This new ETF invests in an unusual portfolio that is divided between short duration high-yield securities and investment grade corporate bonds. Managers Barry Allen and Paul Sandhu are aiming to generate positive returns over any rolling 12-month period, regardless of where interest rates are moving. Investors receive a monthly distribution of $0.03 a unit ($0.36 a year). The yield, based on a price of $10.01, is 3.6%. That’s very high for a short-term bond fund and it is not guaranteed although the managers believe it is sustainable. This is a new fund so it has no performance record but the managers are well experienced in this field.