At a glance
OACP charges 0.74% a year, above the 0.14% average of the 7 funds most like it (the most expensive of 8). It has $267.8M in assets, the 8th largest of that group; it paid 4.49% of its price in distributions over the past 12 months, monthly. Over the past year it returned −1.3% with distributions reinvested, the weakest of those 8 funds; over three years it returned +5.5% a year. Its ten largest positions make up 19.1% of the fund, out of 285 in all.
The short version
OneAscent Core Plus Bond ETF (OACP) is an actively managed bond fund. It holds Treasuries, mortgage-backed securities, and corporate and municipal bonds, and most of those bonds must pass a values screen or an impact test. The screen excludes companies tied to abortion, gambling, alcohol, tobacco and predatory lending. Its 0.74% expense ratio is far above the 0.14% average of similar bond funds.
Price history
The interactive chart needs JavaScript.
OACP -1.3% over the year to Oct 27, 2026, total return with distributions reinvested.
How it has behaved
| YTD | 1 yr | 3 yr | 5 yr | 10 yr | Since start | |
|---|---|---|---|---|---|---|
| OACP official prospectus, to Dec 31, 2024 | — | +2.42% | — | — | — | +0.04% |
| Bloomberg U.S. Aggregate Bond Index (reflects no deduction for fees, expenses, or U.S. taxes) index, same period | — | +1.25% | — | — | — | -0.41% |
| OACP price data to Oct 27, 2026 | -1.2% | -1.3% | +5.5% | — | — | +1.2% |
- Over the year to Oct 27, 2026, OACP returned -1.3%, 8th of 8 among similar funds.
- Its worst full calendar year was 2024 (+2.4%); its best was 2025 (+7.1%).
- The deepest fall in its price history was 11.8% (Apr 1, 2022 to Oct 24, 2022), recovered by Aug 2, 2024.
Show as a table
| Year | Price data | Prospectus (official) |
|---|---|---|
| 2026 (to date) | -1.2% | — |
| 2025 | +7.1% | — |
| 2024 | +2.4% | +2.42% |
| 2023 | +6.0% | +5.83% |
| 2008 financial crisis stocks fell Oct 9, 2007 – Mar 9, 2009 | Before this security existed |
|---|---|
| 2020 COVID crash stocks fell Feb 19, 2020 – Mar 23, 2020 | Before this security existed |
| 2022 bear market stocks fell Jan 3, 2022 – Oct 12, 2022 | Before this security existed |
Dividends and income
Show as a table
| Year | Per share | Change |
|---|---|---|
| 2026 (to date) | $0.7300 | |
| 2025 | $1.0200 | +1.0% |
| 2024 | $1.0100 | +14.8% |
| 2023 | $0.8800 |
What's inside
As of Aug 31, 2026, the fund held 285 securities; the ten largest made up 19.09% of assets.
| Holding | Weight | |
|---|---|---|
| UNITED STATES OF AMERICA - BUREAU OF THE PUBLIC DEBT Bonds and notes | 5.33% | |
| UNITED STATES OF AMERICA - BUREAU OF THE PUBLIC DEBT Bonds and notes | 2.94% | |
| UNITED STATES OF AMERICA - BUREAU OF THE PUBLIC DEBT Bonds and notes | 2.43% | |
| UNITED STATES OF AMERICA - BUREAU OF THE PUBLIC DEBT Bonds and notes | 1.88% | |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION Mortgage-backed securities | 1.56% | |
| UNITED STATES OF AMERICA - BUREAU OF THE PUBLIC DEBT Bonds and notes | 1.17% | |
| GOVERNMENT NATIONAL MORTGAGE ASSOCIATION Mortgage-backed securities | 1.12% | |
| TOPAZ SOLAR FARMS LLC Bonds and notes | 1.03% | |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION Mortgage-backed securities | 0.87% | |
| BX TRUST 2026-CLS Other asset-backed | 0.75% | |
| EXPORT DEVELOPMENT CANADA Bonds and notes | 0.75% | |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION Mortgage-backed securities | 0.74% | |
| NEW YORK N Y Bonds and notes | 0.73% | |
| FEDERAL HOME LOAN MORTGAGE CORP Mortgage-backed securities | 0.71% | |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION Mortgage-backed securities | 0.69% |
By country
United States 82.58%Canada 5.66%France 2.22%Ireland 1.2%Germany 0.97%By issuer
Companies 48.22%US government-sponsored enterprises 14.52%US Treasury 14.38%Municipalities 11.13%Foreign governments 7.9%The bonds mature in 14.7 years on average (weighted by size), with an average coupon of 4.62%.
