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BFIXBuild Bond Innovation ETF

Get income4y track recordRanked #1,209 of 1,622 in this goal

Seeks capital appreciation and risk mitigation.

By Build Asset Management, LLC · Launched 2022

Annual Cost

0.45%

#2,223 of 5,562 · average

Fund Size

$12M

#4,674 of 5,562 · small

Dividend YieldGoal

3.52%

Track Record

4 years

#2,610 of 5,562 · seasoned

Performance

Total-return NAV · USD
Growth of $10,000
$10,393+3.9%

Total-return NAV, USD. Net of fund fees, before tax.

Classification

How Beacon categorizes this fund

Asset class

Fixed income

Region

North america

Strategy

Option income

Focus

Private Equity

What it actually holds

By weight

Concentration

Top 10 holdings = 53.5% of fundmoderately concentrated

US TREASURY N/B
11.7%
US TREASURY N/B
6.7%
US TREASURY N/B
6.0%
US TREASURY N/B
5.8%
US TREASURY N/B
4.6%
US TREASURY N/B
4.4%
US TREASURY N/B
4.3%
US TREASURY N/B
4.0%
US TREASURY N/B
3.1%
US TREASURY N/B
2.8%

Asset allocation

Bonds
93.7%
Stocks
3.2%
Cash
2.3%
Other
0.9%

Risk profile

Last 12 months · Sharpe & Sortino need 3+ years
Volatility (1Y)
2.9%Low

Year-on-year price swings

Max drawdown
-8.0%Mild

Worst peak-to-trough loss

Sharpe (3Y)
0.76Decent risk-adjusted returns
Sortino (3Y)
1.13Good downside protection

Bond profile

Duration

3.9 years

Avg maturity

10.0 years

Credit ratings

US Government
65.2%
AAA
0.6%
AA
63.3%
A
16.2%
BBB
19.5%
Other
0.4%

Where to buy

Listing

Exchange
NYSE Arca

Full fund details

Objective
Seeks capital appreciation and risk mitigation.
Strategy
Actively managed ETF investing primarily in U.S. dollar-denominated investment-grade bonds and private credit instruments. Uses long call and put options linked to equity performance for additional returns.
Inception date
February 9, 2022
Fund family
Build Asset Management, LLC

Our take

Structural notes on how this fund behaves. Read our guide on the 6 warning signs.

Covered call
Warning

Covered call ETF — yield ≠ total return

The high distribution yield is not free income — it comes from selling upside via call options. Research finds these strategies systematically underperform their underlying index over full cycles, typically by 100–300 basis points per year depending on the option-overlay design. The monthly distributions make the shortfall hard to see in return summaries.

Source: Israelov & Ndong, 'A Devil's Bargain: When Generating Income Undermines Investment Returns' (NDVR, 2023)

Why we flagged this: strategy=option_income + option_income_strategy

Educational analysis of structural product characteristics. Not investment advice. Always read the fund prospectus and consult a qualified advisor before investing. More

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Data updated on 2026-06-19