Strive Enters Fixed Income Arena with Launch of Actively Managed ETFs BUXX and STXT

Ohio-based asset manager Strive made its debut in the fixed income space with the listing of two actively managed ETFs, BUXX and STXT, on the NYSE on August 10. Known for its “anti-woke” strategies and “excellence capitalism” approach, Strive focuses on companies that prioritize maximizing profits without distractions. STXT aims to provide core fixed income exposure for maximum total return over market cycles, while BUXX is an ultra-short bond fund with a duration of one year or less, offering enhanced income while minimizing price volatility. The funds are managed by Matt Cole, CIO and CEO, and STXT charges 49 basis points, while BUXX charges 25 basis points. The launch coincides with the investment community’s increasing awareness of the impact of ESG factors on fixed income investments.