UVA Unconstrained Medium-Term Fixed Income ETF

Frequently Asked Questions About FFIU

What does FFIU invest in?

The UVA Unconstrained Medium-Term Fixed Income ETF's primary goal is to generate current income. It achieves this by predominantly investing in a diverse array of fixed-income instruments. These investments are specifically chosen to maintain a dollar-weighted average effective duration generally ranging between three and seven years. Typically, the fund's sub-adviser will dedicate a minimum of 80% of its net assets (along with any borrowed funds used for investment) to these types of securities. The category of fixed-income securities encompasses bonds, various debt instruments, and other income-producing assets, regardless of whether they are issued by government entities or private companies.

What is the expense ratio of FFIU?

UVA Unconstrained Medium-Term Fixed Income ETF (FFIU) charges an expense ratio of 0.82%. This is the annual fee deducted from fund assets to cover management and operations.

What is FFIU's dividend yield?

FFIU's trailing-twelve-month yield is 4.29%, calculated from the sum of dividends over the past year divided by the current price.

What is the duration of FFIU?

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

What is the credit quality of FFIU?

FFIU'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.

What is the yield to maturity of FFIU?

Yield to maturity (YTM) is the total return you'd earn from FFIU if every bond in the portfolio is held to maturity at the current price. FFIU's YTM is published on the fund's factsheet on the issuer's website. It differs from the trailing-12-month yield because YTM reflects current bond prices rather than historical income paid.