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BFIX

Build Bond Innovation ETF

NAV:
$25.11
Market Price:
$25.03
NAV Change:
$0.02 / 0.06%
Market Price Change:
-$0.02 / -0.08%
as of 2025-06-23

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.

BFIX Received a 5-Star Overall Morningstar Rating™

Overall rating out of 529 Short-Term Bond funds as of March 31, 2025. Based on risk-adjusted returns.

Dividend per Share ($)

BFIX portfolio construction

Data since Fund inception. Additional information available in the Distribution Information section below.

Growth of $10,000

BFIX portfolio construction

Data since Fund inception. Fund performance shown at NAV. Index defined in disclosure section below.

Fund Overview

as of 2025-06-20
Ticker Symbol:BFIX
Gross Expense Ratio:0.45%
NAV:$25.11
NAV Change:$0.02 / 0.06%
Market Price:$25.03
Market Price Change:-$0.02 / -0.08%
CUSIP:12009B101
Total Assets:$11,297,686.93
Shares Outstanding:450000
Inception Date:2022-02-09
Premium Discount:-0.32%
30 Day Median Bid Ask Spread:0.44%

Monthly Fund Performance

as of 2025-05-31
Cumulative
 1mo3mo6mo1yrSince Inception
NAV-0.73%1.72%2.12%13.62%12.90%
Market Price-0.99%1.48%1.81%13.35%12.66%
Bloomberg US Agg Total Return-0.72%-0.29%0.77%5.46%-1.61%
Annualized
 1yr3yr5yrSince Inception
NAV13.62%5.73%-3.74%
Market Price13.35%5.63%-3.67%

Quarterly Fund Performance

as of 2025-03-31
Cumulative
 1mo3mo6mo1yrSince Inception
NAV0.92%1.84%5.59%12.20%12.02%
Market Price0.99%1.87%5.63%12.20%12.11%
Bloomberg US Agg Total Return0.04%2.78%-0.37%4.88%-1.29%
Annualized
 1yr3yr5yrSince Inception
NAV12.20%4.65%-3.68%
Market Price12.20%4.59%-3.71%

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: 3.76
Ex-Div DateRecord DatePayable DateAmount ($)Amount (%)
2025-05-292025-05-292025-05-30$0.088664750.3547%
2025-04-292025-04-292025-04-30$0.072734200.2876%
2025-03-272025-03-272025-03-28$0.076566040.3077%
2025-02-272025-02-272025-02-28$0.080124480.3232%
2025-01-302025-01-302025-01-31$0.089055960.3582%
2024-12-242024-12-242024-12-26$0.099698180.4018%
2024-11-272024-11-272024-11-29$0.095554890.3830%
2024-10-302024-10-302024-10-31$0.089858310.3668%
2024-09-272024-09-272024-09-30$0.084972300.3510%
2024-08-292024-08-292024-08-30$0.086706090.3645%
2024-07-302024-07-302024-07-31$0.097233010.4161%
2024-06-272024-06-272024-06-28$0.077748430.3343%
2024-05-302024-05-302024-05-31$0.089794240.3909%
2024-04-262024-04-292024-04-30$0.092732430.4027%
2024-03-262024-03-272024-03-28$0.084270770.3642%
2024-02-272024-02-282024-02-29$0.123560030.5398%
2024-01-292024-01-302024-01-31$0.062704860.2732%
2023-12-272023-12-282023-12-29$0.088522670.3844%
2023-12-272023-12-282023-12-29$0.229150000.8264%
2023-11-282023-11-292023-11-30$0.080384700.3554%
2023-10-272023-10-302023-10-31$0.094225830.4203%
2023-09-272023-09-282023-09-29$0.056016800.2500%
2023-08-292023-08-302023-08-31$0.091788360.4036%
2023-07-272023-07-282023-07-31$0.074722150.3269%
2023-06-282023-06-292023-06-30$0.076714410.3363%
2023-05-262023-05-302023-05-31$0.085145740.3753%
2023-04-262023-04-272023-04-28$0.072559940.3171%
2023-03-292023-03-302023-03-31$0.082534650.3612%
2023-02-242023-02-272023-02-28$0.045613660.2011%
2023-01-272023-01-302023-01-31$0.138736770.6061%
2022-12-232022-12-272022-12-30$0.069908370.3061%
2022-11-282022-11-292022-11-30$0.077632800.3393%
2022-10-272022-10-282022-10-31$0.054888820.2405%
2022-09-282022-09-292022-09-30$0.054308320.2374%
2022-08-292022-08-302022-08-31$0.042103090.1812%
2022-07-272022-07-282022-07-29$0.013043440.0557%
2022-06-282022-06-292022-06-30$0.015177400.0650%
2022-05-262022-05-272022-05-31$0.013593440.0569%
2022-04-272022-04-282022-04-29$0.010711580.0448%
2022-03-292022-03-302022-03-31$0.009786970.0400%

