VBND Vident Core US Bond Strategy ETF

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VBND Vident Core US Bond Strategy ETF

Seeks to track, before fees and expenses, the Vident Core US Bond Index, a strategy that seeks to achieve better diversification of credit and interest rate risks. In addition, the strategy seeks to improve corporate bond exposures by screening for companies with stronger leadership, governance and credit-worthiness. To further improve portfolio characteristics (credit risk profile), the strategy weights individual issuers based on their creditworthiness, leadership, governance and distress factors designed to achieve an optimal tradeoff of interest rate risk (duration*) and valuation (yield to worst**). Thus, the issue weights are not driven by debt outstanding but are arrived at by a rules-based process to help improve diversification, valuation and governance characteristics.

$44.28  +0.44 (1.01%)
As of 01/18/2023 16:00:00 EST     IEX book   CBOE book


ETF Information
Sponsor:     Vident Financial
Category1:  US Fixed Income
Category2:  Broad market
Category3:  Investment grade
Morningstar category:  Intermediate-Term Bond
Leverage factor:  1.00
Inception date:  10/15/2014
Index tracking method: Passive replication
Current yield:  2.83%
Historical average yield:  2.14%
Market cap:  $373,022,500
Average volume:  39,128
Fees:     0.4300%

Index Information
Vident Core US Bond Index
Index symbol:  VUBDX
Provider:   Vident Financial
Index weighting:   Composite scores
Index inception date:  11/30/2015
Backtesting data exists:   No

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