Browse everything: Tickers A–Z · Issuers · Comparisons · Tags
RAAY ETF — Reckoner Yield Enhanced AAA CLO Annual ETF
Reckoner Yield Enhanced AAA CLO Annual ETF (RAAY)
Updated October 16, 2026.
RAAY is an ETF. its expense ratio is 0.35%. Total return is 3.3% over the past 0.7 years, 7.8 points behind SPY at 11.1%.
Reckoner Yield Enhanced AAA CLO Annual ETF is an ETF that invests at least 80% of its net assets in AAA-rated debt tranches of collateralized loan obligations (CLOs), which are the most senior and investment-grade portions of CLO structures. The fund is non-diversified and has an unknown distribution rate and frequency. This ETF may appeal to fixed-income investors seeking exposure to CLO debt instruments with the highest credit ratings.
RAAY holdings and sector exposure
Holdings are not available for this snapshot.
RAAY performance versus SPY
Price and return data through 2026-10-16.
Total return is 3.3% over the past 0.7 years, 7.8 points behind SPY at 11.1%.
| Window | Total return | CAGR |
|---|---|---|
| 1M | 0.3% | — |
| 3M | 1.2% | — |
| 6M | 2.7% | — |
| YTD | 3.3% | — |
| Since inception (0.7 years) | 3.3% | — |
RAAY key facts
- Issuer
- Reckoner Capital Management LLC
- Asset type
- ETF
- Asset class
- Fixed Income
- Inception date
- 02/10/2026
- Expense ratio
- 0.35%
- Distribution frequency
- None
- Last close
- $103.31 (as of 2026-10-16)
- AUM
- $20,700,321
- Average volume
- 6.0
- Beta
- 0.0031
How Dividend Vision calculates yield and returns
Distribution rate (the posted rate) uses calculation basis unavailable. Issuer rates can use a different denominator and date, including ex-date NAV. Trailing-12-month yield is the sum of split-adjusted cash distributions with ex-dates in the last 12 months, divided by the published price. It lags a recent raise or cut. Total return uses split-adjusted close with distributions reinvested on the ex-dividend date (a modeling convention, not the cash-settlement date) from the first stored bar on or after inception through the latest bar, compared with the same window on the benchmark. That is the security's total return, not your personal gain/loss.
Yield and safety methodology · Distribution rate methodology · Distribution Safety Score methodology
Sources and review
Primary sources: Reckoner Capital Management LLC; prices and distributions from Dividend Vision, derived from vendor EOD data.
Reviewed by Bert Sweet, CEO and Co-owner of Dividend Vision. Methodology: Distribution Safety Score.
RAAY risks and drawbacks
Total return has trailed SPY over the available window.
Who may consider RAAY — and who may not
It is a weaker fit for investors who need monthly cash flow (RAAY does not currently distribute); investors whose main goal is matching SPY total return. This is educational context, not a recommendation to buy or sell.
More on RAAY
Frequently asked questions
Does RAAY pay monthly?
No. RAAY does not currently distribute.
What is RAAY's expense ratio?
RAAY's expense ratio is 0.35%.
When does RAAY pay a dividend?
RAAY does not currently distribute.
How has RAAY performed?
Total return is 3.3% over the past 0.7 years, 7.8 points behind SPY at 11.1%.
More securities from Reckoner Capital Management LLC.
Tickers
Holdings as-of date unavailable.
| Ticker | Name | Weight |
|---|
See how this investment would fit into your portfolio.