Day Hagan Smart Sector Fixed Income ETF

Frequently Asked Questions About SSFI

What does SSFI invest in?

The fund is considered a “fund of funds” that, under normal market conditions, seeks to achieve its investment objective by principally investing in unaffiliated fixed income exchange traded funds that invest in fixed income categories. Under normal market conditions, the fund will invest, indirectly through the underlying funds, at least 80% of its net assets, plus the amount of any borrowings for investment purposes, in fixed income securities and other instruments that have economic characteristics similar to such securities. The fund is non-diversified.

What is the expense ratio of SSFI?

Day Hagan Smart Sector Fixed Income ETF (SSFI) charges an expense ratio of 0.76%. This is the annual fee deducted from fund assets to cover management and operations.

What is SSFI's dividend yield?

SSFI's trailing-twelve-month yield is 3.88%, calculated from the sum of dividends over the past year divided by the current price.

What is the duration of SSFI?

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

What is the credit quality of SSFI?

SSFI'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 SSFI?

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