CPHY (F/m Compoundr High Yield Bond ETF) is a recent IPO.
It began trading on August 12, 2025, giving it less than a year of public history. Many charts and metrics below are sparse or empty until more price, financial, and analyst history accumulates — the affected sections are flagged individually so you can tell limited history from missing data.

CPHY does not currently pay a dividend.
See exactly how CPHY's revenue becomes profit — a Sankey that traces revenue (and its reported segments) through gross profit, operating expenses, and net profit, with the year-over-year change on every line.
The same diagram the Chart Builder draws, right on the Summary tab. Upgrade to unlock it for CPHY and 80,000+ other tickers.
The fund's core objective is to mirror the total return generated by high-yield corporate bonds. Crucially, this is achieved without the reception or reinvestment of dividend income, as its strategy involves direct investment in other exchange-traded funds (ETFs). To realize this, under standard market conditions, F/m Investments LLC (the Adviser) commits at least 80% of the fund's net assets (plus any capital acquired through borrowing) to these underlying funds, which primarily hold high-yield debt.

Exchange 2026 brought together experts and leaders from firms of all kinds to share ideas, showcase investment perspectives, and discuss the latest market innovations. Alex Morris, CEO of F/m Investments, sat down with the VettaFi team to talk about today's fixed income environment, the F/m fund lineup, and much more.

On Tuesday, F/m Investments expanded its ETF roster by debuting two new funds. Both of these new ETFs were created in partnership with Compoundr LLC, and seek to address dividend tax drag.