FCOR

FCOR is an actively managed corporate bond ETF that targets broad U.S. credit exposure while keeping its overall interest-rate sensitivity (duration) roughly in line with the Bloomberg U.S. Credit Bond Index.

It primarily holds investment-grade corporate debt, but it has the flexibility to add high-yield (“junk”) bonds and use derivatives to fine-tune risk and seek extra return.

The result is a credit portfolio that aims to behave like a core credit benchmark on rate risk, but not necessarily on credit risk or holdings.