F/m Opportunistic Income ETF
$50.40−0.10 (−0.21%)
- Expense ratio
- 0.40%
- Fund size
- $46M
- 1Y return
- —
- Yield · Last 12 months
- 5.16%
- Holdings
- 64
- Volume · 30D
- 0M sh
- NAV per share
- $50.50
- 52W range
The ETF.net ZHOG Grade
Score 47 of 100 sits in the C 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 36Category rankMission
How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.BScore 65Category rankRisk
How violently it can move — volatility, drawdown depth, and downside capture versus its category.BScore 56Category rankTradability
How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.CScore 40Category rankHoldings
What it actually owns — the quality, breadth, and concentration of the underlying portfolio.DScore 37Category rankDurability
Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.CScore 40Category rank
Our read on ZHOG
CA go-anywhere active bond fund in a corner of the market ruled by cheap index trackers: roughly 60 positions across corporate, muni, mortgage and preferred paper, held short in duration and investment grade on average, paying monthly.
The Fund seeks attractive income by identifying undervalued and opportunistic sectors and securities in U.S. fixed-income markets, while generally limiting duration and maintaining average investment-grade credit quality.
Why people hold it
- Genuinely active, not an index in disguise. The manager can roam investment-grade corporates, munis, high yield, government and agency paper, mortgage bonds and preferreds as opportunities shift.fminvest.com
- Two guardrails on the roaming: the fund generally limits duration and keeps average credit quality investment grade, a milder rate-risk profile than a full aggregate bond index fund.fminvest.com
- Income arrives monthly, and with about 60 positions the manager's calls actually show up in the portfolio instead of being diluted across thousands of bonds.
Worth knowing
- Flexibility costs: 0.40% a year, above the cohort median of 0.36% and more than ten times the 0.03% charged by index anchors like BND and SPAB.
- A small fund that trades thinly. Spreads tend to be wider than on the mega-cap bond trackers, so the order type you use matters more here.
- Short paper trail: it launched in 2023 and traded as XFIX until a January 2026 ticker change to ZHOG (same fund, same CUSIP), so older charts and data sit under the old symbol.fminvest.com
ZHOG Holdings
- Bonds
- 64
- 47%
- ZTRE
Geography
- United States100.00%
ZHOG 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 | ZHOG |
|---|---|
| Year to date | +0.5% |
| 1 month | −0.8% |
| 3 months | −0.2% |
| 1 year | — |
| 3 years | — |
| 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 | ZHOG |
|---|---|---|
| 2026 YTD | +0.5% | |
| 2025 | +0.5% |
ZHOG in the news
ETF.net Research hasn’t filed on ZHOG yet — coverage lands here as it’s written.
ZHOG Dividends
- 5.16%
- $2.61
- $0.26 per share
- Monthly
Distribution history
| Ex-date | Pay date | Amount per share |
|---|---|---|
| Aug 27, 2026 | Aug 28, 2026 | $0.26 |
| Jul 28, 2026 | Jul 29, 2026 | $0.27 |
| Jun 29, 2026 | Jun 30, 2026 | $0.18 |
| May 28, 2026 | May 29, 2026 | $0.20 |
| Apr 28, 2026 | Apr 29, 2026 | $0.20 |
| Mar 30, 2026 | Mar 31, 2026 | $0.19 |
| Feb 26, 2026 | Feb 27, 2026 | $0.21 |
| Jan 29, 2026 | Jan 30, 2026 | $0.22 |
| Dec 30, 2025 | Dec 31, 2025 | $0.20 |
| Dec 2, 2025 | Dec 3, 2025 | $0.22 |
| Nov 3, 2025 | Nov 4, 2025 | $0.22 |
| Oct 1, 2025 | Oct 2, 2025 | $0.23 |
ZHOG Risk
- —
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.
- —
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.
- —
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.
- 0.23
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
ZHOG Cost
- The middle half of US Aggregate Bond funds
- Median 0.34%
73 of the 112 US Aggregate Bond funds charge less.