Portfolio Holdings

as of 2025-06-23

Download Holdings

TickerCUSIPNameMarket ValueWeight
91282CNE791282CNE7United States Treasury Note/Bond 3.875% 05/31/2027$3,697,759.7632.73%
91282CMP391282CMP3United States Treasury Note/Bond 4.125% 02/28/2027$521,492.974.62%
91282CMW891282CMW8United States Treasury Note/Bond 3.75% 04/15/2028$498,339.854.41%
91282CMH191282CMH1United States Treasury Note/Bond 4.125% 01/31/2027$350,827.153.11%
91282CMV091282CMV0United States Treasury Note/Bond 3.875% 03/31/2027$319,675.002.83%
91282CLY591282CLY5United States Treasury Note/Bond 4.25% 11/30/2026$270,896.482.40%
58013MFN958013MFN9McDonald's Corp 3.3% 07/01/2025$230,928.042.04%
6174468C66174468C6Morgan Stanley 4% 07/23/2025$219,821.771.95%
91282CMY491282CMY4United States Treasury Note/Bond 3.75% 04/30/2027$219,346.881.94%
496902AQ0496902AQ0Kinross Gold Corp 4.5% 07/15/2027$199,978.881.77%
824348BR6824348BR6Sherwin-Williams Co/The 4.25% 08/08/2025$169,852.551.50%
49327M3E249327M3E2KeyBank NA/Cleveland OH 4.15% 08/08/2025$159,871.291.41%
91282CME891282CME8United States Treasury Note/Bond 4.25% 12/31/2026$150,562.501.33%
592112SH0592112SH0Metropolitan Government of Nashville & Davidson County TN 5% 07/01/2025$150,062.181.33%
053332AT9053332AT9AutoZone Inc 3.125% 04/21/2026$142,195.441.26%
42824CAW942824CAW9Hewlett Packard Enterprise Co 4.9% 10/15/2025$138,979.251.23%
Cash&OtherCash&OtherCash & Other$136,891.841.21%
548661DH7548661DH7Lowe's Cos Inc 3.375% 09/15/2025$134,599.751.19%
91282CMU291282CMU2United States Treasury Note/Bond 4% 03/31/2030$130,228.521.15%
11135FBB611135FBB6Broadcom Inc 3.15% 11/15/2025$115,346.111.02%
548661DP9548661DP9Lowe's Cos Inc 3.1% 05/03/2027$112,424.761.00%
25278XAX725278XAX7Diamondback Energy Inc 5.2% 04/18/2027$111,236.670.98%
45866FAU845866FAU8Intercontinental Exchange Inc 4% 09/15/2027$110,099.460.97%
020002BH3020002BH3Allstate Corp/The 0.75% 12/15/2025$105,048.400.93%
89236TKC889236TKC8Toyota Motor Credit Corp 3.95% 06/30/2025$96,986.610.86%
189054AY5189054AY5Clorox Co/The 4.4% 05/01/2029$96,062.470.85%
59523UAM959523UAM9Mid-America Apartments LP 4% 11/15/2025$93,701.980.83%
00206RJX100206RJX1AT&T Inc 2.3% 06/01/2027$93,172.460.82%
91282CHV691282CHV6United States Treasury Note/Bond 5% 08/31/2025$90,081.600.80%
084659AM3084659AM3Berkshire Hathaway Energy Co 3.25% 04/15/2028$78,946.350.70%
46124HAB246124HAB2Intuit Inc 0.95% 07/15/2025$76,827.380.68%
63111XAG663111XAG6Nasdaq Inc 5.65% 06/28/2025$76,002.820.67%
283695BE3283695BE3El Paso Natural Gas Co LLC 7.5% 11/15/2026$73,571.690.65%
025816CY3025816CY3American Express Co 3.95% 08/01/2025$67,921.380.60%
89236TMS189236TMS1Toyota Motor Credit Corp 4.35% 10/08/2027$68,021.580.60%
931142FB4931142FB4Walmart Inc 3.9% 04/15/2028$66,772.400.59%
86765BAU386765BAU3Energy Transfer LP 4% 10/01/2027$66,281.820.59%
