Academy Veteran Impact ETF
$18.76+0.09 (+0.48%)
- 0.35%
- $129M
- −1.3%
- 6.24%
- 0M sh
- $18.71
- low $18.43high $20.49
The ETF.net VETZ Grade
D
Score 39 out of 100
- 17 of 25
Score 39 of 100 falls in the D 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.C54 out of 100Rank 12 of 25Mission
Whether the fund did what it promised, tested against its stated mandate.D36 out of 100Rank 13 of 20Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.D33 out of 100Rank 17 of 25Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.F19 out of 100Rank 23 of 25Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.C48 out of 100Rank 16 of 25Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.D26 out of 100Rank 22 of 25
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
- 160
- 25%
- Ginnie Mae I Pool 3% 02/15/2050
VETZ 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.
VETZ$9,867
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 | VETZ |
|---|---|
| Year to date | −2.7% |
| 1 month | −2.1% |
| 3 months | −3.4% |
| 1 year | −1.3% |
| 3 years | +4.5% |
| 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 | −2.7% | |
| 2025 | +8.0% | |
| 2024 | +2.2% | |
| 2023 | +3.9% |
VETZ in the news
VETZ Dividends
- 6.24%
- $1.17
- $0.09 per share
- Monthly
Distribution history
VETZ Risk
- 5.6%
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.
- 0.001
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.
- 0.24
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
0.35%
VETZ0.35%
- The middle half of Mortgage-Backed Securities funds
- Median 0.36%
11 of the 24 Mortgage-Backed Securities funds charge less.
Other funds in Mortgage-Backed Securities
- CIMTGInvesco Actively Managed Exchange-Traded Fund Trust - Invesco Agency MBS ETFExpense ratio 0.22%1 year return —
- CVABSVirtus Newfleet Securitized Income ETFExpense ratio 0.39%1 year return +2.7%
- DMTGPWisdomTree Mortgage Plus Bond FundExpense ratio 0.45%1 year return −1.7%
- DSCIOFirst Trust Structured Credit Income Opportunities ETFExpense ratio 0.70%1 year return +1.6%
- DPMBSPIMCO ETF Trust - PIMCO Mortgage-Backed Securities Active Exchange-Traded FundExpense ratio 0.71%1 year return −2.5%