First-Year Review
Hartford Dynamic Bond ETF's first year: coupons covered a 3.9% slide
Day Hagan Smart Sector Fixed Income ETF
$20.36+0.02 (+0.10%)
- 0.76%
- $28M
- −2.6%
- 3.94%
- 0M sh
- $20.34
- low $20.22high $21.84
The ETF.net SSFI Grade
D
Score 40 out of 100
- 13 of 25
Score 40 of 100 falls in the C band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25. The letter stays D for now. A new letter must hold for 3 published runs before it replaces it.
Cost
The fund’s net expense ratio, ranked against its category.D29 out of 100Rank 17 of 25Mission
Whether the fund did what it promised, tested against its stated mandate.C51 out of 100Rank 13 of 14Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.D32 out of 100Rank 17 of 20Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.C49 out of 100Rank 15 of 25Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.D39 out of 100Rank 19 of 25Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.C52 out of 100Rank 15 of 25
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
- 11
- 99%
- 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.
Not enough history yet.
SSFI$9,743
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 | SSFI |
|---|---|
| Year to date | −2.8% |
| 1 month | −1.2% |
| 3 months | −3.0% |
| 1 year | −2.6% |
| 3 years | +3.6% |
| 5 years | −0.8% |
| 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 | −2.8% | |
| 2025 | +6.6% | |
| 2024 | +1.1% | |
| 2023 | +4.3% | |
| 2022 | −12.8% | |
| 2021 | +0.8% |
SSFI in the news
SSFI Dividends
- 3.94%
- $0.80
- $0.21 per share
- Quarterly
Distribution history
SSFI Risk
- 5.3%
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.
- −0.24
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
0.76%
SSFI0.76%
- The middle half of Multi-Sector Bond Income funds
- Median 0.55%
15 of the 23 Multi-Sector Bond Income funds charge less.
Other funds in Multi-Sector Bond Income
- CWTBNWisdomTree Bianco Total Return FundExpense ratio 0.50%1 year return −3.0%
- CNBFCNeuberger Berman Flexible Credit Income ETFExpense ratio 1.08%1 year return +3.4%
- DDYFIIDX Dynamic Fixed Income ETFExpense ratio 1.13%1 year return +0.4%
- DRTRECollaborative Investment Series Trust - Rareview Total Return Bond ETFExpense ratio 1.33%1 year return −3.0%
- DFOPCThe Advisors' Inner Circle Fund II - Frontier Asset Opportunistic Credit ETFExpense ratio 0.87%1 year return −1.2%