Alpha Architect 1-3 Month Box ETF BOXX CBOE

Alpha Architect 1-3 Month Box ETF (BOXX) is an investment fund that implements a specialized options trading strategy focused on box spreads. Under normal market conditions, the fund invests at least 80% of its total assets in box spreads, which are exchange-listed options strategies designed to capture price differences between related options contracts. The fund maintains a short-term investment horizon by ensuring that the weighted average maturity of its box spread positions remains below 90 days, allowing it to regularly rotate into new positions and adapt to changing market conditions.