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ETFs

Academy Veteran Impact ETF

VETZ
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Aug 01 2023
Expense Ratio
0.35%
Type
US Bonds
Fund Owner
Academy AM
Volume (1m avg. daily)
$595,422
AUM
$30,492,685
Associated Index
None
Inverse/Leveraged
No
Passive/Active
Active
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

n/a
GNMA PASS-THRU M JUMBO FHA 3% 01/20/2053
4.43%
n/a
GNMA PASS-THRU C SINGLE FAMILY 5.5% 07/20/2053
4.06%
n/a
GNMA PASS-THRU M JUMBO FHA 7% 12/20/2052
3.84%
n/a
GNMA PASS-THRU M JUMBO FHA 2.5% 03/20/2052
3.49%
n/a
GNMA PASS-THRU C SINGLE FAMILY 5% 06/20/2053
3.48%
n/a
Cash & Other
3.48%
n/a
GNMA PASS-THRU C SINGLE FAMILY 4.5% 04/20/2053
3.32%
n/a
Small Business Administration Pools 5.8% 10/25/2033
3.30%
n/a
GNMA PASS-THRU C SINGLE FAMILY 5.5% 08/20/2053
3.18%
n/a
GNMA PASS-THRU M JUMBO FHA 5% 08/20/2053
3.10%
Invest with VETZ

What is VETZ?

Under normal circumstances, the Fund will invest at least 80% of its net assets (plus any borrowings for investment purposes) in fixed income securities which are backed by pools of loans that Academy Asset Management, LLC (d/b/a Academy Asset Management) (the "Sub-Adviser") determines were made to U.S. service members, military veterans, their survivors, or veteran-owned businesses (the "80% Policy"). For purposes of the 80% Policy, the Sub-Adviser determines whether loans are made to U.S. service members, military veterans, their survivors, or veteran-owned businesses based on identifying codes in relevant loan documentation.

ETFs related toVETZ

ETFs correlated to VETZ include FLDR, HMOP, FSIG

VETZ
Tidal ETF Trust - Academy Veteran Impact ETF
FLDR
Fidelity Covington Trust - Fidelity Low Duration Bond Factor ETF
HMOP
Hartford Funds Exchange-Traded Trust - Hartford Municipal Opportunities ETF
FSIG
First Trust Exchange-Traded Fund IV - First Trust Limited Duration Investment Grade Corporate ETF
IBTI
iShares Trust - iShares iBonds Dec 2028 Term Treasury ETF
IBTK
iShares Trust - iShares iBonds Dec 2030 Term Treasury ETF
VGIT
Vanguard Group, Inc. - Vanguard Intermediate-Term Treasury ETF
LMBS
First Trust Exchange-Traded Fund III - First Trust Low Duration Opportunities ETF
IBTH
iShares Trust - iShares iBonds Dec 2027 Term Treasury ETF
SCHR
Schwab Strategic Trust - Schwab Intermediate-Term U.S. Treasury ETF
CGMS
Capital Group Fixed Income ETF Trust - Capital Group U.S. Multi-Sector Income

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

Automated Strategies
Related toVETZ

#DAVID

Copy David Swensen

Category

Classic, Copy the Greats

Risk Rating

Moderate

#RB

Rotating Bonds

Category

Getting Defensive, Diversification

Risk Rating

Moderate

Create your own algorithmic trading strategy with VETZ using Composer

FAQ

VETZ is a US Bonds ETF. Under normal circumstances, the Fund will invest at least 80% of its net assets (plus any borrowings for investment purposes) in fixed income securities which are backed by pools of loans that Academy Asset Management, LLC (d/b/a Academy Asset Management) (the "Sub-Adviser") determines were made to U.S. service members, military veterans, their survivors, or veteran-owned businesses (the "80% Policy"). For purposes of the 80% Policy, the Sub-Adviser determines whether loans are made to U.S. service members, military veterans, their survivors, or veteran-owned businesses based on identifying codes in relevant loan documentation.

Yes, VETZ is actively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

No, VETZ is not passively managed. It is actively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on VETZ is -0.0029%. This is the percent change in the value of VETZ over the most recent 1-month period. The 3-month return on VETZ is %. This is the percent change in the value of VETZ over the most recent 3-month period.

ETFs similar to VETZ include GNMA, MBB, and SPMB.

ETFs correlated to VETZ include FLDR, HMOP, and FSIG.

ETFs that are inversely correlated to VETZ include PST, TBX, and DBMF.

Disclaimers

*

We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.