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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
$40.86
As of 05/19/2025

1-Day Change
-$0.03 (-0.07%)
 As of 05/19/2025

YTD Return
1.35%
As of 05/19/2025

Overview

Alert:

Due to a system outage certain daily data updates as of May 20, 2025 are delayed and will be posted as soon as possible.

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: Portfolio Manager
Michael Keough

Portfolio Manager

Industry since 2006. Joined Firm in 2007.

Brad Smith: Portfolio Manager
Brad Smith

Portfolio Manager

Industry since 2010. Joined Firm in 2010.

Performance

RETURNS (%) (As of 03/31/2025)
Nav Market-Price Bloomberg US Corp Bond TR USD
 
3M YTD 1YR 3YR Since Inception
(09/09/2021)
Nav 2.39 2.39 5.64 1.58 -1.24
Market-Price 2.49 2.49 5.74 1.63 -1.20
Bloomberg US Corp Bond TR USD 2.31 2.31 4.90 1.14 -1.45
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 04/30/2025)
Nav Market-Price Bloomberg US Corp Bond TR USD
 
3M YTD 1YR 3YR Since Inception
(09/09/2021)
Nav 1.02 1.81 7.84 3.10 -1.37
Market-Price 0.90 1.61 7.65 3.11 -1.40
Bloomberg US Corp Bond TR USD 1.71 2.27 7.60 3.04 -1.42
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
2024 2023 2022
Nav 3.14 8.49 -15.71
Bloomberg US Corp Bond TR USD 2.13 8.52 -15.76
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.

Premium/Discount History

Morningstar Percentile

 (As of 03/31/2025)
1 YR 3 YR 5 YR 10 YR SINCE INCEPTION
Percentile Ranking 32 35 - - 47
US Fund Corporate Bond | Rank/Count 45/179 46/175 0/0 0/0 64/172
 (As of 04/30/2025)
1 YR 3 YR 5 YR 10 YR SINCE INCEPTION
Percentile Ranking 40 52 - - 62
US Fund Corporate Bond | Rank / Count 54/180 67/174 -/- -/- 82/171

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). Fund performance is on a Net Asset Value (NAV) basis with net income reinvested where applicable.

Returns-Based Statistics (As of 04/30/2025)

RISK / REWARD
VS. Bloomberg US Corp Bond TR USD		 3YR 5YR
Information Ratio 0.06 -
Alpha 0.05 -
Tracking Error 0.88 -
Beta 0.99 -
R-squared (%) 98.99 -
UP/DOWN MARKET CAPTURE (%)
Bloomberg US Corp Bond TR USD		 3YR 5YR
Up Capture Ratio 100.77 -
Down Capture Ratio 100.29 -
STANDARD DEVIATION 3YR 5YR
Corporate Bond ETF 8.78 -
Bloomberg US Corp Bond TR USD 8.78 -
SHARPE RATIO 3YR 5YR
Corporate Bond ETF -0.16 -
Bloomberg US Corp Bond TR USD -0.16 -
DISTRIBUTION OVERVIEW
Ex-DateRecord DatePayable DateOrdinary IncomeShort-Term Capital GainsLong-Term Capital GainsTotal Distribution
05/01/202505/01/202505/07/2025$0.2168660$0.0000000$0.0000000$0.2168660
04/01/202504/01/202504/07/2025$0.1823740$0.0000000$0.0000000$0.1823740
03/03/202503/03/202503/07/2025$0.1797350$0.0000000$0.0000000$0.1797350
02/03/202502/03/202502/07/2025$0.1812530$0.0000000$0.0000000$0.1812530
12/23/202412/23/202412/30/2024$0.1762060$0.0000000$0.0000000$0.1762060
12/02/202412/02/202412/06/2024$0.2805830$0.0000000$0.0000000$0.2805830
11/01/2024 11/01/202411/07/2024$0.1771130$0.0000000$0.0000000$0.1771130
View Full History

Portfolio

Index represents the Bloomberg U.S. Corporate Bond Index

Top Holdings (As of 05/16/2025)
% of Fund
CF Hippolyta Issuer LLC|1.98|03/15/2061, 1.98%, 03/15/61 1.98
PepsiCo Inc|4.4|02/07/2027, 4.40%, 02/07/27 1.49
Bank of New York Mellon Corp|2.8|05/04/2026, 2.80%, 05/04/26 1.49
Gartner Inc|3.75|10/01/2030, 3.75%, 10/01/30 1.36
Atlas Warehouse Lending Co LP|6.05|01/15/2028, 6.05%, 01/15/28 1.33
Danske Bank A/S|5.705|03/01/2030, 5.71%, 03/01/30 1.31
Foundry JV Holdco LLC|5.9|01/25/2033, 5.90%, 01/25/33 1.30
Cooperatieve Rabobank UA|5.71|01/21/2033, 5.71%, 01/21/33 1.30
Booz Allen Hamilton Inc|5.95|04/15/2035, 5.95%, 04/15/35 1.29
Verisk Analytics Inc|5.25|03/15/2035, 5.25%, 03/15/35 1.27
View full holdings

Download

Portfolio Characteristics (As of 05/16/2025)
 
Number of Holdings
Debt Issues		 150
Portfolio Turnover Rate
(1-year trailing)		 173.38%
Weighted Average Maturity
(years)		 7.61
Effective Duration
(years)		 6.64
Yield to Worst
 5.57%
Sector Allocation % of Fund % of Fund As of 05/16/2025
Regional Allocation % of Fund % of Fund As of 05/16/2025
Credit Quality of Fixed Income Holdings % of Fund % of Fund As of 05/16/2025

The credit rating displayed is determined based on the availability of ratings from specific agencies. If Moody's, S&P, and Fitch all provide ratings, the middle rating of the three is shown. If only two of these agencies provide ratings, the more conservative (lower) rating is displayed. Should only one of these agencies offer a rating, that rating alone is used. In cases where none of the primary agencies (Moody's, S&P, Fitch) provide a rating, ratings from secondary agencies KBRA or DBRS are considered. If both secondary agencies provide ratings, the more conservative of the two is shown. If only one secondary agency provides a rating, that rating is displayed.

Maturity Breakdown of Fixed Income Holdings % of Fund % of Fund As of 05/16/2025

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