First Etf Profile

AAA -  USA Etf  

USD 24.51  0.03  0.12%

Market Performance
0 of 100
Odds Of Distress
Less than 1
First Priority is trading at 24.51 as of the 23rd of May 2022, a 0.12% increase since the beginning of the trading day. The etf's open price was 24.48. First Priority has a very small chance of experiencing financial distress in the next few years, but has generated negative returns over the last 90 days. Equity ratings for First Priority Clo are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 28th of April 2021 and ending today, the 23rd of May 2022. Click here to learn more.
The fund is an actively-managed exchange-traded fund that pursues its investment objective by investing, under normal circumstances, at least 80 percent of its net assets in AAA rated first priority debt tranches of U.S. dollar-dominated collateralized loan obligations . More on First Priority Clo

First Priority Etf Highlights

Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. If you consider yourself one of those investors, make sure you clearly understand your entering position. First Priority's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding First Priority or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
First Priority Clo generated a negative expected return over the last 90 days
First Priority Clo is unlikely to experience financial distress in the next 2 years
The fund holds about 52.3% of its assets under management (AUM) in fixed income securities
New SymbolAAAGY
Macroaxis Advice
Unlike general analyst consensus, Macroaxis buy hold or sell recommendation is provided in the context of your current investment horizon and risk tolerance. The advice algorithm takes into account all of First Priority's available fundamental, technical, and predictive indicators. Your current horizon is 90 days - details
IssuerAlternative Access Funds
DescriptionAAF First Priority CLO Bond ETF
Inception Date2020-09-09
Entity TypeRegulated Investment Company
Asset TypeFixed Income
FocusInvestment Grade
Market ConcentrationDeveloped Markets
RegionNorth America
AdministratorU.S. Bancorp Fund Services, LLC
AdvisorAlternative Access Funds, LLC
CustodianU.S. Bank, N.A.
DistributorQuasar Distributors, LLC
Portfolio ManagerPeter Coppa
Transfer AgentU.S. Bancorp Fund Services, LLC
Fiscal Year End31-Dec
ExchangeNYSE Arca, Inc.
Number of Constituents29.0
Market MakerFlow Traders
Total Expense0.25
Management Fee0.25
Nav Price24.61
Two Hundred Day Average24.95
Average Daily Volume In Three Month1.65k
Fifty Two Week Low24.45
As Of Date11th of May 2022
Average Daily Volume Last 10 Day2.17k
Fifty Two Week High25.06
One Month-0.74%
Fifty Day Average24.8
Three Month-1.12%
First Priority Clo [AAA] is traded in USA and was established 2020-09-09. The fund is classified under Ultrashort Bond category within Alternative Access Funds family. First Priority Clo presently have 9.92 M in assets under management (AUM). , while the total return for the last year was -0.57%.
Check First Priority Probability Of Bankruptcy

Geographic Allocation (%)

First Priority Target Price Odds Analysis

What are First Priority's target price odds to finish over the current price? Depending on a normal probability distribution, the odds of First Priority jumping above the current price in 90 days from now is close to 99%. The First Priority Clo probability density function shows the probability of First Priority etf to fall within a particular range of prices over 90 days. Considering the 90-day investment horizon First Priority Clo has a beta of -0.0147. This suggests as returns on benchmark increase, returns on holding First Priority are expected to decrease at a much lower rate. During the bear market, however, First Priority Clo is likely to outperform the market. Additionally, the company has a negative alpha, implying that the risk taken by holding this instrument is not justified. First Priority Clo is significantly underperforming DOW.
  Odds Below 24.51HorizonTargetOdds Above 24.51
0.60%90 days
Based on a normal probability distribution, the odds of First Priority to move above the current price in 90 days from now is close to 99 (This First Priority Clo probability density function shows the probability of First Etf to fall within a particular range of prices over 90 days) .

First Priority Major Institutional Holders

Institutional Holdings refers to the ownership stake in First Priority that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of First Priority's outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing First Priority's value.
InstituionSecurity TypeTotal SharesValue
Beach Point Capital Management LpFund Units100 K2.5 M
View First Priority Diagnostics

First Priority Clo Risk Profiles

Investors will always prefer to have the highest possible return on investment while minimizing volatility. First Priority market risk premium is the additional return an investor will receive from holding First Priority long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in First Priority. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Although First Priority's alpha and beta are two of the key measurements used to evaluate First Priority's performance over the market, the standard measures of volatility play an important role as well.

First Priority Clo Technical Analysis

The output start index for this execution was zero with a total number of output elements of sixty-one. First Priority Clo Inverse Tangent Over Price Movement function is an inverse trigonometric method to describe First Priority price patterns.

First Priority Against Markets

Picking the right benchmark for First Priority etf is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in First Priority etf price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for First Priority is critical whether you are bullish or bearish towards First Priority Clo at a given time.

Similar Equity Warning - AAA

First Priority Clo was forked

The entity First Priority Clo with a symbol AAA was recently forked. You can potentially use ALTANA AKTIENGESELLSCHAFT with a symbol AAAGY from now on.

Investing First Priority Clo

You need to understand the risk of investing before taking a position in First Priority. The danger of trading First Priority Clo is mainly related to its market volatility and ETF specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of First Priority is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than First Priority. The Shape ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile First Priority Clo is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
Please continue to Trending Equities. Note that the First Priority Clo information on this page should be used as a complementary analysis to other First Priority's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try Fund Screener module to find actively-traded funds from around the world traded on over 30 global exchanges.

Complementary Tools for First Etf analysis

When running First Priority Clo price analysis, check to measure First Priority's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy First Priority is operating at the current time. Most of First Priority's value examination focuses on studying past and present price action to predict the probability of First Priority's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move First Priority's price. Additionally, you may evaluate how the addition of First Priority to your portfolios can decrease your overall portfolio volatility.
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The market value of First Priority Clo is measured differently than its book value, which is the value of First that is recorded on the company's balance sheet. Investors also form their own opinion of First Priority's value that differs from its market value or its book value, called intrinsic value, which is First Priority's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because First Priority's market value can be influenced by many factors that don't directly affect First Priority's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between First Priority's value and its price as these two are different measures arrived at by different means. Investors typically determine First Priority value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, First Priority's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.