FolioBeyond Alternative Income and Interest Rate Hedge ETF

Frequently Asked Questions About RISR

What does RISR invest in?

The fund invests primarily in interest-only mortgage-backed securities (“MBS IOs”) and U.S. Treasury bonds. The allocation ratio between MBS IOs and U.S. Treasuries will vary depending on relative value relationships, including historical yield levels compared to other financial assets, volatility and other risk measures (as determined by the sub-adviser), macro-environment determinants, such as inflation and economic growth, and other factors that the sub-adviser evaluates to be relevant. The fund is non-diversified.

What is the expense ratio of RISR?

FolioBeyond Alternative Income and Interest Rate Hedge ETF (RISR) charges an expense ratio of 1.23%. This is the annual fee deducted from fund assets to cover management and operations.

What is RISR's dividend yield?

RISR's trailing-twelve-month yield is 5.85%, calculated from the sum of dividends over the past year divided by the current price.

What is the duration of RISR?

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

What is the credit quality of RISR?

RISR'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 RISR?

Yield to maturity (YTM) is the total return you'd earn from RISR if every bond in the portfolio is held to maturity at the current price. RISR'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.