Symbols

DIAL

Columbia Diversified Fixed Income Allocation ETF·NYSE

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Key Stats

Assets Under Management

438.92MUSD

Fund Flows (1Y)

57.47MUSD

Dividend Yield

4.80%

Discount/Premium to NAV

0.25%

Shares Outstanding

23.80M

Expense Ratio

0.29%

About Columbia Diversified Fixed Income Allocation ETF

Issuer

Columbia Management Investment Advisers, LLC

Brand

Columbia

Home Page

https://www.columbiathreadneedleus.com/investment-products/exchange-traded-funds/Columbia-Diversified-Fixed-Income-Allocation-ETF/Class-ETF/details/?cusip=19761L508

Inception Date

Oct 12, 2017

Structure

Open-Ended Fund

Index Tracked

Beta Advantage Multi Sector Bond Index

Management Style

Passive

Dividend Treatment

Distributes

Distribution Tax Treatment

Ordinary income

Income Tax Type

Capital Gains

Max ST Capital Gains Rate

39.60%

Max LT Capital Gains Rate

20.00%

Primary Advisor

Columbia Management Investment Advisers LLC

Distributor

ALPS Distributors, Inc.

DIAL tracks an index that provides exposure to six different sectors within the fixed income space. The index assigns each of the six sectors a fixed target weight: 30% to US high-yield corporate bonds, 20% to emerging-markets sovereign debt, 15% to US investment-grade corporate bonds, 15% to US mortgage-backed securities, 10% to US Treasuries, and 10% to global sovereign bonds ex-US. While the sector allocations are kept static, the underlying securities in each sector change during each annual reconstitution. All sector sub-indexes are selected and weighted by market value, except for the global sovereign bonds sector, which is equally weighted. Considering that half of the portfolio is reserved for US high-yield bonds and emerging-market sovereign debt, DIAL isn't the best representation of the global fixed income space. However, it boasts one of the lowest expense ratios in the segment.