# VictoryShares WestEnd Economic Cycle Bond ETF (BMDL): ETF Facts & Distributions > Markdown mirror of https://www.dividenddata.com/funds/bmdl for AI agents. Same live data as the HTML page, regenerated on the same refresh cycle. Not investment advice. - Issuer: Victory Capital · Asset class: Fixed Income - Strategy: Actively Managed · Inception: 2024-06-20 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 o... ## Key Facts | Metric | Value | |---|---| | Price | $25.22 | | Expense Ratio | 0.56% | | Assets Under Management | $113.4M | | NAV | $25.19 | | Holdings Count | 438 | | Distribution Yield (TTM) | — | | Annual Distribution (TTM) | — /share | | Distribution Frequency | Monthly | | 52-Week Range | $24.59 – $25.65 | | Beta | 0.14 | ## Latest Distribution - Amount: $0.1767 /share - Ex-date: 2025-12-11 - Pay date: 2025-12-12 ## Frequently Asked Questions ### 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. ### Does BMDL pay a dividend? VictoryShares WestEnd Economic Cycle Bond ETF (BMDL) currently distributes little or no income. Trailing-twelve-month yield is —. Investors looking for income should consider income-focused alternatives. See the Peers tab. ### How often does BMDL pay dividends? VictoryShares WestEnd Economic Cycle Bond ETF pays dividends Monthly. Each ex-dividend date, record date, and payment date is listed in the dividend history table on this page. ### What is BMDL's dividend yield? BMDL's trailing-twelve-month yield is —, calculated from the sum of dividends over the past year divided by the current price. ### When is BMDL's next ex-dividend date? The most recently announced ex-dividend date for BMDL was 2025-12-11. The next ex-date typically follows Monthly; once announced it appears at the top of the dividend history table on this page. ### How much will BMDL's expense ratio cost me over 30 years? On a $10,000 investment compounding at 7% gross return, a 0.56% expense ratio quietly compounds against your balance every year. The Fee Compounding Forecast card above projects the dollar drag for any holding period and assumption you pick. The typical result for a 1.0% expense ratio on a 30-year hold is roughly 25% of the final balance lost to fees. ### How does BMDL charge its expense ratio? The expense ratio is deducted in tiny daily slices from BMDL's net asset value (NAV). You never see a bill. The price quoted on every exchange is already net of fees. There's no "fee day" to avoid; the cost is continuous and built into the trading price. ### Why does BMDL cost more than a fund like VOO? BMDL is actively managed (current expense ratio 0.56%). Active funds charge more than passive index trackers in exchange for the manager's discretion to over- or under-weight positions. The Cost Verdict card above tells you whether BMDL's fee is competitive for the active-management cohort. ### Are there cheaper alternatives to BMDL? The Lower-Fee Alternatives card above lists ETFs following the same investment strategy as BMDL (0.56%) but at a lower expense ratio. Each row shows the fee gap, the peer's AUM as a liquidity sanity-check, and a direct link to that fund's analysis page. Cheaper price doesn't automatically mean better. Verify the peer holds what you actually want. ## More on Dividend Data - Overview (HTML): https://www.dividenddata.com/funds/bmdl - Distribution history: https://www.dividenddata.com/funds/bmdl/dividend - Holdings & diversification: https://www.dividenddata.com/funds/bmdl/diversification - Fees & cheaper alternatives: https://www.dividenddata.com/funds/bmdl/expenses - Peer comparison: https://www.dividenddata.com/funds/bmdl/peers Data sourced from primary filings and market data providers; see https://www.dividenddata.com/methodology.