RTAI
Rareview Tax Advantaged Income ETF
Bloomberg Municipal TR USD
NAV as of
4 Week: 19.95 - 20.72
52 Week: 18.81 - 23.57
Latest Closing Price
20.46
Premium / Discount
0.06
Expense Ratio
2.76%
Investment Objective
The investment seeks total return with an emphasis on providing current income, a substantial portion of which will be exempt from federal income taxes. Under normal market conditions, the fund will invest in municipal bond closed-end funds trading at a discount or premium to their underlying net asset value and that pay regular periodic cash distributions. While it will invest primarily in closed-end funds, the fund may invest up to 30% of its assets in municipal or short term Treasury ETFs if in the adviser's discretion, the ETFs will provide a better investment opportunity or liquidity for the asset class.
Main Fund Characteristics
Performance
| Period | Performance Returns(%) | Volatility(%) | Risk Adjusted Performance |
|---|---|---|---|
| YTD | -1.02 | 0.71 | -1.42 |
| 1 Day | -1.01 | 0.00 | 0.00 |
| 1 Week | -0.66 | 1.56 | -0.43 |
| 1 Month | 0.90 | 3.08 | 0.29 |
| 3 Months | 0.50 | 5.59 | 0.09 |
| 6 Months | -0.53 | 8.83 | -0.06 |
| 1 Year | -13.06 | 11.95 | -1.09 |
| 2 Years | -23.11 | 13.87 | -1.67 |
| 3 Years | 0.00 | 0.00 | 0.00 |
| 5 Years | 0.00 | 0.00 | 0.00 |
| 10 Years | 0.00 | 0.00 | 0.00 |
Price History
Annual Performance Return
| 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | |
| Price (%) | 0.0000 | 0.0000 | 0.0000 | 0.0000 | 0.0000 | 0.0000 | 0.0000 | 0.0000 | 10.8074 | -22.6643 |
| Nav (%) | 0.0000 | 0.0000 | 0.0000 | 0.0000 | 0.0000 | 0.0000 | 0.0000 | 0.0000 | 0.0000 | 0.0000 |
| Rank | 0.0000 | 0.0000 | 0.0000 | 0.0000 | 0.0000 | 0.0000 | 0.0000 | 0.0000 | 2.0000 | 100.0000 |
Dividend Frequency
Lastest Dividend
| Ex Date | Payment Date | Dividend Payout per unit |
|---|---|---|
| 01/03/2023 | 05/03/2023 | 0.0430 |
| 01/02/2023 | 05/02/2023 | 0.0505 |
| 03/01/2023 | 05/01/2023 | 0.0608 |
| 01/12/2022 | 05/12/2022 | 0.0624 |
| 01/11/2022 | 03/11/2022 | 0.0689 |
| 03/10/2022 | 05/10/2022 | 0.0701 |
| 01/09/2022 | 06/09/2022 | 0.0675 |
| 01/08/2022 | 03/08/2022 | 0.0671 |
| 04/07/2022 | 06/07/2022 | 0.0555 |
| 01/06/2022 | 05/06/2022 | 0.0611 |
Portfolio Data
Total Number of Holdings: 12
Number of Bond Holdings: 0
Number of Equity Holdings: 1
Total Market Value: 20,510,352
Portfolio Composition
Top 10 Holdings
| % Portfolio Weight | Shares Owned | Shares Changed | Market Value | ||
|---|---|---|---|---|---|
| 1 | Nuveen AMT-Free Quality Muni Inc | 11.6210 | 191,498 | 0 | 2,267,336 |
| 2 | Edm2 06/13/22 P99.0625 | 9.1488 | 800 | 0 | 1,785,000 |
Country Exposure
Regional Exposure
America
Greater Europe
Greater Asia
Market Classification
Market Capitalization
| Size | % of portfolio |
|---|---|
| N.A | |
Equity Style Box Breakdown
| 0 | 0 | 0 | Large |
| 0 | 0 | 0 | Mid |
| 0 | 0 | 0 | Small |
| Value | Blend | Growth |
Value Measures
Price/Prospective Earnings*
0.0000
Price/Book*
0.0000
Price/Sales*
0.0000
Price/Cash Flow*
0.0000
Dividend Yield*
0.0000
Growth Measures
Long-Term Earnings
0.0000
Historical Earnings
0.0000
Sales Growth
0.0000
Cash-Flow Growth
0.0000
Book-Value Growth
0.0000
*Forward-looking based on historical data.
Equity Sector
Number of Bond Holdings
0
Bond Statitics
| Detail | Value |
|---|---|
| Average Effective Duration | 13.92 |
| Average Effective Maturity (Years)* | 18.15 |
| Average Credit Quality | 11.00 |
| Average Weighted Coupon* | 4.95 |
| Average Weighted Price* | 95.98 |
Bond Style Box Breakdown
| 0 | 0 | 0 | High | Quality |
| 0 | 0 | 0 | Med | |
| 0 | 0 | 0 | Low | |
| Ltd | Mod | Ext | ||
| Interest-Rate Sensitivity | ||||
Credit Quality
| Type | % Bonds |
|---|---|
| AAA | 5.77 |
| AA | 27.26 |
| A | 29.24 |
| BBB | 15.88 |
| BB | 5.23 |
| B | 1.23 |
| Below B | 0.34 |
| Not Rated | 15.05 |
Bond Sector
Bond Maturity
| % Bonds | |
|---|---|
| 1 to 3 Years | 1.57 |
| 3 to 5 Years | 1.86 |
| 5 to 7 Years | 2.63 |
| 7 to 10 Years | 5.84 |
| 10 to 15 Years | 13.14 |
| 15 to 20 Years | 19.85 |
| 20 to 30 Years | 55.21 |
| Over 30 Years | 12.60 |
| 1 to 7 Days | 0.00 |
| 8 to 30 Days | 0.00 |
| 31 to 90 Days | 0.00 |
| 91 to 182 Days | 0.31 |
| 183 to 364 Days | 0.38 |
Data Source: Morningstar
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(4) are provided solely for informational purposes;
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Morningstar and Phillip Securities Pte Ltd are not responsible for any trading decisions, damages or other losses related to the Information or its use. Please verify all of the Information before using it and don’t make any investment decision except upon the advice of a professional financial adviser. Past performance is no guarantee of future results. The value and income derived from investments may go down as well as up.
For the most up-to-date fund’s data and information, a copy of the fund factsheet, information or prospectus may be obtained from the respective ETF issuer.
