ONE North American Core Plus Bond ETF
The ONE North American Core Plus Bond ETF seeks to provide a stable rate of return, primarily through income, and to a lesser extent, capital appreciation by investing in a portfolio consisting primarily of investment grade North American fixed-income securities issued by corporations, governments (federal and state/provincial) and government-related entities and agencies through direct purchases and/or ETFs.
- Gain core exposure to tactical North American fixed income
- Use to replace existing core fixed income holdings
- Use to satisfy demand for investment grade bond allocations
PRODUCT INFORMATION AND RESEARCH
|Management Expense Ratio||0.60%|
|Total Assets (000)||$92,505.25|
|Weighted Average Coupon||3.29|
|Average Years to Maturity||4.80|
|Effective Duration (a/o 10/17/2019)||3.66|
|Embedded Income Yield||2.44%|
|Average Yield to Maturity
|12-month Trailing Yield||N/A|
|Implied LiquidityTM (Units)||N/A|
|Implied Liquidity (000)||N/A|
|Related Total Return Index Ticker|
Net Asset Value
As of 10/17/2019Weight
* Subject to change without notice
Month End Performance
|2018 (Since Inception* to 12/31)||1.34%|
As of 10/17/2019Weight
|3. Foreign Cash||0.15%|
As of 10/17/2019Weight
|2. United States||7.67%|
|6. United Kingdom||0.65%|
Distribution Tax Characteristics
|Distribution Tax Characteristics|
- Management Expense Ratio (MER) – As reported on the Fund’s most recent Management Report of Fund Performance. MER is the total of the Fund’s management fee and operating expenses, including all waivers and absorptions, and is expressed as an annualized percentage of the average daily net asset value.
- 12-month Trailing Yield - The trailing yield is calculated by totaling cash distributions over the past 12 months and dividing by the Fund NAV from the as·of date. This figure is net of management fees and other fund expenses.
- Weighted Average Coupon - The mean of the coupon rate of the underlying bonds in a portfolio.
- Average Years to Maturity - The mean of the remaining term to maturity of the underlying bonds in contracts the portfolio.
- Effective Duration - This statistic provides a measure of the sensitivity of the Fund's price to changes in interest rate changes and is calculated as the weighted average of the individual bond durations. For each bond, it also addresses that interest rate changes can alter expected bond future cash flows through embedded options. The calculation is also expanded to incorporate the contribution of derivatives to the overall interest rate risk sensitivity to the portfolio.
- Average Yield to Maturity - The weighted average yield to maturity of a Fund's investments in money market securities and short-term fixed income securities as of a specified date. Yield to maturity is the rate of return generated on a fixed income instrument assuming interest payments and capital gains or losses as if the instrument is held to maturity. The weighted average yield is calculated based on the market value of each fixed-income investment. The calculation does not incorporate yield from any currency forward contracts that might be part of the Fund's investments and does not reflect Fund Expenses.
- Embedded Income Yield - The annualized rate of return generated by a Fund's investment in both fixed income securities and derivatives exclusive of interest rate changes and movement in foreign exchange spot rates. The calculation is intended to capture the Fund's potential to earn income return over the following year given current holdings and market conditions. The embedded income yield will differ from the portfolio's yield to maturity, due to the incorporation of derivatives in the embedded income yield. Embedded income yield and portfolio yield to maturity may differ from a Funds actual distribution and SEC yield and do not reflect Fund expenses.
- Distribution Yield - Distribution Yield is calculated by annualizing the most recent Fund distribution and dividing by the current Fund NAV. The yield represents a single distribution from the Fund and does not represent the total returns of the Fund.
- Quality – Credit ratings apply to the underlying holdings of the Fund and not to the Fund itself. S&P and Moody's study the financial condition of an entity to ascertain its creditworthiness. The credit rating reflects the rating agency's opinion of the holding's financial condition and history. The ratings shown are all considered investment grade and are listed by highest to lowest in percentage of what the Fund holds.