F/m Compoundr High Yield Bond ETF

Frequently Asked Questions About CPHY

What does CPHY invest in?

The fund's core objective is to mirror the total return generated by high-yield corporate bonds. Crucially, this is achieved without the reception or reinvestment of dividend income, as its strategy involves direct investment in other exchange-traded funds (ETFs). To realize this, under standard market conditions, F/m Investments LLC (the Adviser) commits at least 80% of the fund's net assets (plus any capital acquired through borrowing) to these underlying funds, which primarily hold high-yield debt.

What is the expense ratio of CPHY?

F/m Compoundr High Yield Bond ETF (CPHY) charges an expense ratio of 0.35%. This is the annual fee deducted from fund assets to cover management and operations.

What is CPHY's distribution yield?

CPHY's trailing-twelve-month yield is —, calculated from the sum of distributions over the past year divided by the current price.

How does CPHY's covered-call strategy work?

CPHY sells call options against the stocks (or index) it holds, collecting premium income that gets passed through to shareholders as distributions. The strategy generates above-market income in flat or rising markets but caps upside — when the underlying rallies past the strike, the gains above the strike go to the option buyer, not the fund.

What is the duration of CPHY?

Effective duration measures CPHY's sensitivity to interest-rate changes — a duration of 6 means a 1% rate move shifts NAV by roughly 6% in the opposite direction. CPHY's current duration is published on the fund's factsheet on the issuer's website.

What is the credit quality of CPHY?

CPHY's credit quality breakdown — the share of holdings rated AAA through CCC and below — is published on the fund's factsheet. Higher-quality (investment-grade) funds yield less but carry less default risk than high-yield / junk bond funds.