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For Financial Professionals in the US

JLQD Corporate Bond ETF

An actively managed, investment grade-focused corporate credit ETF seeking to generate risk-adjusted excess returns.

NAV
$42.70
As of 10/03/2024

1-Day Change
-$0.13 (-0.30%)
 As of 10/03/2024

YTD Return
5.65%
As of 10/03/2024

Overview

About this ETF

An actively managed investment grade-focused corporate credit ETF. Our research-driven process seeks competitive risk-adjusted returns focused on taking the intended level of risk throughout the cycle.

Why Invest in this ETF

  • Our Team: Culture of collaboration, global integration and respectful challenge with a research-first mentality
  • Research-Driven Conviction: Actively managed portfolio, utilizing a disciplined, research-driven investment process
  • Return Focused: Seeks competitive risk-adjusted returns focused on taking the intended level of risk throughout the cycle

Portfolio Management

Michael Keough
Michael Keough

Portfolio Manager

Industry since 2006. Joined Firm in 2007.

Brad Smith
Brad Smith

Portfolio Manager

Industry since 2010. Joined Firm in 2010.

Performance

RETURNS (%) (As of 06/30/2024)
Nav Market-Price Bloomberg US Corp Bond TR USD
 
3M YTD 1YR Since Inception
(09/09/2021)
Nav 0.30 0.28 5.71 -3.37
Market-Price 0.23 0.13 5.68 -3.37
Bloomberg US Corp Bond TR USD -0.09 -0.49 4.63 -3.52
Returns quoted are past performance and do not guarantee future results; current performance may be lower or higher. Investment returns and principal value will vary; there may be a gain or loss when shares are sold.

Returns include reinvestment of dividends and capital gains. Returns greater than one year are annualized.

Shares of ETFs are bought and sold at market price (not NAV) and are not individually redeemed from the Fund. Market returns are based upon the midpoint of the bid/ask spread at 4:00 p.m. Eastern time (when NAV is normally determined for most ETFs), and do not represent the returns you would receive if you traded shares at other times. Ordinary brokerage commissions apply and will reduce returns.
RETURNS (%) (As of 08/31/2024)
Nav Market-Price Bloomberg US Corp Bond TR USD
 
3M YTD 1YR Since Inception
(09/09/2021)
Nav 4.87 4.27 10.41 -1.91
Market-Price 4.79 4.22 10.49 -1.87
Bloomberg US Corp Bond TR USD 4.66 3.49 9.29 -2.04
Returns quoted are past performance and do not guarantee future results; current performance may be lower or higher. Investment returns and principal value will vary; there may be a gain or loss when shares are sold.

Returns include reinvestment of dividends and capital gains. Returns greater than one year are annualized.

Shares of ETFs are bought and sold at market price (not NAV) and are not individually redeemed from the Fund. Market returns are based upon the midpoint of the bid/ask spread at 4:00 p.m. Eastern time (when NAV is normally determined for most ETFs), and do not represent the returns you would receive if you traded shares at other times. Ordinary brokerage commissions apply and will reduce returns.
Calendar Year Returns (%)
Nav Bloomberg US Corp Bond TR USD
2023 2022
Nav 8.49 -15.71
Bloomberg US Corp Bond TR USD 8.52 -15.76

Premium/Discount History

Morningstar Percentile

 (As of 09/30/2024)
1 YR 3 YR 5 YR 10 YR SINCE INCEPTION
Percentile Ranking 5 48 - - -
Corporate Bond | Rank/Count 8/193 69/185 -/- -/- -/-
 (As of 09/30/2024)
1 YR 3 YR 5 YR 10 YR SINCE INCEPTION
Percentile Ranking 5 48 - - -
Corporate Bond | Rank / Count 8/193 69/185 -/- -/- -/-

Growth of a Hypothetical Investment

@Nav Bloomberg US Corp Bond TR USD Corporate Bond
Source: Morningstar, Inc.
This graph compares the performance of a hypothetical $1 investment in the fund, the fund’s Morningstar category average and its benchmark(s).

