Alpha Architect 1-3 Month Box ETF

Frequently Asked Questions About BOXX

What does BOXX invest in?

The fund's primary investment strategy centers on implementing an exchange-listed options technique known as a "box spread." Under typical market conditions, the fund consistently commits a substantial portion—specifically, no less than 80%—of its overall assets to these Box Spreads. A critical characteristic of these investments is that their weighted average time to maturity, determined by expiration dates, consistently remains below 90 days.

What is the expense ratio of BOXX?

Alpha Architect 1-3 Month Box ETF (BOXX) charges an expense ratio of 0.24%. This is the annual fee deducted from fund assets to cover management and operations.

What is the duration of BOXX?

Effective duration measures BOXX's sensitivity to interest-rate changes — a duration of 6 means a 1% rate move shifts NAV by roughly 6% in the opposite direction. BOXX's current duration is published on the fund's factsheet on the issuer's website.

What is the credit quality of BOXX?

BOXX'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 BOXX?

Yield to maturity (YTM) is the total return you'd earn from BOXX if every bond in the portfolio is held to maturity at the current price. BOXX'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.

How big is BOXX?

Alpha Architect 1-3 Month Box ETF (BOXX) manages $12.92B in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure — funds below ~$50M are at higher risk of liquidation.