BFIX
Build Bond Innovation ETF
NAV: $24.30 |
Market Price: $24.33 |
NAV Change: -$0.05 / -0.22% |
Market Price Change: -$0.05 / -0.20% |
Fund Objective
The Build Bond Innovation ETF is an actively-managed bond fund that seeks risk mitigation and growth via a mix of fixed income and equity options. The ETF typically has 90% to 95% of its holdings in investment grade bonds, with the remaining assets seeking upside by using a long only options overlay. The fund is designed to be used as a core bond complement. It seeks to outperform the Bloomberg US Aggregate Bond Index over a full market cycle without taking on excess risk.
Growth of $10,000
Data since Fund inception. Fund performance shown at NAV. Indexes are unmanaged, do not incur management fees, costs, and expenses and cannot be invested in directly.
How to use BFIX
Core Bond Allocation
- Use to complement or replace a core fixed income or investment grade credit exposure
- BFIX seeks to provide higher total returns for a similar risk profile to the benchmark, without reaching for yield or taking long duration risk
Risk Mitigation
- Use to seek lower downside risk, while retaining attractive upside and downside capture profile
- May increase credit quality and reduce volatility for a high yield bond allocation
Portfolio Diversification
- With its unique structure, BFIX may have lower correlations to traditional equity and fixed income exposures, offering diversification benefits to a multi-asset class portfolio
Fund Overviewas of 2024-11-01
Ticker Symbol: | BFIX |
Gross Expense Ratio: | 0.50% |
NAV: | $24.30 |
NAV Change: | -$0.05 / -0.22% |
Market Price: | $24.33 |
Market Price Change: | -$0.05 / -0.20% |
CUSIP: | 12009B101 |
Total Assets: | $7,897,193.93 |
Shares Outstanding: | 325000 |
Inception Date: | 2022-02-09 |
Premium Discount: | 0.13% |
30 Day Median Bid Ask Spread: | 0.57% |
Monthly Fund Performanceas of 2024-10-31Cumulative
1mo | 3mo | 6mo | 1yr | Since Inception | |
---|---|---|---|---|---|
NAV | 1.17% | 4.65% | 8.73% | 14.01% | 7.33% |
Market Price | 1.21% | 5.13% | 8.50% | 14.12% | 7.43% |
Bloomberg US Agg Total Return | -2.48% | 0.25% | 5.31% | 10.55% | -3.38% |
Annualized
1yr | 3yr | 5yr | Since Inception | |
---|---|---|---|---|
NAV | 14.01% | - | - | 2.63% |
Market Price | 14.12% | - | - | 2.67% |
Quarterly Fund Performanceas of 2024-09-30Cumulative
1mo | 3mo | 6mo | 1yr | Since Inception | |
---|---|---|---|---|---|
NAV | 2.04% | 5.23% | 6.26% | 12.89% | 6.09% |
Market Price | 2.00% | 5.22% | 6.22% | 12.91% | 6.14% |
Bloomberg US Agg Total Return | 1.34% | 5.20% | 5.26% | 11.57% | -0.92% |
Annualized
1yr | 3yr | 5yr | Since Inception | |
---|---|---|---|---|
NAV | 12.89% | - | - | 2.26% |
Market Price | 12.91% | - | - | 2.29% |
NAV, or Net Asset Value: The dollar value of a single share, based on the value of the underlying assets of the fund minus its liabilities, divided by the number of shares outstanding. Calculated at the end of each business day. Market Price: The current price at which shares are bought and sold. Market returns are based upon the last trade price.
