BFIX
Build Bond Innovation ETF
| NAV: $24.96 |
| Market Price: $24.96 |
| NAV Change: $0.25 / 1.00% |
| Market Price Change: $0.23 / 0.95% |
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 2024-11-19
| Ticker Symbol: | BFIX |
| Gross Expense Ratio: | 0.50% |
| NAV: | $24.96 |
| NAV Change: | $0.25 / 1.00% |
| Market Price: | $24.96 |
| Market Price Change: | $0.23 / 0.95% |
| CUSIP: | 12009B101 |
| Total Assets: | $8,112,669.50 |
| Shares Outstanding: | 325000 |
| Inception Date: | 2022-02-09 |
| Premium Discount: | 0.01% |
| 30 Day Median Bid Ask Spread: | 0.49% |
Monthly Fund Performanceas of 2024-10-31Cumulative
| 1mo | 3mo | 6mo | 1yr | Since Inception | |
|---|---|---|---|---|---|
| NAV | 1.17% | 4.65% | 8.73% | 14.01% | 7.33% |
| Market Price | 1.21% | 5.13% | 8.50% | 14.12% | 7.43% |
| Bloomberg US Agg Total Return | -2.48% | 0.25% | 5.31% | 10.55% | -3.38% |
Annualized
| 1yr | 3yr | 5yr | Since Inception | |
|---|---|---|---|---|
| NAV | 14.01% | - | - | 2.63% |
| Market Price | 14.12% | - | - | 2.67% |
Quarterly Fund Performanceas of 2024-09-30Cumulative
| 1mo | 3mo | 6mo | 1yr | Since Inception | |
|---|---|---|---|---|---|
| NAV | 2.04% | 5.23% | 6.26% | 12.89% | 6.09% |
| Market Price | 2.00% | 5.22% | 6.22% | 12.91% | 6.14% |
| Bloomberg US Agg Total Return | 1.34% | 5.20% | 5.26% | 11.57% | -0.92% |
Annualized
| 1yr | 3yr | 5yr | Since Inception | |
|---|---|---|---|---|
| NAV | 12.89% | - | - | 2.26% |
| Market Price | 12.91% | - | - | 2.29% |
NAV, or Net Asset Value: The dollar value of a single share, based on the value of the underlying assets of the fund minus its liabilities, divided by the number of shares outstanding. Calculated at the end of each business day. Market Price: The current price at which shares are bought and sold. Market returns are based upon the last trade price.
Distribution Information
| Distribution Information |
|---|
| Distribution Frequency: Monthly |
| 30 Day SEC Yield: 4.24 |
| Ex-Div Date | Record Date | Payable Date | Amount ($) | 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 |
|---|---|---|---|---|
| 91282CFX4 | 91282CFX4 | United States Treasury Note/Bond 4.5% 11/30/2024 | $324,987.78 | 3.99% |
| 9128283J7 | 9128283J7 | United States Treasury Note/Bond 2.125% 11/30/2024 | $324,802.29 | 3.99% |
| 91282CLS8 | 91282CLS8 | United States Treasury Note/Bond 4.125% 10/31/2026 | $318,918.75 | 3.92% |
| 91282CDZ1 | 91282CDZ1 | United States Treasury Note/Bond 1.5% 02/15/2025 | $297,903.23 | 3.66% |
| 91282CHV6 | 91282CHV6 | United States Treasury Note/Bond 5% 08/31/2025 | $260,974.34 | 3.21% |
| 912828ZT0 | 912828ZT0 | United States Treasury Note/Bond 0.25% 05/31/2025 | $195,654.57 | 2.40% |
| 025816CQ0 | 025816CQ0 | American Express Co 2.25% 03/04/2025 | $194,672.38 | 2.39% |
| 666807BM3 | 666807BM3 | Northrop Grumman Corp 2.93% 01/15/2025 | $159,521.47 | 1.96% |
| 031162DM9 | 031162DM9 | Amgen Inc 5.25% 03/02/2025 | $152,140.10 | 1.87% |
