Horizon Core Bond ETF (BNDY)

The Horizon Core Bond ETF (BNDY) is an actively managed fund intended to serve as a core fixed-income holding. It invests primarily in investment-grade bonds, which can include U.S. Treasuries, government agency debt, mortgage-backed securities and corporate bonds.

The fund is sponsored by Horizon Investments, an asset manager based in Charlotte, North Carolina, and trades on the Cboe BZX exchange. Rather than replicating a bond index, the managers adjust duration, sector allocation and credit exposure according to their views.