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Launched · SEC filings

F/m Opportunistic Income ETF

ZHOGNasdaqF/mC

$50.22+0.04 (+0.07%)

At close: Nov 2, 2026, 4:00 PM ET

C47/ 100

Rank 88 of 116 in US Aggregate Bond

C47/100Rank 88 of 116inUS Aggregate Bond
Intraday session: up, 78 prints from 50.19 to 50.22. Range 50.22 to 50.28. Use the arrow keys to read each point.50.2050.2450.2650.2810 AM12 PM2 PM4 PM
Expense ratio
0.43%
Fund size
$45M
1Y total return
No data
Yield · Last 12 months
5.58%
Holdings
63
Avg volume · 30D
1.72K sh
52W range
low $49.80high $52.20
Launched
Filings
SEC EDGAR

The ETF.net ZHOG Grade

C

Score 47 out of 100

Category
US Aggregate Bond⁠
Rank
88 of 116
Six-pillar profile for ZHOG. Scores out of 100: Cost 28, Risk 70, Mission 66, Tradability 43, Holdings 37, Durability 41. Strongest: Risk (70). Weakest: Cost (28). Leans toward Risk and Mission.

Score 47 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.

  • Cost

    The fund’s net expense ratio, ranked against its category.
    D28 out of 100
    Rank 83 of 115

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    B66 out of 100
    Rank 94 of 100

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    A70 out of 100
    Rank 12 of 116

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    C43 out of 100
    Rank 74 of 116

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    D37 out of 100
    Rank 91 of 115

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    C41 out of 100
    Rank 80 of 116

Our read on ZHOG

ETF.net Research

In short

CA go-anywhere active bond fund in a category ruled by index trackers. F/m's team roams U.S. fixed income for relative value, keeps duration short and average credit quality investment grade, and pays monthly. Fee: 0.43%, no waiver.

Stated mandate

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

  • Active and unconstrained: the mandate hunts undervalued sectors and securities across U.S. fixed income while generally limiting duration and keeping average credit quality investment grade.fminvest.com
  • A focused book of roughly 60 positions, so the holdings list is short enough to actually read and see where the managers are leaning.
  • Income is paid out monthly.
  • Since January 1, 2026 it measures itself against the Bloomberg Short-Term U.S. Aggregate Index, a short-duration yardstick, while staying actively managed rather than tracking it.fminvest.com

Worth knowing

  • At 0.43% (gross and net, no fee waiver) it sits above the category median, and well above index anchors like AGG, BND and SCHZ at 0.03%.
  • A small fund that trades lightly, so spreads and order size matter more here than with the category's giants.
  • Outcomes ride on the team's calls, and that team was reshuffled effective January 1, 2026. The fund itself only launched in 2023.fminvest.com

ZHOG Performance

Launched Sep 6, 2023

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.Not enough history yet.Not enough history yet.Not enough history yet.
ZHOG$10,076
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,169
Dec 31, 2025 to Oct 30, 2026. ZHOG $10,076. SPY $11,169. Use the arrow keys to read each point.$10,000$11,000Dec 2025Jun 2026Oct 2026

Dec 31, 2025 – Oct 30, 2026

Returns run to the Oct 30, 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.

Trailing total return for ZHOG. Periods over one year show the average yearly return.
PeriodZHOG
Year to date+0.8%
1 month+1.1%
3 months−0.1%
1 yearHistory unavailableNo data
3 yearsHistory unavailableper yearNo data
5 yearsFund is under 5 years oldper yearNo data
10 yearsFund is under 10 years oldper yearNo data

With distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for ZHOG
YearReturn barZHOG
2026 YTD+0.8%
2025+0.5%

History from Dec 8, 2025

ZHOG in the news

ZHOG Dividends

Adds up every distribution paid per share over the last 12 months, divided by the last completed close. Distributions are counted by ex-date. Data through Oct 30, 2026.
5.58%Last 12 months
Payout per share
$2.80Last 12 months
Last payment
$0.22 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Monthly

Distribution history

2023–2026

One bar per payment. 37 payments from 2023 to 2026 YTD. Nov 1, 2023 $0.40; Dec 1, 2023 $0.23; Dec 27, 2023 $0.26; Feb 1, 2024 $0.24; Mar 1, 2024 $0.22; Apr 1, 2024 $0.23; May 1, 2024 $0.26; Jun 3, 2024 $0.25; Jul 1, 2024 $0.22; Aug 1, 2024 $0.24; Sep 3, 2024 $0.23; Oct 1, 2024 $0.24; Nov 1, 2024 $0.24; Dec 2, 2024 $0.23; Dec 30, 2024 $0.24; Feb 3, 2025 $0.25; Mar 3, 2025 $0.28; Apr 1, 2025 $0.19; May 1, 2025 $0.20; Jun 2, 2025 $0.26; Jul 1, 2025 $0.26; Aug 1, 2025 $0.24; Sep 2, 2025 $0.22; Oct 1, 2025 $0.23; Nov 3, 2025 $0.22; Dec 2, 2025 $0.22; Dec 30, 2025 $0.20; Jan 29, 2026 $0.22; Feb 26, 2026 $0.21; Mar 30, 2026 $0.19; Apr 28, 2026 $0.20; May 28, 2026 $0.20; Jun 29, 2026 $0.18; Jul 28, 2026 $0.27; Aug 27, 2026 $0.26; Sep 28, 2026 $0.20; Oct 27, 2026 $0.22. Use the arrow keys to read each point.2023202420252026YTD
Ex-datePay dateAmount per share
Oct 27, 2026Oct 28, 2026$0.22
Sep 28, 2026Sep 29, 2026$0.20
Aug 27, 2026Aug 28, 2026$0.26
Jul 28, 2026Jul 29, 2026$0.27
Jun 29, 2026Jun 30, 2026$0.18
May 28, 2026May 29, 2026$0.20
Apr 28, 2026Apr 29, 2026$0.20
Mar 30, 2026Mar 31, 2026$0.19
Feb 26, 2026Feb 27, 2026$0.21
Jan 29, 2026Jan 30, 2026$0.22
Dec 30, 2025Dec 31, 2025$0.20
Dec 2, 2025Dec 3, 2025$0.22

See all 37 payments⁠

ZHOG Risk

Risk pillarA70 out of 100Rank 12 of 116 in US Aggregate Bond
How much the fund’s monthly returns vary, scaled to a year.
No data available
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.

Return above 3-month US Treasury bills per unit of volatility.
No data available
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.

The largest fall from a peak to the low that followed.
No data available
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.

How strongly the fund’s returns move with its asset-class index.
0.24
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

FMP measures it over up to five years of monthly returns.

ZHOG Cost

Compare ZHOG and BKAG

Overpaying vs BKAG, cheapest in US Aggregate Bond

$8,662

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • ZHOG 0.43%

    $8,662

  • BKAG 0.00% Cheapest

    $0

$10,000
30 years

Cost over time

  • ZHOG 0.43%
  • BKAG 0.00%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$2K$4K$6K$8K$10K051015202530ZHOG $8,662BKAG $0

Year by year

YearZHOGBKAGOverpaying
10$776$0$776
20$2,994$0$2,994
30$8,662$0$8,662

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