Academy Veteran Impact ETF
$18.96−0.14 (−0.73%)
- Expense ratio
- 0.35%
- Fund size
- $122M
- 1Y return
- +1.2%
- Yield · Last 12 months
- 6.14%
- Holdings
- 161
- Volume · 30D
- 0M sh
- NAV per share
- $19.12
- 52W range
The ETF.net VETZ Grade
Score 38 of 100 sits in the D 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.CScore 50Category rankMission
How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.DScore 30Category rankRisk
How violently it can move — volatility, drawdown depth, and downside capture versus its category.CScore 48Category rankTradability
How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.FScore 19Category rankHoldings
What it actually owns — the quality, breadth, and concentration of the underlying portfolio.CScore 52Category rankDurability
Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.FScore 21Category rank
Our read on VETZ
DMost mortgage-bond ETFs are pure plumbing. VETZ makes the borrower the point: a US fixed-income portfolio built around lending to active-duty service members and veterans, with income paid out monthly.
The Fund seeks current income while pursuing a positive impact for active duty service members and veterans, including through veteran loans.
Why people hold it
- The mandate is the whole differentiator: the stated objective is current income while pursuing a positive impact for active-duty service members and veterans, including through veteran loans.
- Ordinary machinery under an unusual theme: US bonds, roughly 160 positions, cash distributed monthly.
- The 0.35% expense ratio lands at the median for mortgage-bond ETFs, so the veteran-loan angle is not priced as a specialty add-on.
Worth knowing
- Index rivals set a cheap bar: VMBS charges 0.03% and MBB 0.04%. The gap is what the impact mandate and active security selection cost here.
- Small and thinly traded, so spreads can run wider than the category's giants and larger orders may need patience.
- Launched in 2023, it sits in the lower half of its mortgage-bond peer group on our read, and it is still a bond fund: values move with rates and prepayments.
VETZ Holdings
- Bonds
- 161
- 25%
- 3617M5KT8
VETZ 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 | VETZ |
|---|---|
| Year to date | −0.9% |
| 1 month | −1.0% |
| 3 months | −1.9% |
| 1 year | +1.2% |
| 3 years | +4.8% |
| 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 | VETZ |
|---|---|---|
| 2026 YTD | −0.9% | |
| 2025 | +8.0% | |
| 2024 | +2.2% | |
| 2023 | +3.9% |
VETZ in the news
ETF.net Research hasn’t filed on VETZ yet — coverage lands here as it’s written.
VETZ Dividends
- 6.14%
- $1.17
- $0.09 per share
- Monthly
Distribution history
| Ex-date | Pay date | Amount per share |
|---|---|---|
| Sep 1, 2026 | Sep 2, 2026 | $0.09 |
| Aug 3, 2026 | Aug 4, 2026 | $0.09 |
| Jul 1, 2026 | Jul 2, 2026 | $0.09 |
| Jun 1, 2026 | Jun 2, 2026 | $0.09 |
| May 1, 2026 | May 4, 2026 | $0.08 |
| Apr 1, 2026 | Apr 2, 2026 | $0.10 |
| Mar 2, 2026 | Mar 3, 2026 | $0.08 |
| Feb 2, 2026 | Feb 3, 2026 | $0.10 |
| Dec 30, 2025 | Dec 31, 2025 | $0.13 |
| Dec 1, 2025 | Dec 2, 2025 | $0.11 |
| Nov 3, 2025 | Nov 4, 2025 | $0.11 |
| Oct 1, 2025 | Oct 2, 2025 | $0.09 |
VETZ 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.
- 0.01
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.
- −5.2%
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.
- 0.23
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
VETZ Cost
- The middle half of Mortgage-Backed Securities funds
- Median 0.32%
12 of the 24 Mortgage-Backed Securities funds charge less.