Rareview Dynamic Fixed Income ETF
$21.84+0.07 (+0.32%)
- 4.23%
- $74M
- −2.2%
- 8.92%
- 19.1K sh
- low $21.18high $25.62
The ETF.net RDFI Grade
Score 39 out of 100
- 7 of 7
Score 39 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.F8 out of 100Rank 7 of 7Mission
Whether the fund did what it promised, tested against its stated mandate.Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.C42 out of 100Rank 6 of 7Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.B56 out of 100Rank 4 of 7Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.A100 out of 100Rank 1 of 7Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.C43 out of 100Rank 6 of 7
Our read on RDFI
In short
DA fund of closed-end bond funds with a hand on the wheel: Rareview buys CEFs trading away from their net asset value for the monthly cash, then short-sells Treasury futures when it wants less interest-rate risk.
Stated mandate
The Fund seeks total return with an emphasis on current income. It invests primarily in fixed-income closed-end funds and may vary allocations across several fixed-income segments.
Why people hold it
Worth knowing
RDFI Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
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.
| Period | RDFI |
|---|---|
| Year to date | −2.4% |
| 1 month | +1.2% |
| 3 months | −4.7% |
| 1 year | −2.2% |
| 3 years | +11.1% |
| 5 years | +1.6% |
| 10 years |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | RDFI |
|---|---|---|
| 2026 YTD | −2.4% | |
| 2025 | +9.8% | |
| 2024 | +13.2% | |
| 2023 | +8.6% | |
| 2022 | −17.1% | |
| 2021 | +12.5% | |
| 2020 | +7.9% |
RDFI in the news
RDFI Dividends
- 8.92%
- $1.94
- $0.16 per share
- Monthly
RDFI Risk
- 10.1%
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.
- 0.66
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.
- −23.5%
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.
- 1.49
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.
RDFI Cost
Overpaying vs CEFS, cheapest in Closed-End Fund Portfolios
$13,590
On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.
RDFI 4.23%
$53,424
CEFS 2.61% Cheapest
$39,834
Cost over time
Year by year
| Year | RDFI | CEFS | Overpaying |
|---|---|---|---|
| 10 | $6,529 | $4,305 | $2,224 |
| 20 | $21,425 | $15,082 | $6,343 |
| 30 | $53,424 | $39,834 | $13,590 |
Other funds in Closed-End Fund Portfolios
- BCEFSSaba Opportunistic Hedged Closed-End Funds ETFExpense ratio 2.61%1 year return +13.4%
- CYYYAmplify CEF High Income ETFExpense ratio 3.23%1 year return −0.5%
- CCEFZRiverNorth Active Income ETFExpense ratio 2.82%1 year return +5.6%
- CFCEFFirst Trust Income Opportunities ETFExpense ratio 3.69%1 year return +7.3%
- CCCEFCalamos CEF Income & Arbitrage ETFExpense ratio 3.19%1 year return +7.0%