F/m Compoundr High Yield Bond ETF (CPHY)
F/m Compoundr High Yield Bond ETF operates in the Asset Management - Bonds industry of the Financial Services sector, headquartered in Washington, DC, US. The stock last traded at $51.77, up 0.07% on the session, giving a market capitalisation of $2.1M. Its beta of 0.16 implies it has historically moved less than the broad market.
The fund's core objective is to mirror the total return generated by high-yield corporate bonds. Crucially, this is achieved without the reception or reinvestment of dividend income, as its strategy involves direct investment in other exchange-traded funds (ETFs). To realize this, under standard market conditions, F/m Investments LLC (the Adviser) commits at least 80% of the fund's net assets (plus any capital acquired through borrowing) to these underlying funds, which primarily hold high-yield debt.
F/m Compoundr High Yield Bond ETF is most often compared with the following Financial Services names: