- What does YFFI invest in?
- The YFFI fund allocates capital to high-quality, fixed-income instruments, irrespective of their maturity. While its primary focus is on corporate debt, the portfolio also has the flexibility to include U.S. Treasury securities, asset-backed products, and preferred shares, specifically targeting those expected to deliver compelling cash flow and income. The investment strategy involves evaluating relative yields. This includes examining the typical yield spreads among various bonds, as well as comparing the yield disparity between a single issuer's corporate debt and its preferred shares. Additionally, the fund conducts comprehensive fundamental and technical analyses, scrutinizing factors like credit quality, coupon rates, yield-to-worst metrics, and redemption dates. These factors then inform the weighting of holdings, aligning with the fund's target company and sector exposure. The selection process aims to optimize both cash generation and yield, taking into account current and foreseen market environments alongside the portfolio's existing asset mix. Portfolio assets are re-evaluated monthly, while the underlying investment models are reassessed every quarter to identify opportunities for rebalancing or modification. Nevertheless, as an actively managed exchange-traded fund, the portfolio manager retains complete autonomy to transact securities whenever deemed appropriate.
- What is the expense ratio of YFFI?
- Indexperts Yield Focused Fixed Income ETF (YFFI) charges an expense ratio of 0.50%. This is the annual fee deducted from fund assets to cover management and operations.
- What is YFFI's dividend yield?
- YFFI's trailing-twelve-month yield is 4.97%, calculated from the sum of dividends over the past year divided by the current price.
- What is the duration of YFFI?
- Effective duration measures YFFI's sensitivity to interest-rate changes: a duration of 6 means a 1% rate move shifts NAV by roughly 6% in the opposite direction. YFFI's current duration is published on the fund's factsheet on the issuer's website.
- What is the credit quality of YFFI?
- YFFI'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 YFFI?
- Yield to maturity (YTM) is the total return you'd earn from YFFI if every bond in the portfolio is held to maturity at the current price. YFFI'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.
