Infrastructure Capital Bond Income ETF
$49.87−0.25 (−0.50%)
- Expense ratio
- 0.88%
- Fund size
- $96M
- 1Y return
- +5.8%
- Yield · Last 12 months
- 8.10%
- Volume · 30D
- 0M sh
- NAV per share
- $50.03
- 52W range
The ETF.net BNDS Grade
Score 40 of 100 sits in the C band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.
Cost
What you pay to own it — the expense ratio plus trading frictions, ranked within its category.FScore 2Category rankMission
How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.AScore 72Category rankRisk
How violently it can move — volatility, drawdown depth, and downside capture versus its category.CScore 54Category rankTradability
How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.CScore 53Category rankHoldings
What it actually owns — the quality, breadth, and concentration of the underlying portfolio.DScore 36Category rankDurability
Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.DScore 37Category rank
Our read on BNDS
CBuilt to maximize current income: an actively run bond portfolio that keeps at least 80% in fixed income, leans on corporate credit, roams across ratings and maturities, and pays monthly. The hand-steered option in a category ruled by index trackers.
The Fund seeks to maximize current income while also pursuing opportunities for capital appreciation.
Why people hold it
- No index to hug. The manager moves between municipal, government and corporate bonds and up or down the credit and maturity ladder as the opportunity set changes.
- Income is the stated first job, capital appreciation second, and the cash arrives monthly rather than quarterly.
- Corporate credit sits up front, the part of the bond market where the coupons are fattest, rather than a Treasury-heavy default mix.
- Plain 1940 Act ETF plumbing: ordinary 1099 tax reporting, no K-1 to wait on.
Worth knowing
- Active pricing. The 0.81% fee is a real hurdle in a category where the index anchors are nearly free (BND and SPAB each charge 0.03%).
- A 2025 launch, so the record is short and the fund is still building scale. Thinner trading than the category giants means limit orders are your friend.
- Flexibility across credit qualities cuts both ways: results ride on the manager's calls, and the mandate permits lower-rated bonds.
BNDS Holdings
- Bonds
- —
- 29%
- 163851AJ7
BNDS Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
Returns run to the Sep 22, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.
| Period | BNDS |
|---|---|
| Year to date | +5.1% |
| 1 month | +0.4% |
| 3 months | +0.3% |
| 1 year | +5.8% |
| 3 years | — |
| 5 years | — |
| 10 years | — |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | BNDS |
|---|---|---|
| 2026 YTD | +5.1% | |
| 2025 | +8.3% |
BNDS in the news
ETF.net Research hasn’t filed on BNDS yet — coverage lands here as it’s written.
BNDS Dividends
- 8.10%
- $4.06
- $0.34 per share
- Monthly
Distribution history
| Ex-date | Pay date | Amount per share |
|---|---|---|
| Aug 27, 2026 | Aug 28, 2026 | $0.34 |
| Jul 30, 2026 | Jul 31, 2026 | $0.34 |
| Jun 29, 2026 | Jun 30, 2026 | $0.34 |
| May 28, 2026 | May 29, 2026 | $0.34 |
| Apr 29, 2026 | Apr 30, 2026 | $0.34 |
| Mar 30, 2026 | Mar 31, 2026 | $0.34 |
| Feb 26, 2026 | Feb 27, 2026 | $0.34 |
| Jan 29, 2026 | Jan 30, 2026 | $0.34 |
| Dec 30, 2025 | Dec 31, 2025 | $0.34 |
| Nov 26, 2025 | Nov 28, 2025 | $0.33 |
| Oct 30, 2025 | Oct 31, 2025 | $0.33 |
| Sep 29, 2025 | Sep 30, 2025 | $0.33 |
BNDS Risk
- 5.2%
How it’s calculated: standard deviation
The sample standard deviation of monthly total returns, multiplied by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.
- 0.76
How it’s calculated: Sharpe ratio
Subtract each month’s Treasury-bill return from the fund’s monthly total return.
Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.
- −7.0%
How it’s calculated: maximum drawdown
The largest percentage decline from an earlier peak, using total returns with reinvested distributions.
Uses up to five years through the last close, with at least 12 months required.
- 0.31
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
BNDS Cost
- The middle half of US High Yield funds
- Median 0.43%
80 of the 84 US High Yield funds charge less.