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About Rareview Dynamic Fixed Income ETF
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Inception date
Oct 21, 2020
Structure
Open-Ended Fund
Replication method
Physical
Dividend treatment
Distributes
Distribution tax treatment
Ordinary income
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
Rareview Capital LLC
Distributor
Foreside Fund Services LLC
Identifiers
3
ISIN US19423L7221
RDFI invests in fixed income CEFs that pay regular periodic distributions. The Adviser uses top-down macro analysis to select CEFs that best fit within sub-asset classes believed to mimic the broader fixed income market. Selection is based on a quantitative approach that measures the relative premium/discount of each CEF the Adviser believes will generate the highest levels of after-tax income. As a result, the portfolio provides broad exposure to fixed income securities, including corporate, municipal, convertible bonds, leveraged loans, mortgage-backed securities, US high yield, as well as aggregate and emerging market fixed income. The portfolio holdings can be of any credit quality and maturity. The weighting to each asset class is determined by a top-down macro model measure of relative risk levels and expected return. RDFI invests primarily in CEFs but may invest up to 30% in ETFs. Due to the nature of CEFs, investors should anticipate a higher turnover rate.
Related funds
Classification
What's in the fund
Exposure type
Mutual fund
Stock breakdown by region
Top 10 holdings
Displays a symbol's price movements over previous years to identify recurring trends.
Frequently Asked Questions
An exchange-traded fund (ETF) is a collection of assets (stocks, bonds, commodities, etc.) that track an underlying index and can be bought on an exchange like individual stocks.
RDFI assets under management is 65.12 M USD. AUM is an important metric as it reflects the fund's size and can serve as a gauge of how successful the fund is in attracting investors, which, in its turn, can influence decision-making.
Since ETFs work like an individual stock, they can be bought and sold on exchanges (e.g. NASDAQ, NYSE, EURONEXT). As it happens with stocks, you need to select a brokerage to access trading. Explore our list of available brokers to find the one to help execute your strategies. Don't forget to do your research before getting to trading. Explore ETFs metrics in our ETF screener to find a reliable opportunity.
RDFI invests in funds. See more details in our Analysis section.
RDFI expense ratio is 4.46%. It's an important metric for helping traders understand the fund's operating costs relative to assets and how expensive it would be to hold the fund.
No, RDFI isn't leveraged, meaning it doesn't use borrowings or financial derivatives to magnify the performance of the underlying assets or index it follows.
Yes, RDFI pays dividends to its holders with the dividend yield of 8.02%.
RDFI shares are issued by Neil Azous Revocable Trust
RDFI follows the No Underlying Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
The fund started trading on Oct 21, 2020.
The fund's management style is active, aiming to outperform its benchmark index by actively selecting and adjusting assets. The goal is to achieve returns that exceed those of the index the fund tracks.