Alpha Architect Aggregate Bond ETF is a U.S.-domiciled, actively managed exchange-traded fund that provides options-based exposure to the U.S. aggregate bond market. Trading on Cboe under the ticker BOXA, the fund seeks to generate total returns in excess of the Solactive U.S. Aggregate Bond Index by investing primarily in exchange-listed options, including customizable FLEX options, on bond-related ETFs or indexes whose performance is expected to approximate the benchmark. Its principal strategy utilizes box spreads, synthetic fixed-income positions created through offsetting option transactions, positioning the fund as an alternative to direct holdings of broad U.S. investment-grade fixed-income securities. The fund is non-diversified and may employ cash creations, purchase and write options, and maintain substantial cash or cash-equivalent positions in connection with its derivatives strategy. BOXA serves financial advisers, institutional investors, and other investors seeking professionally managed, exchange-traded aggregate-bond exposure through a derivatives-based structure.
BOXA was launched on December 17, 2024 and was listed on Cboe on December 18, 2024. The fund’s recent major development is its introduction as Alpha Architect’s Core-strategy aggregate-bond offering and an options-based alternative to conventional aggregate-bond ETFs; as of September 8, 2026, Alpha Architect reports approximately $16 million in assets under management for BOXA. Empowered Funds, LLC, doing business as ETF Architect, acts as investment adviser; Alpha Architect, LLC serves as sub-adviser; and Arin Risk Advisors, LLC provides portfolio-management expertise, with Ryan Bailey as lead portfolio manager and Joseph DeSipio and Lawrence Lempert serving in portfolio-management roles. PINE Distributors LLC distributes fund shares. Alpha Architect operates from Newtown Square, Pennsylvania, United States.