ETF newcomer Weitz Investment Management entered the market today with the launch of its first ETF, the Weitz Core Plus Bond ETF (WCPB), on NYSE Arca. The firm has a 30-year history of managing fixed income investments, prioritizing bottom-up research, systematic risk management and sector allocation, according to the press release.
‘Familiar Approach in a New Structure’
WCPB is managed in a style similar to that of its largest product, the $3.4 billion Weitz Core Plus Income Fund (WCPBX). Both ETF and mutual fund have stated objectives focused on current income and capital preservation. Those products also focus, to a lesser extent, on capital appreciation. The mutual fund has a five-star rating from Morningstar. It also won LSEG Lipper Awards for its performance in 2024 and 2025. Weitz President Jim Boyne described the ETF as a “familiar approach in a new structure.”
WCPB has a net expense ratio of 0.45% and is fully transparent. The issuer describes the fund as a high-conviction portfolio that selects its individual holdings across multiple sectors while monitoring asset capacity.
“Our philosophy doesn’t change with the product structure,” Weitz Co-Head of Fixed Income Tom Carney said in reference to the launch of WCPB. “We’re still doing the same rigorous work — evaluating securities, managing risk, and seeking durable results.”
Weitz plans to bring a second fund to market in the fourth quarter. The Weitz Multisector Bond ETF (WMSB) represents a new strategy for the firm. It will be able to invest opportunistically across sectors and durations in search of holdings that its managers expect will offer attractive rewards relative to the level of risk taken.
“Actively managed ETFs has gained in popularity in 2025 as advisors turn to experts to help navigate the bond market. While a new ETF entrant, Weitz brings tremendous expertise to support the ETF-minded community. As more advisors learn about these capabilities, we believe they can be successful,” said Todd Rosenbluth, VettaFi’s head of research.
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