Sterling Capital Enhanced Core Bond ETF

Frequently Asked Questions About SCEC

What does SCEC invest in?

SCEC is core bond portfolio comprised of diversified USD-denominated securities, including foreign and emerging market debt. It primarily allocates at least 80% of its assets in investment-grade securities, allowing up to 20% in high-yield bonds. To maintain its diversified portfolio, the fund holds various securities including, but is not limited to, US government and corporate bonds, asset- and mortgage-backed securities, CLOs, and Muni bonds. It may also invest in preferred stock, restricted securities, and variable and floating rate instruments. As part of the strategy, the manager utilizes a top-down investment management approach, centering on interest rate risk, sector allocation, credit risk, and individual securities selection. Selection is dependent on valuations and potential risk of each security. The fund is actively managed. It may also use derivatives, including futures contracts, forward foreign currency contracts, credit default swaps, and interest rate swaps.

What is the expense ratio of SCEC?

Sterling Capital Enhanced Core Bond ETF (SCEC) charges an expense ratio of 0.39%. This is the annual fee deducted from fund assets to cover management and operations.

What is SCEC's dividend yield?

SCEC's trailing-twelve-month yield is 5.18%, calculated from the sum of dividends over the past year divided by the current price.

What is the duration of SCEC?

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

What is the credit quality of SCEC?

SCEC'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 SCEC?

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