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Launched

Man Active Income ETF

MANINYSE ArcaD

$25.57−0.10 (−0.41%)

As of Oct 13, 2026, 3:27 PM

D29/ 100

Rank 76 of 85 in US High Yield

D29/100Rank 76 of 85inUS High Yield
Intraday session: down, 3 prints from 25.68 to 25.57. Range 25.57 to 25.68. Use the arrow keys to read each point.25.6025.6225.6425.6610 AM12 PM2 PM4 PM
Expense ratio
0.85%
Fund size
$25M
1Y total return
+9.2%
Yield · Last 12 months
Data unavailable
Holdings
78
Avg volume · 30D
0M sh
NAV per share
$25.58
52W range
low $24.85high $26.29
Launched

The ETF.net MANI Grade

D

Score 29 out of 100

Category
US High Yield⁠
Rank
76 of 85
Six-pillar profile for MANI. Scores out of 100: Cost 5, Risk 83, Mission 34, Tradability 21, Holdings 28, Durability 25. Strongest: Risk (83). Weakest: Cost (5). Leans toward Risk.

Score 29 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.
    F5 out of 100
    Rank 81 of 85

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    D34 out of 100
    Rank 65 of 74

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    A83 out of 100
    Rank 1 of 85

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    F21 out of 100
    Rank 77 of 85

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    D28 out of 100
    Rank 74 of 85

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    D25 out of 100
    Rank 78 of 85

Our read on MANI

ETF.net Research

DAn income-first bond fund that runs on a manager's credit calls, not an index. Launched in 2025 into a high yield aisle dominated by ultra-cheap trackers, it is the active alternative, and priced like one.

Stated mandate

The Fund seeks current income, while capital growth is secondary.

Why people hold it

  1. 01Actively run with a clear hierarchy: current income first, capital growth second. No index to shadow, so the manager can move around the credit market.
  2. 02Pays income quarterly, with the prospectus committing to distributions at least annually.
  3. 03Plain 1940 Act fund structure: ordinary 1099 tax reporting, no K-1 to wait on.
  4. 04Its price swings so far sit among the steadier in the high yield group, though that read comes from a short history.

Worth knowing

  1. 01The fee is 0.85% a year, roughly double the typical high yield ETF, and index heavyweights like SPHY, USHY and SCYB charge a small fraction of that.
  2. 02A 2025 launch that is still small and thinly traded, so bid-ask spreads can be wide and every order moves a bigger share of the day's volume.
  3. 03Nothing here is on autopilot. Results hang on the manager's credit selection, and the fund has not yet seen a full credit cycle.

MANI Holdings

As of Oct 12, 2026
Asset class
Other
Holdings
78
Top-10 weight
34%
Largest holding
CHEPLAPHARM ARZNEIMITTEL GM 02/22/29 Term Loan4.6%

Geography

  • United States85.85%
  • Sweden4.88%
  • Spain3.95%
  • Norway3.25%
  • Australia1.30%
  • Canada0.76%
The fund’s holdings, weight-ordered — page 1 of 6.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001—CHEPLAPHARM ARZNEIMITTEL GM 02/22/29 Term Loan4.56%1,000,000$1M1
002—GB AIT 04/29/33 Term Loan4.08%1,000,000$1M1
003—Loan Team Services Holding In 01/31/33 Term Loan4.06%997,500$999K2
004—Cerdia Finanz Gmbh 9.375 10/3/20314.06%1,000,000$997K2
005—Bread Financial Hldgs3.48%35,675$856K2
006—Ivyh 7X ER3 Frn 10/15/20363.25%800,000$800K1
007—Cash and Net Current Assets2.79%0$686K4
008—Jcpdl 2025-2X E Frn 1/20/20382.65%650,000$651K1
009—Skydance Corp 8.75 10/15/20562.61%662,000$640K13
010—Siriuspoint Ltd Frn 9/22/20472.45%6,000,000$602K2
011—Yinson Production Financ 9.625 5/3/20292.13%500,000$524K4
012—Main Street Capital Corp 6.5 6/4/20272.04%500,000$502K7
013—GAINWELL ACQUISITION 08/19/31 Term Loan2.04%500,000$502K1
014—Future PLC 6.75 7/10/20302.03%406,000$499K2
015—CAVALIER ACQUISITION CORP 08/11/33 Term Loan2.02%500,000$498K1

Showing 1–15 of 78 holdings

MANI Performance

Launched Sep 16, 2025

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.Not enough history yet.Not enough history yet.
MANI$10,920
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$12,044
Oct 10, 2025 to Oct 12, 2026. MANI $10,920. SPY $12,044. Use the arrow keys to read each point.$9,547$10,896$12,245Oct 2025Apr 2026Oct 2026

Oct 10, 2025 – Oct 12, 2026

Returns run to the Oct 12, 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 MANI. Periods over one year show the average yearly return.
PeriodMANI
Year to date+6.3%
1 month+0.3%
3 months+1.6%
1 year+9.2%
3 yearsFund is under 3 years oldper year—
5 yearsFund is under 5 years oldper year—
10 yearsFund is under 10 years oldper year—

As of the close, 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 MANI
YearReturn barMANI
2026 YTD+6.3%
2025+2.4%

History from Sep 18, 2025

MANI in the news

Filtered to MANI · US High Yield

MANI Dividends

Last payment
$0.43 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Quarterly

Distribution data unavailable.

Distribution history

2025–2026

One bar per payment. 4 payments from 2025 to 2026 YTD. Dec 16, 2025 $0.75; Mar 25, 2026 $0.07; Jun 24, 2026 $0.38; Sep 24, 2026 $0.43. Use the arrow keys to read each point.20252026YTD
Ex-datePay dateAmount per share
Sep 24, 2026Sep 30, 2026$0.43
Jun 24, 2026Jun 30, 2026$0.38
Mar 25, 2026Mar 31, 2026$0.07
Dec 16, 2025Dec 31, 2025$0.75

MANI Risk

How much the fund’s monthly returns vary, scaled to a year.
1.8%
Annualised · 12 months to Sep 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.
2.61
vs 3-month T-bills · 12 months to Sep 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.
−0.9%
12 months · trough Oct 2026
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.
0.18
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.

MANI Cost

Expense ratio0.85%
  • The middle half of US High Yield funds
  • Median 0.43%

80 of the 85 US High Yield funds charge less.

MANI costs $85.00 a year on $10,000. The median US High Yield fund costs $43.00.

Other funds in US High Yield

See others