| 11134LAP4 | 11134LAP4 | Broadcom Corp / Broadcom Cayman Finance Ltd 3.125% 01/15/2025 | $150,550.15 | 1.85% |
| 571903AW3 | 571903AW3 | Marriott International Inc/MD 3.75% 03/15/2025 | $148,482.95 | 1.82% |
| 06406RAN7 | 06406RAN7 | Bank of New York Mellon Corp/The 1.6% 04/24/2025 | $145,136.52 | 1.78% |
| 125523AV2 | 125523AV2 | Cigna Group/The 3.25% 04/15/2025 | $142,120.40 | 1.75% |
| 025816CY3 | 025816CY3 | American Express Co 3.95% 08/01/2025 | $140,348.83 | 1.72% |
| 29273RBD0 | 29273RBD0 | Energy Transfer LP 4.05% 03/15/2025 | $136,631.84 | 1.68% |
| 87264ABB0 | 87264ABB0 | T-Mobile USA Inc 3.5% 04/15/2025 | $136,231.07 | 1.67% |
| 023135AN6 | 023135AN6 | Amazon.com Inc 3.8% 12/05/2024 | $134,942.59 | 1.66% |
| 26875PAM3 | 26875PAM3 | EOG Resources Inc 3.15% 04/01/2025 | $134,145.51 | 1.65% |
| 718546AV6 | 718546AV6 | Phillips 66 3.85% 04/09/2025 | $132,443.36 | 1.63% |
| 512807AN8 | 512807AN8 | Lam Research Corp 3.8% 03/15/2025 | $131,579.06 | 1.62% |
| 74251VAK8 | 74251VAK8 | Principal Financial Group Inc 3.4% 05/15/2025 | $130,185.05 | 1.60% |
| 741503AW6 | 741503AW6 | Booking Holdings Inc 3.65% 03/15/2025 | $128,426.03 | 1.58% |
| 615369AS4 | 615369AS4 | Moody's Corp 3.75% 03/24/2025 | $126,535.96 | 1.55% |
| 00287YBZ1 | 00287YBZ1 | AbbVie Inc 2.6% 11/21/2024 | $123,000.00 | 1.51% |
| 58013MEU4 | 58013MEU4 | McDonald's Corp 3.375% 05/26/2025 | $119,171.71 | 1.46% |
| 20826FAU0 | 20826FAU0 | ConocoPhillips Co 2.4% 03/07/2025 | $118,182.99 | 1.45% |
| 05348EAV1 | 05348EAV1 | AvalonBay Communities Inc 3.45% 06/01/2025 | $115,276.69 | 1.42% |
| 053332AY8 | 053332AY8 | AutoZone Inc 3.625% 04/15/2025 | $114,458.64 | 1.41% |
| 674599EB7 | 674599EB7 | Occidental Petroleum Corp 5.875% 09/01/2025 | $111,542.01 | 1.37% |
| 29379VBE2 | 29379VBE2 | Enterprise Products Operating LLC 3.75% 02/15/2025 | $110,687.93 | 1.36% |
| 58933YAR6 | 58933YAR6 | Merck & Co Inc 2.75% 02/10/2025 | $106,555.84 | 1.31% |
| 189754AA2 | 189754AA2 | Tapestry Inc 4.25% 04/01/2025 | $104,584.42 | 1.28% |
| 91282CGU9 | 91282CGU9 | United States Treasury Note/Bond 3.875% 03/31/2025 | $99,784.60 | 1.23% |
| 68389XBT1 | 68389XBT1 | Oracle Corp 2.5% 04/01/2025 | $91,206.14 | 1.12% |
| 03076CAK2 | 03076CAK2 | Ameriprise Financial Inc 3% 04/02/2025 | $89,436.48 | 1.10% |
| 718547AD4 | 718547AD4 | Phillips 66 Co 3.605% 02/15/2025 | $88,682.50 | 1.09% |
| 30231GBH4 | 30231GBH4 | Exxon Mobil Corp 2.992% 03/19/2025 | $84,546.03 | 1.04% |
| 053332AR3 | 053332AR3 | AutoZone Inc 3.25% 04/15/2025 | $84,455.88 | 1.04% |
| 38141GXJ8 | 38141GXJ8 | Goldman Sachs Group Inc/The 3.5% 04/01/2025 | $83,587.52 | 1.03% |
| 494368BQ5 | 494368BQ5 | Kimberly-Clark Corp 2.65% 03/01/2025 | $79,519.84 | 0.98% |
| 745310AH5 | 745310AH5 | Puget Energy Inc 3.65% 05/15/2025 | $79,373.01 | 0.97% |
| 912810SN9 | 912810SN9 | United States Treasury Note/Bond 1.25% 05/15/2050 | $78,400.00 | 0.96% |
