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ETFs

SECD
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Dec 05 2022
Expense Ratio
0.95%
Type
Global Bonds
Fund Owner
Gateway Credit Partners
Volume (1m avg. daily)
$2,648
AUM
$497,750
Associated Index
None
Inverse/Leveraged
No
Passive/Active
Active
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

n/a
Cash & Other
100.00%
Invest with SECD

What is SECD?

SECD fund is an actively managed exchange traded fund that seeks to achieve its investment objective by investing primarily in first lien secured senior floating rate loans and fixed income securities bonds. SECDs portfolio will be comprised of approximately 50 100 individual instruments with a target allocation of one to two percent of the Funds portfolio to any specific company. The SECD team will generally invest at least 90 of its assets in securities issued by companies and in bank loans made to companies domiciled in the United States and Canada while the Funds securities will be exclusively US dollar denominated. The Funds portfolio may include privately placed securities but will not target a specific duration or maturity for its portfolio. Typically the SECD ETF will hold investments to maturity or a refinancing of the investment

ETFs related toSECD

ETFs correlated to SECD include EMC, BKLN, VRIG

SECD
Tidal Trust II - Senior Secured Credit Opportunities ETF
EMC
Global X Funds - Global X Emerging Markets Great Consumer ETF
BKLN
Invesco Capital Management LLC - Invesco Senior Loan ETF
VRIG
Invesco Capital Management LLC - Invesco Variable Rate Investment Grade ETF
SRLN
SSgA Active Trust - SPDR Blackstone Senior Loan ETF
LVHI
Legg Mason ETF Investment Trust - Franklin International Low Volatility High Dividend Index ETF
FLTR
VanEck ETF Trust - VanEck IG Floating Rate ETF
FTSL
First Trust Exchange-Traded Fund III - First Trust Senior Loan Fund ETF
XLF
SSgA Active Trust - Financial Select Sector SPDR
FLOT
BlackRock Institutional Trust Company N.A. - iShares Floating Rate Bond ETF
GMAY
First Trust Exchange-Traded Fund VIII - FT Cboe Vest U.S. Equity Moderate Buffer ETF - May

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

Automated Strategies
Related toSECD

#SD

Smarter Dividends

Category

Composer's Picks, Investing for the Long-Term

Risk Rating

Moderate

#RB

Rotating Bonds

Category

Getting Defensive, Diversification

Risk Rating

Moderate

Create your own algorithmic trading strategy with SECD using Composer

FAQ

SECD is a Global Bonds ETF. SECD fund is an actively managed exchange traded fund that seeks to achieve its investment objective by investing primarily in first lien secured senior floating rate loans and fixed income securities bonds. SECDs portfolio will be comprised of approximately 50 100 individual instruments with a target allocation of one to two percent of the Funds portfolio to any specific company. The SECD team will generally invest at least 90 of its assets in securities issued by companies and in bank loans made to companies domiciled in the United States and Canada while the Funds securities will be exclusively US dollar denominated. The Funds portfolio may include privately placed securities but will not target a specific duration or maturity for its portfolio. Typically the SECD ETF will hold investments to maturity or a refinancing of the investment

Yes, SECD is actively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

No, SECD is not passively managed. It is actively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on SECD is %. This is the percent change in the value of SECD over the most recent 1-month period. The 3-month return on SECD is %. This is the percent change in the value of SECD over the most recent 3-month period.

ETFs similar to SECD include VCSH, JNK, and VCIT.

ETFs correlated to SECD include EMC, BKLN, and VRIG.

ETFs that are inversely correlated to SECD include XBIL, OBIL, and FAZ.

Disclaimers

*

We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.