Skip Navigation

Investments

Enhanced Core Bond ETF

Contact Us

Overview

Inception Date

03.14.2025

Type

Active Fixed Income ETF

CUSIP

14064D444

Primary Exchange

CBOE BZX Exchange, Inc.

Ticker Benchmark Expense Ratio NAV Closing Market Price Premium/Discount 30-Day Median
Bid/Ask Spread
Fact Sheet
SCEC Bloomberg U.S. Aggregate Bond Index 0.39% $25.55 $25.59 $0.04 0.0004% PDF

The performance data quoted here represents past performance. Current performance may be lower or higher than the performance data quoted above. Past performance is no guarantee of future results. The investment return and principal value of an investment will fluctuate so that investor's shares, when redeemed, may be worth more or less than their original cost. For performance information current to the most recent month-end, please call toll-free 888-637-7798. Total annual fund operating expenses are 0.39%. Please review the fund’s prospectus for more information regarding the fund’s fees and expenses. Beginning November 2, 2020, market price returns are calculated using the closing price and account for distributions from the funds. Prior to November 2, 2020, market price returns were calculated using the midpoint price and accounted for distributions from the fund. The midpoint is the average of the bid-ask prices at 4:00 PM ET (when NAV is normally determined for most funds). 

30-Day Median Bid-Ask Spread is defined as the average difference between the highest price a buyer is willing to pay and the lowest price the seller is willing to accept, over the past 30 days.

Investment Objective

The Sterling Capital Enhanced Core Bond ETF seeks a high level of current income and a competitive total return. It seeks to provide total return through a combination of income and capital appreciation by investing in a diversified portfolio of fixed income securities. The ETF implements an "enhanced core" strategy by allocating assets between investment-grade bonds and high-yield, high-risk bonds to achieve its performance objectives.

Philosophy

In managing the portfolio, the portfolio management team uses a “top-down” investment management approach focusing on interest rate risk, allocation among sectors, credit risk, and individual securities selection. The team focuses on macro trends in the economy to establish a duration target that reflects the outlook for the future direction of interest rates. For yield curve management, in addition to the trend in interest rates, other factors such as future inflation expectations, supply factors and future interest rate expectations are considered. Sector weightings are driven by a combination of the team’s macro view on interest rates and volatility as well as relative spread analysis (a comparison of current and historical valuation relationships between various sectors). Utilizing fundamental analysis, the team then selects individual securities consistent with the target by looking for the best relative values within particular sectors. The analysis includes an attempt to understand the structure and embedded features of potential securities.

Enhanced Core Bond ETF

Management

View professional designations disclosures

Photo of Mark Montgomery

Mark Montgomery, CFA®

Co-Portfolio Manager

Photo of Peter Brown

Peter Brown, CFA®

Co-Portfolio Manager

Photo of Robert Brown

Robert Brown, CFA®

Co-Portfolio Manager

Performance

Performance as of 09.11.2025

Term 1 Day 1 Mo. 3 Mo. 6 Mo. 1 Yr. QTD YTD Since Inception
NAV 0.16% 2.01% 3.85% - - 2.49% 4.17% 4.17%
Closing Market Price 0.20% 1.92% 3.80% - - 2.40% 4.32% 4.32%

Quarter-End Performance as of 06.30.2025

Term 1 Mo. QTR 1 Yr. Since Inception
NAV 1.62% 1.11% - 1.64%
Closing Market Price 1.53% 1.03% - 1.88%

The performance data quoted here represents past performance. Current performance may be lower or higher than the performance data quoted above. Past performance is no guarantee of future results. The investment return and principal value of an investment will fluctuate so that investor's shares, when redeemed, may be worth more or less than their original cost. For performance information current to the most recent month-end, please call toll-free 888-637-7798. Total annual fund operating expenses are 0.39%. Please review the fund’s prospectus for more information regarding the fund’s fees and expenses. Beginning November 2, 2020, market price returns are calculated using the closing price and account for distributions from the funds. Prior to November 2, 2020, market price returns were calculated using the midpoint price and accounted for distributions from the fund. The midpoint is the average of the bid-ask prices at 4:00 PM ET (when NAV is normally determined for most funds). 

