Columbia Diversified Fixed Income Allocation ETF
ALTAR
Score™
2.3% info Median Credit
S&P/Moody's
BBB/Baa2
 
Yield to
Maturity
3.2% Current
Yield
4.0%
Macaulay
Duration
6.5 yrs Modified
Duration
6.4%


  • Description
  • Performance
  • Fundamentals
  • Rate Sensitivity
  • Rating
DIAL tracks an index comprised of six sub-indexes, each representing a different sector within the fixed income space. The index allocates fixed weights to each of the six sectors.

FUND BASICS
Category Aggregate
Fund Sponsor Columbia
Website www.columbiathreadneedleetf.com/dial
Inception date Oct 12, 2017
Assets (mns) $147
Currency USD
Expense ratio 28 bp
Distributions Monthly

FUND STRUCTURE
Regulation Open-Ended Fund
Custodian
Weighting Tiered
Index replication

ISSUER TYPE BREAKDOWN

CONSTITUENT BREAKDOWN
No. of constituents 227
No of distinct issuers 209
Inflation protected 0%
Variable/Fixed coupon -5% /105%
Non-standard maturity (callable, etc.) 57%

TOP TEN HOLDINGS
UNITED STATES TREASUR 0.0% 7/05/19 4.3 %
UNITED STATES TREASUR 0.0% 9/12/19 3.3 %
UMBS TBA 30YR 4.0% 8/01/48 2.5 %
UMBS TBA 30YR 4.5% 8/01/48 2.3 %
FHLMC 30YR POOL#Q5013 3.5% 8/01/47 2.0 %
UMBS TBA 30YR 3.5% 9/01/48 1.9 %
FNMA 30YR POOL#MA3306 4.0% 3/01/48 1.8 %
UNITED STATES TREASUR 3.8% 11/15/43 1.8 %
UMBS TBA 30YR 3.0% 12/01/48 1.6 %
UNITED STATES TREASUR 3.4% 5/15/44 1.6 %
   
TOTAL 23.2 %

TOP ISSUERS
U.S. TREASURY17.4%
FANNIE MAE7.0%
FREDDIE MAC2.4%
PETROLEOS MEXICANOS SA1.3%
PETROBRAS GLOBAL FINANCE BV1.2%

TOP COUNTRY EXPOSURE
UNITED STATES 68.5 %
CANADA 2.2 %
MEXICO 2.1 %
ITALY 1.9 %
INDONESIA 1.7 %

 





HISTORICAL RETURNS info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru July 31)
Year-to-date 1 year 5 years 10 years Since Incep.
10.5% 11.0% -- -- 5.0%

Market Correlations
versus... Beta R-squared
Barclays Agg. Bond 0.87 52%
S&P500 0.12 25%
MSCI EAFE 0.16 28%
MSCI Emg. Mkts. 0.13 31%

Technical Indicators
Recent close $20.73
30d moving avg. $20.51
Annualized volatility 3.9%
Short interest (ETF) 0.2%
Relative strength (RSI) 75
Liquidity measures
Avg. volume (thou.) 72
Avg. daily value traded (mns) $1
Turnover 1.1%
Bid/Ask (% of price) 0.17

Distributions


Yield Comparison

*Fund Category: AGGREGATE

CREDIT QUALITY: MOODY'S

DISTRIBUTION YIELD (TRAILING 12 MONTHS)
Macaulay Duration info
 
DIAL 6.5 yrs Category
Avg.*
5.0 yrs
 

Modified Duration info
 
DIAL 6.4% Category
Avg.*
5.0%

RATE SENSITIVITY ANALYSIS info
Change
in YTM
New
YTM
Est. Price
Change
Est. New
Price
+300 bp 6.15% -15.5% $17.51
+200 bp 5.15% -11.1% $18.42
+150 bp 4.65% -8.7% $18.94
+100 bp 4.15% -6.0% $19.49
+75 bp 3.90% -4.5% $19.79
+50 bp 3.65% -3.1% $20.09
+25 bp 3.40% -1.6% $20.41
0 bp 3.15% 0% $20.73
-25 bp 2.90% 1.6% $21.06
-50 bp 2.65% 3.3% $21.41
-75 bp 2.40% 5.0% $21.76
-100 bp 2.15% 6.7% $22.13
-150 bp 1.65% 10.4% $22.89
-200 bp 1.15% 14.3% $23.69
-300 bp 0.15% 22.6% $25.42

*Fund Category: AGGREGATE

ALTAR Score™


Calculation of ALTAR Score™
Adj. Yield to Maturity info 315 bp
Less: Annual "default factor" info 58 bp
Less: Expense ratio 28 bp
Equals: ALTAR Score 2.29 %
 

Average ALTAR Score™ by Category
Aggregate 1.7%
Corporate 2.3%
Emerging Market 3.6%
Government 1.6%
Inflation Protected 1.7%
Mortgage 2.8%
Municipals 2.2%
 
*Note: The Columbia Diversified Fixed Income Allocation ETF is classified as a Aggregate fund.

 

Our estimate of the impact of potential defaults on investor returns, based on historical default and recovery rates for bonds of similar credit rating and maturities.
See RATING tab for calculations of ALTAR Score™
Estimate of fund sensitivity to interest rate changes based on modified duration and convexity adjustment applied to underlying bonds. Note: Less meaningful for inflation-indexed bonds.
Adds expected inflation to real YTM for inflation-linked bonds so that all instruments are compared on a nominal basis
Weighted-average term to maturity of the cash flows from a bond. All else being equal, bonds of longer duration are more sensitive to changes in interest rates than bonds of shorter duration.
Approximation of the change in bond prices given a 100 basis point shift in interest rates. A better estimate, particularly for larger moves in interest rates, is provided by the Rate Sensitivity Analysis below.