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BFIXBuild Bond Innovation ETF

Get income4y track recordRanked #1,170 of 1,650 in this goal

Seeks capital appreciation and risk mitigation.

By Build Asset Management, LLC · Launched 2022

Annual Cost

0.45%

#2,233 of 5,854 · average

Fund Size

$12M

#4,797 of 5,854 · small

Dividend YieldGoal

3.58%

Track Record

4 years

#2,549 of 5,854 · seasoned

Performance

Total-return NAV · USD
Growth of $10,000
$10,303+3.0%

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

What's inside

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 = 47.5% of fundmoderately concentrated

US TREASURY N/B
7.2%
US TREASURY N/B
5.2%
US TREASURY N/B
5.2%
US TREASURY N/B
5.1%
US TREASURY N/B
5.1%
US TREASURY N/B
4.2%
US TREASURY N/B
4.1%
US TREASURY N/B
3.9%
US TREASURY N/B
3.8%
US TREASURY N/B
3.6%

Asset allocation

Bonds
96.7%
Stocks
1.7%
Other
0.9%
Cash
0.7%

Risk profile

Last 12 months · Sharpe & Sortino need 3+ years
Volatility (1Y)
2.8%Low

Year-on-year price swings

Max drawdown
-8.0%Mild

Worst peak-to-trough loss

Sharpe (3Y)
0.67Decent risk-adjusted returns
Sortino (3Y)
1.00Good downside protection

Bond profile

Duration

3.9 years

Avg maturity

9.9 years

Credit ratings

US Government
66.1%
AAA
0.6%
AA
63.3%
A
16.2%
BBB
19.5%
Other
0.4%

Listing

Exchange
NYSE Arca

Full fund details

Objective
Seeks capital appreciation and risk mitigation.
Strategy
Actively manages a portfolio of U.S. dollar-denominated, investment-grade bonds from U.S. and non-U.S. issuers, alongside an Equity Option Overlay Strategy using long call and put options. Aims for capital appreciation while mitigating risk through a moderate duration and investment-grade quality profile.
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

The big yield isn't extra money

The headline distribution comes from selling call options, which caps the fund's upside. Across a full market cycle that trade costs more than it brings in — often 1 to 3 percentage points a year against just holding the index. Monthly payouts make the gap easy to miss on a return summary.

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

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 2026-08-03