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Beacon

CPLSAB Core Plus Bond ETF

Grow my moneyGet income2y track recordRanked #682 of 1,622 in this goal

Seeks to maximize total return through current income and long-term capital appreciation.

By AllianceBernstein · Launched 2023

Annual Cost

0.30%

#1,472 of 5,562 · low cost

Fund Size

$215M

#2,259 of 5,562 · mid-size

Return (1Y)Goal

+5.0%

Track Record

2 years

#3,335 of 5,562 · seasoned

Performance

Total-return NAV · USD
Growth of $10,000
$10,486+4.9%

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

Classification

How Beacon categorizes this fund

Asset class

Fixed income

Region

North america

Strategy

Active selection

What it actually holds

By weight

Concentration

Top 10 holdings = 32.1% of fund✓ well diversified

Alliance Bernstein
5.6%
United States Treasury
3.7%
United States Treasury
3.5%
United States Treasury
3.3%
United States Treasury
3.2%
United States Treasury
3.1%
United States Treasury
2.8%
United States Treasury
2.4%
United States Treasury
2.3%
United States Treasury
2.2%

Asset allocation

Bonds
95.6%
Cash
4.4%

Risk profile

Last 12 months · Sharpe & Sortino need 3+ years
Volatility (1Y)
3.9%Low

Year-on-year price swings

Max drawdown
-4.4%Mild

Worst peak-to-trough loss

Sharpe (3Y)
Unavailable

Needs 3+ years of history

Sortino (3Y)
Not yet

Needs 3+ years of history

Bond profile

Duration

4.6 years

Avg maturity

9.8 years

Credit ratings

US Government
48.1%
AAA
15.3%
AA
50.9%
A
17.1%
BBB
11.5%
BB
3.9%
B
2.2%
Below B
0.1%

Where to buy

Listing

Exchange
NASDAQ Global Select Market

Full fund details

Objective
Seeks to maximize total return through current income and long-term capital appreciation.
Strategy
Invests primarily in fixed-income securities, including corporate bonds and asset-backed securities. Employs a dynamic multifactor approach for security selection, considering factors like value, momentum, and quality. May use leverage and invest in both U.S. and foreign debt securities.
Inception date
December 12, 2023
Fund family
AllianceBernstein

Our take

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

Closet indexing
Warning

Closet indexer — active fees, passive behavior

This fund charges active-management fees but closely tracks its benchmark index. You may be paying a premium for active management that does not meaningfully exist — a combination of high R² versus the benchmark, low tracking error, and a TER sitting well above the passive peer-group median.

R²
85.8%
TE
1.9%
Beta
0.92
Fee
4× 0.07%

Source: Cremers & Petajisto (2009) · Amihud & Goyenko (2013) · ESMA (2016)

Why we flagged this: strategy=active_selection + low_tracking_error+near_market_beta+fee_premium

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