30-Day Median Bid-Ask Spread is defined as the average difference between the highest price a buyer is willing to pay and the lowest price the seller is willing to accept, over the past 30 days.

Historical Premium/Discount

Term Cal. Yr. 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025
Days at premium - - 12 62 51
Days at discount - - - - -

The Premium/Discount shows the difference between the daily market price of the Fund’s shares and the Fund’s net asset value (“NAV”). Beginning November 2, 2020, market price data will be reflecting the official closing price. Prior to November 2, 2020, market price data is shown as the midpoint price. The midpoint is the average of the bid-ask prices at 4:00 PM ET (when NAV is normally determined for most funds). The table shows the premium or discount of the Mid-Point price as a percentage of the NAV as well as the number of trading days the Fund traded within the given premium/discount range. This data is provided for information purposes only and is not intended for trading purposes. Past performance does not guarantee future results.

Portfolio Holdings as of 09.11.2025

Download
CUSIP Description Quantity Portfolio Weight
066043AG5 BANK5 2024-5YR6 AS 2,000,000 0.45%
34966XAA6 FORTRE 6 1/4 04/01/30 639,000 0.14%
61691NAE5 MSC 2017-HR2 A4 300,000 0.06%
09247XAR2 BLK 1.9 01/28/31 1,027,000 0.19%
118230AW1 BPL 6 3/4 02/01/30 240,000 0.05%
31427NFN4 FR SL1072 4,669,190 0.97%
55617LAQ5 M 5 7/8 03/15/30 820,000 0.17%
378272CA4 GLENLN 5.673 04/01/35 884,000 0.19%
149123CL3 CAT 5.2 05/15/35 618,000 0.14%
04016NBH5 ARES 2017-44A A1RR 4,016,000 0.85%
025816DZ9 AXP 5.442 01/30/36 823,000 0.18%
50076QAE6 KHC 5 06/04/42 781,000 0.15%
76209PAD5 RGA 5 1/2 01/11/31 441,000 0.10%
00206RJZ6 T 3 1/2 06/01/41 1,399,000 0.24%
78397DAD0 SECBEN 7.2 10/30/34 422,000 0.09%
912810UC0 T 4 1/4 08/15/54 12,621,200 2.49%
00206RGQ9 T 4.3 02/15/30 675,000 0.14%
571676BA2 MARS 5.2 03/01/35 1,077,000 0.23%
08163YAC5 BMARK 2024-V7 A3 200,000 0.04%
023135CA2 AMZN 2 7/8 05/12/41 961,000 0.16%
06051GMQ9 BAC 5.744 02/12/36 1,087,000 0.24%
548661DY0 LOW 1.7 10/15/30 800,000 0.15%
31427MQA2 FR SL0448 5,814,258 1.20%
3132DMZC2 FR SD0739 10,069,258 1.99%
8426EPAH1 SO 4.95 09/15/34 908,000 0.19%
645370AG2 NWHM 8 1/2 11/01/30 456,000 0.10%
90932LAH0 UAL 4 5/8 04/15/29 773,000 0.16%
05554VAE0 BBCMS 2024-5C25 AS 485,000 0.11%
