FFIU ETF — Fieldstone UVA Unconstrained Medium-Term Fixed Income ETF

Fieldstone UVA Unconstrained Medium-Term Fixed Income ETF (FFIU)

FFIU is an ETF. As of August 19, 2026, its distribution rate is 4.17%, its trailing-12-month yield is 4.15%, its expense ratio is 0.54%. Dividend Vision Distribution Safety Score™ is 97/100 (Safe). Fund total return is 13.9% over the past 9 years, 249.6 points behind SPY at 263.5%.

At the current 4.17% distribution rate, a $10,000 investment would generate approximately $417 per year, or $34.75 per month on an equivalent basis. Actual quarterly payments vary.

Fieldstone UVA Unconstrained Medium-Term Fixed Income ETF is an actively managed fixed income fund that seeks current income by investing principally in bonds and debt securities of any kind—from both government and private issuers—with an average effective duration between three and ten years. The fund distributes quarterly at a moderate current distribution rate, carries an expense ratio of 0.54%, and maintains a modest asset base. It appeals to income-focused investors seeking diversified fixed income exposure with moderate duration characteristics.

FFIU performance versus SPY

Data as of August 19, 2026.

Fund total return is 13.9% over the past 9 years, 249.6 points behind SPY at 263.5%. Its deepest 1-year drawdown was 4.8%.

FFIU key facts

Data as of August 19, 2026.

Distribution Safety Score™

97 · Safe

Safety-Adjusted Yield

4.04%

Issuer

Spinnaker

Asset type

ETF

Asset class

Fixed Income

Inception date

08/18/2017

Expense ratio

0.54%

Distribution rate

4.17%

Distribution frequency

Quarterly

Trailing yield

4.15%

Last close

$21.41

AUM

$52,436,956

Average volume

215.0

Last dividend

$0.2230

Ex-dividend date

06/29/2026

Payment date

06/30/2026

Beta

1.19

How Dividend Vision calculates yield and returns

Distribution rate (4.17%) 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 (4.15%) 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: Spinnaker; 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.

FFIU risks and drawbacks

Payments are quarterly, so cash flow is lumpy versus a monthly fund. Total return has trailed SPY over the available window. The deepest 1-year drawdown on record here is 4.8%.

Who may consider FFIU — and who may not

FFIU may suit someone looking for a high Distribution Safety Score, moderate current income with a quality tilt. It is a weaker fit for investors who need monthly cash flow (FFIU pays quarterly); investors hunting double-digit covered-call yields; investors whose main goal is matching SPY total return. This is educational context, not a recommendation to buy or sell.

Frequently asked questions

More funds from Spinnaker.