6 min readBy Ron Koren ETF Insider
How does the OACP ETF work?
The OACP ETF is a specialized investment fund that focuses on a specific sector. This exchange-traded fund offers investors exposure to a range of companies in this sector.
The OneAscent Investment ETF, managed by Teachers Advisors, LLC, primarily focuses on fixed-income securities, aiming to allocate at least 80% of its assets in this space. The fund's investment scope encompasses various bond types, including U.S. Government securities, corporate bonds, taxable municipal securities, and mortgage-backed or asset-backed securities. Notably, it may include non-investment-grade bonds, commonly known as high-yield or junk bonds, albeit acknowledging their speculative nature. The investment strategy emphasizes active management, with the sub-adviser conducting thorough credit analyses, independent of rating agencies, and considering economic trends and market events. Moreover, the fund integrates values-based screening criteria to align with its socially responsible investment philosophy. Investments are evaluated based on their potential positive impact, avoiding companies engaged in activities such as abortion, production of addictive products, predatory lending, human rights violations, and severe ethical controversies. Additionally, a portion of the fund's assets is dedicated to impact investments, targeting initiatives in areas like affordable housing, renewable energy, and community development. The fund's management commits to monitoring and reporting on the impact of investments, with adjustments made if any holding no longer meets screening or impact requirements. Furthermore, the fund engages in trading techniques like mortgage rolls and relative value trading to optimize returns, along with utilizing derivatives and foreign securities within its investment strategies.
As of my last update in January 2022, I don't have access to real-time financial data, including dividend information for specific ETFs like the OneAscent Investment ETF (OACP). Dividend payments for ETFs can vary depending on various factors such as the performance of the underlying assets, expenses, and the ETF's dividend distribution policy. To obtain the most accurate and up-to-date dividend information for OACP, I recommend consulting financial news websites, the official website of the ETF issuer, or a reliable financial advisor or brokerage service. They can provide you with the latest dividend yield, frequency, and other relevant dividend-related details for OACP.
As of my last update in January 2022, I don't have access to real-time financial data, including the tracking performance of specific ETFs like the OneAscent Investment ETF (OACP). Tracking performance typically refers to how closely an ETF follows its underlying index or benchmark. Factors such as market conditions, expenses, and the ETF's investment strategy can impact its tracking performance over time. To assess the tracking performance of OACP or any ETF, you can compare its performance against its benchmark index over various time periods. Many financial websites and platforms provide tools for tracking ETF performance relative to their benchmarks. Additionally, you can review the ETF's prospectus and fact sheet, which may include information on tracking performance and tracking error. For the most current and accurate tracking performance data for OACP, I recommend consulting financial news websites, the official website of the ETF issuer, or a reliable financial data provider. These sources can offer insights into how closely OACP tracks its benchmark index and any deviations from its expected performance.
To assess the correlation of the OneAscent Investment ETF (OACP), you would typically analyze its correlation with a specific benchmark index or other assets. Correlation measures the relationship between the movements of two variables, in this case, OACP and another asset or index. A correlation coefficient ranges from -1 to 1, where: A correlation of 1 indicates a perfect positive correlation, meaning that the two variables move in the same direction. A correlation of -1 indicates a perfect negative correlation, meaning that the two variables move in opposite directions. A correlation of 0 indicates no correlation, meaning that the variables move independently of each other. To determine the correlation of OACP with a benchmark index or other assets, you would typically use statistical analysis tools or financial software that provide historical price data for both OACP and the chosen benchmark. By comparing their price movements over time, you can calculate the correlation coefficient to understand how closely they move together. It's important to note that correlation analysis can provide insights into the relationship between OACP and other assets but does not imply causation or predict future performance. Additionally, correlations can change over time due to various factors such as market conditions, economic events, and changes in investment strategies. For the most accurate and up-to-date correlation analysis of OACP, you may use financial data platforms, statistical software, or consult with a financial professional who can conduct the analysis based on your specific requirements and objectives.
