Content and data provided by various third parties and Fidelity − Terms of Use | Help/Glossary
Research > ETFs > ETF / ETP Commentary > 

Weitz Launches Multisector Bond ETF With Junk Exposure

BY | ETF Database
7:04 am ET 11/05/25 | 9 VIEWS
Yesterday, Weitz Investment Management, Inc. launched the Weitz Multisector Bond ETF (WMSB). Representing a bet on growing advisor demand for flexible bond strategies among ETFs, the fixed income strategy is “designed to provide a high level of current income through flexible exposure across credit sectors, durations, and levels of credit quality,” per Weitz’s press release.The fund can adjust its junk bond holdings from below 35% to more than 50% of the portfolio based on market conditions. This gives managers flexibility to hunt for opportunities across different credit qualities without being tied to an index, according to the prospectus. The firm describes WMSB as a “broad-mandate fund with an opportunistic lens.” It provides flexibility across sectors, credit quality, and duration, targeting a 3.5- to 7-year duration. Additionally, it seeks non-investment-grade securities when the reward for risk is compelling. “Advisors today are looking for flexibility — in both investment approach and product structure,” Jim Boyne, president of Weitz, said in the release. Nolan Anderson, co-head of fixed income at Weitz, noted the fund is not tied to an index. “We’re focused on identifying compelling risk-adjusted opportunities wherever they emerge,” he said. Tom Carney, the other co-head of fixed income manages the fund alongside him.Bond ETF Strategy DetailsThe fund will invest at least 80% of its assets in bonds and related instruments. Holdings can include mortgage-backed securities, corporate bonds, loans, U.S. government securities and foreign government debt, according to the prospectus. WMSB can use options, credit default swaps, interest rate futures and foreign currency instruments, the document says. The new ETF charges total annual fund operating expenses after fee waivers and expense reimbursements of 0.50%. The expense limitation agreement runs through September 30, 2026, according to the prospectus. The Omaha, Nebraska-based firm introduced the Weitz Core Plus Bond ETF (WCPB ) earlier this year and also manages the Core Plus Income Fund (WCPBX) and Short Duration Income Fund (WEFIX), according to the release. Northern Lights Distributors, LLC serves as distributor for WMSB and WCPB, according to the release. For more news, information, and analysis, visit VettaFi | ETFDB.

More Commentary

China ETFs Paradox: Winning But Ignored in 2025
BY | ETF Database
3:43 am ET 11/05/25 | 26 VIEWS
Top Performing Leveraged/Inverse ETFs: 11/02/2025
BY | ETF Database
11/04/2025 | 164 VIEWS
High-Yield Prospects: October 29 Edition
BY | ETF Database
10/31/2025 | 806 VIEWS
View more Commentary

Search Commentary

Enter Keyword(s)
Filter Results

Performance data shown is past performance and is no guarantee of future results. Current performance may be higher or lower than the performance data quoted. Yield and return will vary, therefore you have a gain or loss when you sell your shares. For standard quarterly performance, go to the fund's Snapshot page by clicking on the ETF/ETP's symbol.

ETFs may trade at a premium or discount to their NAV and are subject to the market fluctuations of their underlying investments.

For iShares ETFs, Fidelity receives compensation from the ETF sponsor and/or its affiliates in connection with an exclusive long-term marketing program that includes promotion of iShares ETFs and inclusion of iShares funds in certain FBS platforms and investment programs. Please note, this security will not be marginable for 30 days from the settlement date, at which time it will automatically become eligible for margin collateral. Additional information about the sources, amounts, and terms of compensation can be found in the ETF's prospectus and related documents. Fidelity may add or waive commissions on ETFs without prior notice. BlackRock and iShares are registered trademarks of BlackRock, Inc. and its affiliates.

FBS receives compensation from the fund's advisor or its affiliates in connection with a marketing program that includes the promotion of this security and other ETFs to customers ("Marketing Program"). The Marketing Program creates incentives for FBS to encourage the purchase of certain ETFs. Additional information about the sources, amounts, and terms of compensation is in the ETF's prospectus and related documents. Please note that this security will not be marginable for 30 days from the settlement date, at which time it will automatically become eligible for margin collateral.

News, commentary (including "Related Symbols") and events are from third-party sources unaffiliated with Fidelity. Fidelity does not endorse or adopt their content. Fidelity makes no guarantees that information supplied is accurate, complete, or timely, and does not provide any warranties regarding results obtained from their use.

Any data, charts and other information provided on this page are intended to help self-directed investors evaluate exchange traded products (ETPs), including, but limited to exchange traded funds (ETFs) and exchange traded notes (ETNs). Criteria and inputs entered, including the choice to make ETP comparisons, are at the sole discretion of the user and are solely for the convenience of the user. Analyst opinions, ratings and reports are provided by third-parties unaffiliated with Fidelity. All information supplied or obtained from this page is for informational purposes only and should not be considered investment advice or guidance, an offer of or a solicitation of an offer to buy or sell a particular security, or a recommendation or endorsement by Fidelity of any security or investment strategy. Fidelity does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating ETPs. Fidelity makes no guarantees that information supplied is accurate, complete, or timely, and does not provide any warranties regarding results obtained from their use. Determine which securities are right for you based on your investment objectives, risk tolerance, financial situation and other individual factors and re-evaluate them on a periodic basis.

Before investing in any exchange traded product, you should consider its investment objective, risks, charges and expenses. Contact Fidelity for a prospectus, offering circular or, if available, a summary prospectus containing this information. Read it carefully.