Rareview Dynamic Fixed Income ETF

Frequently Asked Questions About RDFI

What does RDFI invest in?

Under typical market conditions, this fund allocates at least 80% of its total capital (including any funds obtained through borrowing) to closed-end investment vehicles focused on fixed-income assets. These underlying closed-end funds are selected based on whether their market price is below or above their net asset value, and they must consistently issue scheduled cash payments. By investing in these closed-end funds, which themselves hold international fixed-income instruments, the fund gains indirect access to foreign securities, potentially encompassing those from developing markets. It maintains a non-diversified investment strategy.

What is the expense ratio of RDFI?

Rareview Dynamic Fixed Income ETF (RDFI) charges an expense ratio of 4.23%. 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 9.09%, 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.