F/m Compoundr High Yield Bond ETF (CPHY)

F/m Compoundr High Yield Bond ETF is an exchange-traded fund from F/m Investments that provides exposure to the U.S. high-yield corporate bond market. It is part of F/m's Compoundr series of ETFs.

Its portfolio represents below-investment-grade corporate debt issued by companies with lower credit ratings, which pays higher interest in exchange for greater credit risk. The defining feature of the Compoundr structure is that the fund seeks to reinvest the income earned on its holdings rather than paying it out as regular distributions, so that returns accumulate in the fund's share price. This design is intended to offer a more tax-efficient way to hold an income-producing asset class in taxable accounts.