FolioBeyond's Rising Rates ETF--RISR--elected to stabilize its monthly dividend at a rate of $0.18 per share.
FolioBeyond's Rising Rates ETF--RISR--elected to stabilize its monthly dividend at a rate of $0.18 per share.
As of October 31, this corresponds to a 30-day SEC yield of 7.52%.
This compares very favorably to the yields of a number of widely held ETFs including:
iShares Core U.S. Aggregate Bond ETF -- AGG: 4.21% (1) (subsidized), 4.11% (2) (unsubsidized)
SPDR S&P 500 ETF -- SPY: 1.55% (1)
iShares iBoxx $ Investment Grade Corporate Bond ETF-- LQD: 5.78% (1)
We made this decision in order to provide predictability to investors, many of whom have told us they value stability of income.
It is our intention to maintain the dividend at this rate for the next several months, at least, although actual dividend distributions in the long run may be higher or lower than this amount based on market conditions which are never perfectly predictable.
(1) The 30-Day Yield represents net investment income earned by the Fund over the 30-Day period ended 10/31/2022, expressed as an annual percentage rate based on the Fund’s share price at the end of the 30-Day period.
(2) Represents what a fund's 30-Day SEC Yield would have been had no fee waiver or expense reimbursement been in place over the period.
Before investing you should carefully consider the Fund's investment objectives, risks, charges and expenses. This and other information is in the prospectus. A prospectus may be obtained by clicking here. Please read the prospectus carefully before you invest.
Investments involve risk. Principal loss is possible.
Distributed by Foreside Fund Services, LLC.
| Ticker | 1M | 3M | 6M | Since Inception Cumulative | 1Y | 3Y | 5Y | Since Inception Annualized | As of Date |
|---|---|---|---|---|---|---|---|---|---|
| AGG NAV | -4.31% | -4.73% | -9.18% | -14.58% | -14.58% | -3.28% | -0.31% | -14.58% | 9/30/2022 |
| AGG MKT | -4.14% | -4.70% | -9.07% | -14.47% | -14.47% | -3.27% | -0.29% | -14.47% | 9/30/2022 |
| Ticker | 1M | 3M | 6M | YTD | Since Inception Cumulative | 1Y | 3Y | 5Y | Since Inception Annualized | As of Date |
|---|---|---|---|---|---|---|---|---|---|---|
| SPY NAV | -9.21% | -4.89% | -20.19% | -23.87% | -15.50% | -15.50% | 8.10% | 9.15% | -15.50% | 9/30/2022 |
| SPY MKT | -9.24% | -4.93% | -20.25% | -23.93% | -15.51% | -15.51% | 8.10% | 9.15% | -15.51% | 9/30/2022 |
| Ticker | 1M | 3M | 6M | YTD | Since Inception Cumulative | 1Y | 3Y | 5Y | Since Inception Annualized | As of Date |
|---|---|---|---|---|---|---|---|---|---|---|
| LQD NAV | -6.10% | -5.95% | -14.07% | -21.24% | -21.01% | -21.01% | -4.42% | -0.32% | -21.01% | 9/30/2022 |
| LQD MKT | -5.98% | -6.15% | -14.04% | -21.24% | -20.94% | -20.94% | -4.52% | -0.38% | -20.94% | 9/30/2022 |
| Ticker | 1M | 3M | 6M | YTD | Since Inception Cumulative | 1Y | 3Y | 5Y | Since Inception Annualized | As of Date |
|---|---|---|---|---|---|---|---|---|---|---|
| RISR NAV | 4.21% | -1.04% | 8.46% | 31.60% | 30.06% | 30.06% | - | - | 30.06% | 9/30/2022 |
| RISR MKT | 3.90% | -1.27% | 7.69% | 29.26% | 29.58% | 29.58% | - | - | 29.58% | 9/30/2022 |
The performance data quoted represents past performance. Past performance does not guarantee future results. The investment return and principal value of an investment will fluctuate so that an investor’s shares, when sold or redeemed, may be worth more or less than their original cost and current performance may be lower or higher than the performance quoted. Performance current to the most recent month-end can be obtained by calling (866) 497-4963.
FolioBeyond Rising Rates ETF (RISR)– Click here for Fund’s current Performance and Prospectus.
Gross Expense Ratio: 1.01%
Inception Date: 09/30/2021
Objective: The FolioBeyond Rising Rates ETF (the “Fund”) seeks to provide current income and protect against rising interest rates.
Strategy: The Fund is an actively-managed exchange-traded fund (“ETF”) that seeks to provide protection against rising interest rates while generating current income under stable interest rates. The Fund invests primarily in interest-only mortgage-backed securities (“MBS IOs”) and U.S. Treasury bonds.
Risks: An investment in the Fund is subject to numerous risks including the possible loss of principal. There can be no assurance that the Fund will achieve its investment objective. Equity securities, such as common stocks, are subject to market, economic and business risks that may cause their prices to fluctuate. As with all ETFs, Fund shares may be bought and sold in the secondary market at market prices. The market price normally should approximate the Fund’s net asset value per share (NAV), but the market price sometimes may be higher or lower than the NAV. The Fund is new with a limited operating history. There are a limited number of financial institutions authorized to buy and sell shares directly with the Fund, and there may be a limited number of other liquidity providers in the marketplace. There is no assurance that Fund shares will trade at any volume, or at all, on any stock exchange. Low trading activity may result in shares trading at a material discount to NAV. Please see the prospectus and summary prospectus for a complete description of principal risks.
