OneAscent Core Plus Bond ETF (OACP)

Overview

The OneAscent Core Plus Bond ETF (OACP) is an actively managed fixed income ETF designed to provide total return through a combination of current income and capital appreciation. The fund invests primarily in a diversified portfolio of U.S. dollar-denominated investment-grade debt securities.

Reputation and Reliability

OneAscent is a relatively new entrant in the ETF market. While they are growing, their reputation is still developing compared to established issuers. Reliability needs further observation over a longer time horizon.

Management Expertise

The management team consists of fixed income professionals with experience in credit analysis, portfolio construction, and risk management.

Goal

To seek total return through current income and capital appreciation.

Investment Approach and Strategy

Strategy: The ETF is actively managed, aiming to outperform a broad market bond index through security selection and duration management.

Composition The ETF primarily holds U.S. dollar-denominated investment-grade debt securities, including government bonds, corporate bonds, mortgage-backed securities, and asset-backed securities.

Market Share: Data on exact market share is limited due to the fragmented nature of the core plus bond ETF market and OACP's relatively recent inception.

Total Net Assets (AUM):

Key Competitors

• AGG
• BND
• BSV
• LQD

Competitive Landscape

The core plus bond ETF market is highly competitive with well-established players. OACP aims to differentiate itself through active management and potentially more flexible investment strategies. However, this active management comes with higher expense ratio than passive competitors. OACP's smaller size could be a disadvantage.

Historical Performance: Due to recent inception, long-term historical performance data is limited. Investors should review the fund's performance since its inception.

Benchmark Comparison: The ETF's performance should be compared to a broad market bond index such as the Bloomberg Barclays U.S. Aggregate Bond Index to assess its effectiveness.

Expense Ratio: 0.39

Average Trading Volume

Average trading volume is dependent on market dynamics, but lower volume could lead to wider bid-ask spread.

Bid-Ask Spread

Bid-ask spreads vary based on trading volume and market conditions, with wider spreads indicating lower liquidity.

Market Environment Factors

Economic indicators such as interest rates, inflation, and economic growth influence the performance of bond ETFs like OACP. Credit spreads and overall market sentiment also play a significant role.

Growth Trajectory

OACP's growth will depend on its ability to deliver competitive risk-adjusted returns compared to its peers and attract investor capital. Strategy changes will be disclosed in fund documents.

Competitive Edge

OACP's competitive edge lies in its active management approach, which allows it to potentially outperform passive bond ETFs through strategic security selection and duration management. The ETF's investment team aims to identify undervalued securities and capitalize on market inefficiencies. Furthermore, OACP offers the potential for more flexible investment strategies compared to strictly index-tracking funds. This flexibility enables the ETF to adapt to changing market conditions and potentially generate higher returns.

Volatility

OACP's volatility will depend on the composition of its portfolio and the overall interest rate environment. Actively managed strategies can increase or decrease volatility.

Market Risk

OACP is subject to interest rate risk (rising rates can decrease bond values), credit risk (issuers may default on debt), and liquidity risk (difficulty selling securities).

Ideal Investor Profile

The ideal investor for OACP is someone seeking income and capital appreciation from a diversified bond portfolio, and is comfortable with active management and its associated fees.

Market Risk

OACP is suitable for long-term investors seeking a core bond allocation with the potential for outperformance, but also willing to accept the risks associated with active management.

The OneAscent Core Plus Bond ETF (OACP) is an actively managed fixed income ETF focused on providing total return. It invests primarily in investment-grade U.S. dollar-denominated debt securities, aiming to outperform passive bond indices through security selection and duration management. OACP's smaller size compared to established competitors and active management strategy with higher expenses are important considerations. While historical performance data is limited due to its recent inception, OACP may appeal to long-term investors seeking a core bond allocation with potential for outperformance.

Data Sources:

• OneAscent Website
• ETF.com
• Morningstar

Disclaimers:

This analysis is for informational purposes only and does not constitute financial advice. Past performance is not indicative of future results. Investors should conduct their own research and consult with a qualified financial advisor before making any investment decisions.