About Reckoner BBB-B CLO Reinvesting ETF

RCLR is designed to provide exposure to BBB+ through B- rated CLO debt tranches with reduced current distributions. CLOs are issued by trusts or special purpose entities that are collateralized by pools of senior secured loans, senior unsecured loans, and subordinate corporate loans. The fund primarily invests in its affiliated ETFs, RCLO and RCLY. The underlying ETF, RCLO, primarily focuses on...