VictoryShares WestEnd Economic Cycle Bond ETF

Frequently Asked Questions About BMDL

What does BMDL invest in?

Seeks to provide current income and capital appreciation within the U.S. fixed income market through a combination of the WestEnd Advisors' macroeconomic approach to dynamic duration and credit allocation and Victory Income Investors proprietary research process and credit ratings for security selection. Blends the specialties of two experienced investment teams to implement a dynamic fixed income portfolio intended to evolve along with the economic cycle and credit conditions. Employs a top-down process that utilizes qualitative analysis of a wide range of economic data to identify areas of potential strength and weakness in the fixed income markets layered with a bottom-up, independent credit analysis and rating process.

What is the expense ratio of BMDL?

VictoryShares WestEnd Economic Cycle Bond ETF (BMDL) charges an expense ratio of 0.56%. This is the annual fee deducted from fund assets to cover management and operations.

What is the duration of BMDL?

Effective duration measures BMDL's sensitivity to interest-rate changes — a duration of 6 means a 1% rate move shifts NAV by roughly 6% in the opposite direction. BMDL's current duration is published on the fund's factsheet on the issuer's website.

What is the credit quality of BMDL?

BMDL's credit quality breakdown — the share of holdings rated AAA through CCC and below — is published on the fund's factsheet. Higher-quality (investment-grade) funds yield less but carry less default risk than high-yield / junk bond funds.

What is the yield to maturity of BMDL?

Yield to maturity (YTM) is the total return you'd earn from BMDL if every bond in the portfolio is held to maturity at the current price. BMDL's YTM is published on the fund's factsheet on the issuer's website — it differs from the trailing-12-month yield because YTM reflects current bond prices rather than historical income paid.

How big is BMDL?

VictoryShares WestEnd Economic Cycle Bond ETF (BMDL) manages $113.4M in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure — funds below ~$50M are at higher risk of liquidation.