KDFI

KFA Dynamic Fixed Income ETF

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Investment Strategy:

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 quarterly reviews, the cumulative quarterly return of these three indexes is compared, and the index with the highest return across that period receives the full allocation for the coming quarter. Click here for index definitions.

About Dynamic Fixed Income:

  • Over the long-run, we believe credit spreads are a reliable indicator for helping investors allocate to fixed income markets.
  • Dynamic fixed income strategies attempt to offer equity like returns, with fixed income like drawdown.
  • The risk management and tactical features of a dynamic fixed income strategy could replace and improve bond positions within traditional client portfolios.

KDFI Provides:

  • Systematic exposure to High-Yield bonds or Treasuries.
  • Smart-beta* strategy that provides the potential for yield and return enhancement.
  • Disciplined risk management process based on credit spreads.



*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.

Fund Details

Data as of 06/02/2020
TickerKDFI
Primary Exchange NYSE
CUSIP500767686
Net Assets$46,776,529
Total Annual Fund Operating Expense 0.46%
Inception Date12/9/2019
Distribution FrequencyAnnual

Daily Performance

Data as of 06/02/2020
Premium Discount Chart
NAV
Net Asset Value$20.79 
Daily Change -0.02%
Price
Closing Price $20.81 
Daily Change-0.05%

Performance History

Distributions
Cumulative %
Data as of: 05/31/2020
Fund NAV Closing Price Index
1 Month-0.71% -0.33% 0.19%
3 Month-12.63% -13.16% -9.10%
6 Month -11.76%
Since Inception-15.64% -15.56% -11.80%
Cumulative %
Data as of quarter end: 03/31/2020
Fund NAV Closing Price Index
Since Inception-14.77% -15.49% -12.56%

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.

KDFI Key Metrics

Data as of 05/31/2020
Current Yield2.27%
30-day SEC Yield2.48%
Unsubsidized 30-day SEC Yield2.48%

Top 10 Holdings

Data as of 06/02/2020
Full Holdings .CSV
RankCompany Name% of Net AssetsTickerShares HeldMarket Value($)
1
T 3 1/8 11/15/28
9.56%3,700,0004,470,063
2
T 2 5/8 02/15/29
9.26%3,700,0004,329,867
3
T 2 3/8 05/15/29
9.11%3,700,0004,262,949
4
T 1 3/4 11/15/29
8.71%3,700,0004,074,336
5
T 2 1/4 08/15/27
8.4%3,500,0003,927,246
6
T 2 7/8 05/15/28
8.07%3,200,0003,774,250
7
T 2 1/4 11/15/27
7.7%3,200,0003,600,375
8
T 1 1/2 02/15/30
7.38%3,200,0003,450,500
9
T 2 3/8 05/15/27
4.7%1,950,0002,198,854
10
T 2 7/8 08/15/28
3.8%1,500,0001,775,332

Holdings are subject to change.