Distribution Information
Distribution Information |
---|
Distribution Frequency: Monthly |
30 Day SEC Yield: 4.31 |
Ex-Div Date | Record Date | Payable Date | Amount ($) | Amount (%) |
---|---|---|---|---|
2024-10-30 | 2024-10-30 | 2024-10-31 | $0.08985831 | 0.3668% |
2024-09-27 | 2024-09-27 | 2024-09-30 | $0.08497230 | 0.3510% |
2024-08-29 | 2024-08-29 | 2024-08-30 | $0.08670609 | 0.3645% |
2024-07-30 | 2024-07-30 | 2024-07-31 | $0.09723301 | 0.4161% |
2024-06-27 | 2024-06-27 | 2024-06-28 | $0.07774843 | 0.3343% |
2024-05-30 | 2024-05-30 | 2024-05-31 | $0.08979424 | 0.3909% |
2024-04-26 | 2024-04-29 | 2024-04-30 | $0.09273243 | 0.4027% |
2024-03-26 | 2024-03-27 | 2024-03-28 | $0.08427077 | 0.3642% |
2024-02-27 | 2024-02-28 | 2024-02-29 | $0.12356003 | 0.5398% |
2024-01-29 | 2024-01-30 | 2024-01-31 | $0.06270486 | 0.2732% |
2023-12-27 | 2023-12-28 | 2023-12-29 | $0.22915000 | 0.8264% |
2023-12-27 | 2023-12-28 | 2023-12-29 | $0.08852267 | 0.3844% |
2023-11-28 | 2023-11-29 | 2023-11-30 | $0.08038470 | 0.3554% |
2023-10-27 | 2023-10-30 | 2023-10-31 | $0.09422583 | 0.4203% |
2023-09-27 | 2023-09-28 | 2023-09-29 | $0.05601680 | 0.2500% |
2023-08-29 | 2023-08-30 | 2023-08-31 | $0.09178836 | 0.4036% |
2023-07-27 | 2023-07-28 | 2023-07-31 | $0.07472215 | 0.3269% |
2023-06-28 | 2023-06-29 | 2023-06-30 | $0.07671441 | 0.3363% |
2023-05-26 | 2023-05-30 | 2023-05-31 | $0.08514574 | 0.3753% |
2023-04-26 | 2023-04-27 | 2023-04-28 | $0.07255994 | 0.3171% |
2023-03-29 | 2023-03-30 | 2023-03-31 | $0.08253465 | 0.3612% |
2023-02-24 | 2023-02-27 | 2023-02-28 | $0.04561366 | 0.2011% |
2023-01-27 | 2023-01-30 | 2023-01-31 | $0.13873677 | 0.6061% |
2022-12-23 | 2022-12-27 | 2022-12-30 | $0.06990837 | 0.3061% |
2022-11-28 | 2022-11-29 | 2022-11-30 | $0.07763280 | 0.3393% |
2022-10-27 | 2022-10-28 | 2022-10-31 | $0.05488882 | 0.2405% |
2022-09-28 | 2022-09-29 | 2022-09-30 | $0.05430832 | 0.2374% |
2022-08-29 | 2022-08-30 | 2022-08-31 | $0.04210309 | 0.1812% |
2022-07-27 | 2022-07-28 | 2022-07-29 | $0.01304344 | 0.0557% |
2022-06-28 | 2022-06-29 | 2022-06-30 | $0.01517740 | 0.0650% |
2022-05-26 | 2022-05-27 | 2022-05-31 | $0.01359344 | 0.0569% |
2022-04-27 | 2022-04-28 | 2022-04-29 | $0.01071158 | 0.0448% |
2022-03-29 | 2022-03-30 | 2022-03-31 | $0.00978697 | 0.0400% |
Portfolio Holdings
Ticker | CUSIP | Name | Market Value | Weight |
---|---|---|---|---|
9128283J7 | 9128283J7 | United States Treasury Note/Bond 2.125% 11/30/2024 | $324,436.35 | 4.11% |
91282CFX4 | 91282CFX4 | United States Treasury Note/Bond 4.5% 11/30/2024 | $324,951.42 | 4.11% |
91282CDZ1 | 91282CDZ1 | United States Treasury Note/Bond 1.5% 02/15/2025 | $297,461.05 | 3.76% |
91282CHV6 | 91282CHV6 | United States Treasury Note/Bond 5% 08/31/2025 | $261,253.75 | 3.31% |
