Category Review
Municipal bond funds are down for the year after a third-quarter selloff erased the first-half gain
OneAscent Core Plus Bond ETF
$21.73+0.01 (+0.07%)
- 0.74%
- $268M
- −2.0%
- 4.49%
- 0.1M sh
- $21.72
- low $21.58high $23.77
The ETF.net OACP Grade
C
Score 51 out of 100
- 80 of 117
Score 51 of 100 falls in the C band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.
Cost
The fund’s net expense ratio, ranked against its category.F7 out of 100Rank 109 of 117Mission
Whether the fund did what it promised, tested against its stated mandate.A100 out of 100Rank 1 of 101Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.C50 out of 100Rank 39 of 116Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.C50 out of 100Rank 59 of 117Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.A71 out of 100Rank 33 of 116Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.C49 out of 100Rank 71 of 117
Our read on OACP
COneAscent's values screens set the eligible universe; an outside institutional bond team builds the portfolio from what clears. Actively managed, pays monthly, and free to roam past the Agg into high yield, non-US dollar and emerging market debt.
The Fund seeks total return, emphasizing income while applying values-based and impact criteria. Its strategy invests primarily in a broad range of fixed-income securities and may use relative-value trading and fixed-income derivatives.
Why people hold it
- The screening is a gate, not a garnish: the adviser buys a bond only if it clears both the investment case and the values-based criteria.oneascent.com
- "Core plus" is literal here. Treasuries, corporates and securitized debt form the base, with room for below-investment-grade, non-US dollar and emerging market bonds.oneascent.com
- Day-to-day security selection is outsourced to a sub-adviser picked for scale, sector depth and embedded risk controls; OneAscent's launch materials tie the fund to Nuveen.oneascent.comoneascent.com
- The values mandate shows up in the portfolio itself, not just the brochure: holdings line up closely with the income-plus-impact strategy the fund advertises.
Worth knowing
- Screening plus active management costs money. The fee sits well above the core-bond ETF median and is a multiple of index staples like BND, SPAB and SCHZ.oneascent.com
- By design the screens shrink the opportunity set. The issuer says results may differ from decisions made on investment merit alone, so expect divergence from a plain Agg fund.oneascent.com
- Small by core-bond standards and only moderately traded, so spreads can run wider than the mega index trackers, especially on large or rushed orders.
OACP Holdings
- Bonds
- 298
- 23%
- United States Treasury Note 5.125%, Due 08/15/2046
Geography
- United States68.94%
- Canada9.74%
- France4.17%
- Ireland2.69%
- Germany1.81%
- Switzerland1.63%
- Italy1.53%
- United Arab Emirates1.21%
- 8.28%
OACP Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
Not enough history yet.Not enough history yet.
OACP$9,803
Returns run to the Oct 12, 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.
| Period | OACP |
|---|---|
| Year to date | −2.7% |
| 1 month | −1.4% |
| 3 months | −2.8% |
| 1 year | −2.0% |
| 3 years | +4.8% |
| 5 years | — |
| 10 years | — |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | OACP |
|---|---|---|
| 2026 YTD | −2.7% | |
| 2025 | +7.2% | |
| 2024 | +2.3% | |
| 2023 | +6.1% | |
| 2022 | −7.8% |
OACP in the news
OACP Dividends
- 4.49%
- $0.97
- $0.08 per share
- Monthly
Distribution history
OACP Risk
- 5.5%
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.
- −0.01
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.
- −11.8%
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.
- 0.93
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
OACP Cost
0.74%
OACP0.74%
- The middle half of US Aggregate Bond funds
- Median 0.34%
104 of the 113 US Aggregate Bond funds charge less.
Other funds in US Aggregate Bond
- CTPLSThornburg Core Plus Bond ETFExpense ratio 0.45%1 year return −1.7%
- CCRUXColumbia Core Bond ETFExpense ratio 0.32%1 year return —
- CVBNDVident U.S. Bond Strategy ETFExpense ratio 0.41%1 year return −2.0%
- CBNDCNorthern Trust Core Bond ETFExpense ratio 0.49%1 year return −2.4%
- CFIXDFirst Trust Smith Opportunistic Fixed Income ETFExpense ratio 0.65%1 year return −2.5%