ActivePassive Core Bond ETF (APCB)
ActivePassive Core Bond ETF operates in the Asset Management - Bonds industry of the Financial Services sector, headquartered in Berwyn, PA, US. The stock last traded at $28.92, up 0.02% on the session, giving a market capitalisation of $939.6M. Its beta of 0.96 implies it has historically moved less than the broad market.
This actively managed exchange-traded fund (ETF) utilizes a dual investment approach, blending both active and passive strategies. Its primary objective is to optimize expenses, closely align with its benchmark—the Bloomberg U.S. Aggregate Bond Index—and strive for enhanced returns. Typically, the fund allocates a significant majority, at least 80% of its capital, to high-quality fixed income assets rated investment grade or better. A smaller portion, up to 20% of its net assets, may be invested in higher-yielding, non-investment grade debt securities, often known as "junk bonds."
ActivePassive Core Bond ETF is most often compared with the following Financial Services names: