- What does RDFI invest in?
- Under normal market conditions, the fund will invest at least 80% of its net assets (plus any borrowings for investment purposes) in fixed income closed-end funds trading at a discount or premium to their underlying net asset value and that pay regular periodic cash distributions. Through its investments in closed-end funds that hold non-U.S. fixed income securities, the fund may invest indirectly in foreign securities, including securities of issuers located in emerging markets. It is non-diversified.
- What is the expense ratio of RDFI?
- Rareview Dynamic Fixed Income ETF (RDFI) charges an expense ratio of 4.46%. This is the annual fee deducted from fund assets to cover management and operations.
- What is RDFI's dividend yield?
- RDFI's trailing-twelve-month yield is 8.26%, calculated from the sum of dividends over the past year divided by the current price.
- What is the duration of RDFI?
- Effective duration measures RDFI's sensitivity to interest-rate changes — a duration of 6 means a 1% rate move shifts NAV by roughly 6% in the opposite direction. RDFI's current duration is published on the fund's factsheet on the issuer's website.
- What is the credit quality of RDFI?
- RDFI'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 RDFI?
- Yield to maturity (YTM) is the total return you'd earn from RDFI if every bond in the portfolio is held to maturity at the current price. RDFI'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.
