KIID is the Key Investor Information Document all investors should read before buying such funds. In the Freetrade app, when you click on one of these funds, it would be ‘Key Information Document’ which you download to read.
YTM is the Yield to Maturity which refers to the total return anticipated on a bond if a bond is held until it matures.
Interest paid will probably vary per investment, so probably will be in the KIID, which will probably state if interest is paid as income or accumulated.
I’m interested but will be researching more before I park any money
They aren’t trying to sell anything they have no vested interest to force you to put money into these things it’s just an alternative option to cash savings, they aren’t saying it’s suitable for you or anyone just making people aware these etfs are available.
They offer good interest via yield and can be used within an ISA to avoid the tax on savings interest in a bank account.
Rates are higher than your average savings account too.
I personally dont like how FT have marketed this. They have called them “high yield” which is terminology used to describe high risk lower quality bonds. Using this terminology undermines what they are trying to promote.
They have packaged up a bunch of ETFs which are provided by investment firms and are promoting them as their own products. “What are Freetrade’s cash investments?”
Just to explain why this will not happen, Freetrade are an execution-only broker. They’re aren’t allowed to ‘educated’ anyone as this could be seen as giving advice. I do get your point about this being a new type of investment and there being an need some one to education one’s self however.