KDFI is benchmarked to the FTSE US High-Yield/Treasury Rotation Index, which takes a tactical approach to investing in High-Yield Credit and US Treasuries. The index is designed to provide a benchmark for investors looking to capture risk-managed exposure to High-Yield Credit and US Treasuries.
The FTSE US High-Yield/Treasury Rotation Index rotates between the following three underlying indexes: FTSE US Treasury 1-5 Years Index, FTSE US Treasury 7-10 Years Index, or the FTSE US High-Yield Market BB/B-Rated Capped Custom Index. During monthly reviews, the cumulative 3-month return of these indexes is compared, and the index with the highest return across that period receives the full allocation for the coming month. Click here for index definitions.
*Smart beta is an investment style where a manager passively follows an index designed to take advantage of perceived systematic biases or inefficiencies in the market.
|Net Asset Value||$21.66|
|30 Day Median Bid/Ask Spread|
The ETF’s 30 Day Median Bid-Ask Spread is calculated by identifying the ETF’s national best bid and national best offer ("NBBO") as of the end of each 10 second interval during each trading day of the last 30 calendar days and dividing the difference between each such bid and offer by the midpoint of the NBBO. The median of those values is identified and that value is expressed as a percentage rounded to the nearest hundredth.
Cumulative %Data as of: 03/31/2021
|Fund NAV||Closing Price||Index|
Avg Annualized % Data as of quarter end: 03/31/2021
|Fund NAV||Closing Price||Index|
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.
The Growth of $10,000 chart reflects an initial investment of $10,000 on the day prior to the selected time period and assumes reinvestment of dividends and capital gains. For the growth of $10,000 chart since inception, the initial investment of $10,000 is instead made on the inception date of the Fund. Fund expenses, including management fees and other expenses were deducted. The growth of a $10,000 investment in the fund is hypothetical and for illustration purposes only.
|30-day SEC Yield||4.36%|
|Unsubsidized 30-day SEC Yield||4.36%|
|Rank||Company Name||% of Net Assets||Ticker||Identifier||Shares Held||Market Value($)|
|1||SPDR BBG BARC HY||3.59%||JNK||US78468R6229||24,225||2,640,525|
|2||TK 9 1/4 11/15/22||3.51%||–||US87900YAF07||2,575,000||2,587,875|
|3||ISHARES IBOXX HI||3.51%||HYG||US4642885135||29,600||2,584,080|
|4||GNW 7 5/8 09/24/21||1.95%||–||US37247DAP15||1,414,000||1,438,745|
|6||OXY 7.15 05/15/28||0.95%||–||US674599DR39||640,000||697,600|
|7||AFSI 6 1/8 08/15/23||0.92%||–||US032359AE12||675,000||680,198|
|8||XRX 5 08/15/25||0.89%||–||US98421MAA45||620,000||656,425|
|9||GDB DEBT RECOVERY AUT||0.88%||–||US36829QAA31||750,097||645,083|
|10||DAL 4 1/4 07/30/23||0.78%||–||US24737AAA51||562,343||574,733|
Holdings are subject to change.
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