RBB Fund Inc (ZHOG US)
ZHOG US$50.07
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Performance
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Share price activity
Displays share price activity. Volume = number of shares traded, Turnover = value of shares traded, VWAP = volume-weighted average price for the day, sourced from Morningstar.
- Last (Price)
- 50.07
- Change
- ▼ -0.01 (-0.02)
- Bid / Ask
- 50.05 - 50.09
- Volume
- 58
- Turnover
- 5,027
- Open
- 50.07
- Day Range
- 50.07 - 50.07
- VWAP
- 50.27
- Prev Close
- 50.08
- Last Trade
- 28/10 4:00pm
Fund profile
Displays who issues the fund, how it is structured and invests, its Morningstar category and benchmark, size, headline costs and dates, sourced from Morningstar. Fund size counts every class of the fund; ETF net assets is this listing alone.
Fund size
$44.7M
OCT 2026
Distributions
Monthly
Since inception
3.1 yrs
SEP 2023
- Legal name
- F/m Opportunistic Income ETF
- Issuer
- F/m investments, LLC
- Type
- Exchange-Traded Fund
- Structure
- Open Ended Investment Company
- Management style
- Actively managed
- Morningstar category
- Intermediate Core-Plus Bond
- Category index
- Bloomberg US Universal TR USD
- Benchmark
- Bloomberg US Agg Bond TR USD
- ETF net assets
- $44.7M
- Units on issue
- 890,000
- Management fee
- 0.39% p.a.
- Domicile
- United States
- Base currency
- USD
- Inception
- 5 SEP 2023
- Listed
- 6 SEP 2023
- Index provider
- Bloomberg Index
Objective and strategy
The investment seeks is to provide investors with attractive income opportunities by identifying undervalued and opportunistic sectors and securities in the U.S. fixed income markets, while typically limiting duration and averaging an investment-grade credit quality. The fund is an actively-managed exchange-traded fund (“ETF”) managed by F/m Investments, LLC (the “adviser”) that seeks to achieve its investment objective by investing in fixed-income securities.
Asset allocation
Displays how the fund is split between shares, bonds, cash and other assets, sourced from Morningstar.
US equity 0.00%Non-US equity 0.00%
| Asset class | Net % | Long % | Short % |
|---|---|---|---|
| Equity | 0.00 | 0.00 | 0.00 |
| Bond | 96.87 | 96.87 | 0.00 |
| Cash | 0.63 | 0.64 | 0.00 |
| Other | 2.49 | 2.49 | 0.00 |
Portfolio statistics · 22 OCT 2026
Displays the valuation, yield, size, concentration and quality of the fund's shareholdings taken together (trailing twelve months), sourced from Morningstar.
- Assets in top 10
- 45.93%
Top holdings · top 10 = 46.80% of assets
Displays the fund's ten largest holdings and their weight in the portfolio, sourced from Morningstar.
| Holding | % Weight | First bought | Market value | Currency | Units held | Sector | Country | |
|---|---|---|---|---|---|---|---|---|
| F/M 3-Yr Invmt Grd Corp Bd ETF ZTRE | 10.41 | — | 4.7M | USD | 95,863 | — | United States | |
| F/m High Yield 100 ETF ZTOP | 9.64 | — | 4.4M | USD | 88,308 | — | United States | |
| United States Treasury Notes 4.38% | 7.78 | — | 3.6M | USD | 3.6M | — | United States | |
| United States Treasury Notes 5% | 4.75 | — | 2.2M | USD | 2.2M | — | United States | |
| United States Treasury Note/Bond | 3.42 | — | 1.6M | USD | 1.6M | — | — | |
| Antares Holdings LP 6.35% | 2.27 | — | 1.0M | USD | 1.1M | — | Canada | |
| DC COMMERCIAL MORTGAGE TRUST 2023-D 6.8% | 2.24 | — | 1.0M | USD | 1.0M | — | United States | |
| MTN COMMERCIAL MORTGAGE TRUST 2026-LPFX 5.15% | 2.11 | — | 961,614 | USD | 1.0M | — | United States | |
| PROVIDENT FUNDING MORTGAGE TRUST 2025-2 5.5% | 2.09 | — | 952,684 | USD | 973,634 | — | United States | |
| Government National Mortgage Association 6% | 2.08 | — | 947,806 | USD | 960,862 | — | United States |
Trailing returns · 30 SEP 2026
Displays total returns after fees at net asset value, the return at the ASX market price, the return before fees, and where the fund ranks among funds in its Morningstar category, sourced from Morningstar.
Fund (NAV) Market price
1M
-1.5
3M
-1.4
6M
-0.3
YTD
-0.3
1Y
0.9
3Y
6.0
| Period | Fund (NAV) % | Market price % | Before fees % | Rank in category |
|---|---|---|---|---|
| 1 month | -1.53 | -1.53 | -1.50 | 4 / 564 |
| 3 months | -1.37 | -1.47 | -1.28 | 4 / 563 |
| 6 months | -0.32 | -0.24 | -0.13 | 4 / 558 |
| Year to date | -0.32 | -0.32 | -0.03 | 3 / 558 |
| 1 year | 0.94 | 0.78 | 1.34 | 3 / 549 |
| 3 years p.a. | 5.97 | 5.93 | 6.39 | 2 / 495 |
Returns to 30 SEP 2026, periods of 3 years and longer annualised. Rank is the percentile in the Morningstar category at 30 SEP 2026 (1 = best) over the funds ranked.
Calendar year returns
Displays the total return after fees and the capital (price) return for each calendar year, with the fund's rank in its Morningstar category, sourced from Morningstar.