Source: N-PORT holdings report as of Aug 31, 2026. Cash, money-market funds and derivatives are shown separately from the securities list.What changed recently
- Over the three months to Aug 31, 2026, investors added a net $7.8M (creations minus redemptions, per the N-PORT report).
- Monthly total returns reported for that quarter: +0.53%, -1.55%, +0.48%.
How it works
OACP is actively managed, so it doesn't copy an index. OneAscent is the adviser, and the sub-adviser, Teachers Advisors, LLC, picks the bonds. At least 80% of assets go into bonds. Most are investment-grade: US government debt, corporate bonds, taxable municipal bonds, and mortgage- and asset-backed securities. The fund may also buy high-yield ("junk") bonds, which pay more but are more likely to default, and it can hold bonds of any maturity. The managers do their own credit research. They can hold more or less of a sector than the Bloomberg U.S. Aggregate Bond Index, the fund's benchmark, when they think that will lift returns.
When it buys a bond, the bond has to pass one of two tests: OneAscent's values screen or the sub-adviser's impact framework. The screen aims to avoid companies involved in abortion, adult entertainment, gambling, tobacco, alcohol, cannabis, predatory lending, human rights violations or severe ethics controversies. Impact bonds pay for things like affordable housing, community development, renewable energy and natural resources. One of the largest holdings, a Topaz Solar Farms bond paying 5.75% and due in 2039, is an example. Mortgage- and asset-backed securities are not screened the same way.
Holdings change often. The prospectus reports 129% turnover. The fund may use derivatives such as futures and credit default swaps, but it held none as of August 31, 2026.
What it really costs
- OACP charges 0.74% a year, versus an average of 0.14% for the similar funds below (8th of 8, cheapest first).
- Of that, 0.5% is the management fee; the rest covers other fund expenses.
- Using the prospectus's standard example, $10,000 invested would cost about $76 in the first year and $918 over 10 years (assuming a 5% annual return).
| Cost of $10,000 (SEC example) | 1 yr | 3 yrs | 5 yrs | 10 yrs |
|---|---|---|---|---|
| OACP | $76 | $237 | $411 | $918 |
Structure and tax notes
- Bond prices move opposite to interest rates; the longer the maturities it holds, the more its price reacts to rate changes.
In a retirement portfolio
It is a broad, mostly investment-grade bond fund with modest volatility that could anchor the bond side of a portfolio for investors who want values-based screens.
OACP launched March 30, 2022, so it has no record for 2008 or the 2020 crash. It started after the 2022 bear market had already begun. Its deepest drop was 11.8%, from April 1 to October 24, 2022, as rising rates pushed bond prices down. It took about 21 months to recover, by August 2, 2024. Its weakest full calendar year was 2024, when it still gained 2.4%. Anyone forced to sell in a rate shock could lock in losses, and the average maturity of 14.7 years as of August 31, 2026, makes the fund more sensitive to rate changes. The trailing yield was 4.49% as of October 27, 2026, paid monthly. The 0.74% fee eats into that income more than the 0.03% charged by index funds such as AGG and BND. Past results don't predict the future, and a plan should look at the whole portfolio, not one fund.
Who it may suit — and who should look elsewhere
May suit
- Investors who want bond holdings screened to avoid abortion, gambling, alcohol, tobacco and predatory lending, plus bonds that fund housing and renewable energy.
- Investors looking for monthly income from a mostly investment-grade mix; the trailing yield was 4.49% as of October 27, 2026.
