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ZTOP ETF · F/m High Yield 100 ETF
The ZTOP Exchange Traded Fund (ETF) is provided by F/m Investments. It is built to track an index: Bloomberg U.S. High Yield Top 100 Quality Select Equal Weighted Index. The ZTOP ETF provides physical exposure, so by buying it you actually own parts of all the 94 underlying holdings. This share class generates a stream of income by distributing dividends.
Last update Yesterday at 1:30 PM UTC
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This fund is part ofUS Corporate HY Bonds1M perf.-1.16%
Last price
$51.63
1M perf.
-1.21%
1M flows
-€1.3M
AuM
€14M
E/R
0.39%
Rating
Not rated
ESG Consensus®
ZTOP
$51.63
Performance & flows
Segment for quartile rank
December 15, 2025 → March 13, 2026
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ZTOP
$51.61
+0.32%
US Corporate HY Bonds
-0.05%
Historic performance and flows
| 1M | 3M | 1Y | 3Y | 5Y | MTD | QTD | YTD | ||
|---|---|---|---|---|---|---|---|---|---|
| Perf. | -1.21%  | +0.32%  | N/A | N/A | N/A | -1.20% | -0.33% | -0.33% | |
| Flows |
Key fund info
Segment for quartile rank
This ETF's jurisdiction country is not in your region (Europe and Middle East) ·
Main characteristics
Issuer
CUSIP
74933W197
ISIN
US74933W1971
AuM
€14M
E/R
0.39%
Replication rating
Not rated
ESG Consensus®
More details
NAV
3/13/2026
$51.60
1D NAV change
-0.36%
Dividend policy
Replication method
Direct (Physical)
Replication model
Optimized sampling
No. of holdings
94
Inception date
4/15/2025
Jurisdiction
United States
Distribution
United States
Legal structure
Open-end Fund
Base currency
USD
Dividend distribution
Trailing 12-month distr. yield
Distribution frequency
Last distribution
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Classification
Product type
Benchmark
Bloomberg U.S. High Yield Top 100 Quality Select Equal Weighted Index
Asset class
Factors
N/A
Investment strategy
ZTOP seeks to replicate the Bloomberg U.S. High Yield Top 100 Quality Select Equal Weighted Index and provides exclusive exposure to the largest and most established issuers of U.S. high yield debt. The fund seeks to deliver lower volatility and higher risk-adjusted returns than the broad high yield market over a full credit cycle.
Tax optimisation
PEA
France
UK Reporting Status
United Kingdom
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Risk profile
Segment for quartile rank
Historical risk/return profile
| 3M | 1Y | 3Y | 5Y | |
|---|---|---|---|---|
| Returns | +0.32% | N/A | N/A | N/A |
| Volatility | ||||
| Perf./Volatility | ||||
| Max drawdown |
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Synthetic Risk and Reward Indicator (SRRI)
UCITS
N/A
PRIIPS
N/A
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Countries
USA
85.35%
Canada
2.87%
United Kingdom
1.90%
Unavailable
7.97%
Other
1.91%
Sectors
Power
5.90%
Media
5.71%
Real estate investment and services
3.93%
Medical services
3.84%
Communication services
3.84%
Insurance and reinsurance
2.98%
Professional services
2.95%
Leasing and rental
2.93%
Unavailable
31.74%
Other
36.18%
Diversification
Total weight of top 15 holdings out of 94
Top 15 holdings
Data as of January 31, 2026
Organon & Co., 6.75% 15may2034, USD
US21873SAB43
US97382BAB53
US18589GAA31
MPT Operating Partnership, 8.5% 15feb2032, USD
Calpine, 4.5% 15feb2028, USD
US98313RAL06
DIRECTV Financing, 10% 15feb2031, USD
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KFC Holding, 4.75% 1jun2027, USD
Transocean Inc., 8.75% 15feb2030, USD
US42704LAG95
Sirius XM Holdings, 5.5% 1jul2029, USD
US382550BS94
Allied Universal HoldCo, 7.875% 15feb2031, USD
NCL Corporation, 7.75% 15feb2029, USD
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Enterprise
Trackinsight Enterprise helps professional and institutional ETF investors tackle operational, regulatory, and analytical challenges at every stage of the investment process.
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Integrates ESG criteria
No
SDG
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Enterprise
Trackinsight Enterprise helps professional and institutional ETF investors tackle operational, regulatory, and analytical challenges at every stage of the investment process.
Learn more about Trackinsight EnterpriseReplication
Trackinsight replication rating:
Not rated
Replication quality
Calculated over 12m, as of February 27, 2026
Tracking error
Tracking difference
Replication information
Index
Bloomberg U.S. High Yield Top 100 Quality Select Equal Weighted Index - USD
Index ticker
HYTOP100 Index
Index dividend policy
NTR
Replication method
Replication model
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Enterprise
Trackinsight Enterprise helps professional and institutional ETF investors tackle operational, regulatory, and analytical challenges at every stage of the investment process.
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F/m Investments
F/m Investments ID Card
Number of funds
19
Total AuM
€7.78B
Expense ratio range
0.15% - 0.59%
Average expense ratio
0.2274%
Top 5 funds by F/m Investments
| AuM | ||
|---|---|---|
TBIL | F/m US Treasury 3 Month Bill ETF | €5.84B |
XBIL | F/m US Treasury 6 Month Bill ETF | €658M |
UTWO | F/m US Treasury 2 Year Note ETF | €364M |
OBIL | F/m US Treasury 12 Month Bill ETF | €271M |
UTEN | F/m US Treasury 10 Year Note ETF | €247M |
Frequently asked questions about ZTOP
What does F/m High Yield 100 ETF, ZTOP, invest in?
ZTOP is a Passive ETF. This ETF provides exposure to US High Yield Corporate Bonds.
Which benchmark or index does ZTOP replicate?
ZTOP tracks the Bloomberg U.S. High Yield Top 100 Quality Select Equal Weighted Index - USD, through a optimized sampling replication method.
What is the Total Expense ratio (TER) of ZTOP?
ZTOP carries a total expense ratio (TER) of 0.39%, indicating the annual cost for holding the fund.
When was ZTOP launched?
ZTOP was introduced to the market on April 15, 2025. It trades on United States
Who is the ETF issuer of ZTOP?
F/m High Yield 100 ETF, ZTOP, is provided by F/m Investments. Learn more about F/m Investments here.
What is the current assets under management (AUM) of ZTOP?
ZTOP oversees €14M in assets as of March 13, 2026.
How has ZTOP performed lately?
Based on data from March 13, 2026, ZTOP returned -1.21% over the past month, 0.32% over the last three months and -0.33% year-to-date.
What are the latest inflows or outflows for ZTOP?
As of March 13, 2026, ZTOP recorded net flows of -€1.3M over the last month and -€2.6M year-to-date.
Does ZTOP distribute dividends?
ZTOP follows a distributing dividend policy, meaning it pays out income to investors.
What are the main country or region exposures of ZTOP?
As of January 31, 2026, ZTOP has significant geographic allocations in USA, Canada and United Kingdom.
In which sector or theme does ZTOP invest in?
As of January 31, 2026, ZTOP focuses largely on Power, Media and Real estate investment and services.
How many securities does ZTOP hold and how diversified is it?
As of January 31, 2026, ZTOP holds 94 positions in its portfolio, with 15.25% of assets concentrated in its top 15 holdings.
What are the main positions in ZTOP?
As of January 31, 2026, ZTOP top three holdings include Organon & Co., 6.75% 15may2034, USD, US21873SAB43 and US97382BAB53.
What is the base currency of ZTOP?
The base currency of ZTOP is USD.
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