VictoryShares Core Intermediate Bond ETF

Frequently Asked Questions About UITB

What does UITB invest in?

This ETF is designed to achieve a significant level of current income while carefully managing risk to the initial investment. Under typical market conditions, the portfolio will predominantly invest in high-quality corporate debt and securities issued by the U.S. government. Its broad investment scope may include various governmental debt obligations (such as those from federal, state, and local authorities, including their agencies and instrumentalities); mortgage-backed and asset-backed securities; corporate bonds; repurchase agreements; and other financial instruments exhibiting debt-like characteristics. Notably, at least 35% of its net assets will generally be dedicated to government obligations. While the fund primarily focuses on investment-grade securities, it has the flexibility to allocate up to 5% of its net assets to lower-rated, below-investment-grade instruments, often known as high-yield or "junk" bonds.

What is the expense ratio of UITB?

VictoryShares Core Intermediate Bond ETF (UITB) charges an expense ratio of 0.38%. This is the annual fee deducted from fund assets to cover management and operations.

What is UITB's dividend yield?

UITB's trailing-twelve-month yield is 4.42%, calculated from the sum of dividends over the past year divided by the current price.

What is the duration of UITB?

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

What is the credit quality of UITB?

UITB'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 UITB?

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