Rareview Dynamic Fixed Income ETF

Symbol: RDFI

 

Fact Sheet    Investment Case   How to Buy


 

INVESTMENT OBJECTIVE

The Rareview Dynamic Fixed Income ETF (the “Fund”) seeks total return with an emphasis on providing current income.

INVESTMENT STRATEGY

The Fund is an actively managed exchange-traded fund. The Fund seeks to achieve its investment objective principally through investments in closed-end funds. Under normal market conditions, the Fund will invest in fixed income closed-end funds trading at a discount or premium to their underlying net asset value and that pay regular periodic cash distributions.

 

ETF Details

Ticker Symbol RDFI
IOPV Ticker Symbol RDFI.IV
Primary Listing Exchange Cboe BZX Exchange, Inc.
CUSIP 19423L722
Inception Date October 21, 2020
Net Assets $7,506,990
Shares Outstanding 300,000

 Fees & Expenses

Management Fee 0.97%
Other Expenses¹ 0.66%
Acquired Fund Fees & Expenses² 0.87%
Total Annual Fund Operating Expenses³ 2.37%
Load Fees None
Distribution and/or Service (12b-1) Fees None
Redemption Fee None

¹Other Expenses are estimated for the Fund’s current fiscal year.
²Acquired Fund Fees and Expenses, which are estimated for the Fund’s current fiscal year, are the indirect costs of investing in other investment companies.
³The Advisor has contractually agreed to waive a portion or all of its management fees and pay Fund expenses to limit Total Annual Fund Operating Expenses to 1.50% through October 31, 2021.

 

Fund Documents

Download the Fund’s prospectus, SAI, reports, and filings

Reports

  • Annual Report
  • Semi-Annual Report

Filings

  • Most Recent SEC Form N-Q

 

Performance

 Total Returns as of Month Ending: 10/31/20

1 MONTH 3 MONTH YTD 1 YEAR SINCE INCEPTION
Fund NAV
Market Price

*Periods over 1-year are annualized

 Total Returns as of Quarter Ending: 12/31/20

1 MONTH 3 MONTH YTD 1 YEAR SINCE INCEPTION
Fund NAV
Market Price

*Periods over 1-year are annualized

The Rareview Tax Advantaged Income ETF inception date is October 21, 2020.

 

Performance data quoted represents past performance and is no guarantee of future results. Current performance may be lower or higher than the performance data quoted. Investment return and principal value will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than original cost. Returns are average annualized total returns, except those for periods of less than one year, which are cumulative. Shares are bought and sold at market price (not NAV) and are not individually redeemed from the Fund. Market performance is determined using the bid/ask midpoint at 4:00 p.m. Eastern time, when the NAV is typically calculated. Market performance does not represent the returns you would receive if you traded shares at other times. Brokerage commissions will reduce returns.

 

NAV and Market Price

Data as of October 22, 2020

Net Asset Value (NAV) $24.9839
Change ($) 0
Change (%) 0

Closing Price $25.0233
Change ($) 0
Change (%) 0


 

Premium/Discount

Data as of October 20, 2020

Net Asset Value (NAV) Market Price Premium/Discount (%) 30-day Median Bid/Ask Spread (%)¹
$24.9839 $25.0233 0.1577% 0.1156%

¹The median bid-ask spread is calculated by identifying the national best bid and national best offer (“NBBO”) for each fund 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.

 

Historical Premium/Discount


 

Frequency Distribution of Premium and Discounts

 

Most Recently Completed Calendar Quarter Last Calendar Year
Total # of Days Fund Closed at Premium 0 0
Total # of Days Fund Closed at Net Asset Value (NAV) 0 0
Total # of Days Fund Closed at Discount 0 0

The table above is provided to show the frequency at which the closing price for the Fund was at a premium or discount to its daily net asset value (NAV). The table represents past performance and cannot be used to predict future results. The Adviser will provide a discussion in the event the ETF’s premium or discount has been greater than 2% for seven consecutive trading days.

 

Holdings

Data as of October 22, 2020

Name Ticker CUSIP Shares Market Value Weight
CASH CASH 2,500,000 $2,500,000 100.00%

Fund holdings and sector allocations are subject to change and should not be considered a recommendation to buy or sell any security.

 

Distributions

Frequency: Monthly

Month Ex Date Record Date Pay Date Amount
November TBD TBD TBD TBD