Day Hagan Smart Sector Fixed Income ETF
$20.64−0.19 (−0.93%)
- Expense ratio
- 0.76%
- Fund size
- $29M
- 1Y return
- −0.6%
- Yield · Last 12 months
- 3.68%
- Volume · 30D
- 0M sh
- NAV per share
- $20.84
- 52W range
The ETF.net SSFI Grade
Score 35 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.DScore 29Category rankMission
How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.CScore 50Category rankRisk
How violently it can move — volatility, drawdown depth, and downside capture versus its category.DScore 29Category rankTradability
How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.DScore 25Category rankHoldings
What it actually owns — the quality, breadth, and concentration of the underlying portfolio.DScore 33Category rankDurability
Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.CScore 52Category rank
Our read on SSFI
DA bond fund that refuses to sit still: Day Hagan runs Ned Davis Research models to shift weight across fixed-income sectors as cycles turn, instead of tracking one static aggregate index.
The fund seeks dynamic exposure to multiple fixed-income-market sectors across full market cycles.
Why people hold it
- The mandate is dynamic exposure across multiple fixed-income sectors over full market cycles, so weights shift with the models instead of staying pinned to one benchmark.
- Its hunting ground is global, not just US paper, which widens the menu of sectors the models can rotate through.
- A plain 1940 Act ETF wrapper with quarterly distributions: the tactical work happens inside a familiar, everyday structure.
Worth knowing
- 0.76% a year pays for the active overlay. Index core bond funds like BND and SPAB charge 0.03%, a standing cost gap the sector calls have to clear.
- It is a small fund that trades thinly, so spreads can run wider than at the category's giants and getting in or out costs a bit more.
- There is no published index to check it against. What you own reflects the models' current read, which can look quite different from a plain aggregate bond portfolio.
SSFI Holdings
- Bonds
- —
- 100%
- SPTI
Sectors
- Financials100.0%
Geography
- United States100.00%
SSFI 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 | SSFI |
|---|---|
| Year to date | −1.5% |
| 1 month | −1.0% |
| 3 months | −1.9% |
| 1 year | −0.6% |
| 3 years | +3.4% |
| 5 years | — |
| 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 | SSFI |
|---|---|---|
| 2026 YTD | −1.5% | |
| 2025 | +6.6% | |
| 2024 | +1.1% | |
| 2023 | +4.3% | |
| 2022 | −12.8% | |
| 2021 | +0.8% |
SSFI in the news
ETF.net Research hasn’t filed on SSFI yet — coverage lands here as it’s written.
SSFI Dividends
- 3.68%
- $0.77
- $0.22 per share
- Quarterly
Distribution history
| Ex-date | Pay date | Amount per share |
|---|---|---|
| Jun 29, 2026 | Jun 30, 2026 | $0.22 |
| Mar 30, 2026 | Mar 31, 2026 | $0.09 |
| Dec 29, 2025 | Dec 30, 2025 | $0.29 |
| Sep 29, 2025 | Sep 30, 2025 | $0.17 |
| Jun 27, 2025 | Jun 30, 2025 | $0.17 |
| Mar 28, 2025 | Mar 31, 2025 | $0.12 |
| Dec 27, 2024 | Dec 30, 2024 | $0.28 |
| Sep 27, 2024 | Sep 30, 2024 | $0.17 |
| Jun 27, 2024 | Jun 28, 2024 | $0.20 |
| Mar 27, 2024 | Apr 1, 2024 | $0.11 |
| Dec 27, 2023 | Dec 29, 2023 | $0.45 |
| Sep 27, 2023 | Sep 29, 2023 | $0.18 |
SSFI Risk
- 5.4%
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.
- −0.26
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.
- −16.1%
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.
- 0.94
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
SSFI Cost
- The middle half of Multi-Sector Bond Income funds
- Median 0.55%
15 of the 23 Multi-Sector Bond Income funds charge less.