VictoryShares Corporate Bond ETF

Frequently Asked Questions About UCRD

What does UCRD invest in?

UCRD actively invests in investment-grade corporate bonds, utilizing proprietary methodologies to pick securities that demonstrate strong ESG characteristics and acceptable credit risk. The fund uses two proprietary methodologies: an ESG methodology, which scores securities on environmental, social, and governance factors, and a proprietary credit rating methodology, which combines the composite ESG score and credit risk assessment to create an internal credit rating. This internal credit rating is then used to select the securities for the portfolio. UCRD may also allocate a small portion of its assets in securities outside its normal segment, like high yield securities, government securities, and USD denominated foreign securities. The fund may also engage in relative value trading. Prior to April 24, 2023, the fund was named VictoryShares ESG Corporate Bond ETF.

What is the expense ratio of UCRD?

VictoryShares Corporate Bond ETF (UCRD) charges an expense ratio of 0.47%. This is the annual fee deducted from fund assets to cover management and operations.

What is UCRD's dividend yield?

UCRD's trailing-twelve-month yield is 4.30%, calculated from the sum of dividends over the past year divided by the current price.

What is the duration of UCRD?

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

What is the credit quality of UCRD?

UCRD'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 UCRD?

Yield to maturity (YTM) is the total return you'd earn from UCRD if every bond in the portfolio is held to maturity at the current price. UCRD'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.