CAFX

Congress Intermediate Bond ETF

$25.01

+0.00%

Market closed. Last update: 10:51 PM ET

📎 Investment Objective

The Congress Intermediate Bond ETF (CAFX) seeks to provide current income and capital preservation by investing in a diversified portfolio of intermediate-term fixed income securities.

Overview

ETF tracking Congress Intermediate Bond ETF

Category Fixed Income

Issuer Other

Inception Date 2024-09-10

Market Cap $362.1M

Average Volume N/A

Dividend Yield 3.23%

52-Week Range $24.30 - $25.33

VWAP $25.02

Performance

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Investment Summary

📎 Investment Objective

The Congress Intermediate Bond ETF (CAFX) seeks to provide current income and capital preservation by investing in a diversified portfolio of intermediate-term fixed income securities.

🎯 Investment Strategy

The ETF invests primarily in investment-grade corporate bonds, U.S. government bonds, and other fixed income instruments with intermediate-term maturities, typically 3 to 10 years. The fund's portfolio is actively managed to maintain an average duration of 4 to 7 years.

✨ Key Features

Focuses on investment-grade intermediate-term bonds for income and stability
Actively managed portfolio to manage interest rate risk
Low expense ratio of 0.00%
Relatively low volatility compared to longer-term bond funds

⚠️ Primary Risks

Interest rate risk: The fund's value may decline when interest rates rise
Credit risk: The fund is exposed to the risk of bond issuers defaulting on payments
Liquidity risk: Less liquid bonds may be difficult to sell at desired prices
Reinvestment risk: Proceeds from maturing bonds may need to be reinvested at lower yields

👤 Best For

The Congress Intermediate Bond ETF may be suitable for investors seeking current income, capital preservation, and moderate risk exposure within the fixed income allocation of their portfolio. It is best suited for investors with a medium-term investment horizon who are willing to accept some interest rate and credit risk in exchange for higher yields than short-term bonds.