VictoryShares Short-Term Bond ETF

Frequently Asked Questions About USTB

What does USTB invest in?

This ETF endeavors to provide substantial current income while diligently protecting the principal investment. Typically, its holdings are primarily focused on corporate debt and U.S. Treasury bonds. However, the portfolio possesses the flexibility to invest in a broader spectrum of debt instruments. These include obligations issued by federal, state, and local governments, along with their associated agencies and instrumentalities; mortgage-backed and asset-backed securities; various corporate debt offerings; repurchase agreements; and other financial instruments exhibiting similar debt-like characteristics. Furthermore, the fund has the discretion to allocate up to one-fifth of its total assets to higher-yielding, below-investment-grade corporate bonds.

What is the expense ratio of USTB?

VictoryShares Short-Term Bond ETF (USTB) charges an expense ratio of 0.34%. This is the annual fee deducted from fund assets to cover management and operations.

What is USTB's dividend yield?

USTB's trailing-twelve-month yield is 4.56%, calculated from the sum of dividends over the past year divided by the current price.

What is the duration of USTB?

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

What is the credit quality of USTB?

USTB'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 USTB?

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