247361A32 DAL 5 1/4 07/10/30 740,000 0.16%
06541DBH6 BANK 2023-BNK46 A4 200,000 0.05%
61691GAS9 MORGAN STANLEY BAML 500,000 0.10%
23338VAS5 DTE 5.2 04/01/33 875,000 0.19%
24703TAP1 DELL 5 1/2 04/01/35 743,000 0.16%
05554VAB6 BBCMS 2024-5C25 A3 1,535,000 0.34%
68269HAA3 OMFIT 2023-2A A1 1,385,000 0.30%
9128286B1 T 2 5/8 02/15/29 4,941,000 1.01%
46647TAS7 JPMCC 2017-JP5 A5 175,000 0.04%
682691AK6 OMF 7 1/8 09/15/32 474,000 0.10%
3132DUVM6 FR SD6920 6,728,584 1.40%
428102AG2 HESM 6 1/2 06/01/29 411,000 0.09%
19416MAB5 PR 5 7/8 07/01/29 836,000 0.18%
91282CFV8 T 4 1/8 11/15/32 6,526,400 1.40%
23331ABT5 DHI 4.85 10/15/30 426,000 0.09%
48250AAA1 KKR 5 1/8 06/01/44 492,000 0.10%
91159HJL5 USB 4.839 02/01/34 589,000 0.13%
04364VAX1 ASCRES 6 5/8 10/15/32 415,000 0.09%
92345YAL0 VRSK 5 1/4 03/15/35 722,000 0.16%
30303M8V7 META 5.4 08/15/54 778,000 0.16%
17327FAD8 CGCMT 2018-B2 A4 2,000,000 0.42%
12189LAG6 BNSF 4.95 09/15/41 706,000 0.15%
95000U3V3 WFC 5.605 04/23/36 1,315,000 0.29%
95000U2G7 WFC 2.879 10/30/30 1,142,000 0.23%
682684AA3 ODART 2025-1A A 4,500,000 0.99%
14314FAY4 CGMS 2017-3A A1R2 2,275,056 0.48%
980236AV5 WDSAU 6 05/19/35 699,000 0.15%
081927AB1 BMARK 2024-V6 A3 100,000 0.02%
61744YAK4 MS 3.591 07/22/28 1,318,000 0.27%
3140XQAJ6 FN FS8108 211,569 0.04%
68269JAE1 OMFIT 2023-1A A 1,950,000 0.43%
125896BL3 CMS 4.7 03/31/43 735,000 0.14%
532457DF2 LLY 5.55 10/15/55 157,000 0.03%
606822CB8 MUFG 2.494 10/13/32 897,000 0.17%
91282CJZ5 T 4 02/15/34 25,806,500 5.48%
12661PAC3 CSLAU 4 1/4 04/27/32 697,000 0.15%
31427PAN4 FR SL1812 2,299,886 0.50%
92212KAH9 VDC 2025-1A A2 2,270,000 0.48%
69335PFU4 PFSFC 2025-B A 3,740,000 0.80%
29278NAQ6 ETP 3 3/4 05/15/30 567,000 0.12%
46188BAD4 INVH 4.15 04/15/32 508,000 0.10%
185899AQ4 CLF 6 7/8 11/01/29 398,000 0.09%
081927AE5 BMARK 2024-V6 AS 1,750,000 0.39%
861932AA9 ATSG 7 1/4 03/15/32 415,000 0.09%
05635JAB6 BACARD 5.4 06/15/33 818,000 0.18%
443201AC2 HWM 4.85 10/15/31 66,000 0.01%
64134BAJ9 NEUB 2021-41A AR 3,031,000 0.64%
081919AN2 BMARK 2024-V9 A3 3,500,000 0.77%
912810SP4 T 1 3/8 08/15/50 30,192,000 3.24%
641423CH9 BRKHEC 6 1/4 05/15/55 409,000 0.09%
529043AE1 LXP 2.7 09/15/30 656,000 0.13%
46647PDH6 JPM 4.912 07/25/33 1,111,000 0.24%
35671DBC8 FCX 5.45 03/15/43 863,000 0.18%
81685VAA1 SRE 3 1/4 01/15/32 807,000 0.15%
06051GHD4 BAC 3.419 12/20/28 1,832,000 0.38%
26442UAE4 DUK 3.6 09/15/47 1,173,000 0.19%
