Rareview Dynamic Fixed Income ETF
Key Statistics
Historical Performance
Total return including reinvested distributions, from adjusted closing prices.
Price History
Price history is being compiled for this fund.
Top Holdings
Top 25 holdings as of Mar 31, 2026 · source: SEC N-PORT. Full holdings & prospectus →
About RDFI
The Fund is a “fund of funds” that seeks to achieve its investment objective principallythrough investments in unaffiliated closed-end funds that are registered under the Investment Company Act of 1940, as amended(the “1940 Act”). Under normal market conditions, the Fund will invest at least 80% of its net assets (plus any borrowingsfor investment purposes) in fixed income closed-end funds trading at a discount or premium to their underlying net asset value(“NAV”) and that pay regular periodic cash distributions. Closed-endfunds are investment companies registered with the U.S. Securities and Exchange Commission (“SEC”) that issue a fixednumber of shares through an initial public offering, after which shares will typically be traded on an exchange such as the NewYork Stock Exchange (“NYSE”) or the Nasdaq National Market System. Unlike open-end investment companies, shares ofclosed-end funds are not redeemable by the fund on a daily basis. A share in a closed-end fund represents an investment in theunderlying assets held by the closed-end fund. A closed-end fund’s value increases or decreases due to various factors,including but not limited to general market conditions, the market’s confidence in the closed-end fund advisor’s abilityto generate desired investment returns, and investor confidence in the closed-end fund’s underlying assets. The Adviserseeks to select closed-end funds for the Fund’s portfolio whose shares are trading at a discount or premium relative totheir underlying NAV. A closed-end fund’s shares that are traded on an exchange may be bought or sold at a market pricethat is lower or higher than the per-share value of the closed-end fund’s underlying assets; when this occurs, the sharesare considered to be traded at a discount or premium, respectively. The Fund may generate income in the form of capital gainswhen the Fund sells shares of a closed-end fund whose shares the Fund initially purchased at discount and whose NAV has subsequentlymoved closer to the per-share value of its underlying assets. The Fund may also receive income generated from distributions fromits holdings in closed-end funds, and may employ a dividend capture strategy in which the Fund purchases shares of a closed-endfund just prior to the ex-dividend date to capture the dividend distribution, then selling it after the dividend is paid. TheAdviser will use a top-down macro-focused analysis to select closed-end funds that best fit within custom asset classes createdby the Adviser that seek to mimic broader fixed income investment classes. Examples of these asset classes include: (i) investment-gradecorporate bonds; (ii) high-yield corporate bonds; (iii) municipal bonds; (iv) convertible bonds; (v) leveraged loans; (vi)mortgage-backed securities; (vii) emerging market fixed income securities; and (viii) aggregate fixed income securities. Whilethe Fund may at times be invested in all of these asset classes, the Fund’s allocation to these asset classes may vary atthe Adviser’s discretion, and the Fund is not required to invest in all of the asset classes. The Adviser uses a quantitativeapproach to measure the relative discounted value or premium of each closed-end fund within an asset class to seek the closed-endfund investments which the Adviser believes have the potential to generate the highest levels of after-tax income. The Adviser’sweighting of each asset class will be determined by the top-down macro model’s measure of relative risk levels and expectedreturn. Throughits investments in closed-end funds that hold non-U.S. fixed income securities, the Fund may invest indirectly in foreign securities,including securities of issuers located in emerging markets. The Fund defines emerging markets as countries in the MSCI EmergingMarket Index or that we consider to be emerging markets based on our evaluation of their level of economic development or thesize and experience of their securities markets. Whilethe Fund will invest primarily in closed-end funds, the Fund may invest up to 30% of its assets in exchange traded funds (“ETFs”)that are representative of one of the Adviser’s custom asset classes if, in the Adviser’s discretion, the ETFs willprovide a better investment opportunity or liquidity for the asset class. The Fund, and the closed-end funds in which the Fundinvests, may invest in derivatives, including listed or over-the-counter index futures, options and swaps, for hedging purposesto mitigate interest rate, equity, credit, commodity, currency and volatility risks. The Fund may invest in cash and cash equivalentsto offset leverage, credit, and interest rate exposure within the Fund’s holdings in closed-end funds. The Fund may investin an affiliated money market fund that is also advised by the Adviser. TheAdviser may sell or reduce the Fund’s position in a holding for a variety of reasons when appropriate and consistent withthe Fund’s investment objectives and policies, or when the holding no longer meets the Adviser’s investment selectioncriteria. Generally, the Fund will sell or reduce its position in a closed-end fund when its discount-to-NAV has reverted to orhas moved significantly above its fair value, as determined by the Adviser. The Fund may also sell or reduce its positions whenattempting to rebalance the distribution of Fund assets among asset classes in the interest of affecting the Fund’s relativerisk levels and expected returns. Inmanaging the Fund’s portfolio, the Adviser will engage in frequent portfolio transactions, resulting in a higher portfolioturnover rate.
RDFI News
- Technical Reactions to RDFI Trends in Macro Strategies
- Trading the Move, Not the Narrative: (RDFI) Edition
- (RDFI) Volatility Zones as Tactical Triggers
- Rareview Dynamic Fixed Income ETF (BATS:RDFI) Short Interest Update
- (RDFI) Volatility Zones as Tactical Triggers
- Rareview Dynamic Fixed Income ETF (BATS:RDFI) Sees Large Decline in Short Interest
- Price-Driven Insight from (RDFI) for Rule-Based Strategy
- (RDFI) Price Dynamics and Execution-Aware Positioning
- USM opens digital forensics lab to aid rural law enforcement
Data for RDFI is aggregated from third-party providers (Tiingo, Nasdaq, Finnhub) and SEC filings, may be delayed at least 20 minutes, and may be incomplete or contain errors. Nothing here is investment advice. Verify with the official prospectus before investing.