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RJVI

GradeCNew York Stock Exchange Arca

RJ Eagle Vertical Income ETF

Corporate Bond · Raymond James · Inception 2025-10-02

$24.34−0.21 (−0.86%)

As of Sep 23, 2026, 2:10 PM EDT

History starts Oct 2, 2025.History starts Oct 2, 2025.
Intraday session: down, 6 prints from 24.55 to 24.34. Range 24.34 to 24.51. Use the arrow keys to read each point.$24.40$24.45$24.5010 AM12 PM2 PM4 PM
Expense ratio
0.51%
Fund size
$18M
1Y return
—
Yield · Last 12 months
Data unavailable
Holdings
78
Volume · 30D
0M sh
NAV per share
$24.53
52W range
low $24.47high $25.68

The ETF.net RJVI Grade

C

42/ 100

Rank 39 of 49 in Investment Grade Corporate⁠

Confidence High

Six-pillar profile for RJVI. Scores out of 100: Cost 1, Risk 63, Mission 100, Tradability 19, Holdings 50, Durability 6. Strongest: Mission (100). Weakest: Cost (1). Leans toward Mission.
F< 25
D≥ 25
C≥ 40
B≥ 55
A≥ 70

Score 42 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 1
    Category rank48/49 · bottom quartile

  • Mission

    How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.
    AScore 100
    Category rank18/45 · top 40%

  • Risk

    How violently it can move — volatility, drawdown depth, and downside capture versus its category.
    BScore 63
    Category rank8/49 · top 16%

  • Tradability

    How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.
    FScore 19
    Category rank45/49 · bottom quartile

  • Holdings

    What it actually owns — the quality, breadth, and concentration of the underlying portfolio.
    CScore 50
    Category rank32/49 · mid-pack

  • Durability

    Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.
    FScore 6
    Category rank49/49 · bottom quartile

Graded as of Sep 22, 2026

Our read on RJVI

ETF.net Research

CMost investment-grade corporate bond funds buy the bond and stop there. RJVI roams the whole capital stack, holding a company's bonds, preferred shares or common stock, wherever the income case looks strongest.

Stated mandate

The fund seeks current income, with long-term capital appreciation as a secondary objective. It uses a capital-structure-agnostic approach, primarily investing in investment-grade corporate bonds while opportunistically investing in preferred stock or common stock when they offer greater risk-adjusted income potential.

Why people hold it

  1. 01Capital-structure-agnostic by design: mostly investment-grade corporate bonds, with room to move into preferred or common stock when those offer better risk-adjusted income.
  2. 02The mandate is specific for an active fund: current income first, long-term appreciation second, and the portfolio lines up closely with what the prospectus describes.
  3. 03One decision instead of three: the bond, preferred and common-stock income mix is the manager's call rather than something you assemble from separate funds.

Worth knowing

  1. 01At 0.51%, it costs well above index rivals in the same aisle like VCIT (0.03%) and IGIB (0.04%). The flexibility is what the extra buys.
  2. 02It launched in October 2025, so there's a short history and no full credit cycle to judge the approach against.
  3. 03This is a young, small fund rather than one of the category's heavily traded giants, which can show up as wider bid/ask spreads.

RJVI Holdings

As of Sep 20, 2026, 9:12 AM
Asset class
Stocks
Holdings
78
Top-10 weight
17%
Largest holding
Dollar General Corp 5% 11/01/20321.9%