031162DQ0 AMGN 5 1/4 03/02/30 1,085,000 0.24%
06051GLH0 BAC 5.288 04/25/34 812,000 0.18%
12548JAN2 CIFC 2017-3A AR 5,000,000 1.06%
3140XCUL0 FN FM8686 9,371,201 1.71%
3140XR3K9 FN FS9801 7,475,390 1.60%
98978VAX1 ZTS 5 08/17/35 509,000 0.11%
08163TAC6 BMARK 2023-V2 A3 1,141,000 0.25%
08163XAY9 BMARK 2024-V5 A3 1,865,000 0.41%
3140W0WC5 FN FA0642 8,472,149 1.62%
61747YFE0 MS 5 1/4 04/21/34 1,626,000 0.36%
44891ADX2 HYNMTR 5.4 06/23/32 212,000 0.05%
054989AB4 BATSLN 6.421 08/02/33 772,000 0.18%
00929JAC0 AYR 5 09/15/30 936,000 0.20%
25278XAZ2 FANG 5.4 04/18/34 676,000 0.15%
91825CAE5 VDCM 2025-AZ C 739,000 0.16%
65339KBZ2 NEE 2.44 01/15/32 1,034,000 0.19%
05377RFP4 AESOP 2022-4A A 3,500,000 0.75%
95000AAU1 WFCM 2015-P2 A4 572,712 0.12%
87264ADD4 TMUS 6 06/15/54 1,108,000 0.25%
097023DQ5 BA 6.298 05/01/29 582,000 0.13%
71845JAC2 PECO 4.95 01/15/35 706,000 0.15%
42806MBW8 HERTZ 2023-2A A 3,655,000 0.80%
831943AA3 SMB 2024-A A1A 3,321,079 0.72%
26243EAR2 DRSLF 2017-53A BR 2,673,000 0.56%
31427NVQ9 FR SL1522 4,842,664 1.06%
620076CA5 MSI 4.85 08/15/30 727,000 0.16%
862121AC4 STOR 2 3/4 11/18/30 861,000 0.17%
50202CAJ3 LCM 33A AR 4,182,000 0.88%
3132DP4Y1 FR SD2639 3,110,982 0.65%
29364WBN7 ETR 5.7 03/15/54 972,000 0.21%
3140XLCH9 FN FS4571 362,582 0.08%
80288DAD8 SDART 2025-1 B 2,550,000 0.54%
55607PAG0 MQGAU 2.691 06/23/32 1,289,000 0.25%
816851BH1 SRE 3.8 02/01/38 872,000 0.16%
066043AB6 BANK5 2024-5YR6 A3 2,500,000 0.56%
185899AS0 CLF 7 1/2 09/15/31 417,000 0.09%
75513ECW9 RTX 6.1 03/15/34 661,000 0.15%
891950AA5 TALNT 2025-1A A 4,415,000 0.95%
501797AL8 BBWI 6 7/8 11/01/35 876,000 0.19%
912810RK6 T 2 1/2 02/15/45 24,772,900 3.78%
95000U3A9 WFC 4.808 07/25/28 994,000 0.21%
68389XDC6 ORCL 6 1/8 08/03/65 885,000 0.19%
86765LAT4 SUN 4 1/2 05/15/29 644,000 0.13%
31427MYA3 FR SL0704 6,973,050 1.45%
59001ABG6 MTH 5.65 03/15/35 626,000 0.14%
BBHETFMM BBH SWEEP VEHICLE 1,760,796 0.37%
03770DAB9 APODS 6.9 04/13/29 832,000 0.18%
00774MBE4 AER 6.15 09/30/30 480,000 0.11%
12595EAD7 COMM 2017-COR2 A3 1,300,000 0.27%
3140XGHK8 FN FS1133 5,565,606 1.13%
00973RAF0 AKERBP 3 3/4 01/15/30 952,000 0.19%
3140QRXK4 FN CB6081 5,500,619 1.18%
45344LAG8 CRGYFN 8 3/8 01/15/34 710,000 0.15%
61767YAZ3 MSC 2018-H3 A5 908,000 0.19%
91282CGQ8 T 4 02/28/30 13,143,000 2.82%
12515GAD9 CD 2017-CD3 A4 880,000 0.18%
682691AE0 OMF 7 7/8 03/15/30 413,000 0.09%