67077MAZ1 | 67077MAZ1 | Nutrien Ltd 5.9% 11/07/2024 | $251,011.16 | 3.18% |
91282CDH1 | 91282CDH1 | United States Treasury Note/Bond 0.75% 11/15/2024 | $224,760.42 | 2.84% |
822582CC4 | 822582CC4 | Shell International Finance BV 2% 11/07/2024 | $206,966.76 | 2.62% |
912828ZT0 | 912828ZT0 | United States Treasury Note/Bond 0.25% 05/31/2025 | $195,362.42 | 2.47% |
025816CQ0 | 025816CQ0 | American Express Co 2.25% 03/04/2025 | $186,387.49 | 2.36% |
05348EAU3 | 05348EAU3 | AvalonBay Communities Inc 3.5% 11/15/2024 | $176,915.95 | 2.24% |
14913Q3B3 | 14913Q3B3 | Caterpillar Financial Services Corp 2.15% 11/08/2024 | $172,965.28 | 2.19% |
38141GXJ8 | 38141GXJ8 | Goldman Sachs Group Inc/The 3.5% 04/01/2025 | $173,054.52 | 2.19% |
68389XBS3 | 68389XBS3 | Oracle Corp 2.95% 11/15/2024 | $166,895.20 | 2.11% |
06406RAN7 | 06406RAN7 | Bank of New York Mellon Corp/The 1.6% 04/24/2025 | $160,677.03 | 2.03% |
666807BM3 | 666807BM3 | Northrop Grumman Corp 2.93% 01/15/2025 | $159,381.99 | 2.02% |
30231GBH4 | 30231GBH4 | Exxon Mobil Corp 2.992% 03/19/2025 | $144,121.76 | 1.82% |
11134LAP4 | 11134LAP4 | Broadcom Corp / Broadcom Cayman Finance Ltd 3.125% 01/15/2025 | $140,447.58 | 1.78% |
29273RBD0 | 29273RBD0 | Energy Transfer LP 4.05% 03/15/2025 | $134,513.83 | 1.70% |
512807AN8 | 512807AN8 | Lam Research Corp 3.8% 03/15/2025 | $131,553.30 | 1.67% |
571903AW3 | 571903AW3 | Marriott International Inc/MD 3.75% 03/15/2025 | $131,437.48 | 1.66% |
031162DM9 | 031162DM9 | Amgen Inc 5.25% 03/02/2025 | $124,174.08 | 1.57% |
718172BM0 | 718172BM0 | Philip Morris International Inc 3.25% 11/10/2024 | $119,939.87 | 1.52% |
053332AY8 | 053332AY8 | AutoZone Inc 3.625% 04/15/2025 | $114,268.82 | 1.45% |
718546AV6 | 718546AV6 | Phillips 66 3.85% 04/09/2025 | $113,536.75 | 1.44% |
00287YBZ1 | 00287YBZ1 | AbbVie Inc 2.6% 11/21/2024 | $108,884.59 | 1.38% |
26875PAM3 | 26875PAM3 | EOG Resources Inc 3.15% 04/01/2025 | $108,223.20 | 1.37% |
58933YAR6 | 58933YAR6 | Merck & Co Inc 2.75% 02/10/2025 | $106,419.43 | 1.35% |
189754AA2 | 189754AA2 | Tapestry Inc 4.25% 04/01/2025 | $104,424.57 | 1.32% |
91282CGU9 | 91282CGU9 | United States Treasury Note/Bond 3.875% 03/31/2025 | $99,770.80 | 1.26% |
674599EB7 | 674599EB7 | Occidental Petroleum Corp 5.875% 09/01/2025 | $98,412.68 | 1.25% |
615369AS4 | 615369AS4 | Moody's Corp 3.75% 03/24/2025 | $92,562.07 | 1.17% |
023135AN6 | 023135AN6 | Amazon.com Inc 3.8% 12/05/2024 | $90,931.93 | 1.15% |
20826FAU0 | 20826FAU0 | ConocoPhillips Co 2.4% 03/07/2025 | $86,302.61 | 1.09% |
05348EAV1 | 05348EAV1 | AvalonBay Communities Inc 3.45% 06/01/2025 | $85,434.01 | 1.08% |
053332AR3 | 053332AR3 | AutoZone Inc 3.25% 04/15/2025 | $84,386.92 | 1.07% |
458140BP4 | 458140BP4 | Intel Corp 3.4% 03/25/2025 | $83,462.74 | 1.06% |
