Strategy Overview

Objective

The Congress Intermediate Bond ETF (the “Intermediate Fund” or “Fund”) seeks to maximize total return.

Investment Strategy

Our investment strategy focuses on investing primarily in investment-grade, high quality fixed income securities with the goal of maximizing total return while preserving principal and maintaining liqudity over the long-term. We tend to be duration neutral to the index and seek to add value through sector rotation and bottom-up security selection. Our approach incorporates the following strategic and tactical factors:

Strategic

Global Macro Considerations

Yield Curve Management

Sector Considerations

Tactical

Security Selection

Relative Valuation

Break-even analysis vs. risk free investments

Fixed Income Philosophy

Core Conservatism

Experienced Credit Analysis

Focused Allocation

Strong Offense & Defense

Fund Facts

Inception Date 9/9/2024
Primary Exchange NYSE
CUSIP 74316P587
Ticker CAFX
Expense Ratio 0.35%
Benchmark Bloomberg US Int Govt/Credit Index
30-Day Median Bid/Ask Spread
Fund Assets as of TBD TBD

Fund holdings and sector allocations are subject to change at any time and should not be considered a recommendation to buy or sell any security

Investment Policy Committee

Jeff Porter, CFA

Committee Chair

John Beaver, CFA

Portfolio Manager

Brian Guild

Portfolio Manager

John Corrigan, CFA

Portfolio Manager

Portfolio

(Data as of )

Historical NAV Change

(Data as of: )

 

 

Performance

(Data as of: 09/30/2024)

  3 Month YTD 1 Year 5 Year Since Inception
Fund NAV
Market Price - - - - 0.35%
Bloomberg US Int Govt/Credit Index - - - - 0.13%

Expense ratio: 0.35%

Performance data quoted above represents past performance and does not guarantee future results. Investment return and principal value of an investment will fluctuate so that an investor’s shares, when redeemed or sold in the secondary market, may be worth more or less than the original cost. Investors will incur usual and customary brokerage commissions when buying or selling shares of the exchange traded funds (“ETFs”) in the secondary market, and that, if reflected, the brokerage commissions would reduce the performance returns. Current performance may be lower or higher than the performance shown. Shares are bought and sold at market price not net asset value (“NAV”) and are not individually redeemable from the fund. Call 800.542.7888 for the most recent month end performance.

Premium/Discount

(Data as of: )

NAV Closing Price Premium/Discount

Historical Premium/Discount

Data as of:

 
 
Days at premium
Days at zero premium/discount
Days at discount

Contact Us

Before investing, carefully consider the Congress Asset ETFs investment objectives, risks, charges and expenses. This and other specific information about Congress Asset Management is contained in the prospectus and a summary prospectus, which may be obtained by clicking here. Read the prospectus carefully before you invest.

An investment in Congress Asset is subject to numerous risks, including possible loss of principal. The ETFs are subject to the following principal risks: Authorized Participants, Market Makers, and Liquidity Providers Concentration Risk associated with ETFs; Equity Market Risk; Management Risk; Market Capitalization Risk (Large Cap; Mid Cap, SmallCap Stock); Market Risk; New Fund Risk: The Fund is a recently organized, non-diversified management investment company with no operating history. As a result, prospective investors have no track record or history on which to base their investment decision. Investing in the bond market is subject to risks, including market, interest rate, issuer, credit, inflation risk, and liquidity risk. The value of most bonds and bond strategies are impacted by changes in interest rates. Bonds and bond strategies with longer durations tend to be more sensitive and volatile than those with shorter durations; bond prices generally fall as interest rates rise, and the current low interest rate environment increases this risk. Current reductions in bond counterparty capacity may contribute to decreased market liquidity and increased price volatility. Bond investments may be worth more or less than the original cost when redeemed.

Investing in foreign denominated and/or domiciled securities may involve heightened risk due to currency fluctuations, and economic and political risks, which may be enhanced in emerging markets. Mortgage and asset-backed securities may be sensitive to changes in interest rates, subject to early repayment risk, and their value may fluctuate in response to the market’s perception of issuer creditworthiness; while generally supported by some form of government or private guarantee there is no assurance that private guarantors will meet their obligations. High-yield, lower-rated, securities involve greater risk than higher-rated securities; portfolios that invest in them may be subject to greater levels of credit and liquidity risk than portfolios that do not.

Equities may decline in value due to both real and perceived general market, economic, and industry conditions. Derivatives may involve certain costs and risks such as liquidity, interest rate, market, credit, management and the risk that a position could not be closed when most advantageous. Investing in derivatives could lose more than the amount invested. Diversification does not ensure against loss.

Although the Fund may seek to maintain stable distributions, the Fund’s distribution rates may be affected by numerous factors, including but not limited to changes in realized and projected market returns, fluctuations in market interest rates, Fund performance, and other factors. There can be no assurance that a change in market conditions or other factors will not result in a change in the Fund’s distribution rate or that the rate will be sustainable in the future.

For instance, during periods of low or declining interest rates, the Fund’s distributable income and dividend levels may decline for many reasons. For example, the Fund may have to deploy uninvested assets (whether from purchases of Fund shares, proceeds from matured, traded or called debt obligations or other sources) in new, lower yielding instruments. Additionally, payments from certain instruments that may be held by the Fund (such as variable and floating rate securities) may be negatively impacted by declining interest rates, which may also lead to a decline in the Fund’s distributable income and dividend levels.

Individual investors should contact their financial advisor or broker dealer representative for more information on Congress Asset ETFs.

Investment Products and Services are: Not FDIC INSURED / May lose value / No bank guarantee.

All registered investment companies, including Congress Asset Management, are obliged to distribute portfolio gains to shareholders at year-end regardless of performance. Trading in Congress Asset ETFs will also generate tax consequences and transaction expenses. The information provided is not intended to be tax advice. Tax consequences of dividend distributions may vary by individual taxpayer

Congress Asset ETFs are bought and sold through exchange trading at market price, not Net Asset Value (NAV), and are not individually redeemed from the fund. Shares may trade at a premium or discount to their NAV in the secondary market. Brokerage commissions will reduce returns.

Congress Asset ETFs (the “Funds”) are registered with the United States Securities and Exchange Commission under the Investment Company Act of 1940 and are distributed by Quasar Distributors, LLC, member FINRA.

Congress Asset Management Company, LLP, not an affiliate of Quasar Distributors, LLC, is the investment advisor to the Funds and receives a fee from the Funds for its services.

Congress Asset ETFs are offered only to United States residents, and information on this site is intended only for such persons. Nothing on this website should be considered a solicitation to buy nor an offer to sell shares of any fund in any jurisdiction where the offer or solicitation would be unlawful under the securities laws of such jurisdiction.