| MSTR 241220C00440000 | MSTR 241220C00440000 | MSTR US 12/20/24 C440 | $77,232.00 | 0.95% |
| 032095AK7 | 032095AK7 | Amphenol Corp 2.05% 03/01/2025 | $75,397.96 | 0.93% |
| 64110LAL0 | 64110LAL0 | Netflix Inc 5.875% 02/15/2025 | $74,183.38 | 0.91% |
| 29717PAP2 | 29717PAP2 | Essex Portfolio LP 3.5% 04/01/2025 | $69,634.31 | 0.86% |
| 6174468C6 | 6174468C6 | Morgan Stanley 4% 07/23/2025 | $59,727.46 | 0.73% |
| 375558AZ6 | 375558AZ6 | Gilead Sciences Inc 3.5% 02/01/2025 | $58,844.03 | 0.72% |
| 00206RDQ2 | 00206RDQ2 | AT&T Inc 4.25% 03/01/2027 | $58,487.37 | 0.72% |
| 023135CM6 | 023135CM6 | Amazon.com Inc 4.7% 11/29/2024 | $54,999.69 | 0.68% |
| 68389XBC8 | 68389XBC8 | Oracle Corp 2.95% 05/15/2025 | $55,515.43 | 0.68% |
| 63111XAG6 | 63111XAG6 | Nasdaq Inc 5.65% 06/28/2025 | $50,232.84 | 0.62% |
| SPY 250321C00550000 | SPY 250321C00550000 | SPY US 03/21/25 C550 | $49,860.00 | 0.61% |
| 3130A3GE8 | 3130A3GE8 | Federal Home Loan Banks 2.75% 12/13/2024 | $49,941.42 | 0.61% |
| 24422EVC0 | 24422EVC0 | John Deere Capital Corp 2.05% 01/09/2025 | $49,815.29 | 0.61% |
| 00206RJX1 | 00206RJX1 | AT&T Inc 2.3% 06/01/2027 | $46,130.71 | 0.57% |
| 404119BQ1 | 404119BQ1 | HCA Inc 5.25% 04/15/2025 | $46,019.10 | 0.57% |
| SPY 241220C00525000 | SPY 241220C00525000 | SPY US 12/20/24 C525 | $46,788.00 | 0.57% |
| 654106AH6 | 654106AH6 | NIKE Inc 2.4% 03/27/2025 | $44,654.58 | 0.55% |
| 59523UAM9 | 59523UAM9 | Mid-America Apartments LP 4% 11/15/2025 | $44,736.75 | 0.55% |
| 29278NAP8 | 29278NAP8 | Energy Transfer LP 2.9% 05/15/2025 | $43,601.27 | 0.54% |
| 446413AS5 | 446413AS5 | Huntington Ingalls Industries Inc 3.844% 05/01/2025 | $42,754.87 | 0.53% |
| 58013MFN9 | 58013MFN9 | McDonald's Corp 3.3% 07/01/2025 | $40,632.96 | 0.50% |
| 91282CJE2 | 91282CJE2 | United States Treasury Note/Bond 5% 10/31/2025 | $40,212.42 | 0.49% |
| 67077MAD0 | 67077MAD0 | Nutrien Ltd 3% 04/01/2025 | $39,744.12 | 0.49% |
| 020002BH3 | 020002BH3 | Allstate Corp/The 0.75% 12/15/2025 | $36,471.24 | 0.45% |
| 824348BF2 | 824348BF2 | Sherwin-Williams Co/The 3.95% 01/15/2026 | $35,716.78 | 0.44% |
| 31331J3K7 | 31331J3K7 | Federal Farm Credit Banks Funding Corp 3.875% 11/26/2024 | $34,996.28 | 0.43% |
| 84265VAH8 | 84265VAH8 | Southern Copper Corp 3.875% 04/23/2025 | $32,814.45 | 0.40% |
| 244199BH7 | 244199BH7 | Deere & Co 2.75% 04/15/2025 | $31,752.27 | 0.39% |
| 723787AT4 | 723787AT4 | Pioneer Natural Resources Co 1.125% 01/15/2026 | $31,718.58 | 0.39% |
| 89236TGT6 | 89236TGT6 | Toyota Motor Credit Corp 1.8% 02/13/2025 | $30,798.00 | 0.38% |
| 46124HAB2 | 46124HAB2 | Intuit Inc 0.95% 07/15/2025 | $31,228.17 | 0.38% |
| 713448EQ7 | 713448EQ7 | PepsiCo Inc 2.25% 03/19/2025 | $30,752.55 | 0.38% |
| 55336VAA8 | 55336VAA8 | MPLX LP 4% 02/15/2025 | $29,921.57 | 0.37% |
| 46625HMN7 | 46625HMN7 | JPMorgan Chase & Co 3.9% 07/15/2025 | $29,877.38 | 0.37% |
| 002824BB5 | 002824BB5 | Abbott Laboratories 2.95% 03/15/2025 | $27,834.16 | 0.34% |
