VictoryShares Corporate Bond ETF (UCRD)
VictoryShares Corporate Bond ETF operates in the Asset Management industry of the Financial Services sector, headquartered in San Antonio, TX, US. The stock last traded at $21.13, down 0.05% on the session, giving a market capitalisation of $151.0M. Its beta of 1.13 implies it has historically moved more than the broad market.
UCRD actively invests in investment-grade corporate bonds, utilizing proprietary methodologies to pick securities that demonstrate strong ESG characteristics and acceptable credit risk. The fund uses two proprietary methodologies: an ESG methodology, which scores securities on environmental, social, and governance factors, and a proprietary credit rating methodology, which combines the composite ESG score and credit risk assessment to create an internal credit rating. This internal credit rating is then used to select the securities for the portfolio. UCRD may also allocate a small portion of its assets in securities outside its normal segment, like high yield securities, government securities, and USD denominated foreign securities. The fund may also engage in relative value trading. Prior to April 24, 2023, the fund was named VictoryShares ESG Corporate Bond ETF.
VictoryShares Corporate Bond ETF is most often compared with the following Financial Services names: