The Infrastructure Capital Bond Income ETF offers a 7.9% trailing yield with NAV flat since inception. It has delivered on its objective thus far, outperforming some close peers. BNDS is actively managed, concentrated in below-investment-grade bonds and preferred stocks, and employs options for additional income. It might work best as a high-yield complement within a diversified bond portfolio, ideally held in a tax-advantaged account.
BNDS is actively managed and deliberately credit-focused. Its prospectus allows holdings “of any credit quality,” including high-yield and even distressed bonds. Target sectors often include utilities, REITs, industrials, and pipelines - areas overlooked by traditional aggregate funds. BNDS represents a trade-off: more credit risk than a vanilla bond ETF, but more flexibility to respond to it.
BNDS focuses on investing in undervalued corporate bonds that are carefully screened by the portfolio management team at Infrastructure Capital Advisors before inclusion. Since launching on January 1st, 2025, BNDS has put together a focused portfolio of fixed income and fixed income-like securities. BNDS' strategy demonstrates how active management can create value in today's challenging fixed income landscape.
| Name | Quantity | Cost | Value | Profit ($) | Gain (%) |
|---|---|---|---|---|---|
Heather LeVar Roxbury Financial LLC | 49 | $2,471 | $2,471 | - | - |