F/m High Yield 100 ETF
$50.70−0.23 (−0.44%)
- Expense ratio
- 0.39%
- Fund size
- $16M
- 1Y return
- +3.1%
- Yield · Last 12 months
- 6.29%
- Holdings
- 102
- Volume · 30D
- 0M sh
- NAV per share
- $50.83
- 52W range
The ETF.net ZTOP Grade
Score 62 of 100 sits in the B 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.BScore 58Category rankMission
How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.AScore 100Category rankRisk
How violently it can move — volatility, drawdown depth, and downside capture versus its category.CScore 51Category rankTradability
How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.DScore 34Category rankHoldings
What it actually owns — the quality, breadth, and concentration of the underlying portfolio.BScore 62Category rankDurability
Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.DScore 29Category rank
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
- 102
- 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.
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 | ZTOP |
|---|---|
| Year to date | +1.9% |
| 1 month | −0.3% |
| 3 months | +0.2% |
| 1 year | +3.1% |
| 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 | +1.9% | |
| 2025 | +8.8% |
ZTOP in the news
ETF.net Research hasn’t filed on ZTOP yet — coverage lands here as it’s written.
ZTOP Dividends
- 6.29%
- $3.20
- $0.25 per share
- Monthly
Distribution history
| Ex-date | Pay date | Amount per share |
|---|---|---|
| Sep 16, 2026 | Sep 17, 2026 | $0.25 |
| Aug 18, 2026 | Aug 19, 2026 | $0.25 |
| Jul 16, 2026 | Jul 17, 2026 | $0.26 |
| Jun 16, 2026 | Jun 17, 2026 | $0.27 |
| May 18, 2026 | May 19, 2026 | $0.28 |
| Apr 16, 2026 | Apr 17, 2026 | $0.29 |
| Mar 17, 2026 | Mar 18, 2026 | $0.28 |
| Feb 17, 2026 | Feb 18, 2026 | $0.27 |
| Jan 16, 2026 | Jan 20, 2026 | $0.13 |
| Dec 30, 2025 | Dec 31, 2025 | $0.12 |
| Dec 16, 2025 | Dec 17, 2025 | $0.26 |
| Nov 18, 2025 | Nov 19, 2025 | $0.26 |
ZTOP Risk
- 2.5%
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.
- 1.12
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.
- −2.5%
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
- The middle half of US High Yield funds
- Median 0.43%
29 of the 84 US High Yield funds charge less.