Rareview Dynamic Fixed Income ETF
$21.40+0.02 (+0.09%)
- 4.23%
- $81M
- −3.1%
- 9.08%
- 0M sh
- $21.50
- low $21.18high $25.62
The ETF.net RDFI Grade
Score 38 out of 100
- 6 of 7
Score 38 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.C41 out of 100Rank 7 of 7Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.C53 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.C46 out of 100Rank 6 of 7
Our read on RDFI
DMost bond ETFs buy bonds. RDFI buys closed-end bond funds, actively rotating across fixed-income corners for total return with an emphasis on current income. A niche strategy in an ETF wrapper, with a fee stack to match.
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
- Goes where most bond ETFs don't: fixed-income closed-end funds, bundled into one ticker instead of screening and holding a basket of them yourself.
- Actively run, with room to shift allocations across fixed-income segments rather than sit inside one index sleeve.
- Current income is the stated priority, not a byproduct, and distributions are paid monthly.
- Trading since 2020, so the approach has a multi-year record inside the ETF wrapper.
Worth knowing
- Cost is the headline trade-off: a 4.46% expense ratio, many times the typical bond ETF in this group, because a fund that owns funds carries layered fees.
- Small asset base and thin trading, so spreads can widen and sizable orders need patience and limit prices.
- Price swings have run hotter than most funds in its bond peer group, so it behaves less like a plain core bond holding.
RDFI Holdings
- Bonds
- 41
- 44%
- BTZ
Sectors
- Financials48.0%
- Energy37.6%
- Utilities5.0%
- Real Estate4.3%
- Industrials2.6%
- Consumer Discretionary0.8%
- Communication0.5%
- Consumer Staples0.4%
- Health Care0.4%
- Materials0.3%
- Technology0.3%
Geography
- United States100.00%
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 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.
| Period | RDFI |
|---|---|
| Year to date | −4.2% |
| 1 month | −5.1% |
| 3 months | −7.6% |
| 1 year | −3.1% |
| 3 years | +9.6% |
| 5 years | +1.3% |
| 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 | −4.2% | |
| 2025 | +9.8% | |
| 2024 | +13.2% | |
| 2023 | +8.6% | |
| 2022 | −17.1% | |
| 2021 | +12.5% | |
| 2020 | +7.9% |
RDFI in the news
No ETF.net Research article names RDFI yet.
RDFI Dividends
- 9.08%
- $1.94
- $0.16 per share
- Monthly
Distribution history
RDFI Risk
- 10.4%
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.
- 0.50
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.
RDFI Cost
- The middle half of Closed-End Fund Portfolios funds
- Median 2.76%
Every other Closed-End Fund Portfolios fund charges less.
Other funds in Closed-End Fund Portfolios
- BCCEFCalamos CEF Income & Arbitrage ETFExpense ratio 0.74%1 year return +8.9%
- BPCEFInvesco CEF Income Composite ETFExpense ratio 2.76%1 year return +5.9%
- CCEFSSaba Opportunistic Hedged Closed-End Funds ETFExpense ratio 1.11%1 year return +16.3%
- CYYYAmplify CEF High Income ETFExpense ratio 3.23%1 year return +1.0%
- DCEFZRiverNorth Active Income ETFExpense ratio 2.82%1 year return +7.7%