What this ETF is trying to do

The Chesapeake Trend-Following Fixed Income ETF (TFFI) is an exchange-traded fund that focuses on fixed income. Fixed income generally refers to investments like bonds that pay a set amount of interest. This fund uses a "trend-following" approach to manage its holdings.

What the numbers show

As of October 5, 2026, the current price of TFFI is $21.60.

There is currently no data available for the year-to-date, one-year, or three-year price returns. Similarly, total return data for these periods was not supplied. Because there is not enough verified price history, an erosion score has not been provided.

Income and distribution explanation

The distribution yield for this ETF is 0%. There have been no payouts detected in the last 12 months.

For new investors, it is important to know that a high distribution yield can sometimes be misleading. While some ETFs pay out a lot of cash, that does not always mean the investment is growing. In the case of TFFI, no distributions are currently being paid.

Portfolio Exposure

The fund holds 11 different assets. These holdings can change over time. As of October 7, 2026, the top holdings include:

• First American Government Obligs X: 39.44%

• iShares National Muni Bond ETF: 10.88%

• iShares TIPS Bond ETF: 9.11%

• Vanguard Short-Term Corporate Bond ETF: 8.74%

• State Street SPDR BLMBG CNVRT Secs ETF: 7.09%

• iShares Preferred & Income Securities ETF: 6.72%

• Vanguard Interm-Term Corp Bd ETF: 4.55%

• iShares MBS ETF: 4.30%

• iShares JP Morgan USD EM Mkts Bd ETF: 3.33%

• Blackstone Mortgage Trust Inc Class A: 1.43%

NAV Erosion Explanation

"NAV erosion" happens when the net asset value (the actual value of the stuff the ETF owns) drops over time. Income investors care about principal stability because they want to make sure their original investment stays intact.

TFFI does not currently have a severe erosion-risk flag. However, because there is insufficient price history, the erosion severity is listed as "unknown."

Pros

• The fund is not leveraged and is not an inverse fund.

• It holds a variety of different bond-related assets.

Cons

• There is currently no distribution yield or cash income for investors.

• There is a lack of historical performance data (price and total returns).

• It has an income rating grade of "D."

Beginner takeaway

TFFI is a fixed-income ETF that does not currently pay distributions. Because it lacks a long history of price data, it is difficult to see how the share price has moved over the last few years. Investors should look at the holdings and the lack of yield when learning about this fund.