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.
Category Grade
This category ranks #11 out of 65 ETF categories.
Avg. SMART Grade
The average cap-weighted SMART Grade for ETFs in this category is B (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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| RFCI RiverFront Dynamic Core Income ETF |
26.08 | 26.09 | 26.09 | 25.83 | 26.33 | 23.13 | +0.35 (1.36%) |
6.60% | 7.04% | 126.32M | 0.53% |
A Strong Buy |
| BNDC FlexShares Core Select Bond Fund |
26.42 | 26.41 | 26.43 | 26.36 | 27.48 | 23.71 | +0.36 (1.38%) |
6.40% | 7.48% | 31.78M | 0.35% |
A Strong Buy |
| UCON First Trust TCW Unconstrained Plus Bond ETF |
24.47 | 24.72 | 24.78 | 23.53 | 26.28 | 21.07 | +0.36 (1.49%) |
0.00% | -4.02% | 175.45M | 0.75% |
B Buy |
| STOT SPDR DoubleLine Short Duration Total Return Tactical ETF |
48.62 | 48.74 | 49.34 | 48.47 | 50.17 | 47.13 | +0.06 (0.12%) |
-0.78% | -1.01% | 138.95M | 0.45% |
B Buy |
| AGZD WisdomTree Barclays Interest Rate Hedged U.S. Aggregate Bond Fund |
46.86 | 46.99 | 46.99 | 46.70 | 48.28 | 42.79 | +0.42 (0.90%) |
-2.27% | -1.95% | 73.88M | 0.23% |
B Buy |
| FFIU Fieldstone UVA Unconstrained Medium-Term Fixed Income ETF |
25.67 | 25.36 | 25.67 | 25.35 | 28.35 | 23.25 | +0.40 (1.58%) |
4.21% | 3.49% | 49.92M | 0.51% |
B Buy |
| NFLT Virtus Newfleet Multi-Sector Unconstrained Bond ETF |
22.64 | 22.45 | 22.96 | 22.45 | 25.30 | 19.78 | +0.31 (1.39%) |
-8.66% | -6.73% | 19.89M | 0.81% |
B Buy |
| RFUN RiverFront Dynamic Unconstrained Income ETF |
24.38 | 24.38 | 24.42 | 24.38 | 25.69 | 21.15 | +0.69 (2.91%) |
-4.75% | -3.13% | 11.63M | 0.52% |
B Buy |
| IGHG ProShares Investment Grade-Interest Rate Hedged |
68.68 | 67.14 | 69.80 | 67.14 | 77.72 | 52.44 | +1.98 (2.97%) |
-9.81% | -7.80% | 217.49M | 0.30% |
C Neutral |
| AGND WisdomTree Barclays Negative Duration U.S. Aggregate Bond Fund |
37.96 | 37.96 | 37.96 | 37.96 | 42.88 | 36.60 | +0.11 (0.29%) |
-12.01% | -10.83% | 18.72M | 0.28% |
C Neutral |
| SEIX Virtus Seix Senior Loan ETF |
23.51 | 23.51 | 23.51 | 23.51 | 25.08 | 20.50 | +0.53 (2.31%) |
0.00% | -6.02% | 7.89M | 0.57% |
C Neutral |
| RISE Sit Rising Rate ETF |
20.65 | 20.65 | 20.65 | 20.65 | 24.05 | 20.51 | -0.02 (-0.10%) |
-13.09% | -13.22% | 5.13M | 0.35% |
C Neutral |
| EMIH Deutsche X-trackers Emerging Markets Bond - Interest Rate Hedged ETF |
19.90 | 19.81 | 19.90 | 19.74 | 24.56 | 17.35 | +0.53 (2.74%) |
-19.66% | -15.89% | 4.71M | 0.45% |
C Neutral |
| IGIH Deutsche X-trackers Investment Grade Bond - Interest Rate Hedged ETF |
21.85 | 21.88 | 22.02 | 21.85 | 24.08 | 17.81 | +0.67 (3.16%) |
-9.57% | -6.28% | 4.08M | 0.25% |
C Neutral |
| 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 |
| 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 |
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