Rareview Dynamic Fixed Income ETF
$21.95−0.37 (−1.65%)
- Expense ratio
- 4.23%
- Fund size
- $86M
- 1Y return
- −0.9%
- Yield · Last 12 months
- 8.71%
- Holdings
- 42
- Volume · 30D
- 0M sh
- NAV per share
- $22.37
- 52W range
The ETF.net RDFI Grade
Score 36 of 100 sits in the D band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.
Cost
What you pay to own it — the expense ratio plus trading frictions, ranked within its category.FScore 8Category rankMission
How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.Not scoredRisk
How violently it can move — volatility, drawdown depth, and downside capture versus its category.CScore 44Category rankTradability
How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.DScore 38Category rankHoldings
What it actually owns — the quality, breadth, and concentration of the underlying portfolio.AScore 100Category rankDurability
Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.CScore 46Category rank
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
- 42
- 45%
- EDD
Sectors
- Financials48.3%
- Energy37.7%
- Utilities5.1%
- Real Estate3.9%
- Industrials2.7%
- Consumer Discr.0.8%
- Cons. Staples0.4%
- Health Care0.4%
- Materials0.3%
- Communication0.3%
- Technology0.3%
Geography
- United States96.94%
- Barbados3.06%
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 Sep 22, 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 | −0.7% |
| 1 month | −3.6% |
| 3 months | −2.5% |
| 1 year | −0.9% |
| 3 years | +9.8% |
| 5 years | +1.9% |
| 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 | −0.7% | |
| 2025 | +9.8% | |
| 2024 | +13.2% | |
| 2023 | +8.6% | |
| 2022 | −17.1% | |
| 2021 | +12.5% | |
| 2020 | +7.9% |
RDFI in the news
ETF.net Research hasn’t filed on RDFI yet — coverage lands here as it’s written.
RDFI Dividends
- 8.71%
- $1.94
- $0.16 per share
- Monthly
Distribution history
| Ex-date | Pay date | Amount per share |
|---|---|---|
| Sep 2, 2026 | Sep 3, 2026 | $0.16 |
| Aug 4, 2026 | Aug 5, 2026 | $0.16 |
| Jul 2, 2026 | Jul 6, 2026 | $0.16 |
| Jun 2, 2026 | Jun 3, 2026 | $0.16 |
| May 4, 2026 | May 5, 2026 | $0.16 |
| Apr 2, 2026 | Apr 6, 2026 | $0.16 |
| Mar 3, 2026 | Mar 4, 2026 | $0.16 |
| Feb 3, 2026 | Feb 4, 2026 | $0.16 |
| Jan 5, 2026 | Jan 6, 2026 | $0.16 |
| Dec 2, 2025 | Dec 3, 2025 | $0.16 |
| Nov 4, 2025 | Nov 5, 2025 | $0.16 |
| Oct 2, 2025 | Oct 3, 2025 | $0.16 |
RDFI Risk
- 9.9%
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.
- 0.61
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 1.11%
Every other Closed-End Fund Portfolios fund charges less.