F/m Compoundr High Yield Bond ETF
CPHY
NASDAQ Global Market- -
USD
- -
- -
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management - Bonds
- Address
- 3050 K Street NW, Suite 201 Washington DC United States of America 20007
- IPO Date
- Aug 12, 2025
- Website
- fminvest.com
- Similar Companies
- Business
- F/m Compoundr High Yield Bond ETF (CPHY) is a passively managed exchange-traded fund that seeks investment results corresponding generally to the price and yield performance, before fees and expenses, of the Nasdaq Compoundr High-Yield Corporate Bond Index; the fund employs a rules-based dividend rotation strategy to provide exposure to high-yield corporate bonds while deferring taxable income recognition, converting monthly interest into unrealized capital gains for enhanced tax efficiency and compounding power. Launched in August 2025 and sponsored by F/m Investments LLC, headquartered in Washington, DC, CPHY primarily invests in a portfolio of established high-yield bond ETFs, including approximately 50% in iShares Broad USD High Yield Corporate Bond ETF (USHY) and 50% in SPDR Portfolio High Yield Bond ETF (SPHY), with holdings focused on U.S. dollar-denominated, non-investment grade, fixed-rate taxable corporate bonds of varying maturities; the fund targets tax-aware investors seeking total return from high-yield fixed income without current dividend distributions or yield-based tax liability. In August 2025, F/m Investments partnered with Compoundr LLC as index provider, Nasdaq for index licensing, and lead market makers Susquehanna International Group and GTS Mischler to launch CPHY alongside the companion F/m Compoundr U.S. Aggregate Bond ETF (CPAG), marking the first fixed-income ETFs designed to eliminate dividend tax drag through systematic monthly rotations that maintain exposure without reinvesting distributions. F/m Investments, an independent asset manager with over $18 billion in assets across ETFs, mutual funds, and separately managed accounts as of September 2025, operates from offices in Washington, DC; Boston; Chicago; Milwaukee; and St. Louis, serving financial advisors, institutions, pensions, endowments, and individual investors primarily in the U.S. fixed income and equity markets.