BNDS ETF

$47.54

AUM$88M

TER0.88%

Holdings178

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BNDS ETF

$47.54

Infrastructure Capital Bond Income ETF

AUM$88M

TER0.88%

Holdings178

See how much of BNDS you already own

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Overview Performance Chart Dividends Top Holdings All Holdings Sectors Geography Similar Compare Overlap

BNDS holds 29.6% of its assets in its 10 largest positions as of Oct 1, 2026. BNDS is Infrastructure Capital Bond Income ETF.

Showing top 50 of 90 holdings · as of Oct 1, 2026

BNDS holdings, by weight
#	Ticker	Name	Weight	Cumulative	Shares	Mkt value	Sector	Industry
1	—	Ilfc E-capital Trust Ii	3.18%	3.2%	3,306,000	$2.98M	-	-
2	—	Bw Real Estate IncReal Estate · Real Estate Management	3.16%	6.3%	2,998,000	$2.97M	Real Estate	Real Estate Management
Sector and industry · Pro
3	Debt	Chemours Co	3.13%	9.5%	3,140,000	$2.93M
4	—	Rithm Capital Corp 8% 01Apr2029	3.12%	12.6%	2,965,000	$2.93M
5	—	Venture Global Lng Inc 144A 12/31/2079 9	3.06%	15.7%	2,855,000	$2.87M
6	CHTR	Charter Communications Operating Llc / Charter Communications Operating Capital	3.00%	18.6%	3,364,000	$2.81M
7	—	Sunoco LP Callable Var	2.81%	21.5%	2,629,000	$2.63M
8	—	Other Assets and liabilities	2.79%	24.2%	2,612,240	$-2612240
9	—	Arbor Realty Sr Inc 144A 7.88% Jul 15, 2030	2.74%	27.0%	2,959,000	$2.57M
10	PAA	Plains All American Pipeline Lp	2.64%	29.6%	2,476,000	$2.48M
11	Debt	Sbl Holdings, Llc	2.63%	32.3%	2,623,000	$2.47M
12	CRGY	Crescent Energy Finance Llc 7.38% 15Jan2033	2.58%	34.8%	2,429,000	$2.42M
13	Debt	Coreweave	2.57%	37.4%	2,763,000	$2.41M
14	—	Genesis Energy Lp / Genesis Energy Finance Corp 7.88% 15May2032	2.54%	39.9%	2,363,000	$2.38M
15	Debt	Newell Brands Inc	2.47%	42.4%	2,636,000	$2.32M
16	—	Vodafone Group Plc 5.13% Jun 04, 2081	2.46%	44.9%	3,305,000	$2.30M
17	Debt	Ppl Capital Funding Inc	2.22%	47.1%	2,109,000	$2.08M
18	Debt	Uniti Group/Csl	2.17%	49.3%	2,134,000	$2.04M
19	—	Talos Production, Inc. 9.375 2031-02-01	2.13%	51.4%	1,911,000	$1.99M
20	—	Kohls Corp Deb Dtd 11/21/2002 6.0 2033-01-15	2.06%	53.5%	2,360,000	$1.93M
21	—	Aes Corp/The 0.0695 07/F15/2055	2.03%	55.5%	2,007,000	$1.90M
22	—	Fmc Corp Vrn 11/01/55	1.96%	57.5%	2,506,000	$1.84M
23	Debt	Qwest Corp	1.87%	59.3%	106,896	$1.75M
24	CFG	Citizens Financial Group Jr Subordina 12/99 Var	1.85%	61.2%	1,795,000	$1.74M
25	—	General Motors Financial Co Inc	1.78%	63.0%	1,695,000	$1.67M
26	Debt	Qwest Corp	1.68%	64.6%	99,426	$1.58M
27	—	Strategy Inc 9%	1.65%	66.3%	15,550	$1.55M
28	—	Digitalbridge Group, Inc. Series I 7.15% Preferred	1.63%	67.9%	103,198	$1.53M
29	Debt	Fs Kkr Capital Corp Callable Notes Fixed 7.5%	1.57%	69.5%	1,500,000	$1.47M
30	—	Redwood Trust Inc 0%	1.56%	71.0%	69,000	$1.46M
31	—	Nrg Energy Inc 10.25%/Var Perp 144A	1.51%	72.6%	1,357,000	$1.42M
32	Debt	Kohl's Corp	1.34%	73.9%	1,968,000	$1.26M
33	DKL	Delek Logistics Partners Lp	1.28%	75.2%	1,177,000	$1.20M
34	—	Land O'Lakes Inc 8% /perp	1.28%	76.5%	1,203,000	$1.20M
35	ACR	Acres Commercial Realty Corp	1.26%	77.7%	50,000	$1.18M
36	—	Microstrategy Perp Stride Ser A P	1.26%	79.0%	16,102	$1.18M
37	—	Viacom Inc Jr Subordina 02/57 Var	1.18%	80.2%	1,526,000	$1.11M
38	—	US Dollar	1.15%	81.3%	1,080,823	$1.08M
39	—	Flagstar Bancorp Inc	1.05%	82.4%	1,000,000	$980.7K
40	ARE	Alexandria Real Estate E Company Guar 02/57 Var	1.03%	83.4%	1,000,000	$966.3K
41	FXFXX	First Am Treas Obli-X	1.03%	84.4%	962,136	$962.1K
42	FGXXX	First American Government Obligations Fund	1.03%	85.4%	962,136	$962.1K
43	Debt	Coreweave Inc	1.02%	86.5%	1,125,000	$956.7K
44	—	Land O'lakes Inc 7%	1.01%	87.5%	1,071,000	$942.5K
45	—	Digitalbridge Group, Inc. Pfd	0.97%	88.4%	59,188	$913.3K
46	LNC	Lincoln National Corp. Floating Rate 05-17-2066	0.97%	89.4%	1,144,000	$910.1K
47	—	Brighthouse Financial Inc Preferred Stock	0.91%	90.3%	54,482	$851.0K
48	MBIN	Merchants Bancorp Series E, 7.625%	0.85%	91.2%	34,676	$799.3K
49	—	Brighthouse Sr B 6.75 Pfd	0.81%	92.0%	54,157	$759.8K
50	—	Brighthous Sr C 5.375 Pfd	0.79%	92.8%	66,001	$743.8K
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Not reported for this fund: share changes.

