Category Review
Municipal bond funds are down for the year after a third-quarter selloff erased the first-half gain
VictoryShares Core Plus Bond ETF
$20.68+0.01 (+0.07%)
- 0.45%
- $1.9B
- −1.7%
- 5.12%
- 0.4M sh
- $20.63
- low $20.53high $22.41
The ETF.net UBND Grade
B
Score 60 out of 100
- 59 of 117
Score 60 of 100 falls in the B 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.D26 out of 100Rank 83 of 117Mission
Whether the fund did what it promised, tested against its stated mandate.A100 out of 100Rank 1 of 101Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.C51 out of 100Rank 34 of 116Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.B58 out of 100Rank 38 of 117Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.A78 out of 100Rank 16 of 116Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.B69 out of 100Rank 36 of 117
Our read on UBND
BA core-plus bond fund parked in an aisle full of three-basis-point index trackers. It hunts high current income without a benchmark to hug, spreads the risk across more than a thousand bonds, and pays monthly.
The Fund seeks high current income while limiting undue risk to principal.
Why people hold it
- Income is the stated job: the prospectus asks for high current income while limiting undue risk to principal, and the fund's behavior has stayed close to that mandate.
- Diversification is broad for a bond fund, spread over more than a thousand positions, with cash paid out monthly rather than quarterly.
- Scale is real: a multi-billion-dollar fund with steady day-to-day trading, and it sits in the upper half of a crowded core bond field.
Worth knowing
- At 0.45%, it runs above the category median and well above index rivals like BND and SCHZ at 0.03%. The fee buys manager discretion, not index replication.
- No declared index means no benchmark to shadow. Sector and credit calls drive the outcome, so behavior can diverge from a plain aggregate tracker.
- Launched in 2021, so its track record is shorter than the decades-old core bond funds it shares shelf space with.
UBND Holdings
- Bonds
- 1,624
- 9%
- Us T-Bond 4.375% 11/15/39
Geography
- United States89.62%
- United Kingdom2.61%
- Canada2.04%
- Luxembourg1.12%
- Ireland1.07%
- France0.68%
- Mexico0.58%
- Bermuda0.47%
- 1.80%
UBND 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.
UBND$9,829
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 | UBND |
|---|---|
| Year to date | −2.5% |
| 1 month | −1.4% |
| 3 months | −2.8% |
| 1 year | −1.7% |
| 3 years | +5.1% |
| 5 years | +0.3% |
| 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 | UBND |
|---|---|---|
| 2026 YTD | −2.5% | |
| 2025 | +7.8% | |
| 2024 | +3.0% | |
| 2023 | +7.4% | |
| 2022 | −12.7% | |
| 2021 | +0.1% |
UBND in the news
UBND Dividends
- 5.12%
- $1.06
- $0.10 per share
- Monthly
Distribution history
UBND Risk
- 5.4%
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.
- 0.05
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.
- −16.6%
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.
- 0.94
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
UBND Cost
0.45%
UBND0.45%
- The middle half of US Aggregate Bond funds
- Median 0.34%
79 of the 113 US Aggregate Bond funds charge less.
Other funds in US Aggregate Bond
- BVCOBVoya Core Bond ETFExpense ratio 0.25%1 year return —
- BGTOSInvesco Short Duration Total Return Bond ETFExpense ratio 0.31%1 year return +2.7%
- BAPCBActivePassive Core Bond ETFExpense ratio 0.36%1 year return −1.7%
- BCPAGF/m Compoundr U.S. Aggregate Bond ETFExpense ratio 0.31%1 year return −2.7%
- BJPIEJPMorgan Income ETFExpense ratio 0.40%1 year return +2.6%