Vident Financial

VUBDX



Vident Core U.S. Bond Index

The Vident Core U.S. Bond IndexTM (VUBDX) seeks to diversify interest rate and credit risks through the application of time-tested principles. In addition to diversifying across fixed income sectors, the strategy seeks to improve corporate bond exposures by screening for companies with stronger leadership, governance and creditworthiness factors.

Fact Sheet

Index Stats

Yield to Maturity 3.33%
Yield to Worst 3.32%
Effective Duration 6.17 Years
Average Life 8.81%
Average Rating A+
Average Coupon 3.77%
Option Adjusted Spread (OAS) 118.42%

Index Facts

Index Ticker VUBDX
Inception Date 11/30/2015
Base Index Value 100
Number of Components in Index 259



Get an in-depth view on VUBDX and it’s embedded principles




As of 7/9/2019

Top Issuers

Top Issuers Weight
1. UNITED STATES TREASURY 52.11%
2. FREDDIE MAC 4.27%
3. TENNESSEE VALLEY AUTHORITY 1.36%
4. FEDERAL NATIONAL MTG ASSOC 1.01%
5. HEWLETT-PACKARD CO .62%
6. DISH NETWORK CORP .42%
7. FEDERAL HOME LOAN BANK OF CHICAG .4%
8. FEDERAL HOME LOAN BANKS .4%
9. L BRANDS INC .39%
10. QURATE RETAIL INC .39%


As of 7/9/2019

Top Components

Top Corporate Components Weight
1. DISH DBS CORP  5.875%   11/15/2024 .42%
2. L BRANDS INC  6.75%   7/1/2036 .39%
3. LIBERTY INTERACTIVE LLC  8.25%   2/1/2030 .39%
4. ADIENT GLOBAL HLDGS LTD  4.875%   8/15/2026 .38%
5. SUNCOKE ENERGY PARTNERS LP  7.5%   6/15/2025 .37%
6. WASHINGTON PRIME GROUP LP  5.95%   8/15/2024 .37%
7. MDC HLDGS INC  6%   1/15/2043 .37%
8. W&T OFFSHORE INC  9.75%   11/1/2023 .36%
9. SM ENERGY CO  6.625%   1/15/2027 .36%
10. GULFPORT ENERGY CORP  6%   10/15/2024 .34%
11. TUTOR PERINI CORP  6.875%   5/1/2025 .33%
12. MARKEL CORP  5%   4/5/2046 .33%
13. UNUM GROUP  5.75%   8/15/2042 .32%
14. PEABODY ENERGY CORP  6.375%   3/31/2025 .32%
15. EXELON GENERATION CO LLC  6.25%   10/1/2039 .32%


Sector Characteristics

Sector    # of Components Weighting Yield-to-Maturity Yield-to-Worst Effective Duration Average Rating
Agency 31 3.02% 2.44% 2.44% 6.82 Years AAA-
Corporate 85 25.47% 4.33% 4.31% 9.2 Years BBB
HighYield 53 9.53% 7.75% 7.68% 5.04 Years BB-
TIPS 32 15.01% 2.25% 2.25% 4.57 Years AA+
Treasury 27 37.1% 2.16% 2.16% 6.05 Years AA+
Mortgage 31 9.87% 2.81% 2.81% 2.08 Years AA+
Totals 259 100% 3.33% 3.32% 6.17 Years A+

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*An investor may not invest directly in an index such as VIEQX. In addition, emerging markets investments may expose investors to risks not typically associated with similar investments in more developed markets. The classification of a country as an "emerging market" is generally based on the relative economic, political and social development and is by necessity subjective.