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.

C

Category Grade

This category ranks #27 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
72.82 72.93 72.93 72.68 77.72 52.44 -0.11
(-0.15%)
-3.58% -3.11% 357.56M 0.30% A
Strong Buy
UCON
First Trust TCW Unconstrained Plus Bond ETF
26.27 26.24 26.31 26.23 26.41 21.07 +0.01
(0.04%)
4.10% 1.62% 222.15M 0.75% A
Strong Buy
STOT
SPDR DoubleLine Short Duration Total Return Tactical ETF
49.87 49.87 49.88 49.84 50.17 47.13 -0.01
(-0.02%)
2.17% 0.53% 144.33M 0.45% A
Strong Buy
RFCI
RiverFront Dynamic Core Income ETF
26.11 26.15 26.15 26.11 26.57 23.13 +0.03
(0.12%)
5.61% 3.82% 113.80M 0.52% A
Strong Buy
BNDC
FlexShares Core Select Bond Fund
26.85 26.45 26.88 26.45 27.59 23.71 -0.01
(-0.04%)
6.80% 5.11% 107.44M 0.35% A
Strong Buy
AGZD
WisdomTree Interest Rate Hedged U.S. Aggregate Bond Fund
46.94 46.93 47.00 46.93 48.28 42.79 +0.01
(0.02%)
-0.64% -1.94% 93.86M 0.23% A
Strong Buy
FFIU
UVA Unconstrained Medium-Term Fixed Income ETF
26.49 26.54 26.54 26.49 28.35 23.25 -0.03
(-0.11%)
5.59% 3.78% 72.82M 0.51% A
Strong Buy
NFLT
Virtus Newfleet Multi-Sector Bond ETF
24.85 24.82 24.88 24.82 26.37 19.78 +0.03
(0.12%)
3.60% 1.68% 18.62M 0.50% A
Strong Buy
RFUN
RiverFront Dynamic Unconstrained Income ETF
25.37 25.46 25.46 25.36 25.69 21.15 -0.01
(-0.04%)
2.63% 0.16% 12.71M 0.52% A
Strong Buy
SEIX
Virtus Seix Senior Loan ETF
24.26 24.26 24.26 24.26 25.08 20.50 0.00
(0.00%)
0.46% -1.60% N/A N/A A
Strong Buy
FLCB
Franklin Liberty U.S. Core Bond ETF
26.19 26.16 26.22 26.16 26.77 24.19 -0.02
(-0.08%)
6.39% 4.27% N/A N/A A
Strong Buy
RISE
Sit Rising Rate ETF
20.23 20.20 20.23 20.20 23.10 19.93 +0.05
(0.25%)
-11.93% -10.78% 3.03M 0.35% B
Buy
KDFI
KFA Dynamic Fixed Income ETF
21.12 21.15 21.15 21.12 27.33 18.36 -0.10
(-0.47%)
-12.72% -15.57% N/A N/A C
Neutral
AGND
WisdomTree Barclays Negative Duration U.S. Aggregate Bond Fund
38.06 38.18 38.18 37.80 42.06 36.60 +0.10
(0.26%)
-7.79% -9.79% 15.18M 0.28% NR
Not Rated
ADFI
Anfield Dynamic Fixed Income ETF
9.93 9.93 9.93 9.93 10.06 9.93 -0.02
(-0.20%)
-0.75% -0.85% N/A N/A NR
Not Rated
WYDE
ProShares CDS Short North American HY Credit ETF
31.49 31.49 31.49 31.49 33.45 30.77 +0.27
(0.86%)
-2.81% -3.39% N/A N/A NR
Not Rated
IGIH
Deutsche X-trackers Investment Grade Bond - Interest Rate Hedged ETF
20.91 20.80 21.01 20.80 24.08 17.81 +0.20
(0.97%)
-11.53% -10.56% N/A N/A NR
Not Rated
DEED
First Trust TCW Securitized Plus ETF
25.86 25.86 25.86 25.86 26.17 25.01 -0.05
(-0.19%)
3.77% 3.40% N/A N/A NR
Not Rated
PMAY
Innovator S&P 500 Power Buffer ETF - May
27.76 27.66 27.77 27.66 27.91 25.05 +0.07
(0.25%)
9.64% 9.64% N/A N/A NR
Not Rated
INC
Ishares U.S. Fixed Income Balan
99.43 99.42 99.43 99.42 100.20 96.37 +0.06
(0.06%)
0.00% -0.32% N/A N/A NR
Not Rated
EMIH
Deutsche X-trackers Emerging Markets Bond - Interest Rate Hedged ETF
19.75 19.75 19.75 19.75 24.56 17.35 -0.33
(-1.64%)
-16.86% -15.80% N/A N/A NR
Not Rated

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