Congress Intermediate Bond ETF (CAFX)
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CAFX Chart
Congress Asset Management Launches New Bond ETF
On Tuesday, Congress Asset Management released its next ETF, the Congress Intermediate Bond ETF (CAFX). CAFX is actively managed and operates with a net expense ratio of 0.35%.
Congress Intermediate Bond ETF Investors
| Name | Quantity | Cost | Value | Profit ($) | Gain (%) |
|---|---|---|---|---|---|
| TJD Thomas John Drogan PR Inc.IPAL SECURITIES Inc. | 337,487 | $8.38M | $8.3M | -$85,722.75 | -1.02% |
 Candace Cavalier Congress Wealth Management LLC / DE / | 2.72M | $67.79M | $66.72M | -$1.07M | -1.58% |
 Stephen Smith Kestra Investment Management LLC | 46,638 | $1.15M | $1.15M | -$1,966.27 | -0.17% |
 Christopher C. Powers Farther Finance Advisors, LLC | 14,226 | $350,386 | $349,603.95 | -$782.05 | -0.22% |
 Envestnet Portfolio Solutions Inc. Envestnet Portfolio Solutions, Inc. | 834,102 | $20.58M | $20.53M | -$48,133.86 | -0.23% |
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Congress Intermediate Bond ETF Profile
| ARCA Exchange | US Country |
Overview
The described fund is a financial vehicle that specializes in investments within the realm of U.S.-dollar denominated, investment-grade securities. It aims to provide investors with exposure to high-quality debt instruments that have received favorable ratings from major credit rating agencies or are deemed to be of equivalent quality by the fund’s adviser. This fund focuses on maintaining a portfolio with a broad maturity spectrum ranging from immediate to a maximum of ten years, ensuring a mix of investment horizons for its stakeholders. The stringent criteria for selecting securities, based primarily on their rating at the time of issuance, underscore the fund’s commitment to investment safety and quality.
Products and Services
The fund provides a targeted selection of investment products and services designed to cater to the needs of investors looking for quality and safety in their fixed-income investments. These offerings are characterized by their focus on investment-grade securities and managed maturity profiles to match various investment strategies and risk appetites.
- Investment-Grade Securities
This product focuses on U.S.-dollar denominated bonds and other fixed-income securities that are rated in the top four categories by recognized rating agencies. These are considered lower risk investments due to their high credit quality. The fund's strategy involves selecting securities that provide a stable and reliable return, making this an attractive option for conservative investors seeking to preserve capital while earning a predictable income.
- Managed Maturity Portfolios
The fund offers investment solutions that emphasize controlling the average portfolio maturity through strategic selection of securities ranging in duration from zero to ten years. This service caters to investors with varying time horizons and risk tolerances, allowing for a more personalized investment approach. By adjusting the maturity profile of the portfolio, the fund aims to optimize returns while managing interest rate risk, providing a tailored investment experience that can adapt to changing market conditions and individual financial goals.
