Why One Fund Established a $30 Million Bet on This Bond ETF

Core Viewpoint - Larson Financial Group has increased its position in the JPMorgan Active Bond ETF (JBND) by purchasing 167,756 shares, reflecting a strategic shift towards income generation and active bond selection in a volatile market environment [2][3][11]. Fund Purchase Details - Larson Financial Group disclosed the purchase of 167,756 shares of JBND in its quarterly report, raising its total holdings to 547,165 shares valued at $29.63 million as of September 30 [3][7]. - The purchase resulted in an estimated position increase of $9.30 million [2][7]. Fund Performance Metrics - As of the latest report, JBND represents 1.0% of the fund's assets under management (AUM), which totals $4.26 billion [4][5]. - The current price of JBND shares is $54.00, reflecting a 3% increase over the past year, while the S&P 500 has gained 17% in the same period [4]. Investment Strategy - JBND aims to outperform the Bloomberg U.S. Aggregate Bond Index over a 3–5 year market cycle through active bond selection and portfolio management, with a policy to invest at least 80% of its assets in bonds [9][10]. - The fund is characterized as an actively managed ETF with an annualized dividend yield of approximately 4% [10][12]. Portfolio Composition - The fund's portfolio includes over 1,300 investment-grade holdings with an average duration of just over six years, focusing on Treasuries and agency mortgage-backed securities for stability while incorporating corporate exposure for additional income [12][13]. - JBND is positioned to serve institutional and income-oriented investors, emphasizing broad diversification and active risk management [10][12].