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 4%
Yield to Worst 3.98%
Effective Duration 6.09 Years
Average Life 8.7%
Average Rating A
Average Coupon 4.37%
Option Adjusted Spread (OAS) 150.45%

Index Facts

Index Ticker VUBDX
Inception Date 11/30/2015
Base Index Value 100
Number of Components in Index 340



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




As of 3/22/2019

Top Issuers

Top Issuers Weight
1. UNITED STATES TREASURY 41.6%
2. FEDERAL NATIONAL MTG ASSOC 4.42%
3. FREDDIE MAC 4.29%
4. TENNESSEE VALLEY AUTHORITY 1.3%
5. HEWLETT-PACKARD CO .61%
6. PBF ENERGY CO LLC .58%
7. CALPINE CORP .45%
8. MALLINCKRODT PLC .44%
9. SUNCOKE ENERGY INC .44%
10. RAYONIER AM PRODUCTS INC .44%


As of 3/22/2019

Top Components

Top Corporate Components Weight
1. CALPINE CORP  5.75%   1/15/2025 .45%
2. MALLINCKRODT INTL FIN SA  4.75%   4/15/2023 .44%
3. SUNCOKE ENERGY PARTNERS LP  7.5%   6/15/2025 .44%
4. RAYONIER AM PRODUCTS INC  5.5%   6/1/2024 .44%
5. DISH DBS CORP  5.875%   11/15/2024 .43%
6. W&T OFFSHORE INC  9.75%   11/1/2023 .43%
7. GENESIS ENERGY LP  6.5%   10/1/2025 .43%
8. AMERICAN AXLE & MANUFACTURING INC  6.25%   4/1/2025 .43%
9. SUMMIT MIDSTREAM HLDGS LLC  5.75%   4/15/2025 .43%
10. SOUTHWESTERN ENERGY CO  6.2%   1/23/2025 .43%
11. HUGHES SATELLITE SYSTEMS CORP  6.625%   8/1/2026 .42%
12. CLEVELAND-CLIFFS INC  5.75%   3/1/2025 .42%
13. CENTURYLINK INC  7.65%   3/15/2042 .42%
14. L BRANDS INC  6.75%   7/1/2036 .41%
15. LIBERTY INTERACTIVE LLC  8.25%   2/1/2030 .41%


Sector Characteristics

Sector    # of Components Weighting Yield-to-Maturity Yield-to-Worst Effective Duration Average Rating
Agency 46 2.98% 2.77% 2.77% 6.45 Years AAA-
Corporate 84 25.07% 4.87% 4.84% 8.53 Years BBB
HighYield 91 20.48% 6.52% 6.48% 5.1 Years BB-
TIPS 37 10.02% 2.61% 2.61% 4.14 Years AA+
Treasury 51 31.58% 2.46% 2.46% 6.35 Years AA+
Mortgage 31 9.87% 3.25% 3.25% 3 Years AA+
Totals 340 100% 4% 3.98% 6.09 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.