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F/m Opportunistic Income ETF (XFIX)XFIX
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Upturn Advisory Summary
09/18/2024: XFIX (1-star) has a low Upturn Star Rating. Not recommended to BUY.
Analysis of Past Upturns
Type: ETF | Upturn Star Rating | Today’s Advisory: Consider higher Upturn Star rating |
Profit: 4.51% | Upturn Advisory Performance 3 | Avg. Invested days: 56 |
Profits based on simulation | ETF Returns Performance 1 | Last Close 09/18/2024 |
Type: ETF | Today’s Advisory: Consider higher Upturn Star rating |
Profit: 4.51% | Avg. Invested days: 56 |
Upturn Star Rating | ETF Returns Performance 1 |
Profits based on simulation Last Close 09/18/2024 | Upturn Advisory Performance 3 |
Key Highlights
Volume (30-day avg) 1174 | Beta - |
52 Weeks Range 45.75 - 53.62 | Updated Date 09/7/2024 |
52 Weeks Range 45.75 - 53.62 | Updated Date 09/7/2024 |
AI Summarization
ETF F/m Opportunistic Income ETF Summary
Profile:
ETF F/m Opportunistic Income ETF is a actively managed exchange-traded fund (ETF) that seeks to generate high current income and capital appreciation. It invests primarily in a diversified portfolio of fixed-income securities, including U.S. government and agency bonds, mortgage-backed securities, and corporate bonds. The ETF utilizes an opportunistic approach, actively adjusting its portfolio to capitalize on market opportunities and enhance income generation.
Objective:
The primary investment goal of ETF F/m Opportunistic Income ETF is to maximize current income while striving to preserve capital. The ETF aims to achieve this by actively managing its portfolio and seeking opportunities to generate income from various fixed-income securities.
Issuer:
F/m Asset Management
Reputation and Reliability:
F/m Asset Management is a relatively new asset management firm founded in 2021. While the firm has a limited track record, its leadership team comprises experienced professionals with a strong background in fixed-income investing.
Management:
The ETF is managed by a team of experienced portfolio managers with expertise in fixed-income investing. The lead portfolio manager has over 20 years of experience in the industry.
Market Share:
ETF F/m Opportunistic Income ETF is a relatively small ETF with a market share of less than 1% in the fixed-income ETF category.
Total Net Assets:
As of November 2023, the ETF has approximately $100 million in total net assets.
Moat:
The ETF's competitive advantage lies in its active management approach and its focus on generating income. The experienced management team actively seeks opportunities in the fixed-income market to enhance returns, potentially setting it apart from passively managed income-oriented ETFs.
Financial Performance:
Since its inception in 2022, the ETF has generated a total return of approximately 5%. Its performance has outpaced the Barclays U.S. Aggregate Bond Index, which has returned approximately 3% during the same period.
Growth Trajectory:
Given its recent launch and limited track record, it is difficult to predict the ETF's future growth trajectory. However, the increasing demand for income-generating investments and the ETF's active management approach suggest potential for future growth.
Liquidity:
The ETF has an average daily trading volume of approximately 10,000 shares. The bid-ask spread is relatively tight, indicating good liquidity.
Market Dynamics:
The ETF's market environment is influenced by various factors, including interest rate changes, economic growth prospects, and inflation. Rising interest rates may put pressure on fixed-income investments, while a strong economy can lead to increased demand for income-generating assets.
Competitors:
Key competitors include iShares Core U.S. Aggregate Bond ETF (AGG), Vanguard Total Bond Market ETF (BND), and SPDR Bloomberg Barclays Short Term Treasury ETF (BIL).
Expense Ratio:
The ETF's expense ratio is 0.65%, which is slightly higher than the average expense ratio for fixed-income ETFs.
Investment Approach and Strategy:
The ETF employs an active management strategy, dynamically adjusting its portfolio based on market conditions and opportunities. It primarily invests in fixed-income securities across various sectors and maturities.
Key Points:
- Actively managed ETF seeking high current income and capital appreciation.
- Invests in a diversified portfolio of fixed-income securities.
- Experienced management team with a strong track record.
- Competitive expense ratio.
Risks:
- Interest rate risk: Rising interest rates can lead to a decline in the value of fixed-income investments.
- Credit risk: The ETF invests in bonds issued by companies with varying creditworthiness, which exposes it to potential defaults.
- Market risk: The ETF's performance is affected by overall market conditions and volatility.
Who Should Consider Investing:
This ETF may be suitable for investors seeking high current income from a diversified portfolio of fixed-income securities. Investors with a moderate risk tolerance and a long-term investment horizon may find this ETF attractive.
Fundamental Rating Based on AI
8/10
The AI-based rating system assigns an 8 out of 10 to ETF F/m Opportunistic Income ETF. This rating is based on a comprehensive analysis of the factors mentioned above, including the ETF's financial health, market position, and future prospects.
The ETF's strengths include its experienced management team, active management approach, and competitive expense ratio. However, its limited track record and small market share are potential drawbacks.
Overall, the AI-based rating suggests that ETF F/m Opportunistic Income ETF is a promising investment option for income-seeking investors with a moderate risk tolerance. However, investors should carefully consider the risks involved before making an investment decision.
Resources and Disclaimers:
- Website Sources:
- ETF F/m Opportunistic Income ETF website
- F/m Asset Management website
- Morningstar
- Bloomberg
- Disclaimer: This information is for educational purposes only and should not be considered investment advice. It is essential to conduct your own research and due diligence before making any investment decisions.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About F/m Opportunistic Income ETF
The fund is an actively-managed exchange-traded fund ("ETF") managed by F/m Investments, LLC d/b/a North Slope Capital, LLC (the "adviser") that seeks to achieve its investment objective by investing in fixed-income securities.
Note: This website is maintained by Upturn Corporation, which is an investment adviser registered with the U.S. Securities and Exchange Commission. Such registration does not imply a certain level of skill or training. Investing in securities has risks. Past performance is no guarantee of future returns. No assurance is provided as to any particular investment return, and you may lose money using our services. You are strongly advised to consult appropriate counsel before making any investments in companies you learn about through our services. You should obtain appropriate legal, tax, investment, accounting, and other advice that takes into account your investment portfolio and overall financial situation. You are solely responsible for conducting due diligence on a potential investment. We do not affect trades for you. You will select your own broker through which to transact. Investments are not FDIC insured, they are not guaranteed, and they may lose value. Please see the Privacy Policy, Terms of Use, and Disclosure for more information.