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Academy Veteran Bond ETF (VETZ) Receives a 5-Star Morningstar Rating™

VETZ
  • Academy Asset Management announced the Academy Veteran Bond ETF (NYSE: VETZ) received a five-star 3-Year Morningstar Rating in the US Government Mortgage Backed Bond category.
  • The rating places VETZ in the top 10% of 123 funds within its category based on risk-adjusted returns.
  • Launched in 2023, VETZ is the first publicly traded ETF to primarily invest in loans to U.S. service members, veterans, their survivors, & veteran-owned businesses.
  • The fund aims to facilitate capital flow to veterans, resulting in lower borrowing costs while delivering current income & competitive risk-adjusted returns.
  • Chance Mims, Chairman & CEO, stated the rating validates the strategy & confirms that supporting veterans does not require a performance concession.
  • Seth Rosenthal, CIO, attributed the top-decile ranking to disciplined portfolio construction, underwriting standards, diversification, & consistent execution.
  • Academy Asset Management is the nation's first post-9/11 veteran-owned institutional asset manager with offices in New York, Chicago, & San Diego.
  • The fund is distributed by Foreside Fund Services, LLC, which is not related to Academy Asset Management.
  • Standard investment risks including principal loss, agency & non-agency MBS risk, prepayment risk, & extension risk are disclosed in the release.
  • Morningstar's 5-star rating is calculated for accounts with at least a three-year history using a risk-adjusted return measure emphasizing downward variations.