Total Capital
2024
5.3
2025
6.1
| Year | Total % | Capital % | Rank in category |
|---|---|---|---|
| 2025 | 6.12 | 0.60 | 93 / 530 |
| 2024 | 5.30 | -0.33 | 4 / 585 |
Risk statistics · 30 SEP 2026
Displays how the fund has moved relative to its category index: alpha (return beyond the index), beta (sensitivity to it), R-squared (how much the index explains), volatility and risk-adjusted returns, sourced from Morningstar.
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Alpha | -0.13 | 1.72 | — | — |
| Beta | 0.49 | 0.80 | — | — |
| R-squared | 80.18 | 84.34 | — | — |
| Standard deviation | 2.20 | 4.92 | — | — |
| Sharpe ratio | -1.29 | 0.29 | — | — |
| Sortino ratio | -1.27 | 0.47 | — | — |
| Tracking error | 2.32 | 2.22 | — | — |
| Information ratio | 1.20 | 0.86 | — | — |
| Upside capture % | 75.93 | 89.38 | — | — |
| Downside capture % | 36.18 | 49.68 | — | — |
| Maximum drawdown % | -0.77 | — | — | — |
Measured against Bloomberg US Agg Bond TR USD with USTREAS T-Bill Auction Ave 3 Mon as the risk-free rate, to 30 SEP 2026. Maximum drawdown is on gross returns at the latest quarter end.
Portfolio risk score
Displays Morningstar's Portfolio Risk Score for the fund's holdings, how closely the ETF tracks its index day to day, the estimated cost of holding it against the index, the cost of trading it at market size, and its best and worst quarters since inception, sourced from Morningstar.
Risk score
16.2
Cash 0
Global shares 100
Morningstar Portfolio Risk Score at 30 SEP 2026.
- Market impact cost %
- 0.089
- Best quarter
- 9.43% · JAN 2024
- Worst quarter
- -1.52% · APR 2024
Fees and costs
Displays the fund's ongoing costs as a percentage of assets per year: the PDS management fees and costs, performance fee and transaction costs that make up the total cost ratio (the RG 97 forward estimate, and what was charged last financial year), and the buy / sell spread, sourced from Morningstar.
- Management fees and costs
- 0.39% p.a.
- PDS dated
- 31 DEC 2025
Distributions
Displays the most recent distribution paid per unit and its key dates, sourced from Morningstar.
- Latest distribution
- 0.1989
- Ex Date
- 28 SEP 2026
- Record Date
- 28 SEP 2026
- Pay Date
- 29 SEP 2026
- NAV at ex date
- 49.89
- Paid this year
- 1.9365
Distributions by year
Displays the total distributions paid per unit in each calendar year, sourced from Morningstar.
2024
2.8
2023
2.8
2022
0.9
| Year | Per unit ($) |
|---|---|
| 2024 | 2.7804 |
| 2023 | 2.8460 |
| 2022 | 0.8830 |
Distribution history
Displays the most recent distributions by ex date, sourced from Morningstar.
| Ex Date | Per unit ($) |
|---|---|
| 28 SEP 2026 | 0.1989 |
| 27 AUG 2026 | 0.2640 |
| 28 JUL 2026 | 0.2669 |
| 29 JUN 2026 | 0.1801 |
| 28 MAY 2026 | 0.2014 |
| 28 APR 2026 | 0.2032 |
| 30 MAR 2026 | 0.1906 |
| 26 FEB 2026 | 0.2105 |
| 29 JAN 2026 | 0.2209 |
| 30 DEC 2025 | 0.2028 |
| 2 DEC 2025 | 0.2158 |
| 3 NOV 2025 | 0.2209 |
Sustainability rating · 31 AUG 2026
Displays the Morningstar Sustainability Rating (1 to 5 globes, more is better) and the portfolio ESG risk score behind it (lower is less risk), against the average of the fund's global category, sourced from Morningstar and Sustainalytics.
- Portfolio covered
- 52.1%
ESG risk of holdings
Displays the share of the covered portfolio held in companies with negligible, low, medium, high and severe ESG risk, sourced from Morningstar and Sustainalytics.
- Negligible
- 1.14%
- Low
- 35.44%
- Medium
- 46.70%
- High
- 14.25%
- Severe
- 2.47%
1.57% of assets are in companies with high or severe controversies.
Carbon · 31 AUG 2026
Displays the portfolio carbon risk score (lower is less exposure to the transition to a low-carbon economy), the share of the portfolio in companies with fossil fuel revenue, and whether the fund earns Morningstar's Low Carbon Designation, sourced from Morningstar and Sustainalytics.
Carbon risk score
12.99
Low
Medium
High
Severe
Category average 10.31
- Carbon risk
- Medium Risk
- Fossil fuel involvement
- 28.45%
- Category average
- 11.52%
- Portfolio covered
- 46.0%
Fund managers
Displays the people Morningstar lists as managers of the fund, sourced from Morningstar.
- Barry Julien
- Peter Baden
- Kevin Conrath
- John Han
Tenure
Displays how long the managers have run the fund: the average and longest tenure, who has served longest, the latest appointment and how many other funds the team manages, sourced from Morningstar.
- Number of managers
- 4
- Average tenure
- 1.8 years
- Longest tenure
- 3.1 years
- Longest serving
- Peter Baden · since 5 SEP 2023
- Most recent appointment
- Barry Julien, Kevin Conrath, John Han · since 31 MAY 2025
- Managed since
- 5 SEP 2023
- Other funds managed
- 49
Displays all company announcements released by the company to the exchange, sourced from Morningstar.
Announcements
Announcements are available for ASX-listed companies only.
Opinion
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