Reckoner Capital Management, a global asset management firm with specialized expertise in alternative credit, released a new suite of actively managed ETFs that features a range of dividend distribution options for CLO investors.
In 2025, Reckoner introduced its RAAA and RCLO monthly distribution ETFs for individual and institutional investors seeking exposure to AAA- and BBB-BB-rated CLOs. Reckoner has now launched two new funds that offer reinvestment opportunities for investors seeking to stay invested in these underlying CLO asset pools with minimal distributions and two new funds for investors who prefer a single annual dividend over a monthly distribution.
“We heard from many investors who want exposure to CLOs over the long term that they would prefer to remain fully invested rather than receiving distributions on a monthly basis,” John Kim, co-founder and CEO of Reckoner, said. “Our newly launched reinvesting and annual distribution CLO ETFs give investors the flexibility to match their cash flow requirements to their investment horizons and to recognize distributions as taxable income when the shares are sold. As CLO specialists with more than a decade of experience and longstanding industry relationships, we have the know-how to innovate new CLO ETF structures that provide investors with alternative paths to achieving their specific investment objectives.”
Reckoner’s full suite of CLO ETFs is designed to help investors grow returns with smart strategies focused on current income, reinvestment and capital preservation:
- The Reckoner Yield Enhanced AAA CLO ETF seeks enhanced returns through leveraged exposure across a diverse portfolio of AAA-rated CLO bonds with current income from monthly distributions.
- The Reckoner Yield Enhanced AAA CLO Reinvesting ETF is designed to provide leveraged exposure to AAA-rated CLO bonds seeking compounding value through distribution minimization and continuous reinvestment.
- The Reckoner Yield Enhanced AAA CLO Annual ETF provides investors with leveraged exposure to AAA-rated CLOs while limiting distributions to a single annual payment.
- The Reckoner BBB-B CLO ETF seeks capital preservation and current income through exposure to a diverse portfolio of primarily BBB- and BB-rated CLO bonds with current income from monthly distributions.
- The Reckoner BBB-B CLO Reinvesting ETF is designed to provide exposure to primarily BBB- and BB-rated CLO bonds seeking compounding value through distribution minimization and continuous reinvestment.
- The Reckoner BBB-B CLO Annual ETF provides investors with exposure to primarily BBB- and BB-rated CLO bonds while limiting distributions to a single annual payment.
“ETFs offer a very accessible way to invest in CLOs, yet ETFs can often have ‘a one-size-fits-all’ feel with little flexibility to accommodate individual needs,” Richard Hoge, managing director at Reckoner, said. “As the sole manager of the entire suite of funds and their underlying assets, we can provide investors distribution options with an efficient fee structure that does not require compensation for multiple managers. We’re excited to make high quality alternative investments like CLOs available to ETF investors through actively managed funds that help them meet their financial goals.”
