Infrastructure Capital Bond Income ETF
BNDS
New York Stock Exchange Arca- -
USD
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- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management - Bonds
- Address
- 1140 Avenue of the Americas, 16th Floor New York NY United States of America 10036
- IPO Date
- Jan 15, 2025
- Website
- infracapfund.com
- Similar Companies
- Business
- Infrastructure Capital Bond Income ETF (BNDS) is an actively managed exchange-traded fund that seeks to maximize current income through investments in a diversified portfolio of high-yield fixed-income securities, with a secondary objective of pursuing strategic opportunities for capital appreciation; its core holdings predominantly consist of corporate bonds such as those issued by Land O'Lakes Inc., Plains All American Pipeline L.P., and Genesis Energy LP, alongside preferred stocks, government obligations funds, and other credit instruments including perpetual preferred securities and floating-rate notes from issuers like Merchants Bancorp and Brighthouse Financial Inc. The fund opportunistically employs an option-writing strategy and allocates to other ETFs to enhance yield while seeking undervalued securities based on factors including term premium, credit premium, liquidity premium, industry, sector, and market capitalization; up to 20% of net assets may be invested in equity securities, primarily preferred stocks, and it utilizes swap agreements for additional exposure. BNDS operates with a net expense ratio of 0.81%, trades on the NYSE Arca exchange under the ticker BNDS (CUSIP 81752T437), and as of recent data maintains approximately 67 holdings with total assets around $16 million. Launched on January 15, 2025, the ETF is advised by Infrastructure Capital Advisors, LLC (ICA), an SEC-registered investment adviser founded in 2012 and headquartered in New York City, which also manages a suite of complementary income-focused ETFs including the InfraCap MLP ETF (AMZA), Virtus InfraCap U.S. Preferred Stock ETF (PFFA), InfraCap REIT Preferred ETF (PFFR), Infrastructure Capital Equity Income ETF (ICAP), Infrastructure Capital Small Cap Income ETF (SCAP), and the recently launched Preferred Income UCITS ETF (PFFI). In a significant recent development, ICA expanded its offerings into European markets on December 17, 2025, with the launch of the Preferred Income UCITS ETF (PFFI), which mirrors elements of BNDS's high-income strategy by investing in preferred, hybrid, and income-generating securities managed by ICA's core team including Founder and CEO Jay D. Hatfield; this move complements ongoing dividend increases declared for BNDS and peer funds like ICAP and SCAP throughout 2025, alongside monthly distributions to support investor income objectives. The fund targets investors seeking enhanced fixed-income yields from U.S.-centric securities across infrastructure-related sectors such as energy, real estate, and utilities, with distribution handled by Quasar Distributors, LLC.