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CMBO

GradeCNASDAQ Global Market

Wayfinder Dynamic U.S. Interest Rate ETF

Treasury & Government Bond · Wayfinder · Inception 2025-11-04 · SEC filings

$101.69+0.02 (+0.02%)

As of Sep 23, 2026, 2:44 PM EDT

History starts Nov 4, 2025.History starts Nov 4, 2025.
Intraday session: up, 7 prints from 101.67 to 101.69. Range 101.67 to 101.69. Use the arrow keys to read each point.$101.67$101.67$101.68$101.6910 AM12 PM2 PM4 PM
Expense ratio
0.35%
Fund size
$3M
1Y return
—
Yield · Last 12 months
Data unavailable
Volume · 30D
0M sh
NAV per share
$101.62
52W range
low $100.01high $103.57

The ETF.net CMBO Grade

C

40/ 100

Rank 68 of 78 in Cash & Ultra-Short Income⁠

Confidence High

Six-pillar profile for CMBO. Scores out of 100: Cost 68, Risk 55, Mission 100, Tradability 3, Holdings 42, Durability 8. Strongest: Mission (100). Weakest: Tradability (3). Leans toward Mission.
F< 25
D≥ 25
C≥ 40
B≥ 55
A≥ 70

Score 40 of 100 sits in the C band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E. A structural cap ceilings this fund at 40, so B and A are out of reach.

Ceiling 40 · B and A out of reach

The pillars earned58This cap took−18Published score40 Grade C

  • Cost

    What you pay to own it — the expense ratio plus trading frictions, ranked within its category.
    BScore 68
    Category rank21/78 · top 27%

  • Mission

    How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.
    AScore 100
    Category rank9/64 · top 14%

  • Risk

    How violently it can move — volatility, drawdown depth, and downside capture versus its category.
    BScore 55
    Category rank22/75 · top 29%

  • Tradability

    How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.
    FScore 3
    Category rank76/78 · bottom quartile

  • Holdings

    What it actually owns — the quality, breadth, and concentration of the underlying portfolio.
    CScore 42
    Category rank61/77 · bottom quartile

  • Durability

    Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.
    FScore 8
    Category rank77/78 · bottom quartile

Graded as of Sep 22, 2026

Our read on CMBO

ETF.net Research

CMost bond funds pick a duration and live with it. CMBO is actively run to roam across fixed-income sectors, maturities and credit quality using bond ETFs and rate derivatives, at a 0.15% fee.

Stated mandate

The Fund seeks total return through an actively managed strategy focused primarily on fixed-income ETFs and derivatives referencing fixed-income instruments or indices. Its exposure may span multiple fixed-income sectors, maturities, durations, and quality levels.

Why people hold it

  1. 010.15% a year for an active mandate, well under the typical fee in its bond peer group.
  2. 02Duration is a dial, not a fixed setting: the manager can shift across sectors, maturities and quality tiers using fixed-income ETFs and rate derivatives.
  3. 03What it holds lines up closely with the fixed-income exposure its prospectus describes, so there is no drift between the pitch and the portfolio.

Worth knowing

  1. 01A small fund that trades thinly. Spreads can be wide, so limit orders matter more here than in the giant core bond ETFs.
  2. 02Launched in November 2025, so there is no long record showing how the manager handles a full rate cycle.
  3. 03Index-tracking rivals like BND and SCHZ charge 0.03%. The extra fee here buys flexibility, and outcomes ride on the manager's rate and sector calls.

CMBO Holdings

As of Sep 20, 2026, 10:19 AM
Asset class
Stocks
Holdings
—
Top-10 weight
100%
Largest holding
SPY 12/18/2026 10.01 C73.8%
The fund’s holdings, weight-ordered — page 1 of 1.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001—SPY 12/18/2026 10.01 C73.75%30$2M5
002—SPY 12/18/2026 1010.01 P23.55%30$718K1
003—First American Government Obligations Fund 12/01/20311.72%52,505$53K625
004—Cash & Other0.98%29,841$30K674

Showing 1–4 of 4 holdings

CMBO Performance

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

CMBO$10,287
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,430
Dec 31, 2025 to Sep 22, 2026. CMBO $10,287. SPY $11,430. Use the arrow keys to read each point.$9,119$10,381$11,642Dec 2025May 2026Sep 2026

Dec 31, 2025 – Sep 22, 2026

Returns run to the Sep 22, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.

Trailing total return for CMBO. Periods over one year show the average yearly return.
PeriodCMBO
Year to date+2.9%
1 month+0.3%
3 months+1.0%
1 yearFund is under 1 year old—
3 yearsFund is under 3 years old—per year
5 yearsFund is under 5 years old—per year
10 yearsFund is under 10 years old—per year

As of the close, with distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for CMBO
YearReturn barCMBO
2026 YTD+2.9%
2025+0.5%

Since listing, Nov 4, 2025

CMBO in the news

ETF.net Research hasn’t filed on CMBO yet — coverage lands here as it’s written.

CMBO Dividends

Adds up every distribution paid per share over the last 12 months, divided by the last completed close. Distributions are counted by ex-date. Data through Sep 22, 2026.
Data unavailableLast 12 months
Payout per share
Data unavailableLast 12 months
Last payment
$1.97 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Irregular

Distribution data unavailable.

Distribution history

2026

One bar per payment. 1 payment in 2026 YTD. Sep 16, 2026 $1.97. Use the arrow keys to read each point.2026YTD
Ex-datePay dateAmount per share
Sep 16, 2026Sep 17, 2026$1.97

CMBO Risk

How much the fund’s monthly returns vary, scaled to a year.
—
Launched Nov 2025; fills in after 12 months
How it’s calculated: standard deviation

The sample standard deviation of monthly total returns, multiplied by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.

Return above 3-month US Treasury bills per unit of volatility.
—
Launched Nov 2025; fills in after 12 months
How it’s calculated: Sharpe ratio

Subtract each month’s Treasury-bill return from the fund’s monthly total return.

Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.

The largest fall from a peak to the low that followed.
—
Launched Nov 2025; fills in after 12 months
How it’s calculated: maximum drawdown

The largest percentage decline from an earlier peak, using total returns with reinvested distributions.

Uses up to five years through the last close, with at least 12 months required.

How strongly the fund’s returns move with its asset-class index.
−0.002
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

CMBO Cost

Expense ratio0.35%
  • The middle half of Cash & Ultra-Short Income funds
  • Median 0.19%

66 of the 77 Cash & Ultra-Short Income funds charge less.

CMBO costs $35.00 a year on $10,000. The median Cash & Ultra-Short Income fund costs $19.00.