912810SN9 | 912810SN9 | United States Treasury Note/Bond 1.25% 05/15/2050 | $80,200.00 | 1.02% |
494368BQ5 | 494368BQ5 | Kimberly-Clark Corp 2.65% 03/01/2025 | $79,445.63 | 1.01% |
GLD 241220C00225000 | GLD 241220C00225000 | GLD US 12/20/24 C225 | $79,650.00 | 1.01% |
745310AH5 | 745310AH5 | Puget Energy Inc 3.65% 05/15/2025 | $79,285.76 | 1.00% |
64110LAL0 | 64110LAL0 | Netflix Inc 5.875% 02/15/2025 | $74,228.61 | 0.94% |
70450YAG8 | 70450YAG8 | PayPal Holdings Inc 1.65% 06/01/2025 | $73,715.07 | 0.93% |
03076CAK2 | 03076CAK2 | Ameriprise Financial Inc 3% 04/02/2025 | $73,502.49 | 0.93% |
025816CY3 | 025816CY3 | American Express Co 3.95% 08/01/2025 | $71,655.15 | 0.91% |
29717PAP2 | 29717PAP2 | Essex Portfolio LP 3.5% 04/01/2025 | $69,603.79 | 0.88% |
29379VBE2 | 29379VBE2 | Enterprise Products Operating LLC 3.75% 02/15/2025 | $69,763.93 | 0.88% |
Cash&Other | Cash&Other | Cash & Other | $69,105.56 | 0.87% |
87264ABB0 | 87264ABB0 | T-Mobile USA Inc 3.5% 04/15/2025 | $66,548.80 | 0.84% |
718547AD4 | 718547AD4 | Phillips 66 Co 3.605% 02/15/2025 | $64,702.21 | 0.82% |
032095AK7 | 032095AK7 | Amphenol Corp 2.05% 03/01/2025 | $63,394.28 | 0.80% |
GLD 250620C00245000 | GLD 250620C00245000 | GLD US 06/20/25 C245 | $61,680.00 | 0.78% |
375558AZ6 | 375558AZ6 | Gilead Sciences Inc 3.5% 02/01/2025 | $60,778.13 | 0.77% |
45866FAT1 | 45866FAT1 | Intercontinental Exchange Inc 3.65% 05/23/2025 | $55,656.78 | 0.70% |
63111XAG6 | 63111XAG6 | Nasdaq Inc 5.65% 06/28/2025 | $50,259.70 | 0.64% |
125523AV2 | 125523AV2 | Cigna Group/The 3.25% 04/15/2025 | $49,649.18 | 0.63% |
SPY 241220C00525000 | SPY 241220C00525000 | SPY US 12/20/24 C525 | $46,593.00 | 0.59% |
023135CM6 | 023135CM6 | Amazon.com Inc 4.7% 11/29/2024 | $45,996.47 | 0.58% |
91282CJE2 | 91282CJE2 | United States Treasury Note/Bond 5% 10/31/2025 | $40,258.53 | 0.51% |
446413AS5 | 446413AS5 | Huntington Ingalls Industries Inc 3.844% 05/01/2025 | $39,756.07 | 0.50% |
858119BL3 | 858119BL3 | Steel Dynamics Inc 2.4% 06/15/2025 | $38,406.88 | 0.49% |
SPY 250321C00550000 | SPY 250321C00550000 | SPY US 03/21/25 C550 | $37,800.00 | 0.48% |
58013MEU4 | 58013MEU4 | McDonald's Corp 3.375% 05/26/2025 | $35,733.73 | 0.45% |
369550AY4 | 369550AY4 | General Dynamics Corp 2.375% 11/15/2024 | $34,973.78 | 0.44% |
31331J3K7 | 31331J3K7 | Federal Farm Credit Banks Funding Corp 3.875% 11/26/2024 | $34,981.65 | 0.44% |
68389XBT1 | 68389XBT1 | Oracle Corp 2.5% 04/01/2025 | $33,671.46 | 0.43% |
84265VAH8 | 84265VAH8 | Southern Copper Corp 3.875% 04/23/2025 | $32,840.57 | 0.42% |
911312BL9 | 911312BL9 | United Parcel Service Inc 2.8% 11/15/2024 | $31,980.08 | 0.40% |
74251VAK8 | 74251VAK8 | Principal Financial Group Inc 3.4% 05/15/2025 | $30,753.30 | 0.39% |