RECPAY Receivables/Payables 3,365,340 0.71%
42824CCA5 HPE 4.4 10/15/30 851,000 0.18%
06764MAC8 MMAF 2025-A A3 4,463,000 0.96%
04686JAJ0 ATH 6 5/8 10/15/54 665,000 0.14%
49326EEJ8 KEY 2.55 10/01/29 489,000 0.10%
36267VAH6 GEHC 5.857 03/15/30 816,000 0.18%
893521AB0 Y 8 11/30/39 520,000 0.14%
3140XQVA2 FN FS8708 387,611 0.08%
29375QAD0 EFF 2024-3 A4 155,000 0.03%
17888HAD5 CIVI 9 5/8 06/15/33 685,000 0.15%
3140W0S97 FN FA0543 3,233,019 0.59%
30225VAV9 EXR 4.95 01/15/33 376,000 0.08%
3140W0GL3 FN FA0202 3,847,805 0.83%
31427MYM7 FR SL0715 5,892,930 1.24%
46647PEB8 JPM 5.012 01/23/30 1,709,000 0.37%
645370AF4 NWHM 9 1/4 10/01/29 641,000 0.14%
86562MCB4 SUMIBK 2.13 07/08/30 1,083,000 0.21%
78397DAC2 SECBEN 6 1/2 PERP 490,000 0.10%
15189XBE7 CNP 5.15 03/01/34 668,000 0.15%
03743QAS7 APA 6 3/4 02/15/55 542,000 0.11%
858119BQ2 STLD 5 3/8 08/15/34 748,000 0.16%
59001ABD3 MTH 3 7/8 04/15/29 465,000 0.10%
55336VAM2 MPLX 4 1/2 04/15/38 771,000 0.15%
200340AW7 CMA 5.982 01/30/30 538,000 0.12%
891160MJ9 TD 3 5/8 09/15/31 857,000 0.18%
06211FAV0 BANK5 2023-5YR4 A3 3,462,454 0.77%
50155QAL4 KD 3.15 10/15/31 647,000 0.12%
05556CAC4 BBCMS 2025-5C36 A3 1,665,000 0.37%
034863BD1 AALLN 5 1/2 05/02/33 694,000 0.15%
03990BAA9 ARES 6 3/8 11/10/28 426,000 0.10%
875484AL1 SKT 2 3/4 09/01/31 683,000 0.13%
3140XKGT1 FN FS3809 356,493 0.07%
02608AAA7 RTL 4 1/2 09/30/28 1,078,000 0.22%
04686JAG6 ATH 5 7/8 01/15/34 1,235,000 0.27%
3140QBG93 FN CA3823 4,300,041 0.88%
85571BBE4 STWD 6 1/2 10/15/30 912,000 0.20%
161175CQ5 CHTR 6.1 06/01/29 518,000 0.12%
595017BL7 MCHP 5.05 02/15/30 430,000 0.09%
718172DA4 PM 5 1/8 02/15/30 655,000 0.14%
065931AZ0 BANK5 2024-5YR5 A3 1,189,928 0.26%
161175CP7 CHTR 6.65 02/01/34 218,000 0.05%
37892AAA8 GNL 3 3/4 12/15/27 480,000 0.10%
337738BN7 FI 5.15 08/12/34 714,000 0.15%
69867RAA5 TIHLLC 7 1/8 06/01/31 1,046,000 0.23%
06211EAP6 BANK5 2023-5YR3 AS 4,150,000 0.94%
025676AQ0 ANGINC 6 07/15/35 682,000 0.15%
172967PM7 C 7 PERP 400,000 0.09%
446150BC7 HBAN 6.208 08/21/29 644,000 0.14%
350930AC7 FABSJV 6.15 01/25/32 1,039,000 0.23%
12515ABE9 CD 2016-CD2 A4 285,000 0.06%
05523RAJ6 BALN 5 1/8 03/26/29 632,000 0.14%
3140XDQS8 FN FM9464 1,248,192 0.24%
126650EF3 CVS 6.05 06/01/54 730,000 0.16%
87612GAF8 TRGP 6 1/2 03/30/34 623,000 0.14%
46647PFC5 JPM 5.576 07/23/36 432,000 0.09%
682691AL4 OMF 6 1/8 05/15/30 437,000 0.09%
