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Launched · SEC filings

Reckoner BBB-B CLO Annual ETF

RCLYNYSE ArcaF

$103.610.00 (0.00%)

As of Oct 13, 2026, 9:46 AM

F21/ 100

Rank 32 of 34 in Collateralized Loan Obligations (CLO)

F21/100Rank 32 of 34inCollateralized Loan Obligations (CLO)
Intraday session: flat, 1 prints from 103.61 to 103.61. Range 103.61 to 103.61. Use the arrow keys to read each point.103.00104.5010 AM12 PM2 PM4 PM
Expense ratio
0.55%
Fund size
$18M
1Y total return
—
Yield · Last 12 months
—
Holdings
2
Avg volume · 30D
0M sh
NAV per share
$103.48
52W range
low $96.37high $103.66
Launched
Filings
SEC EDGAR

The ETF.net RCLY Grade

Based on 5 of 6 pillars

F

Score 21 out of 100

Category
Collateralized Loan Obligations (CLO)⁠
Rank
32 of 34
Six-pillar profile for RCLY. Scores out of 100: Cost 12, Risk 22, Mission not scored, Tradability 42, Holdings 19, Durability 13. Strongest: Tradability (42). Weakest: Cost (12). Based on 5 of 6 pillars.

Score 21 of 100 falls in the F band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.

  • Cost

    The fund’s net expense ratio, ranked against its category.
    F12 out of 100
    Rank 30 of 34

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    Not scored

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    F22 out of 100
    Rank 28 of 33

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    C42 out of 100
    Rank 22 of 34

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    F19 out of 100
    Rank 33 of 34

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    F13 out of 100
    Rank 33 of 34

Our read on RCLY

ETF.net Research

FMost bond ETFs pay you monthly. RCLY is built the other way: exposure to BBB through B rated collateralized loan obligations with a stated mandate to make just one distribution a year.

Stated mandate

The Fund seeks total return while targeting only one dividend or distribution payment each year.

Why people hold it

  1. 01The mandate is unusual and explicit: seek total return while targeting a single dividend or distribution each year, so income lands as one annual event rather than twelve monthly ones.
  2. 02It goes down the CLO stack. The category's largest funds (JAAA, CLOA, PAAA, FAAA) concentrate on AAA tranches; this one targets BBB through B rated slices instead.
  3. 03Structurally simple: it is a wrapper on Reckoner's own BBB-B CLO ETF (RCLO), so one portfolio runs the credit exposure while this fund handles the annual payout schedule.

Worth knowing

  1. 01Costs 0.55% a year, above the CLO ETF norm: the big AAA funds in the category charge about 0.20%, and the cohort median sits near a quarter point.
  2. 02Launched in February 2026, so the track record is short, and it has been a small, lightly traded fund, which can mean wider bid-ask spreads.
  3. 03BBB-B rated tranches sit below the AAA paper most CLO ETFs hold, so moves in credit stress can be larger. And by design, cash arrives once a year, not monthly.

RCLY Holdings

As of Oct 12, 2026
Asset class
Stocks
Holdings
2
Top-10 weight
100%
Largest holding
RCLO99.9%

Geography

  • United States100.00%
The fund’s holdings, weight-ordered — page 1 of 1.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001RCLOReckoner BBB-B CLO ETF99.89%724,142$18M1
002—U.S. Bank Money Market Deposit Account 06/01/20310.11%20,751$21K103

Showing 1–2 of 2 holdings

RCLY Performance

Launched Feb 11, 2026

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

Not enough history yet.Not enough history yet.Not enough history yet.Not enough history yet.Not enough history yet.
RCLY$10,235
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$10,332
Jul 10, 2026 to Oct 12, 2026. RCLY $10,235. SPY $10,332. Use the arrow keys to read each point.$9,608$10,004$10,400Jul 2026Aug 2026Oct 2026

Jul 10, 2026 – Oct 12, 2026

Returns run to the Oct 12, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.

Trailing total return for RCLY. Periods over one year show the average yearly return.
PeriodRCLY
Year to dateFund launched this year—
1 month+0.1%
3 months+2.4%
1 yearFund is under 1 year old—
3 yearsFund is under 3 years oldper year—
5 yearsFund is under 5 years oldper year—
10 yearsFund is under 10 years oldper year—

As of the close, with distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for RCLY
YearReturn barRCLY
2026 YTD+3.7%

Since listing, Feb 11, 2026

RCLY in the news

Filtered to RCLY · Collateralized Loan Obligations (CLO)

RCLY Dividends

Adds up every distribution paid per share over the last 12 months, divided by the last completed close. Distributions are counted by ex-date. Data through Oct 12, 2026.
—Last 12 months
Payout per share
—Last 12 months

Listed Feb 2026. No distributions yet.

RCLY Risk

How much the fund’s monthly returns vary, scaled to a year.
—
Launched Feb 2026; fills in after 12 months
How it’s calculated: standard deviation

The sample standard deviation of monthly total returns, multiplied by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.

Return above 3-month US Treasury bills per unit of volatility.
—
Launched Feb 2026; fills in after 12 months
How it’s calculated: Sharpe ratio

Subtract each month’s Treasury-bill return from the fund’s monthly total return.

Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.

The largest fall from a peak to the low that followed.
—
Launched Feb 2026; fills in after 12 months
How it’s calculated: maximum drawdown

The largest percentage decline from an earlier peak, using total returns with reinvested distributions.

Uses up to five years through the last close, with at least 12 months required.

How strongly the fund’s returns move with its asset-class index.
0.09
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

RCLY Cost

Expense ratio0.55%
  • The middle half of Collateralized Loan Obligations (CLO) funds
  • Median 0.29%

29 of the 34 Collateralized Loan Obligations (CLO) funds charge less.

RCLY costs $55.00 a year on $10,000. The median Collateralized Loan Obligations (CLO) fund costs $29.00.

Other funds in Collateralized Loan Obligations (CLO)

See others