Weitz Core Plus Bond ETF (WCPB)
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Weitz Launches Multisector Bond ETF With Junk Exposure
Yesterday, Weitz Investment Management, Inc. launched the Weitz Multisector Bond ETF (WMSB). Representing a bet on growing advisor demand for flexible bond strategies among ETFs, the fixed income strategy is “designed to provide a high level of current income through flexible exposure across credit sectors, durations, and levels of credit quality,” per Weitz's press release.
Weitz Core Plus Bond ETF Investors
| Name | Quantity | Cost | Value | Profit ($) | Gain (%) |
|---|---|---|---|---|---|
 Joshua Ryder Taff New Perspectives Inc. | 2.87M | $73.15M | $72.46M | -$692,334.53 | -0.95% |
| RS Rebecca Stapp Stapp Wealth Management, Pllc | 321,115 | $8.12M | $8.1M | -$22,478.05 | -0.28% |
 Thomas Healy PFW Advisors LLC | 332,721 | $8.41M | $8.4M | -$9,981.53 | -0.12% |
 Christopher C. Powers Farther Finance Advisors, LLC | 180,476 | $4.61M | $4.56M | -$46,923.51 | -1.02% |
 Jennifer Lutz Trademark Financial Management, LLC | 13,094 | $331,147 | $330,503.04 | -$643.96 | -0.19% |
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Weitz Core Plus Bond ETF Profile
| ARCA Exchange | US Country |
Overview
The company offers an actively managed exchange-traded fund (ETF) that primarily targets current income and capital preservation, while also striving for long-term capital appreciation as a secondary goal. This strategic approach allows the ETF to navigate through various market conditions effectively. The investment strategy focuses on a diverse array of fixed-income sectors, which enhances the potential for stable returns while managing risk effectively. The ETF may invest in U.S. Treasuries, structured products such as mortgage-backed securities (MBS) and asset-backed securities (ABS), as well as corporate debts, loans, and foreign sovereign bonds. Importantly, the fund has the flexibility to allocate up to 25% of its assets to high-yield bonds, further optimizing its income potential and overall investment performance. The occasional use of derivatives serves to hedge against risks or enhance the overall investment strategy, ensuring that the fund can respond dynamically to the ever-changing market landscape.
Products and Services
- U.S. Treasuries: Invests in government securities that are backed by the full faith and credit of the U.S. government, providing a secure option for capital preservation and income generation.
- Structured Products: Includes investments in mortgage-backed securities (MBS) and asset-backed securities (ABS), which offer income through interest payments while diversifying risk across different types of collateralized investments.
- Corporate Debt: Provides opportunities to invest in corporate bonds and loans from various companies, targeting those with favorable credit ratings to enhance the potential for both current income and capital preservation.
- Foreign Sovereigns: Investments in government bonds from foreign nations diversify the portfolio geographically and may improve yield opportunities while incorporating international market dynamics.
- High-Yield Bonds: The ETF may allocate up to 25% of its portfolio to high-yield bonds, offering the potential for higher income, albeit with increased risk associated with lower credit ratings.
- Derivatives for Hedging: Employs derivative instruments to hedge against market volatility, protect against potential losses, and enhance the overall investment strategy, allowing for more robust risk management.