68389XBC8 | 68389XBC8 | Oracle Corp 2.95% 05/15/2025 | $30,686.26 | 0.39% |
55336VAA8 | 55336VAA8 | MPLX LP 4% 02/15/2025 | $29,899.11 | 0.38% |
46625HMN7 | 46625HMN7 | JPMorgan Chase & Co 3.9% 07/15/2025 | $29,869.88 | 0.38% |
002824BB5 | 002824BB5 | Abbott Laboratories 2.95% 03/15/2025 | $27,825.99 | 0.35% |
20826FAG1 | 20826FAG1 | ConocoPhillips Co 3.35% 05/15/2025 | $26,744.07 | 0.34% |
MSTR 241220C00200000 | MSTR 241220C00200000 | MSTR US 12/20/24 C200 | $26,490.00 | 0.34% |
755111BY6 | 755111BY6 | Raytheon Co 3.15% 12/15/2024 | $25,001.12 | 0.32% |
00817YAQ1 | 00817YAQ1 | Aetna Inc 3.5% 11/15/2024 | $24,986.81 | 0.32% |
89236TGT6 | 89236TGT6 | Toyota Motor Credit Corp 1.8% 02/13/2025 | $21,820.98 | 0.28% |
741503AW6 | 741503AW6 | Booking Holdings Inc 3.65% 03/15/2025 | $20,916.49 | 0.26% |
LQD 241220C00109000 | LQD 241220C00109000 | LQD US 12/20/24 C109 | $20,590.00 | 0.26% |
244199BH7 | 244199BH7 | Deere & Co 2.75% 04/15/2025 | $19,828.90 | 0.25% |
404119BQ1 | 404119BQ1 | HCA Inc 5.25% 04/15/2025 | $18,022.58 | 0.23% |
278642AV5 | 278642AV5 | eBay Inc 1.9% 03/11/2025 | $17,807.38 | 0.23% |
91282CDJ7 | 91282CDJ7 | United States Treasury Note/Bond 1.375% 11/15/2031 | $16,530.86 | 0.21% |
58013MFN9 | 58013MFN9 | McDonald's Corp 3.3% 07/01/2025 | $15,864.26 | 0.20% |
283695BE3 | 283695BE3 | El Paso Natural Gas Co LLC 7.5% 11/15/2026 | $15,757.58 | 0.20% |
24422EVY2 | 24422EVY2 | John Deere Capital Corp 1.25% 01/10/2025 | $14,901.82 | 0.19% |
654106AH6 | 654106AH6 | NIKE Inc 2.4% 03/27/2025 | $14,868.24 | 0.19% |
59156RBM9 | 59156RBM9 | MetLife Inc 3% 03/01/2025 | $14,911.07 | 0.19% |
TLT 241115C00092000 | TLT 241115C00092000 | TLT US 11/15/24 C92 | $15,300.00 | 0.19% |
29278NAP8 | 29278NAP8 | Energy Transfer LP 2.9% 05/15/2025 | $12,860.09 | 0.16% |
723787AT4 | 723787AT4 | Pioneer Natural Resources Co 1.125% 01/15/2026 | $11,531.79 | 0.15% |
858119BJ8 | 858119BJ8 | Steel Dynamics Inc 2.8% 12/15/2024 | $9,973.07 | 0.13% |
037833AZ3 | 037833AZ3 | Apple Inc 2.5% 02/09/2025 | $9,941.59 | 0.13% |
49456BAF8 | 49456BAF8 | Kinder Morgan Inc 4.3% 06/01/2025 | $8,969.32 | 0.11% |
SLV 241220C00031000 | SLV 241220C00031000 | SLV US 12/20/24 C31 | $6,370.00 | 0.08% |
QQQ 241220C00480000 | QQQ 241220C00480000 | QQQ US 12/20/24 C480 | $6,417.00 | 0.08% |
30231GAF9 | 30231GAF9 | Exxon Mobil Corp 2.709% 03/06/2025 | $5,957.43 | 0.08% |
34964CAA4 | 34964CAA4 | Fortune Brands Innovations Inc 4% 06/15/2025 | $4,972.17 | 0.06% |
59523UAM9 | 59523UAM9 | Mid-America Apartments LP 4% 11/15/2025 | $4,967.73 | 0.06% |
571903BD4 | 571903BD4 | Marriott International Inc/MD 5.75% 05/01/2025 | $4,011.03 | 0.05% |
XLU 241220C00080000 | XLU 241220C00080000 | XLU US 12/20/24 C80 | $2,996.00 | 0.04% |
00724FAC5 | 00724FAC5 | Adobe Inc 3.25% 02/01/2025 | $996.26 | 0.01% |