| 824348BR6 | 824348BR6 | Sherwin-Williams Co/The 4.25% 08/08/2025 | $27,907.31 | 0.34% |
| 24422EVY2 | 24422EVY2 | John Deere Capital Corp 1.25% 01/10/2025 | $27,865.80 | 0.34% |
| 20826FAG1 | 20826FAG1 | ConocoPhillips Co 3.35% 05/15/2025 | $26,749.35 | 0.33% |
| 70450YAG8 | 70450YAG8 | PayPal Holdings Inc 1.65% 06/01/2025 | $26,562.17 | 0.33% |
| 858119BL3 | 858119BL3 | Steel Dynamics Inc 2.4% 06/15/2025 | $25,654.24 | 0.32% |
| GLD 250620C00245000 | GLD 250620C00245000 | GLD US 06/20/25 C245 | $25,920.00 | 0.32% |
| 755111BY6 | 755111BY6 | Raytheon Co 3.15% 12/15/2024 | $24,960.72 | 0.31% |
| 14913R2Y2 | 14913R2Y2 | Caterpillar Financial Services Corp 4.9% 01/17/2025 | $25,003.20 | 0.31% |
| 14913R2C0 | 14913R2C0 | Caterpillar Financial Services Corp 1.45% 05/15/2025 | $22,652.91 | 0.28% |
| 571903BD4 | 571903BD4 | Marriott International Inc/MD 5.75% 05/01/2025 | $22,055.29 | 0.27% |
| 512807AS7 | 512807AS7 | Lam Research Corp 3.75% 03/15/2026 | $21,753.00 | 0.27% |
| QQQ 241220C00480000 | QQQ 241220C00480000 | QQQ US 12/20/24 C480 | $20,020.00 | 0.25% |
| 278642AV5 | 278642AV5 | eBay Inc 1.9% 03/11/2025 | $17,833.36 | 0.22% |
| 91282CDJ7 | 91282CDJ7 | United States Treasury Note/Bond 1.375% 11/15/2031 | $16,450.39 | 0.20% |
| 283695BE3 | 283695BE3 | El Paso Natural Gas Co LLC 7.5% 11/15/2026 | $15,710.62 | 0.19% |
| 00206RHW5 | 00206RHW5 | AT&T Inc 3.8% 02/15/2027 | $14,699.70 | 0.18% |
| 00724FAC5 | 00724FAC5 | Adobe Inc 3.25% 02/01/2025 | $14,948.93 | 0.18% |
| 93974DGX0 | 93974DGX0 | State of Washington 5% 07/01/2026 | $15,014.96 | 0.18% |
| 59156RBM9 | 59156RBM9 | MetLife Inc 3% 03/01/2025 | $14,922.14 | 0.18% |
| 49456BAF8 | 49456BAF8 | Kinder Morgan Inc 4.3% 06/01/2025 | $12,966.41 | 0.16% |
| 34964CAA4 | 34964CAA4 | Fortune Brands Innovations Inc 4% 06/15/2025 | $10,941.51 | 0.13% |
| 30231GAF9 | 30231GAF9 | Exxon Mobil Corp 2.709% 03/06/2025 | $10,934.96 | 0.13% |
| 037833AZ3 | 037833AZ3 | Apple Inc 2.5% 02/09/2025 | $9,951.28 | 0.12% |
| 38148LAC0 | 38148LAC0 | Goldman Sachs Group Inc/The 3.5% 01/23/2025 | $9,974.58 | 0.12% |
| TLT 241220C00091000 | TLT 241220C00091000 | TLT US 12/20/24 C91 | $9,375.00 | 0.12% |
| 858119BJ8 | 858119BJ8 | Steel Dynamics Inc 2.8% 12/15/2024 | $9,983.35 | 0.12% |
| Cash&Other | Cash&Other | Cash & Other | $8,912.53 | 0.11% |
| 822582BT8 | 822582BT8 | Shell International Finance BV 2.875% 05/10/2026 | $5,859.10 | 0.07% |
| 539830BH1 | 539830BH1 | Lockheed Martin Corp 3.55% 01/15/2026 | $5,931.48 | 0.07% |
| 94106LBA6 | 94106LBA6 | Waste Management Inc 3.125% 03/01/2025 | $5,973.04 | 0.07% |
| SLV 241220C00031000 | SLV 241220C00031000 | SLV US 12/20/24 C31 | $1,365.00 | 0.02% |
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
Build Asset Management Launches the BUILD Bond Innovation ETF (BFIX)
Announcing the launch of a new ETF: the BUILD Bond Innovation ETF (ticker: BFIX on the New York Stock Exchange).
