American Beacon Ionic Inflation Protection ETF
CPII
New York Stock Exchange Arca- -
USD
- -
- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 220 East Las Colinas Boulevard, Suite 1200 Irving TX United States of America 75039
- IPO Date
- Jun 29, 2022
- CIK
- 0001096012
- Website
- americanbeaconfunds.com
- Similar Companies
- Business
- American Beacon Ionic Inflation Protection ETF (CPII) is an actively managed exchange-traded fund that seeks capital appreciation in elevated and rising inflationary environments by investing primarily in inflation swaps, options on U.S. interest rates (swaptions), and U.S. Treasury securities including Treasury Inflation-Protected Securities (TIPS); under normal market conditions, the fund allocates up to 30% of its net assets to inflation swaps and swaptions, with the remainder in short-duration TIPS and related holdings such as U.S. Treasury Inflation-Indexed Notes/Bonds maturing between 2026 and 2027, U.S. government money market funds, and cash equivalents. The fund, listed on NYSE Arca, Inc., employs a proprietary strategy through its sub-advisor Ionic Capital Management LLC to provide exposure to inflation measured by the non-seasonally adjusted U.S. City Average All Items Consumer Price Index for All Urban Consumers (CPI-U), serving institutional and retail investors as an alternative to traditional fixed-income allocations or a diversifier in equity portfolios. CPII maintains a non-diversified portfolio typically comprising 14 to 16 holdings, with an expense ratio of 0.70% and a focus on the U.S. fixed income market within the inflation-protected bond segment. Launched on June 28, 2022, and domiciled in the United States, the ETF was initially managed under Tidal ETF Trust before a significant strategic shift in April 2025, when American Beacon Advisors, Inc., headquartered in Irving, Texas and established in 1986 as an affiliate of Resolute Investment Managers, Inc., assumed the role of investment advisor effective April 14, 2025, with Ionic Capital Management LLC, a New York-based alternative asset manager founded in 2006, transitioning to sub-advisor with 100% allocation; this adoption marked the third ETF addition to American Beacon's product suite in less than two years, enhancing its offerings amid persistent inflation and policy shifts under the current Trump administration. The fund targets U.S. investors seeking protection and potential profit from inflation-driven volatility, interest rate uncertainty, and real yield fluctuations, with portfolio management led by Ionic's Bart Baum, Daniel Stone, and Doug Fincher; as of December 2025, it holds approximately 550,000 shares outstanding, trades at a median bid/ask spread of 0.11%, and benchmarks against the Bloomberg US Aggregate Bond Total Return Index.