Sectors

  • Health Care16.6%
  • Cons. Staples13.9%
  • Financials13.0%
  • Utilities11.6%
  • Energy11.1%
  • Communication10.1%
  • Industrials9.2%
  • Technology8.6%
  • Real Estate5.9%
The fund’s holdings, weight-ordered — page 1 of 6.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001—Dollar General Corp 5% 11/01/20321.94%369,000$356K8
002—Honeywell International Inc 5% 03/01/20351.94%370,000$356K5
003—Diageo Capital PLC 3.875% 04/29/20431.94%464,000$355K4
004—Union Pacific Corp 5.6% 12/01/20541.89%370,000$347K4
005—Apple Inc 3.75% 09/12/20471.86%469,000$342K7
006—Comcast Corp 5.35% 05/15/20531.77%403,000$326K7
007—American Express Co 6.45% 09/15/21751.52%278,000$278K16
008—CMS Energy Corp 4.75% 06/01/20501.50%286,000$275K11
009—Lockheed Martin Corp 4.8% 08/15/20341.50%287,000$275K6
010—Jabil Inc 4.2% 02/01/20291.49%282,000$274K10
011—American Electric Power Co Inc 5.8% 03/15/20561.49%281,000$274K17
012—Broadcom Inc 4.6% 01/15/20331.49%292,000$274K13
013—Equifax Inc 5.1% 06/01/20281.49%274,000$273K9
014—PNC Financial Services Group Inc/The 6.25% 06/15/21751.49%272,000$273K13
015—Bank of America Corp 6.25% 10/26/21741.49%275,000$273K10

Showing 1–15 of 78 holdings

RJVI Performance

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

RJVI$10,103
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,430
Dec 31, 2025 to Sep 22, 2026. RJVI $10,103. SPY $11,430. Use the arrow keys to read each point.$9,119$10,381$11,642Dec 2025May 2026Sep 2026

Dec 31, 2025 – Sep 22, 2026

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.

Trailing total return for RJVI. Periods over one year show the average yearly return.
PeriodRJVI
Year to date+1.0%
1 month−1.1%
3 months−0.8%
1 yearFund is under 1 year old—
3 yearsFund is under 3 years old—per year
5 yearsFund is under 5 years old—per year
10 yearsFund is under 10 years old—per year

As of the close, with distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for RJVI
YearReturn barRJVI
2026 YTD+1.0%
2025+0.5%

Since listing, Oct 2, 2025

RJVI in the news

ETF.net Research hasn’t filed on RJVI yet — coverage lands here as it’s written.

RJVI Dividends

Adds up every distribution paid per share over the last 12 months, divided by the last completed close. Distributions are counted by ex-date. Data through Sep 22, 2026.
Data unavailableLast 12 months
Payout per share
Data unavailableLast 12 months
Last payment
$0.08 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Monthly

Distribution data unavailable.

Distribution history

2025–2026

One bar per payment. 11 payments from 2025 to 2026 YTD. Oct 31, 2025 $0.06; Nov 28, 2025 $0.08; Dec 31, 2025 $0.10; Jan 30, 2026 $0.08; Feb 27, 2026 $0.07; Mar 31, 2026 $0.12; Apr 30, 2026 $0.08; May 29, 2026 $0.08; Jun 30, 2026 $0.10; Jul 31, 2026 $0.08; Aug 31, 2026 $0.08. Use the arrow keys to read each point.20252026YTD
Ex-datePay dateAmount per share
Aug 31, 2026Sep 1, 2026$0.08
Jul 31, 2026Aug 3, 2026$0.08
Jun 30, 2026Jul 1, 2026$0.10
May 29, 2026Jun 1, 2026$0.08
Apr 30, 2026May 1, 2026$0.08
Mar 31, 2026Apr 1, 2026$0.12
Feb 27, 2026Mar 2, 2026$0.07
Jan 30, 2026Feb 2, 2026$0.08
Dec 31, 2025Jan 2, 2026$0.10
Nov 28, 2025Dec 1, 2025$0.08
Oct 31, 2025Nov 3, 2025$0.06

RJVI Risk

How much the fund’s monthly returns vary, scaled to a year.
—
Launched Oct 2025; fills in after 12 months
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.

Return above 3-month US Treasury bills per unit of volatility.
—
Launched Oct 2025; fills in after 12 months
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.

The largest fall from a peak to the low that followed.
—
Launched Oct 2025; fills in after 12 months
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.

How strongly the fund’s returns move with its asset-class index.
0.13
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

RJVI Cost

Expense ratio0.51%
  • The middle half of Investment Grade Corporate funds
  • Median 0.30%

47 of the 49 Investment Grade Corporate funds charge less.

RJVI costs $51.00 a year on $10,000. The median Investment Grade Corporate fund costs $30.00.