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ETFs

ActivePassive Core Bond ETF

APCB
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
May 03 2023
Expense Ratio
0.36%
Type
US Bonds
Fund Owner
Envestnet
Volume (1m avg. daily)
$138,109
AUM
$98,196,805
Associated Index
None
Inverse/Leveraged
No
Passive/Active
Active
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

MBB
BlackRock Institutional Trust Company N.A. - iShares MBS ETF
13.01%
BNDX
Vanguard Group, Inc. - Vanguard Total International Bond ETF
10.19%
AGG
BlackRock Institutional Trust Company N.A. - iShares Core U.S. Aggregate Bond ETF
3.38%
n/a
UNITED STATES TREAS NTS 3.875% 03/31/2025
2.28%
n/a
UNITED STATES TREAS NTS 3.625% 03/31/2028
2.05%
n/a
UNITED STATES TREAS NTS 4.625% 02/28/2025
1.83%
US27NO
United States Of America - 6.125% NT REDEEM 15/11/2027 USD 1000
1.79%
US26AU
United States Of America - 6.75% BD REDEEM 15/08/2026 USD 1000
1.75%
US28NO
United States Of America - 5.25% BD REDEEM 15/11/2028 USD 1000
1.74%
n/a
UNITED STATES TREAS NTS 4.625% 03/15/2026
1.68%
Invest with APCB

What is APCB?

APCB is an actively-managed fund that blends active and passive investment strategies to optimize costs, tracking and potential return over the Bloomberg U.S. Aggregate Bond Index, the Fund's benchmark index. The ratio of the Fund's investment portfolio that is actively versus passively managed is determined by a variety of factors, including Envestnet's proprietary methodologies and academic research on factor investing. APCB will invest at least 80% of its net assets in fixed income securities that are rated investment grade or better and up to 20% of its net assets in high yield debt securities. The fixed income securities include corporate bonds, U.S. government securities, U.S. agency securities, mortgage and asset-backed securities, as well as ETFs that primarily invest in fixed income securities.

ETFs related toAPCB

ETFs correlated to APCB include BKAG, SPAB, BND

APCB
Trust For Professional Managers - ActivePassive Core Bond ETF
BKAG
BNY Mellon ETF Trust - BNY Mellon Core Bond ETF
SPAB
SPDR Series Trust - SPDR Portfolio Aggregate Bond ETF
BND
Vanguard Group, Inc. - Vanguard Total Bond Market ETF
UTEN
Rbb Fund Inc - US Treasury 10 Year Note ETF
BBAG
J.P. Morgan Exchange-Traded Fund Trust - JPMorgan BetaBuilders U.S. Aggregate Bond ETF
AGG
BlackRock Institutional Trust Company N.A. - iShares Core U.S. Aggregate Bond ETF
FLCB
Franklin Templeton ETF Trust - Franklin U.S. Core Bond ETF
GBF
BlackRock Institutional Trust Company N.A. - iShares Barclays Government/Credit Bond Fund
SCHZ
Schwab Strategic Trust - Schwab US Aggregate Bond ETF
UNIY
WisdomTree Trust - WisdomTree Voya Yield Enhanced USD Universal Bond Fund

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

Automated Strategies
Related toAPCB

#PTAC

Pick the Trending Asset Class

Category

Momentum, Tactical Asset Allocation, Be Risk Aware, Ride the Momentum

Risk Rating

Moderate

#DPE

Diversify with Private Equity

Category

Getting Started, Go Global, Diversification

Risk Rating

Moderate

Create your own algorithmic trading strategy with APCB using Composer

FAQ

APCB is a US Bonds ETF. APCB is an actively-managed fund that blends active and passive investment strategies to optimize costs, tracking and potential return over the Bloomberg U.S. Aggregate Bond Index, the Fund's benchmark index. The ratio of the Fund's investment portfolio that is actively versus passively managed is determined by a variety of factors, including Envestnet's proprietary methodologies and academic research on factor investing. APCB will invest at least 80% of its net assets in fixed income securities that are rated investment grade or better and up to 20% of its net assets in high yield debt securities. The fixed income securities include corporate bonds, U.S. government securities, U.S. agency securities, mortgage and asset-backed securities, as well as ETFs that primarily invest in fixed income securities.

Yes, APCB is actively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

No, APCB is not passively managed. It is actively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on APCB is -0.0125%. This is the percent change in the value of APCB over the most recent 1-month period. The 3-month return on APCB is -0.0291%. This is the percent change in the value of APCB over the most recent 3-month period.

ETFs similar to APCB include GSY, GVI, and BLV.

ETFs correlated to APCB include BKAG, SPAB, and BND.

ETFs that are inversely correlated to APCB include TBX, PST, and TTT.

Disclaimers

*

We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.