- Those comfortable with active managers who can add high-yield bonds and shift sectors away from the Bloomberg U.S. Aggregate Bond Index.
Look elsewhere if
- Cost-focused investors: the 0.74% expense ratio compares with 0.03% for AGG, BND and SCHZ, and the SEC example shows $918 over 10 years.
- Investors who want little interest-rate risk: average maturity was 14.7 years, and the fund fell 11.8% in 2022.
- Those who prefer a long track record or a large fund: OACP launched in 2022 and had about $268 million in net assets as of August 31, 2026.
Close alternatives
Matched by bond funds with the closest average maturity and issuer mix (N-PORT).
| Fund | Avg. maturity | Cost | Net assets | 1 yr | 3 yr |
|---|---|---|---|---|---|
| OACP this fund | 14.7 yrs | 0.74% | $267.8M | -1.3% | +5.5% |
| FBND Fidelity Total Bond ETF | 14.4 yrs | 0.36% | $28.16B | -0.2% | +5.4% |
| IUSB iShares Core Total USD Bond Market ETF | 11.8 yrs | 0.06% | $43.00B | -0.3% | +5.1% |
| SCHZ Schwab U.S. Aggregate Bond ETF | 12.5 yrs | 0.03% | $10.60B | -1.1% | +5.2% |
| AGG iShares Core U.S. Aggregate Bond ETF | 12.4 yrs | 0.03% | $138.32B | -0.4% | +4.7% |
| BND Vanguard Total Bond Market ETF | 11.7 yrs | 0.03% | $397.11B | -0.4% | +4.7% |
| PULS PGIM Ultra Short Bond ETF | 8.8 yrs | 0.15% | $18.71B | +4.1% | +5.2% |
| MINT PIMCO Enhanced Short Maturity Active Exchan… | 6.3 yrs | 0.35% | $16.43B | +3.9% | +4.9% |
Questions investors ask
Is OACP good for retirement?
It can work as a core bond holding for retirees who want values-based screens, but it costs more than most alternatives. Its expense ratio is 0.74%, against an average of 0.14% for similar bond funds. In the SEC's standard example, that comes to $918 over 10 years on $10,000. It pays monthly and had a trailing yield of 4.49% as of October 27, 2026. Its deepest drop was 11.8% in 2022, and it took about 21 months to recover.
Does OACP pay monthly dividends?
Yes. OACP pays income monthly. Over the 12 months to October 27, 2026, it paid about $0.99 per share, a trailing yield of 4.49%. The income comes from interest on its bonds, including Treasuries, corporate and municipal bonds, and mortgage-backed securities. Payments can rise or fall as the managers change holdings and as interest rates move, so past payouts don't guarantee future ones.
What's the difference between OACP and FBND?
Fidelity Total Bond ETF (FBND) is the most similar fund by average maturity and issuer mix, but it is far cheaper and much larger. FBND charges 0.36%, compared with 0.74% for OACP, and had about $28.2 billion in net assets. FBND returned -0.2% over one year and 6% a year over three years as of October 30, 2026. OACP returned -1.3% and 5.5% as of October 27, 2026. What sets OACP apart is OneAscent's values and impact screening.
What companies does OACP exclude?
OACP aims to avoid companies whose main business involves abortion-related products or facilities, adult entertainment, gambling, tobacco, alcohol, cannabis or predatory lending. It also aims to avoid companies with human rights violations or patterns of severe ethics controversies. Bonds bought under the sub-adviser's impact framework don't go through this screen, and mortgage- and asset-backed securities are screened differently. If a holding stops meeting the criteria, the managers intend to sell it but are not required to.
How has OACP performed compared with the Bloomberg Aggregate index?
OACP beat its benchmark over the periods in its prospectus. In 2024 it returned 2.42%, compared with 1.25% for the Bloomberg U.S. Aggregate Bond Index. From launch through December 31, 2024, it averaged 0.04% a year, compared with -0.41% for the index. On price-based returns, its 5.5% annual return over three years to October 27, 2026, ranked 3rd of 8 among similar funds. Its one-year return of -1.3% ranked last.