UVA Unconstrained Medium-Term Fixed Income ETF

Frequently Asked Questions About FFIU

What does FFIU invest in?

The fund seeks to achieve its investment objective of current income by investing principally in fixed income securities of any kind with a dollar-weighted average effective duration of between three and seven years. Under normal market conditions, Sub-Adviser intends to invest at least 80% of its net assets (plus the amount of borrowings for investment purposes) in such securities. Fixed income securities include bonds, debt securities, and income-producing instruments of any kind issued by governmental or private-sector entities.

What is the expense ratio of FFIU?

UVA Unconstrained Medium-Term Fixed Income ETF (FFIU) charges an expense ratio of 0.54%. 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 4.15%, 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.