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  5. DXV: Could you comment on this with rates rising [Dynamic Active Investment Grade Floating Rate ETF]
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Q: Could you comment on this with rates rising
Asked by terrance on June 24, 2023
5i Research Answer:

Five year return is 2.30%; one-year 5.04%. Fees 0.30%; indicated yield 5.21%. Assets $117M. With a focus on floating rate bonds, we might have expected slightly better returns over one year with the big spike in rates. But average maturity is 3 years, so it was not perfectly positioned last year. Overall, we would consider it OK. It is 81% corporate bonds, so there is some credit risk here. With rates peaking, we would expect it to provide only mediocre performance.