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Launched · SEC filings

UVA Unconstrained Medium-Term Fixed Income ETF

FFIUNYSE ArcaD

$20.900.00 (−0.01%)

As of Nov 2, 2026, 10:00 AM ET

D28/ 100

Rank 111 of 116 in US Aggregate Bond

D28/100Rank 111 of 116inUS Aggregate Bond
Intraday session: down, 1 prints from 20.90 to 20.90. Range 20.90 to 20.90. Use the arrow keys to read each point.20.9020.9010 AM12 PM2 PM4 PM
Expense ratio
0.53%*
Fund size
$49M
1Y total return
−2.9%
Yield · Last 12 months
4.28%
Holdings
129
Avg volume · 30D
4.28K sh
52W range
low $20.02high $22.82
Launched
Filings
SEC EDGAR

*After a fee waiver that ends Oct 31, 2027. Without it: 0.81%.

The ETF.net FFIU Grade

D

Score 28 out of 100

Category
US Aggregate Bond⁠
Rank
111 of 116
Six-pillar profile for FFIU. Scores out of 100: Cost 16, Risk 30, Mission 36, Tradability 16, Holdings 57, Durability 43. Strongest: Holdings (57). Weakest: Tradability (16). Leans toward Holdings.

Score 28 of 100 falls in the D band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.

  • Cost

    The fund’s net expense ratio, ranked against its category.
    F16 out of 100
    Rank 96 of 115

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    D36 out of 100
    Rank 97 of 100

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    D30 out of 100
    Rank 107 of 116

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    F16 out of 100
    Rank 108 of 116

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    B57 out of 100
    Rank 59 of 115

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    C43 out of 100
    Rank 76 of 116

Our read on FFIU

ETF.net Research

In short

DA go-anywhere bond fund with a human at the wheel: no index to track, just an active manager picking across the fixed income market for current income. It has been running since 2017.

Stated mandate

The Fund seeks current income with limited risk to principal by investing mainly in fixed income securities of any kind. It normally invests at least 80% of assets in those securities.

Why people hold it

  • Unconstrained means unconstrained: no benchmark to hug, and the prospectus allows fixed income of any kind, plus up to 20% in futures, options, cash or other funds.sec.gov
  • Built for income, not fireworks. At least 80% of assets sit in fixed income, the stated aim is current income with limited risk to principal, and cash goes out quarterly.sec.gov
  • Trading since 2017, so there is a real multi-year record across very different rate environments rather than a backtest.

Worth knowing

  • Costs 0.54% a year, above the roughly 0.36% median for core bond ETFs and well above index giants like BND, SPAB and SCHZ at 0.03%.
  • Small and thinly traded, which usually means wider bid-ask spreads and more gap between your fill price and the fund's underlying value.
  • Outcomes hinge on the manager's judgment rather than a published index, so there is no benchmark to measure the portfolio against day to day.

FFIU Performance

Launched Aug 18, 2017

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

Not enough history yet.
FFIU$9,706
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,199
Oct 31, 2025 to Oct 30, 2026. FFIU $9,706. SPY $11,199. Use the arrow keys to read each point.$10,000$11,000Oct 2025Apr 2026Oct 2026

Oct 31, 2025 – Oct 30, 2026

Returns run to the Oct 30, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.

Trailing total return for FFIU. Periods over one year show the average yearly return.
PeriodFFIU
Year to date−2.6%
1 month+2.7%
3 months−0.5%
1 year−2.9%
3 yearsper year+5.3%
5 yearsper year−0.7%
10 yearsFund is under 10 years oldper yearNo data

With distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for FFIU
YearReturn barFFIU
2026 YTD−2.6%
2025+8.6%
2024+0.2%
2023+7.4%
2022−15.2%
2021+0.1%
2020+7.9%

FFIU in the news

FFIU Dividends

Adds up every distribution paid per share over the last 12 months, divided by the last completed close. Distributions are counted by ex-date. Data through Oct 30, 2026.
4.28%Last 12 months
Payout per share
$0.90Last 12 months
Last payment
$0.23 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Quarterly

