Model-Driven Active Bond ETF Debuts

Another ETF is added to the WBI Shares family of funds.

Reviewed by: Heather Bell
Edited by: Heather Bell

Millington Securities launched another actively managed fund today. The WBI BullBear Trend Switch US Total Return ETF (WBIN) uses quantitative models to select its securities, with the aim of generating long-term capital appreciation.

The fund lists on the NYSE Arca and comes with an expense ratio of 0.77%.

The fund’s underlying model generates credit quality and duration signals based on macroeconomic factors and technical market trends.

The credit quality signal generally indicates whether the ETF should invest in U.S. Treasuries, U.S. investment-grade bonds or U.S. high yield bonds, while the duration signal indicates whether the fund should invest in securities with long or short maturities, according to the prospectus.

The fund can invest in a variety of U.S. debt, other funds, ETNs and derivatives, the document says.

The WBI Shares ETF family has a total of 12 funds with the addition of WBIN. All are actively managed.

Contact Heather Bell at [email protected]

Heather Bell is a former managing editor of She has also held editorial positions at Dow Jones Indexes and Lehman Brothers. Bell is a graduate of Dartmouth college and resides in the Denver area with her two dogs.