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SSFIDay Hagan Smart Sector Fixed Income ETF

Get income4y track recordRanked #1,246 of 1,622 in this goal

Total return, consisting of income and capital appreciation.

By Day Hagan · Launched 2021

Annual Cost

0.76%

#3,883 of 5,562 · expensive

Fund Size

$29M

#4,108 of 5,562 · small

Dividend YieldGoal

3.36%

Track Record

4 years

#2,486 of 5,562 · seasoned

Performance

Total-return NAV · USD
Growth of $10,000
$10,423+4.2%

Total-return NAV, USD. Net of fund fees, before tax.

Classification

How Beacon categorizes this fund

Asset class

Fixed income

Region

North america

Strategy

Active selection

What it actually holds

By weight

Concentration

Top 9 holdings = 99.3% of fund✓ diversified through underlying funds

State Street SPDR Portfolio Intermediate Term Treasury ETF
19.9%
State Street SPDR Portfolio Short Term Treasury ETF
18.8%
State Street SPDR Portfolio Mortgage Backed Bond ETF
18.4%
State Street SPDR Portfolio Corporate Bond ETF
10.0%
State Street SPDR Portfolio Long Term Treasury ETF
9.9%
State Street SPDR Bloomberg Invstmt Gr Fltg Rt ETF
6.5%
Vanguard Total International Bond Index Fund
6.4%
Vanguard Emerging Markets Govt Bd Idx
6.3%
State Street SPDR Portfolio High Yield Bond ETF
2.9%

Asset allocation

Bonds
98.6%
Cash
1.4%

Risk profile

Last 12 months · Sharpe & Sortino need 3+ years
Volatility (1Y)
4.0%Low

Year-on-year price swings

Max drawdown
-16.1%Moderate

Worst peak-to-trough loss

Sharpe (3Y)
-0.04Below average
Sortino (3Y)
-0.06Moderate downside risk

Bond profile

Duration

4.6 years

Avg maturity

9.4 years

Credit ratings

US Government
63.2%
AAA
1.2%
AA
53.7%
A
8.7%
BBB
9.3%
BB
15.5%
B
8.7%
Below B
2.8%
Other
0.2%

Where to buy

Listing

Exchange
NYSE Arca

Full fund details

Objective
Total return, consisting of income and capital appreciation.
Strategy
Actively managed fund of funds investing primarily in unaffiliated fixed income ETFs across various categories, including U.S. investment grade corporate bonds and emerging market bonds. Aims to enhance returns relative to the Bloomberg US Aggregate Bond Index by adjusting exposure based on a proprietary risk management model.
Inception date
September 28, 2021
Fund family
Day Hagan

Our take

Structural notes on how this fund behaves. Read our guide on the 6 warning signs.

Closet indexing
Warning

Closet indexer — active fees, passive behavior

This fund charges active-management fees but closely tracks its benchmark index. You may be paying a premium for active management that does not meaningfully exist — a combination of high R² versus the benchmark, low tracking error, and a TER sitting well above the passive peer-group median.

R²
91.0%
TE
1.6%
Beta
0.95
Fee
11× 0.07%

Source: Cremers & Petajisto (2009) · Amihud & Goyenko (2013) · ESMA (2016)

Why we flagged this: strategy=active_selection + low_tracking_error+near_market_beta+fee_premium

Educational analysis of structural product characteristics. Not investment advice. Always read the fund prospectus and consult a qualified advisor before investing. More

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Data updated on 2026-06-19