Vident Financial

VUBDX



Vident Core U.S. Bond Index

The Vident Core U.S. Bond IndexTM (VUBDX) seeks to diversify interest rate and credit risks through the application of time-tested principles. In addition to diversifying across fixed income sectors, the strategy seeks to improve corporate bond exposures by screening for companies with stronger leadership, governance and creditworthiness factors.

Index Stats

Yield to Maturity 3.09%
Yield to Worst 3.07%
Effective Duration 6.03 Years
Average Life 8.68%
Average Rating A+
Average Coupon 3.9%
Option Adjusted Spread (OAS) 122.28%

Index Facts

Index Ticker VUBDX
Inception Date 11/30/2015
Base Index Value 100
Number of Components in Index 280



Get an in-depth view on VUBDX and it’s embedded principles




As of 9/20/2019

Top Issuers

Top Issuers Weight
1. UNITED STATES TREASURY 51.95%
2. FREDDIE MAC 4.91%
3. TENNESSEE VALLEY AUTHORITY 1.47%
4. FEDERAL NATIONAL MTG ASSOC .78%
5. FEDERAL HOME LOAN BANKS .49%
6. FEDERAL HOME LOAN BANK OF CHICAG .49%
7. SRC ENERGY INC .46%
8. W&T OFFSHORE INC .41%
9. ADIENT GLOBAL HOLDINGS LTD .41%
10. CENTURYLINK INC .41%


As of 9/20/2019

Top Components

Top Corporate Components Weight
1. SRC ENERGY INC  6.25%   12/1/2025 .46%
2. W&T OFFSHORE INC  9.75%   11/1/2023 .41%
3. ADIENT GLOBAL HLDGS LTD  4.875%   8/15/2026 .41%
4. EMBARQ CORP  7.995%   6/1/2036 .41%
5. DISH DBS CORP  5.875%   11/15/2024 .39%
6. COMMSCOPE FIN LLC  8.25%   3/1/2027 .38%
7. L BRANDS INC  6.75%   7/1/2036 .38%
8. WASHINGTON PRIME GROUP LP  6.45%   8/15/2024 .37%
9. EXTRACTION OIL & GAS INC  5.625%   2/1/2026 .35%
10. SUNCOKE ENERGY PARTNERS LP  7.5%   6/15/2025 .35%
11. TUTOR PERINI CORP  6.875%   5/1/2025 .33%
12. UNITED STATES STEEL CORP  6.25%   3/15/2026 .33%
13. OASIS PETROLEUM INC  6.875%   3/15/2022 .33%
14. VULCAN MATERIALS CO  4.5%   6/15/2047 .33%
15. SONOCO PRODUCTS CO  5.75%   11/1/2040 .32%


Sector Characteristics

Sector    # of Components Weighting Yield-to-Maturity Yield-to-Worst Effective Duration Average Rating
Agency 40 3.03% 2.08% 2.08% 6.78 Years AAA-
Corporate 83 25.23% 4.26% 4.24% 9.16 Years BBB
HighYield 55 9.9% 7.21% 7.09% 4.97 Years B+
TIPS 30 15.01% 2.1% 2.1% 6.03 Years AA+
Treasury 42 36.94% 1.81% 1.81% 5.22 Years AA+
Mortgage 30 9.89% 2.59% 2.59% 1.88 Years AA+
Totals 280 100% 3.09% 3.07% 6.03 Years A+

*An investor may not invest directly in an index such as VIEQX. In addition, emerging markets investments may expose investors to risks not typically associated with similar investments in more developed markets. The classification of a country as an "emerging market" is generally based on the relative economic, political and social development and is by necessity subjective.