The value of MBS IOs is more volatile than other types of mortgage-related securities. They are very sensitive not only to declining interest rates, but also to the rate of prepayments. MBS IOs involve the risk that borrowers may default on their mortgage obligations or the guarantees underlying the mortgage-backed securities will default or otherwise fail and that, during periods of falling interest rates, mortgage-backed securities will be called or prepaid, which may result in the Fund having to reinvest proceeds in other investments at a lower interest rate. The Fund's derivative investments have risks, including the imperfect correlation between the value of such instruments and the underlying assets or index; the loss of principal, including the potential loss of amounts greater than the initial amount invested in the derivative instrument. The value of the Fund's investments in fixed income securities (not including MBS IOs) will fluctuate with changes in interest rates. Typically, a rise in interest rates causes a decline in the value of fixed income securities owned indirectly by the Fund.
SPY - Click here for Fund’s current Performance and Prospectus.
Gross Expense Ratio: 0.0945%
Inception Date: 01/22/1993
Objective: SPY seeks to provide investment results that, before expenses, correspond generally to the price and yield performance of the S&P 500® Index (the “Index”)
Strategy: The Trust is not actively managed. Rather, the Trust attempts to track the performance of an unmanaged index of securities. This differs from an actively managed fund, which typically seeks to outperform a benchmark index. As a result, the Trust will hold constituent securities of the Index regardless of the current or projected performance of a specific security or a particular industry or
market sector.
Risks: The Fund's investments are subject to changes in general economic conditions, general market fluctuations and the risks inherent in investment in securities markets. Investment markets can be volatile and prices of investments can change substantially due to various factors including, but not limited to, economic growth or recession, changes in interest rates, changes in the actual or perceived creditworthiness of issuers, and general market liquidity. The Fund is subject to the risk that geopolitical events will disrupt securities markets and adversely affect global economies and markets. Local, regional or global events such as war, acts of terrorism, the spread of infectious illness or other public health issues, or other events could have a significant impact on the Fund and its investments.
LQD - Click here for Fund’s current Performance and Prospectus.
Gross Expense Ratio: 0.14%
Inception Date: 07/22/2002
Objective: The iShares iBoxx $ Investment Grade Corporate Bond ETF seeks to track the investment results of an index composed of U.S. dollar-denominated, investment grade corporate bonds.
Strategy: The Fund seeks to track the investment results of the Markit iBoxx® USD Liquid Investment Grade Index (the “Underlying Index”), which is a rules based index consisting of U.S. dollar denominated, investment-grade (as determined by Markit Indices Limited (the “Index Provider” or “Markit”)) corporate bonds for sale in the U.S. The Underlying Index is designed to provide a broad representation of the U.S. dollar-denominated liquid investment grade corporate bond market.
Risks: Fixed income risks include interest-rate and credit risk. Typically, when interest rates rise, there is a corresponding decline in bond values. Credit risk refers to the possibility that the bond issuer will not be able to make principal and interest payments. Certain sectors and markets perform exceptionally well based on current market conditions and iShares and BlackRock Funds can benefit from that performance. Achieving such exceptional returns involves the risk of volatility and investors should not expect that such results will be repeated.
Distribution Yield and 12m Trailing Yield results may have period over period volatility due to factors including tax considerations such as treatment of passive foreign investment companies (PFICs), treatment of defaulted bonds or excise tax requirements; exceptional corporate actions; seasonality of dividends from underlying holdings; significant fluctuations in fund shares outstanding; or fund capital gain distributions.
AGG - Click here for Fund’s current Performance and Prospectus.
Gross Expense Ratio: 0.04%
Inception Date: 09/22/2003
Objective: The investment seeks to track the investment results of the Bloomberg U.S. Aggregate Bond Index. The index measures the performance of the total U.S. investment-grade bond market. The fund will invest at least 80% of its assets in the component securities of the underlying index and TBAs that have economic characteristics that are substantially identical to the economic characteristics of the component securities of the underlying index, and the fund will invest at least 90% of its assets in fixed income securities of the types included in the underlying index that the advisor believes will help the fund track the underlying index.
Strategy: The Fund seeks to track the investment results of the Bloomberg U.S. Aggregate Bond Index (the “Underlying Index”), which measures the performance of the total U.S. investment-grade (as determined by Bloomberg Index Services Limited (the “Index Provider” or “Bloomberg”)) bond market. As of February 28, 2022, there were 12,364 issues in the Underlying Index. The Underlying Index includes investment-grade U.S. Treasury bonds, government-related bonds, corporate bonds, mortgage-backed pass-through securities (“MBS”), commercial mortgage-backed securities (“CMBS”) and asset-backed securities (“ABS”) that are publicly offered for sale in the U.S. As of February 28, 2022, a significant portion of the Underlying Index is represented by MBS and U.S. Treasury securities. The components of the Underlying In
Risks: Fixed income risks include interest-rate and credit risk. Typically, when interest rates rise, there is a corresponding decline in bond values. Credit risk refers to the possibility that the bond issuer will not be able to make principal and interest payments.
An investment in the Fund is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency and its return and yield will fluctuate with market conditions.
Diversification and asset allocation may not protect against market risk or loss of principal.
Certain sectors and markets perform exceptionally well based on current market conditions and iShares and BlackRock Funds can benefit from that performance. Achieving such exceptional returns involves the risk of volatility and investors should not expect that such results will be repeated.