Infrastructure Capital Bond Income ETF
$48.09−0.17 (−0.35%)
- 0.88%
- $89M
- +3.8%
- 8.43%
- 0M sh
- $48.34
- low $48.15high $52.01
The ETF.net BNDS Grade
C
Score 41 out of 100
- 65 of 85
Score 41 of 100 falls in the C band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.
Cost
The fund’s net expense ratio, ranked against its category.F4 out of 100Rank 82 of 85Mission
Whether the fund did what it promised, tested against its stated mandate.A71 out of 100Rank 57 of 74Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.B55 out of 100Rank 35 of 85Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.B61 out of 100Rank 23 of 85Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.D34 out of 100Rank 68 of 85Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.D36 out of 100Rank 67 of 85
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
- 87
- 31%
- 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.
Not enough history yet.Not enough history yet.Not enough history yet.
BNDS$10,383
Returns run to the Oct 12, 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 | +1.9% |
| 1 month | −2.8% |
| 3 months | −2.9% |
| 1 year | +3.8% |
| 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 | +1.9% | |
| 2025 | +8.3% |
BNDS in the news
BNDS Dividends
- 8.43%
- $4.07
- $0.34 per share
- Monthly
Distribution history
BNDS Risk
- 5.5%
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.
- 0.42
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
0.88%
BNDS0.88%
- The middle half of US High Yield funds
- Median 0.43%
81 of the 85 US High Yield funds charge less.
Other funds in US High Yield
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- CCPHYF/m Compoundr High Yield Bond ETFExpense ratio 0.35%1 year return +1.4%
- CLENDSEI High Yield Bond & Alternative Credit ETFExpense ratio 0.65%1 year return —
- DBKLNInvesco Senior Loan ETFExpense ratio 0.67%1 year return +5.0%