- What does BFIX invest in?
- BFIX provides a multi-asset approach to capital appreciation through a fixed income and equity option overlay strategy. Through its fixed income strategy, invested directly or indirectly via unaffiliated ETFs, the fund mainly holds investment grade fixed income securities of US and non-US issuers, denominated in USD and selected using value-style investing. These may include debentures, mortgage-backed securities (MBS), consumer asset-backed securities (e.g., credit card and auto loan receivables), and commercial mortgage-backed securities (CMBS), as well as bonds issued by the US and foreign governments and corporate entities. BFIX may invest in bonds of any maturity while maintaining a moderate duration of 1-10 years and a BBB- equivalent or better average credit quality. The funds equity option overlay strategy provides a US large-cap exposure, it goes long up to 10% in S&P 500 call options.
- What is the expense ratio of BFIX?
- Build Bond Innovation ETF (BFIX) charges an expense ratio of 0.45%. This is the annual fee deducted from fund assets to cover management and operations.
- What is BFIX's dividend yield?
- BFIX's trailing-twelve-month yield is 3.60%, calculated from the sum of dividends over the past year divided by the current price.
- What is the duration of BFIX?
- Effective duration measures BFIX's sensitivity to interest-rate changes: a duration of 6 means a 1% rate move shifts NAV by roughly 6% in the opposite direction. BFIX's current duration is published on the fund's factsheet on the issuer's website.
- What is the credit quality of BFIX?
- BFIX's credit quality breakdown (the share of holdings rated AAA through CCC and below) is published on the fund's factsheet. Higher-quality (investment-grade) funds yield less but carry less default risk than high-yield / junk bond funds.
- What is the yield to maturity of BFIX?
- Yield to maturity (YTM) is the total return you'd earn from BFIX if every bond in the portfolio is held to maturity at the current price. BFIX's YTM is published on the fund's factsheet on the issuer's website. It differs from the trailing-12-month yield because YTM reflects current bond prices rather than historical income paid.