3140QKZB7 FN CB0737 10,444,503 1.96%
31427M2B6 FR SL0769 1,882,425 0.41%
08164RAC9 BMARK 2025-V16 A3 900,000 0.20%
46284VAN1 IRM 4 1/2 02/15/31 1,217,000 0.25%
3140QUWR3 FN CB8755 9,268,477 2.02%
31425UR80 FR QX0510 6,979,974 1.47%
3132E0GX4 FR SD3814 361,948 0.08%
11135FBV2 AVGO 4.926 05/15/37 1,050,000 0.22%
161175CR3 CHTR 6.55 06/01/34 907,000 0.21%
29365BAA1 ENTG 4 3/4 04/15/29 960,000 0.20%
46266TAF5 IQV 6 1/4 02/01/29 603,000 0.13%
585270AA9 MYLIFE 5.2 10/20/45 750,000 0.16%
37959GAF4 GBLATL 6 3/4 03/15/54 306,000 0.07%
404119CQ0 HCA 5 1/2 06/01/33 785,000 0.17%
852060AT9 S 8 3/4 03/15/32 736,000 0.19%
06644EAG3 BANK5 2023-5YR1 A3 1,390,000 0.31%
316773DE7 FITB 4.055 04/25/28 844,000 0.18%
961214DF7 WSTP 4.322 11/23/31 1,001,000 0.21%
06211FBA5 BANK5 2023-5YR4 AS 200,000 0.05%
47077WAC2 JANEST 7 1/8 04/30/31 836,000 0.19%
505742AR7 LADR 7 07/15/31 779,000 0.17%
26444HAR2 DUK 6.2 11/15/53 1,180,000 0.28%
78573NAL6 SABHLD 10 3/4 11/15/29 781,000 0.16%
02005NBW9 ALLY 5.543 01/17/31 858,000 0.19%
3132DQWP7 FR SD3354 8,949,955 1.89%
3133KN7C1 FR RA7191 1,494,659 0.29%
78432MAA3 SECBEN 5 1/8 11/13/26 824,000 0.17%
071813CS6 BAX 2.539 02/01/32 783,000 0.15%
097023CV5 BA 5.705 05/01/40 1,046,000 0.23%
174610BF1 CFG 5.841 01/23/30 491,000 0.11%
366651AC1 IT 4 1/2 07/01/28 677,000 0.14%
29359UAC3 ESGR 3.1 09/01/31 469,000 0.09%
68622TAB7 OGN 5 1/8 04/30/31 1,200,000 0.22%
33767BAJ8 FE 4 3/4 01/15/33 1,096,000 0.23%
055986AC7 BMO 2023-5C1 A3 3,260,000 0.72%
36143L2L8 GBLATL 5 1/2 01/08/29 675,000 0.15%
31427M3F6 FR SL0797 3,938,656 0.86%
05377RJK1 AESOP 2024-3A A 250,000 0.05%
3137H84C2 FHR 5243 B 9,217,578 1.89%
17308CC53 C 2.976 11/05/30 1,993,000 0.40%
08163VAC1 BMARK 2023-V3 A3 3,222,000 0.72%
74350LAB0 PROTAR 5 1/2 04/01/34 629,000 0.14%
345370DB3 F 6.1 08/19/32 969,000 0.21%
95004MAC1 WFCM 2025-5C5 A3 1,334,000 0.30%
723787AQ0 PXD 1.9 08/15/30 644,000 0.12%
55389QAA5 MVWOT 2024-2A A 180,471 0.04%
74334NAA9 PROG 2025-SFR1 A 3,051,230 0.62%
716973AD4 PFE 4.65 05/19/30 658,000 0.14%
04018VAA1 ARES 4 1/8 06/30/51 510,000 0.11%

Holding data is provided “as of” the date indicated. Holdings are subject to change without notice. Holdings are provided for informational purposes only and should be not be considered a recommendation to buy or sell the securities listed.

Contact

Learn more about Sterling Capital solutions and services.

Scroll Up