VictoryShares WestEnd Economic Cycle Bond ETF
BMDL
NASDAQ Global Market- -
USD
- -
- -
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 15935 La Cantera Parkway San Antonio TX United States of America 78256
- IPO Date
- Jun 21, 2024
- Similar Companies
- Business
- VictoryShares WestEnd Economic Cycle Bond ETF (BMDL) is an actively managed exchange-traded fund that seeks current income and, to a lesser extent, capital appreciation by investing in a broad range of U.S. fixed-income securities, including U.S. Treasuries, government-related bonds, investment-grade corporate debt from sectors such as financial institutions, industrials, and utilities; mortgage-backed securities; asset-backed securities; and high-yield bonds, with allocations dynamically adjusted based on macroeconomic analysis of economic cycles, interest rate environments, duration sensitivities, and credit conditions without restrictions by credit rating or maturity. The ETF employs a top-down macroeconomic approach by WestEnd Advisors for dynamic duration and credit allocation, combined with bottom-up proprietary credit research and security selection by Victory Income Investors, resulting in a core portfolio of approximately 425 holdings featuring high credit quality (primarily AA-rated U.S. government securities at around 62%, followed by A and BBB corporates), an effective duration of 6.43 years, and a weighted average life of 8.60 years. Issued by Victory Capital Management Inc. and listed on NASDAQ, BMDL targets investors seeking multisector bond exposure benchmarked against the Bloomberg U.S. Government/Credit Index, with operations focused exclusively on the U.S. fixed-income market. Launched on June 21, 2024, and headquartered in San Antonio, Texas, through its sponsor Victory Capital, the ETF leverages the strategic integration of WestEnd Advisors, which Victory Capital acquired in late 2021 for $480 million upfront plus earnouts to enhance its ETF capabilities in dynamic fixed-income strategies. Recent developments include regular dividend distributions, such as the ex-dividend announcement on March 10, 2025, for $0.08466 per share, and sustained asset growth to $112 million as of June 30, 2025, alongside performance enhancements from fee waivers through October 31, 2025, supporting a 30-day SEC yield of 4.08% (subsidized). As part of Victory Capital's expansion of active ETF offerings, BMDL represents a key addition to the VictoryShares lineup, blending specialized teams for adaptive portfolio evolution amid varying interest rate and credit cycles.