AKAF ETF — The Frontier Economic Fund

The Frontier Economic Fund (AKAF)

AKAF is a low-cost ETF. As of August 19, 2026, its distribution rate is 3.20%, its trailing-12-month yield is 2.85%, its expense ratio is 0.20%. Dividend Vision Distribution Safety Score™ is 50/100 (Caution). Fund total return is 33.9% over the past 1.1 years, 7.1 points ahead of SPY at 26.8%.

At the current 3.20% distribution rate, a $10,000 investment would generate approximately $320 per year, or $26.67 per month on an equivalent basis. Actual quarterly payments vary.

The Frontier Economic Fund is an ETF that employs an indexing strategy to track the performance of an index selecting companies with significant business activities connected to Alaska, including those involved in the state's economic development, natural resource use, local operations, and government-related initiatives. The fund distributes dividends quarterly at a modest current distribution rate and carries a low expense ratio of 0.20%. The fund is non-diversified and may appeal to investors seeking exposure to Alaska-focused equities and income from quarterly distributions.

AKAF performance versus SPY

Data as of August 19, 2026.

Fund total return is 33.9% over the past 1.1 years, 7.1 points ahead of SPY at 26.8%. Its deepest 1-year drawdown was 9.3%.

AKAF key facts

Data as of August 19, 2026.

Distribution Safety Score™

50 · Caution

Issuer

Vident Financial

Asset type

ETF

Asset class

Equity

Inception date

06/25/2025

Expense ratio

0.20%

Distribution rate

3.20%

Distribution frequency

Quarterly

Trailing yield

2.85%

Last close

$33.33

AUM

$3,015,248

Average volume

319.0

Last dividend

$0.2670

Ex-dividend date

06/16/2026

Payment date

06/17/2026

Beta

0.9369

P/E ratio

19.9643

How Dividend Vision calculates yield and returns

Distribution rate (3.20%) is the latest regular payout annualized by the fund's stated frequency, divided by the last close. Issuers often publish this as “Distribution Rate” on the fact sheet. Trailing-12-month yield (2.85%) is the sum of distributions paid in the last 12 months, split-adjusted, divided by the last close. It lags a recent raise or cut. We show a 30-day SEC yield when the fund publishes one. Schwab and other issuers may report a TTM distribution yield or SEC yield on a different date — all can be valid; they are not interchangeable. Fund total return uses split-adjusted close with distributions reinvested from the first stored bar on or after inception through the latest bar, compared with the same window on the benchmark. That is what the fund did, not your personal gain/loss. Figures below use Dividend Vision data as of August 19, 2026.

Distribution rate methodology · Distribution Safety Score methodology · SEC yield

Sources and review

Data as of August 19, 2026.

Primary sources: Vident Financial; prices and distributions from Dividend Vision, derived from vendor EOD data.

Reviewed by Bert Sweet, CEO and Co-owner of Dividend Vision. Methodology: Distribution Safety Score.

AKAF risks and drawbacks

AKAF's current distribution rate is moderate, not a high-yield payout — the strategy is dividend quality more than maximum income. Payments are quarterly, so cash flow is lumpy versus a monthly fund. The deepest 1-year drawdown on record here is 9.3%.

Who may consider AKAF — and who may not

AKAF may suit someone looking for low-cost broad dividend exposure, moderate current income with a quality tilt. It is a weaker fit for investors who need monthly cash flow (AKAF pays quarterly); investors hunting double-digit covered-call yields. This is educational context, not a recommendation to buy or sell.

Frequently asked questions

More funds from Vident Financial.