Distribution history

2017–2026

One bar per payment. 85 payments from 2017 to 2026 YTD. Oct 30, 2017 $0.06; Nov 29, 2017 $0.05; Dec 28, 2017 $0.05; Jan 30, 2018 $0.04; Feb 27, 2018 $0.04; Mar 28, 2018 $0.05; Apr 27, 2018 $0.05; May 30, 2018 $0.05; Jun 28, 2018 $0.06; Jul 30, 2018 $0.05; Aug 30, 2018 $0.05; Sep 27, 2018 $0.05; Oct 30, 2018 $0.06; Nov 29, 2018 $0.06; Dec 28, 2018 $0.07; Jan 30, 2019 $0.06; Feb 27, 2019 $0.06; Mar 28, 2019 $0.06; Apr 29, 2019 $0.06; May 30, 2019 $0.06; Jun 27, 2019 $0.06; Jul 30, 2019 $0.07; Aug 29, 2019 $0.06; Sep 27, 2019 $0.06; Oct 30, 2019 $0.06; Nov 27, 2019 $0.06; Dec 30, 2019 $0.07; Jan 30, 2020 $0.05; Feb 27, 2020 $0.06; Mar 30, 2020 $0.06; Apr 29, 2020 $0.06; May 28, 2020 $0.06; Jun 29, 2020 $0.05; Jul 30, 2020 $0.06; Aug 28, 2020 $0.05; Sep 29, 2020 $0.05; Oct 29, 2020 $0.06; Nov 27, 2020 $0.05; Dec 29, 2020 $0.13; Jan 28, 2021 $0.05; Feb 25, 2021 $0.05; Mar 30, 2021 $0.05; Apr 29, 2021 $0.05; May 27, 2021 $0.05; Jun 29, 2021 $0.05; Jul 29, 2021 $0.05; Aug 30, 2021 $0.06; Sep 29, 2021 $0.06; Oct 28, 2021 $0.06; Nov 29, 2021 $0.05; Dec 30, 2021 $0.25; Jan 28, 2022 $0.05; Feb 25, 2022 $0.05; Mar 30, 2022 $0.05; Apr 28, 2022 $0.05; May 27, 2022 $0.06; Jun 29, 2022 $0.06; Jul 28, 2022 $0.06; Aug 30, 2022 $0.06; Sep 29, 2022 $0.06; Oct 28, 2022 $0.06; Nov 29, 2022 $0.06; Dec 29, 2022 $0.07; Jan 30, 2023 $0.06; Feb 27, 2023 $0.06; Mar 30, 2023 $0.06; Apr 27, 2023 $0.07; May 30, 2023 $0.07; Jun 29, 2023 $0.07; Jul 28, 2023 $0.07; Aug 30, 2023 $0.07; Sep 28, 2023 $0.07; Oct 30, 2023 $0.01; Dec 28, 2023 $0.23; Mar 28, 2024 $0.23; Jun 28, 2024 $0.21; Sep 27, 2024 $0.21; Dec 30, 2024 $0.22; Mar 28, 2025 $0.22; Jun 27, 2025 $0.21; Sep 29, 2025 $0.22; Dec 30, 2025 $0.22; Mar 30, 2026 $0.23; Jun 29, 2026 $0.22; Sep 29, 2026 $0.23. Use the arrow keys to read each point.2017201820192020202120222023202420252026YTD
Ex-datePay dateAmount per share
Sep 29, 2026Sep 30, 2026$0.23
Jun 29, 2026Jun 30, 2026$0.22
Mar 30, 2026Mar 31, 2026$0.23
Dec 30, 2025Dec 31, 2025$0.22
Sep 29, 2025Sep 30, 2025$0.22
Jun 27, 2025Jun 30, 2025$0.21
Mar 28, 2025Mar 31, 2025$0.22
Dec 30, 2024Dec 31, 2024$0.22
Sep 27, 2024Sep 30, 2024$0.21
Jun 28, 2024Jul 1, 2024$0.21
Mar 28, 2024Apr 2, 2024$0.23
Dec 28, 2023Jan 2, 2024$0.23

See all 85 payments⁠

$10,000 in FFIU 5 years ago paid $1,597 in dividends.⁠

FFIU Risk

Risk pillarD30 out of 100Rank 107 of 116 in US Aggregate Bond
How much the fund’s monthly returns vary, scaled to a year.
7.4%
Annualised · 36 months to Oct 2026
How it’s calculated: standard deviation

The sample standard deviation of monthly total returns, multiplied by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.

Return above 3-month US Treasury bills per unit of volatility.
0.13
vs 3-month T-bills · to Oct 2026
How it’s calculated: Sharpe ratio

Subtract each month’s Treasury-bill return from the fund’s monthly total return.

Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.

The largest fall from a peak to the low that followed.
−20.1%
Trough Oct 2022
How it’s calculated: maximum drawdown

The largest percentage decline from an earlier peak, using total returns with reinvested distributions.

Uses up to five years through the last close, with at least 12 months required.

How strongly the fund’s returns move with its asset-class index.
1.18
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

FMP measures it over up to five years of monthly returns.

FFIU Cost

Compare FFIU and BKAG

Overpaying vs BKAG, cheapest in US Aggregate Bond

$10,536

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • FFIU 0.53%

    $10,536

  • BKAG 0.00% Cheapest

    $0

$10,000
30 years

Cost over time

  • FFIU 0.53%
  • BKAG 0.00%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$2.5K$5K$7.5K$10K$12.5K051015202530FFIU $10,536BKAG $0

Year by year

YearFFIUBKAGOverpaying
10$953$0$953
20$3,658$0$3,658
30$10,536$0$10,536
How the 0.53% is worked out

Full fee 0.81%− waiver 0.28%= you pay 0.53%

The waiver ends Oct 31, 2027. After that the fee is 0.81% unless UVA renews it. Source: prospectus, Oct 2026.

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