Alpha Architect 1-3 Month Box ETF
BOXX

$108.63

0%

Market Cap: $4.01B

0

Funds holding %

of 6,710 funds

–

Analysts bullish %

Fund manager confidence

Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)

940% more first-time investments, than exits

New positions opened: 52 | Existing positions closed: 5

414% more repeat investments, than reductions

Existing positions increased: 72 | Existing positions reduced: 14

44% more funds holding

Funds holding: 107 [Q1] → 154 (+47) [Q2]

40% more funds holding in top 10

Funds holding in top 10: 10 [Q1] → 14 (+4) [Q2]

36% more capital invested

Capital invested by funds: $711M [Q1] → $966M (+$254M) [Q2]

5.39% less ownership

Funds ownership: 36.09% [Q1] → 30.7% (-5.39%) [Q2]

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Research analyst outlook

We haven’t received any recent analyst ratings for BOXX.

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Financial journalist opinion

BOXX: Understanding The Fund's First Distribution

BOXX ETF offers a unique value proposition by using box spreads for low-risk returns and tax efficiency, similar to short-term treasury ETFs. Despite its tax-deferred design, BOXX paid a distribution, introducing a minimal tax liability but diminishing its value proposition. BOXX's expense ratio is higher than other options, but a current fee waiver reduces costs temporarily.

BOXX: Understanding The Fund's First Distribution

BOXX: Cash-Alternative ETF, 5.6% Options Yield, Risks Abound

BOXX achieves similar returns to t-bills through options. BOXX's investors can generally defer their taxes until a moment of their choosing, paying capital gain rates when they sell. Although the fund is a solid choice, Federal Reserve cuts should significantly decrease returns and after-tax yields in the coming months.

BOXX: Cash-Alternative ETF, 5.6% Options Yield, Risks Abound

BOXX ETF: Cash-Like Returns Without the Tax Bill

Unboxing the Alpha Architect ETF's approach to a popular option trade. Manager research analyst Lan Tran with Morningstar Research Services breaks down the strategy of the Alpha Architect 1-3 Month Box ETF, how investors can take advantage of what it has to offer, and whether this fund is worth the hype.

BOXX ETF: Cash-Like Returns Without the Tax Bill

The ETF Flowdown: Q2 2024

Markets steadily march on to record highs, as Q2 2024 wraps up. Many patterns that emerged earlier in the year once again prevailed through the fog of geopolitical and rate uncertainty.

The ETF Flowdown: Q2 2024

BOXX: A Clever Treasury Bill Return Replicator Without Taxable Liabilities

Alpha Architect 1-3 Month Box ETF offers tax-efficient returns that replicate Treasury bill returns through a complex options trading strategy. BOXX has nearly $2.53 billion in assets under management and has performed well since its launch in December 2022. BOXX provides cash-like returns with minimal risk, making it an attractive alternative to money market funds and short-term bond ETFs. However, its complexity and lack of income distribution may not be suitable for all investors.

BOXX: A Clever Treasury Bill Return Replicator Without Taxable Liabilities

3 ETFs For Short-Term Risk-Averse Investors

With prices, valuations, and inflation elevated, some investors are looking for comparatively safe, high-quality investments. T-bills, short-term TIPs, and AAA-rated CLOs are three of the best investments in this area. There are fantastic ETFs covering each of these securities.

3 ETFs For Short-Term Risk-Averse Investors

3 Investment-Grade ETF Buys, With Yields Up To 8.0%

Investment-grade bonds offer investors strong yields with low credit risk. A couple of ETFs offer exposure to these securities with some added benefits, including potential tax advantages and above-average yields. JBBB, CARY, and BOXX look like particularly strong ETFs in this space. A quick overview of these follows.

3 Investment-Grade ETF Buys, With Yields Up To 8.0%

Thinking Outside The BOXX

There's been a lot of excitement around a new ETF BOXX, which potentially delivers a return similar to US Treasury Bills, but in the form of long-term capital gains. We compare the merits of this ETF versus others that own Treasury Bills directly, such as BIL and SGOV. We find that for many investors, BOXX may not be superior to simpler alternatives such as BIL and SGOV or owning T-Bills directly.

Thinking Outside The BOXX

BOXX: My Top 2024 Pick With A 5.5% Tax-Deferred Yield And Brilliant Fund Design

The Alpha Architect 1-3 Month Box ETF solves a massive tax problem that has plagued low-risk investments for decades. BOXX uses a simple options strategy called box spreads to earn the rate of return of cash-equivalent money markets. This provides tax deferral and long-term capital gains tax treatment for investors who hold the fund longer than 1 year.

BOXX: My Top 2024 Pick With A 5.5% Tax-Deferred Yield And Brilliant Fund Design

BOXX: A Capital Gains Tax Win

Investors hold more than $6 trillion in money market mutual funds, but declining interest rates may force them to seek higher-yield options. The Alpha Architect 1-3 Month Box ETF offers a unique tax-favored structure and has already garnered nearly $1 billion in assets. BOXX uses a box spread options trading strategy to mirror the payout of ultra short-term Treasury funds, providing tax deferral and potentially lower capital gains tax rates.

BOXX: A Capital Gains Tax Win

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