Alternative Access Funds registers for first priority CLO bond ETF

By Taylor Fox

New York, Aug. 6 – Alternative Access Funds, LLC’s registration for the AAF First Priority CLO bond ETF is scheduled to become effective Aug. 14, according to a news release.

Alternative Access is expected to be one of the first in the industry to give investors the ability to purchase exposure to the first-CLO bonds space via an ETF product.

The new ETF will focus on its investments in dollar-denominated first-priority AAA-rated CLO bonds with the aim of delivering returns consistent with the general broadly syndicated floating rate AAA-rated CLO bond universe.

The ETF's investment objective is to seek capital preservation and income.

Alternative Access is a fund and ETF provider for alternative credit investments based in New York.

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