Category Review
Municipal bond funds are down for the year after a third-quarter selloff erased the first-half gain
Weitz Core Plus Bond ETF
$24.36+0.03 (+0.11%)
- 0.45%
- $252M
- −0.5%
- 4.78%
- 0.1M sh
- $24.30
- low $24.11high $27.52
The ETF.net WCPB Grade
B
Score 58 out of 100
- 64 of 117
Score 58 of 100 falls in the B 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.D26 out of 100Rank 83 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.B67 out of 100Rank 19 of 116Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.B58 out of 100Rank 38 of 117Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.C49 out of 100Rank 74 of 116Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.D38 out of 100Rank 88 of 117
Our read on WCPB
BWeitz has been an independent Omaha shop since 1983. In 2025 it put its fixed income playbook in an ETF: an actively run core bond portfolio that hunts income in the mortgage and asset-backed corners the Agg leaves thin.
The fund's primary objectives are current income and capital preservation.
Why people hold it
- Built to roam where the Agg does not. The fund's own materials point to agency and non-agency mortgages, asset-backed paper and select corporate credit as the "plus" in core plus.weitzinvestments.com
- Income comes first in the mandate: current income and capital preservation are the stated objectives, and cash goes out monthly.
- Not a new idea in a new wrapper. Weitz runs the same research-driven fixed income process it has used in its mutual funds, and the ETF discloses its holdings daily.businesswire.comweitzinvestments.com
- What sits in the portfolio lines up closely with the income-and-preservation mandate on the label, which is not a given among active bond funds.
Worth knowing
- 0.45% a year sits above the 0.36% category median and far above 0.03% index trackers like BND and SPAB. You are paying for active judgment, not index replication.
- It opened in August 2025, so the record is short and trading is lighter than the category's giants, which can mean wider spreads on the way in and out.
- Stepping outside the Agg into structured credit means results can diverge from a plain aggregate index fund, in either direction.weitzinvestments.com
WCPB Holdings
- Bonds
- 190
- 27%
- T 4 3/8 05/15/40
WCPB 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.Not enough history yet.
WCPB$9,948
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 | WCPB |
|---|---|
| Year to date | −1.2% |
| 1 month | −1.3% |
| 3 months | −2.3% |
| 1 year | −0.5% |
| 3 years | — |
| 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 | WCPB |
|---|---|---|
| 2026 YTD | −1.2% | |
| 2025 | +2.9% |
WCPB in the news
WCPB Dividends
- 4.78%
- $1.16
- $0.11 per share
- Monthly
Distribution history
WCPB Risk
- 4.1%
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.
- −0.72
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.
- −3.9%
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.
- 0.11
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
WCPB Cost
0.45%
WCPB0.45%
- The middle half of US Aggregate Bond funds
- Median 0.34%
79 of the 113 US Aggregate Bond funds charge less.
Other funds in US Aggregate Bond
- BSCECSterling Capital Enhanced Core Bond ETFExpense ratio 0.39%1 year return −2.1%
- BTCPBThrivent Core Plus Bond ETFExpense ratio 0.39%1 year return −2.1%
- BCPLSAlliance Bernstein - AB Core Plus Bond ETFExpense ratio 0.30%1 year return −2.4%
- BTOTLState Street DoubleLine Total Return Tactical ETFExpense ratio 0.55%1 year return −2.6%
- BAGGSHarbor Disciplined Bond ETF (AGGS)Expense ratio 0.35%1 year return −1.3%