Non-Traditional Bond ETFs


Most of these ETFs tend to invest by pursuing strategies that diverge in some way from conventional practice in the bond-fund universe. One hallmark of non-traditional bond funds is their use of leverage and derivatives to either hedge or increase particular risk exposures. Other bond funds are placed into this category simply because they are unconstrained with respect to the types of bonds they can buy (i.e., any maturity and any level of default risk). We are definitely cautious with this category given the combination of leverage in some cases and exposure to potential rising interest rates. We therefore view this category as better suited for moderate investors, but may consider this more to aggressive investors when rates do begin to creep higher.

D

Category Grade

This category ranks #43 out of 65 ETF categories.

A
Strong Buy

Avg. SMART Grade

The average cap-weighted SMART Grade for ETFs in this category is A (Strong Buy).


Fund Symbol/Name Last Open High Low 52-Wk Hi 52-Wk Lo Day Chg YTD Chg 12-Mo Chg AUM Exp. Ratio SMART Grade
IGHG
ProShares Investment Grade-Interest Rate Hedged
75.73 75.74 75.86 75.60 77.35 71.71 +0.28
(0.37%)
-0.71% 2.31% 264.22M 0.30% A
Strong Buy
STOT
SPDR DoubleLine Short Duration Total Return Tactical ETF
49.75 49.80 49.80 49.73 50.59 49.24 +0.01
(0.02%)
0.46% -0.66% 29.81M 0.45% A
Strong Buy
AGZD
WisdomTree Barclays Interest Rate Hedged U.S. Aggregate Bond Fund
47.99 47.99 47.99 47.99 48.41 47.15 +0.07
(0.15%)
-0.60% 0.38% 23.96M 0.23% A
Strong Buy
EMIH
Deutsche X-trackers Emerging Markets Bond - Interest Rate Hedged ETF
25.14 25.14 25.14 25.14 25.33 23.56 0.00
(0.00%)
2.95% 4.01% 6.25M 0.45% A
Strong Buy
IGIH
Deutsche X-trackers Investment Grade Bond - Interest Rate Hedged ETF
24.08 24.23 24.23 24.08 24.72 22.68 -0.17
(-0.70%)
-0.50% -0.50% 4.80M 0.25% A
Strong Buy
THHY
VanEck Vectors Treasury-Hedged High Yield Bond ETF
23.82 23.84 23.84 23.82 24.32 21.28 +0.03
(0.13%)
0.63% 7.01% 4.77M 0.50% A
Strong Buy
MAUI
AdvisorShares Market Adaptive Unconstrained Income ETF
24.52 24.52 24.52 24.52 24.52 23.10 0.00
(0.00%)
3.16% 3.85% 1.22M 0.99% A
Strong Buy
RISE
Sit Rising Rate ETF
23.08 23.11 23.11 23.07 24.09 22.17 -0.17
(-0.73%)
-2.90% -0.56% 19.65M 0.50% B
Buy
RFUN
RiverFront Dynamic Unconstrained Income ETF
26.13 26.13 26.14 26.09 28.76 24.65 0.00
(0.00%)
1.44% 5.53% 7.84M 0.51% B
Buy
WYDE
ProShares CDS Short North American HY Credit ETF
33.39 33.39 33.39 33.39 38.30 33.39 0.00
(0.00%)
-2.68% -8.97% 5.02M 0.50% B
Buy
RFCI
RiverFront Dynamic Core Income ETF
24.67 24.65 24.69 24.61 27.89 24.16 +0.08
(0.33%)
0.94% -0.92% 28.26M 0.51% NR
Not Rated
AGND
WisdomTree Barclays Negative Duration U.S. Aggregate Bond Fund
43.70 43.61 43.70 43.61 44.62 41.42 +0.44
(1.02%)
-1.49% 1.75% 17.43M 0.28% NR
Not Rated
UBND
WisdomTree Western Asset Unconstrained Bond Fund
50.28 50.28 50.28 50.28 50.53 47.46 -0.13
(-0.26%)
1.19% 4.51% 5.03M 0.55% NR
Not Rated
BNDC
FlexShares Core Select Bond Fund
24.92 24.97 24.97 24.92 25.03 24.53 +0.20
(0.81%)
0.89% -0.32% 3.11M 0.35% NR
Not Rated

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