806854AK1806854AK1Schlumberger Investment SA 4.5% 05/15/2028$62,282.190.55%
539830BZ1539830BZ1Lockheed Martin Corp 4.45% 05/15/2028$61,496.330.54%
427866BD9427866BD9Hershey Co/The 2.45% 11/15/2029$60,123.420.53%
136385AZ4136385AZ4Canadian Natural Resources Ltd 2.05% 07/15/2025$56,906.210.50%
718172DD8718172DD8Philip Morris International Inc 5.5% 09/07/2030$54,103.890.48%
723787AT4723787AT4Pioneer Natural Resources Co 1.125% 01/15/2026$51,031.830.45%
94106LCB394106LCB3Waste Management Inc 4.5% 03/15/2028$50,319.480.45%
09247XAP609247XAP6Blackrock Inc 3.25% 04/30/2029$50,251.430.44%
458140BQ2458140BQ2Intel Corp 3.75% 03/25/2027$49,365.760.44%
98978VAU798978VAU7Zoetis Inc 5.4% 11/14/2025$46,106.310.41%
053332BG6053332BG6AutoZone Inc 6.25% 11/01/2028$46,416.440.41%
92277GAM992277GAM9Ventas Realty LP 4% 03/01/2028$45,402.620.40%
052769AE6052769AE6Autodesk Inc 3.5% 06/15/2027$44,307.970.39%
02665WEQ002665WEQ0American Honda Finance Corp 5.8% 10/03/2025$43,145.830.38%
674599DT9674599DT9Occidental Petroleum Corp 7.2% 03/15/2029$41,271.630.37%
718546AR5718546AR5Phillips 66 3.9% 03/15/2028$41,424.380.37%
02665WFT302665WFT3American Honda Finance Corp 4.45% 10/22/2027$39,945.500.35%
FGXXX31846V336First American Government Obligations Fund 12/01/2031$39,438.300.35%
91282CMS791282CMS7United States Treasury Note/Bond 3.875% 03/15/2028$40,012.500.35%
03027XBB503027XBB5American Tower Corp 1.3% 09/15/2025$39,668.720.35%
46625HMN746625HMN7JPMorgan Chase & Co 3.9% 07/15/2025$39,979.110.35%
133131AW2133131AW2Camden Property Trust 4.1% 10/15/2028$35,645.510.32%
90265EAM290265EAM2UDR Inc 3.5% 07/01/2027$36,356.870.32%
26875PAP626875PAP6EOG Resources Inc 4.15% 01/15/2026$34,919.660.31%
59523UAN759523UAN7Mid-America Apartments LP 3.6% 06/01/2027$30,563.100.27%
9151156Z79151156Z7Permanent University Fund - University of Texas System 5% 07/01/2031$30,011.410.27%
718547AT9718547AT9Phillips 66 Co 4.95% 12/01/2027$30,368.020.27%
665859AP9665859AP9Northern Trust Corp 3.95% 10/30/2025$28,935.200.26%
59523UAP259523UAP2Mid-America Apartments LP 4.2% 06/15/2028$27,802.630.25%
713448FL7713448FL7PepsiCo Inc 3.6% 02/18/2028$26,654.100.24%
278642BA0278642BA0eBay Inc 5.95% 11/22/2027$25,892.770.23%
94974BGP994974BGP9Wells Fargo & Co 3.55% 09/29/2025$25,928.560.23%
907818ED6907818ED6Union Pacific Corp 3.25% 08/15/2025$24,956.000.22%
05348EAX705348EAX7AvalonBay Communities Inc 2.95% 05/11/2026$22,708.710.20%
02665WDL202665WDL2American Honda Finance Corp 1.2% 07/08/2025$22,966.570.20%
670346AY1670346AY1Nucor Corp 4.3% 05/23/2027$22,001.690.19%
06406RBD806406RBD8Bank of New York Mellon Corp/The 3.85% 04/26/2029$21,609.450.19%
512807AS7512807AS7Lam Research Corp 3.75% 03/15/2026$21,889.190.19%
824348BF2824348BF2Sherwin-Williams Co/The 3.95% 01/15/2026$20,926.860.19%
49456BAP649456BAP6Kinder Morgan Inc 4.3% 03/01/2028$19,948.720.18%