The sector allocation of the OneAscent Investment ETF (OACP) can vary depending on its investment strategy and the composition of its underlying holdings. Since OACP primarily focuses on fixed-income securities, its sector allocation would predominantly reflect the sectors represented within the fixed-income market. Typically, fixed-income sectors may include: Government Bonds: These include bonds issued by governments, such as U.S. Treasury bonds and bonds issued by other sovereign nations. Corporate Bonds: Bonds issued by corporations to raise capital, which may vary in credit quality and industry representation. Municipal Bonds: Debt securities issued by states, municipalities, or other local government entities to finance public projects. Mortgage-Backed Securities (MBS): Securities backed by pools of mortgages, often issued or guaranteed by government-sponsored enterprises like Fannie Mae or Freddie Mac. Asset-Backed Securities (ABS): Securities backed by pools of assets such as auto loans, credit card receivables, or other types of consumer loans. Within these broader sectors, there may be further diversification across industries and issuers. For example, within corporate bonds, allocations may include sectors like technology, healthcare, finance, and consumer goods. Since OACP aims to incorporate values-based screening criteria and potentially impact investing considerations, its sector allocation may also reflect a tilt towards industries or issuers aligned with its socially responsible investment philosophy. This could include sectors such as renewable energy, affordable housing, community development, and environmental stewardship. For precise information on OACP's sector allocation, it's best to refer to its latest fund holdings or consult its prospectus, which provides detailed information on its investment strategy, sector allocation, and holdings. Additionally, financial data providers and investment research platforms may offer insights into OACP's sector exposure based on its holdings and investment approach.
The exposure of the OneAscent Investment ETF (OACP) encompasses various aspects, primarily focusing on fixed-income securities while incorporating values-based screening and potentially impact investing considerations. Here's a breakdown of OACP's exposure: Fixed-Income Securities: OACP invests primarily in bonds, aiming to allocate at least 80% of its assets in fixed-income instruments. These may include a broad range of investment-grade bonds such as U.S. Government securities, corporate bonds, taxable municipal securities, mortgage-backed securities (MBS), and asset-backed securities (ABS). The duration and credit quality of these securities may vary, allowing for diversification across different segments of the fixed-income market. Sector Allocation: Within the fixed-income universe, OACP's sector allocation may vary based on market conditions and its investment strategy. Common sectors include government bonds, corporate bonds across various industries, municipal bonds issued by states and local governments, and structured securities like MBS and ABS. OACP may overweight or underweight certain sectors relative to its benchmark index based on the assessment of its investment sub-adviser. Values-Based Screening: OACP integrates values-based screening criteria into its investment process to align with its socially responsible investment philosophy. This screening involves avoiding investments in companies or issuers engaged in activities deemed harmful or inconsistent with OACP's values. These activities may include involvement in abortion, production of addictive products, predatory lending practices, human rights violations, and severe ethics controversies. Impact Investing: A portion of OACP's assets may be dedicated to impact investments, targeting initiatives with potential social or environmental benefits. These investments could include publicly traded fixed-income securities financing projects related to affordable housing, community development, renewable energy, environmental stewardship, and natural resources. OACP's management team engages with issuers of these investments to promote impact reporting and alignment with responsible investment practices. Risk Management and Trading Strategies: OACP may employ various risk management techniques and trading strategies to optimize returns and manage portfolio risk. These strategies may include relative value trading, mortgage rolls, and the use of derivatives. Additionally, OACP may invest in foreign securities, including emerging markets fixed-income securities and non-dollar-denominated instruments, to diversify its exposure across different regions and currencies. Overall, OACP's exposure is shaped by its focus on fixed-income securities, integration of values-based screening and potential impact investing considerations, and implementation of risk management and trading strategies to achieve its investment objectives. For precise details on OACP's exposure, investors should refer to its latest fund holdings, prospectus, and other official documents provided by the fund issuer.
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