F/m Investments Launches F/m Opportunistic Income ETF (XFIX)
- Expansion of access to top percentile strategy
- Flexible array of investments
- None.
Firm brings long-term top-percentile SMA strategy to an ETF
XFIX seeks to maximize total return, including both income and appreciation, by identifying undervalued and opportunistic sectors and securities in the US fixed income markets. It utilizes a “go anywhere” domestic approach to seek higher levels of total return compared to sector-specific or target-duration strategies. XFIX invests in a flexible array of investments, including investment grade and high yield corporate and municipal bonds, US Government and agency securities, mortgage-backed securities and preferred stocks, and specialty issues, including
“We are pleased to offer XFIX as an actively managed ETF and make this strategy, previously only available in a separately managed account, broadly available to investors,” said Alexander Morris, Chief Investment Officer of F/m.
XFIX employs a dynamic investment process utilizing several points of emphasis:
- Search for relative value across the yield curve, credit spectrum, and individual issues.
- Implement opportunities through targeted security selection and nimble trading.
- Seek to realize profits when positions have achieved full value in the managers’ judgment.
- Redeploy capital in an ongoing search for relative value.
The lead portfolio manager of the ETF will be Peter Baden, creator and manager of the corresponding SMA strategy since its inception in 2009.
“My portfolio management team and I will follow the same process in the ETF that has served our SMA clients since 2009,” said Baden. “We believe we are well positioned to continue taking advantage of macroeconomic shifts that can create attractive fixed income investment opportunities.”
F/m Investments is launching XFIX through its affiliate North Slope Capital, a white-label ETF and mutual fund issuer who first burst onto the ETF scene last August with the US Benchmark Series, an innovative suite of ETFs designed to simplify investing in Treasuries. North Slope has quickly become one of the fastest growing white-label solutions within the ETF and Mutual Fund space, accumulating over
“XFIX builds upon our innovative US Treasury ETF suite and recent novel mutual fund exemptive relief application,” said Morris. “We look forward to more innovation and ETFs from our team.”
About F/m Investments
F/m Investments is a registered investment advisor and an affiliate of Diffractive Managers Group, a multi-affiliate asset manager and centralized distribution and operations platform whose affiliates manage more than
About North Slope Capital:
North Slope Capital is a White-label RIA, specializing in product development, marketing, and compliance. Leveraging decades of experience in the distribution of funds and compliance-related matters, North Slope is uniquely positioned as a customizable turnkey solution for boutique managers looking to navigate the ETF or Mutual fund landscape.
Investors should consider the investment objectives, risks, charges and expenses carefully before investing. For a prospectus or summary prospectus with this and other information about the Fund, please call (888)123-4589 or visit our website at www.ustreasuryetf.com. Read the prospectus or summary prospectus carefully before investing.
Risks:
As with all ETFs, Shares may be bought and sold in the secondary market at market prices. Interest rate risk is the risk of losses attributable to changes in interest rates. In general, if prevailing interest rates rise, the values of debt instruments tend to fall, and if interest rates fall, the values of debt instruments tend to rise.
Fund Risks: Fixed-Income Market Risk. The market value of a fixed income security may decline due to general market conditions that are not specifically related to a particular issuer, such as real or perceived adverse economic conditions, changes in the outlook for corporate earnings, changes in interest or currency rates or adverse investor sentiment generally. Interest Rate Risk. Interest rate risk is the risk of losses attributable to changes in interest rates. In general, if prevailing interest rates rise, the values of debt instruments tend to fall, and if interest rates fall, the values of debt instruments tend to rise.
Mortgage and Asset-Backed Securities Risk. The Fund may invest in mortgage and asset backed securities, which represent pools of mortgages or other assets, including consumer loans or receivables held in trust. In a period of rising interest rates, these securities may exhibit additional volatility. Preferred Stock Risk. A preferred stock may decline in price, or fail to pay dividends when expected, because the issuer experiences a decline in its financial status.
Derivatives Risk. A derivative is an instrument with a value based on the performance of an underlying currency, security, index or other reference asset. The use of derivatives involves risks different from, or greater than, the risks associated with investing in more traditional investments. Derivatives involve costs, may create leverage, and may be illiquid, volatile, and difficult to value.
Duration is a measure of the sensitivity of the price of a bond or other debt instrument to a change in interest rates.
Quasar Distributors, LLC, distributor. Quasar Distributors, LLC is not affiliated with the RBB Fund, Inc or F/m Investments, LLC.
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1 For further information on performance for the existing SMA, please refer to Appendix A in the Prospectus.
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For The US Benchmark Series and F/m Investments
Lyceus Group
Tucker Slosburg
206-635-4196
tslosburg@lyceusgroup.com
Source: F/m Investments LLC