GLD 250919C00310000GLD 250919C00310000GLD US 09/19/25 C310$20,825.000.18%
882508BV5882508BV5Texas Instruments Inc 4.6% 02/15/2028$20,251.610.18%
00206RDQ200206RDQ2AT&T Inc 4.25% 03/01/2027$19,938.010.18%
58013MFF658013MFF6McDonald's Corp 3.8% 04/01/2028$19,756.370.17%
718172BQ1718172BQ1Philip Morris International Inc 3.375% 08/11/2025$17,966.200.16%
718172DC0718172DC0Philip Morris International Inc 5.25% 09/07/2028$16,410.370.15%
COIN 250919C00270000COIN 250919C00270000COIN US 09/19/25 C270$17,319.000.15%
00206RHW500206RHW5AT&T Inc 3.8% 02/15/2027$14,844.300.13%
494368BY8494368BY8Kimberly-Clark Corp 3.95% 11/01/2028$14,911.100.13%
06051GFS306051GFS3Bank of America Corp 3.875% 08/01/2025$13,984.180.12%
29717PAR829717PAR8Essex Portfolio LP 3.625% 05/01/2027$13,790.700.12%
6174467X16174467X1Morgan Stanley 5% 11/24/2025$14,021.600.12%
189054AW9189054AW9Clorox Co/The 3.9% 05/15/2028$11,869.150.11%
IBIT 250919C00060000IBIT 250919C00060000IBIT US 09/19/25 C60$12,240.000.11%
SLV 250919C00034000SLV 250919C00034000SLV US 09/19/25 C34$12,954.000.11%
TLT 260116P00085000TLT 260116P00085000TLT US 01/16/26 P85$12,880.000.11%
KGC 270115C00015000KGC 270115C00015000KGC US 01/15/27 C15$11,400.000.10%
133131AX0133131AX0Camden Property Trust 3.15% 07/01/2029$10,449.780.09%
IEF 250718C00095000IEF 250718C00095000IEF US 07/18/25 C95$9,027.000.08%
482480AG5482480AG5KLA Corp 4.1% 03/15/2029$7,930.780.07%
133131AZ5133131AZ5Camden Property Trust 2.8% 05/15/2030$6,452.940.06%
571903BM4571903BM4Marriott International Inc/MD 5.45% 09/15/2026$7,074.670.06%
907818EY0907818EY0Union Pacific Corp 3.95% 09/10/2028$5,936.710.05%
05348EBC205348EBC2AvalonBay Communities Inc 3.2% 01/15/2028$5,829.020.05%
822582BT8822582BT8Shell International Finance BV 2.875% 05/10/2026$5,924.820.05%
828807DC8828807DC8Simon Property Group LP 3.375% 06/15/2027$4,910.070.04%
42824CBS742824CBS7Hewlett Packard Enterprise Co 4.4% 09/25/2027$3,991.290.04%
68389XCF068389XCF0Oracle Corp 5.8% 11/10/2025$5,023.760.04%
13607H6M913607H6M9Canadian Imperial Bank of Commerce 3.945% 08/04/2025$3,996.440.04%
595620AQ8595620AQ8MidAmerican Energy Co 3.1% 05/01/2027$1,962.160.02%
14913R3A314913R3A3Caterpillar Financial Services Corp 3.6% 08/12/2027$986.540.01%

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

You will leave the Build ETFs site when clicking any link below. The links are provided as a convenience and we disclaim any responsibility for information, services or products found on the websites linked below. Build makes no endorsement or recommendation for any broker, advisor, or other financial intermediary.

Individual Brokerage Accounts

Individual investors may be able to purchase shares of BFIX on the popular brokerage platforms, including those listed above. 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.

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