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VETZ ETF — Holdings & Analysis

The Academy Veteran Impact ETF (VETZ) is a fixed-income ETF managed by Academy, with $0.08 billion in assets under management. Launched in July 2023, VETZ distinguishes itself by focusing its investments primarily in loans to U.S. service members, military veterans, their survivors, and veteran-owned businesses. The fund operates with an expense ratio of 0.35%, seeking to generate income through this targeted approach to fixed-income investing. Past performance does not guarantee future results.

Academy Veteran Impact ETF (VETZ) ETF — Price, Holdings & Analysis

The Academy Veteran Impact ETF (VETZ) is a fixed-income ETF managed by Academy, with $0.08 billion in assets under management. Launched in July 2023, VETZ distinguishes itself by focusing its investments primarily in loans to U.S. service members, military veterans, their survivors, and veteran-owned businesses. The fund operates with an expense ratio of 0.35%, seeking to generate income through this targeted approach to fixed-income investing. Past performance does not guarantee future results.

ETF Overview

The Academy Veteran Bond ETF seeks to generate income by investing primarily in loans to U.S. service members, military veterans, their survivors, and veteran-owned businesses.
The Academy Veteran Impact ETF (VETZ) aims to provide income by investing in a unique segment of the fixed-income market: loans to U.S. service members, veterans, their families, and veteran-owned businesses. This targeted approach differentiates VETZ from broader fixed-income ETFs. The fund's current holdings are concentrated, with the largest single holding, First American Government Obligs X (FGXXX), accounting for 3.04% of the portfolio. The fund's sector allocation is heavily weighted towards Cash & Others, representing 100% of the portfolio. This allocation suggests a highly liquid or short-term investment strategy. With 161 holdings, VETZ offers some diversification within its niche. The fund's investment strategy is designed for investors seeking to support veterans while generating income, but it's important to consider the concentration in specific loan types and the overall portfolio allocation. Past performance does not guarantee future results.

Risk Metrics

VETZ's risk profile is shaped by its focused investment strategy. The fund's concentration in loans to U.S. service members and veterans introduces credit risk associated with this specific borrower segment. The fund's sector allocation of 100% to Cash & Others may mitigate some credit risk, but it also limits potential returns. With a 3-year beta of 0.00, VETZ exhibits very low volatility relative to the broader market, but this may not fully capture the specific risks of its loan portfolio. The expense ratio of 0.35% will create some drag on returns, but is relatively low. Investors should carefully consider the concentration risk and the potential impact of economic conditions on the ability of borrowers to repay loans. Past performance does not guarantee future results.

Expense Ratio

0.35%

Top Holdings

Sector Allocation

  • Cash & Others: 100.0%
  • Other: 100.0%

Dividend Yield

0.00%
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  • <a href="/etf/ibie">iShares iBonds Oct 2028 Term TIPS ETF (IBIE)</a> — 0.10% expense ratio
  • <a href="/etf/ibhh">iShares iBonds 2028 Term High Yield and Income ETF (IBHH)</a> — 0.35% expense ratio
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  • <a href="/etf/ftsd">Franklin Short Duration U.S. Government ETF (FTSD)</a> — 0.25% expense ratio
  • <a href="/etf/bsjp">Invesco BulletShares 2025 High Yield Corporate Bond ETF (BSJP)</a> — 0.43% expense ratio

Risk Metrics

  • Beta: 0.00

Questions & Answers

What is VETZ and what does it track?

The Academy Veteran Impact ETF (VETZ) is a fixed-income ETF managed by Academy. It aims to generate income by investing primarily in loans to U.S. service members, military veterans, their survivors, and veteran-owned businesses. Unlike broad fixed-income ETFs, VETZ focuses on this specific segment of the lending market. The fund's objective is to provide investors with exposure to veteran-related debt while supporting the financial well-being of the veteran community. As of 2026-03-15, VETZ has $0.08 billion in assets under management and a net asset value (NAV) of $20.05 per share. Past performance does not guarantee future results.

What is the expense ratio for VETZ?

The expense ratio for the Academy Veteran Impact ETF (VETZ) is 0.35%. This means that for every $10,000 invested in the fund, investors will pay $35 in annual fees to cover the fund's operating expenses. While it is difficult to find a direct category average for veteran-focused fixed income, the average expense ratio for similar fixed income ETFs is approximately 0.44%. Therefore, VETZ's expense ratio is slightly lower than the average for fixed income ETFs. Past performance does not guarantee future results.

What are the top holdings in VETZ?

As of 2026-03-15, the top holding in the Academy Veteran Impact ETF (VETZ) is First American Government Obligs X (FGXXX), comprising 3.04% of the fund's total assets. While specific details on other top holdings are not available, the fund's investment strategy focuses on loans to U.S. service members, military veterans, their survivors, and veteran-owned businesses. The fund holds a total of 161 different assets. Investors should review the complete list of holdings periodically to understand the fund's exposure. Past performance does not guarantee future results.

Is VETZ a good long-term investment?

Whether VETZ is a suitable long-term investment depends on an investor's individual financial goals, risk tolerance, and investment horizon. VETZ offers exposure to a unique segment of the fixed-income market, focusing on loans to U.S. service members and veterans. The fund's expense ratio is 0.35%. the may be worth researching fund's concentration risk, sector allocation, and the potential impact of economic conditions on the veteran community. With AUM of $0.08B, VETZ is a relatively small ETF. Past performance does not guarantee future results.

How does VETZ compare to similar ETFs?

VETZ distinguishes itself through its specific focus on loans to U.S. service members, veterans, and their families. Many fixed-income ETFs invest in broader categories of bonds, such as government, corporate, or municipal debt. VETZ's expense ratio is 0.35%. Given its AUM of $0.08 billion, VETZ is smaller than many broad-based fixed income ETFs, which can have AUM in the billions. Investors should compare VETZ's performance, risk profile, and investment strategy to those of other fixed-income ETFs to determine if it aligns with their investment objectives. Past performance does not guarantee future results.

Does VETZ pay dividends?

As of 2026-03-15, the Academy Veteran Impact ETF (VETZ) has a dividend yield of 0.00%. This indicates that the fund is not currently distributing any income to shareholders in the form of dividends. Investors seeking current income from their investments may want to consider other fixed-income ETFs with a higher dividend yield. However, VETZ's primary objective is to generate income through its investments in loans to U.S. service members and veterans, and it may distribute dividends in the future depending on its investment performance. Past performance does not guarantee future results.