Portfolio holdings and allocations are subject to change and should not be considered investment advice or a recommendation to buy, sell or hold any particular security.
How to Buy
BFIX Availability for Individuals and Advisors
Individual Brokerage Accounts
Individual investors may be able to purchase shares of BFIX on the popular brokerage platforms listed below. Please log into your brokerage account and search for the ticker symbol BFIX to check availability. If BFIX is not available, please reach out to your brokerage for more information. You may also call us at (833) 852-8453.
Financial Advisor Platforms
Financial advisors may be able to purchase shares of BFIX on their platforms. Please check with your platform provider or call us at (833) 852-8453 if you require assistance.
DEFINITIONS OF TERMS:
Investment Grade Fixed Income – To be considered an investment grade issue, the company must be rated at ‘BBB’ or higher by Standard and Poor’s or Moody’s. Anything below this ‘BBB’ rating is considered non-investment grade.
30-Day SEC Yield – Yield calculation that reflects the dividends and interest earned during the period after the deduction of the fund’s expenses. It is also referred to as the “standardized yield.”
Call Option – A call is an option contract giving the owner the right, but not the obligation, to buy a specified amount of an underlying security at a specified price within a specified time.
Put Option – Put options give holders of the option the right, but not the obligation, to sell a specified amount of an underlying security at a specified price within a specified time frame.
Weighted Average Maturity – Weighted average maturity is a measure of the overall maturity of the debt securities in a portfolio.
Duration – Duration is a measure of the sensitivity of the price of a bond or other debt instrument to a change in interest rates. Duration can measure how long it takes, in years, for an investor to be repaid the bond’s price by the bond’s total cash flows. Duration can also measure the sensitivity of a bond’s or fixed income portfolio’s price to changes in interest rates. In general, the higher the duration, the more a bond’s price will drop as interest rates rise (and the greater the interest rate risk). For example, if rates were to rise 1%, a bond or bond fund with a five-year average duration would likely lose approximately 5% of its value.
Option-Adjusted Duration – A measure of fixed income duration that accounts for the effect of a call option on the expected life of a bond.
BFIX News & Insights
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Opportunities for tax loss harvesting should be regularly reviewed in every taxable portfolio, not just when taxes are top of mind.