F/m High Yield 100 ETF
$49.94−0.10 (−0.20%)
- 0.39%
- $16M
- +2.7%
- 6.40%
- 0M sh
- $50.03
- low $49.53high $52.69
The ETF.net ZTOP Grade
B
Score 63 out of 100
- 33 of 85
Score 63 of 100 falls in the B 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.B58 out of 100Rank 31 of 85Mission
Whether the fund did what it promised, tested against its stated mandate.A100 out of 100Rank 1 of 74Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.B59 out of 100Rank 19 of 85Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.D35 out of 100Rank 65 of 85Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.B55 out of 100Rank 46 of 85Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.D29 out of 100Rank 75 of 85
Our read on ZTOP
BMost junk-bond funds sample the whole market. This one holds only the 100 largest, most liquid US high-yield issuers, weights them equally, and reshuffles monthly. A quality screen, not a market cross-section.
The Fund seeks before-fee-and-expense results that generally correspond to the price and yield performance of the Bloomberg U.S. High Yield Top 100 Quality Select Equal Weighted Index.
Why people hold it
- Equal weighting means no single borrower dominates, and the index is reconstituted and rebalanced monthly to stay on the biggest, most liquid issuers.businesswire.comfminvest.com
- The index rules screen out pay-in-kind and zero-coupon bonds, the corners of junk where cash actually stops showing up.assets.bbhub.io
- The 0.39% fee sits right at the high-yield category median, and the fund pays monthly.
- The portfolio matches its stated mandate closely, and it lands in the upper half of a crowded high-yield field.
Worth knowing
- Plain-vanilla rivals cost a fraction of this: SCYB, SPHY and USHY all price under a tenth of a percent. The screen is what you are paying up for.
- Launched in 2025, so it has not yet traded through a full credit cycle, and its history is short next to the category's veterans.
- Concentrating on the largest issuers tilts the portfolio up in credit quality and away from the deep-discount, lower-rated end of junk.fminvest.cometftrends.com
ZTOP Holdings
- Bonds
- 101
- 11%
- Cash & Other
ZTOP Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
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ZTOP$10,268
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 | ZTOP |
|---|---|
| Year to date | +0.2% |
| 1 month | −1.5% |
| 3 months | −1.6% |
| 1 year | +2.7% |
| 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 | ZTOP |
|---|---|---|
| 2026 YTD | +0.2% | |
| 2025 | +8.8% |
ZTOP in the news
ZTOP Dividends
- 6.40%
- $3.20
- $0.25 per share
- Monthly
Distribution history
ZTOP Risk
- 3.7%
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.
- 0.13
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.
- −2.9%
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.
- 0.17
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
ZTOP Cost
0.39%
ZTOP0.39%
- The middle half of US High Yield funds
- Median 0.43%
30 of the 85 US High Yield funds charge less.
Other funds in US High Yield
- BCGHYCapital Group High Yield Bond ETFExpense ratio 0.39%1 year return +2.4%
- BEVHYEaton Vance High Yield ETFExpense ratio 0.48%1 year return +3.3%
- BHYFIAlliance Bernstein - AB High Yield ETFExpense ratio 0.40%1 year return +3.0%
- BHYSPIMCO 0-5 Year High Yield Corporate Bond Index Exchange-Traded FundExpense ratio 0.56%1 year return +3.1%
- BEUHYiShares, Inc. - iShares Euro High Yield Corporate Bond USD Hedged ETFExpense ratio 0.35%1 year return +2.1%