Category Review
Municipal bond funds are down for the year after a third-quarter selloff erased the first-half gain
VictoryShares Core Intermediate Bond ETF
$44.73+0.04 (+0.09%)
- 0.38%
- $2.6B
- −1.9%
- 4.47%
- 0.2M sh
- $44.64
- low $44.48high $48.06
The ETF.net UITB Grade
B
Score 67 out of 100
- 39 of 117
Score 67 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.C43 out of 100Rank 67 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.C50 out of 100Rank 39 of 116Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.A74 out of 100Rank 16 of 117Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.A72 out of 100Rank 28 of 116Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.A76 out of 100Rank 20 of 117
Our read on UITB
BMost core bond ETFs clone the Agg index for three basis points. This one is run by people: an active take on the intermediate investment-grade market, launched in 2017 under the USAA banner and flying Victory Capital's flag since 2019.
The Fund seeks high current income while limiting undue risk to principal. It invests mainly in debt securities and related instruments, with duration generally near that of the Bloomberg 1-3 Year Credit Index.
Why people hold it
- Human-run, not index-bound: managers choose among Treasuries, corporates and mortgage bonds rather than owning whatever the Bloomberg U.S. Aggregate benchmark weights dictate.vcm.com
- Roughly 1,100 bonds with an average maturity in the 3-to-10 year range. Core plumbing, not a bet on either end of the yield curve.advisor.vcm.com
- Cash goes out monthly, the cadence income-focused holders usually want from a bond sleeve.
- A multi-billion-dollar fund with a live record back to 2017, and the portfolio it actually holds lines up with the mandate its prospectus sets out.vcm.com
Worth knowing
- It charges 0.38% a year while index peers BND, SPAB and SCHZ charge 0.03%. Active security selection is the thing you are paying that gap for.
- Intermediate maturities carry real interest-rate sensitivity: when yields rise, prices fall. This is not a short-duration parking spot.advisor.vcm.com
- Moderately traded rather than a volume giant, so spreads can widen in fast markets and limit orders do more work than market orders.
UITB Holdings
- Bonds
- 1,246
- 15%
- Us T-Note 3.875% 08/15/34
Sectors
- Energy100.0%
Geography
- United States92.99%
- Canada1.59%
- United Kingdom1.25%
- Japan0.97%
- Netherlands0.60%
- Mexico0.47%
- Ireland0.42%
- Bermuda0.38%
- 1.33%
UITB 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.
UITB$9,805
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 | UITB |
|---|---|
| Year to date | −2.4% |
| 1 month | −1.0% |
| 3 months | −2.6% |
| 1 year | −1.9% |
| 3 years | +4.6% |
| 5 years | 0.0% |
| 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 | UITB |
|---|---|---|
| 2026 YTD | −2.4% | |
| 2025 | +7.3% | |
| 2024 | +1.8% | |
| 2023 | +6.5% | |
| 2022 | −12.2% | |
| 2021 | −0.9% | |
| 2020 | +7.5% |
UITB in the news
UITB Dividends
- 4.47%
- $2.00
- $0.19 per share
- Monthly
Distribution history
UITB 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.
- −0.05
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.
- −16.3%
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.
- 0.96
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
UITB Cost
0.38%
UITB0.38%
- The middle half of US Aggregate Bond funds
- Median 0.34%
63 of the 113 US Aggregate Bond funds charge less.
Other funds in US Aggregate Bond
- BCGCPCapital Group Core Plus Income ETFExpense ratio 0.34%1 year return −1.8%
- BGTOCInvesco Actively Managed Exchange-Traded Fund Trust - Invesco Core Fixed Income ETFExpense ratio 0.28%1 year return −2.0%
- BUSTBVictoryShares Short-Term Bond ETFExpense ratio 0.34%1 year return +2.7%
- BJHCRJohn Hancock Exchange-Traded Fund Trust - John Hancock Core Bond ETFExpense ratio 0.29%1 year return −1.9%
- BLDSFFirst Trust Low Duration Strategic Focus ETFExpense ratio 0.10%1 year return +1.4%