Returns-Based Statistics (As of 08/31/2024 )

RISK / REWARD
VS. Bloomberg US Corp Bond TR USD		 3YR 5YR
Information Ratio - -
Alpha - -
Tracking Error - -
Beta - -
R-squared (%) - -
UP/DOWN MARKET CAPTURE (%)
VS. Bloomberg US Corp Bond TR USD		 3YR 5YR
Up Capture Ratio - -
Down Capture Ratio - -
STANDARD DEVIATION 3YR 5YR
Corporate Bond ETF - -
Bloomberg US Corp Bond TR USD - -
SHARPE RATIO 3YR 5YR
Corporate Bond ETF - -
Bloomberg US Corp Bond TR USD - -
DISTRIBUTION OVERVIEW
Ex-DateRecord DatePayable DateOrdinary IncomeShort-Term Capital GainsLong-Term Capital GainsTotal Distribution
10/01/202410/01/202410/07/2024$0.1796340$0.0000000$0.0000000$0.1796340
09/03/202409/03/202409/09/2024$0.1785140$0.0000000$0.0000000$0.1785140
08/01/2024 08/01/2024 08/07/2024 $0.1778300 $0.0000000$0.0000000$0.1778300
07/01/202407/01/202407/08/2024$0.1844760$0.0000000$0.0000000$0.1844760
06/03/202406/03/202406/07/2024$0.1769950$0.0000000$0.0000000$0.1769950
05/01/202405/02/202405/07/2024$0.1714130$0.0000000$0.0000000$0.1714130
04/01/202404/02/202404/05/2024$0.1716340$0.0000000$0.0000000$0.1716340
03/01/202403/04/202403/07/2024$0.1656580$0.0000000$0.0000000$0.1656580
View Full History

Portfolio

Index represents the Bloomberg U.S. Corporate Bond Index

Top Holdings (As of 10/03/2024)
% of Fund
CF Hippolyta Issuer LLC|1.98|03/15/2061, 1.98%, 03/15/61 1.46
Discover Financial Services|7.964|11/02/2034, 7.96%, 11/02/34 1.29
LPL Holdings Inc|6|05/20/2034, 6.00%, 05/20/34 1.27
CoStar Group Inc|2.8|07/15/2030, 2.80%, 07/15/30 1.26
Berry Global Inc|5.8|06/15/2031, 5.80%, 06/15/31 1.26
Blue Owl Finance LLC|6.25|04/18/2034, 6.25%, 04/18/34 1.25
Automatic Data Processing Inc|4.45|09/09/2034, 4.45%, 09/09/34 1.24
Gartner Inc|3.75|10/01/2030, 3.75%, 10/01/30 1.16
CBRE Services Inc|5.95|08/15/2034, 5.95%, 08/15/34 1.05
Nomura Holdings Inc|5.783|07/03/2034, 5.78%, 07/03/34 1.03
View full holdings

Download

Portfolio Characteristics (As of 10/03/2024)
 
Number of Holdings
Debt Issues		 189
Portfolio Turnover Rate
(1-year trailing)		 184.06%
Weighted Average Maturity
(years)		 9.00
Effective Duration
(years)		 6.78
Yield to Worst
 5.21%
Sector Allocation % of Fund % of Fund As of 10/03/2024
Regional Allocation % of Fund % of Fund As of 10/03/2024
Credit Quality of Fixed Income Holdings % of Fund % of Fund As of 10/03/2024
Credit quality ratings reflect the middle rating received from Moody’s, Standard & Poor’s and Fitch, where all three agencies have provided a rating. If only two agencies rate a security, the lowest rating is used. If only one agency rates a security, that rating is used. Ratings are measured on a scale that ranges from Aaa (highest) to D (lowest).
Maturity Breakdown of Fixed Income Holdings % of Fund % of Fund As of 10/03/2024

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