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BNDS ETF All Holdings

BNDS holdings total 178 positions. The top 10 holdings account for 29.6% of the fund, led by Ilfc E-capital Trust Ii at 3.2%, Bw Real Estate Inc at 3.2%, Chemours Co 8% 01/15/33 at 3.1%.

BNDS portfolio concentration is well-diversified, with the top 10 representing 29.6% of total assets. The largest sector exposure is Financials at 26.2%.

BNDS sectors provide a detailed breakdown. BNDS overlap shows how holdings compare to other funds in your portfolio.

Compare BNDS

BNDS vs SPY BNDS vs QQQ BNDS vs VOO BNDS vs VTI BNDS vs IVV BNDS vs SCHD BNDS vs VYM BNDS vs VXUS

BNDS ETF Holdings

90 of 178 holdings

Sector

Industry

Sort By

1
Ilfc E-capital Trust Ii
Other
3.18%
2
Bw Real Estate Inc
WAL V9.5 PERP 144AReal Estate
3.16%
3
Chemours Co 8% 01/15/33
CC 8 01/15/33 144AMaterials
3.13%
4
Rithm Capital Corp 8% 01Apr2029
RITM 8 04/01/29 144AFinancials
3.12%
5
Venture Global Lng Inc 144A 12/31/2079 9
VENLNGEnergy
3.06%
6
Charter Communications Operating Llc / Charter Communications Operating Capital
CHTR 6.834 10/23/55Communication Services
3.00%
7
SUNOCO LP CALLABLE VAR
Other
2.81%
8
Other Assets And liabilities
Other
2.79%
9
Arbor Realty Sr Inc 144A 7.88% Jul 15, 2030
ABR 7.875 07/15/30 1Financials
2.74%
10
Plains All American Pipeline Lp
PAA V0 PERP BEnergy
2.64%
11
Sbl Holdings, Llc 6.5% 12/31/2099
Other
2.63%
12
Crescent Energy Finance Llc 7.38% 15Jan2033
CRGYFN 7.375 01/15/3Financials
2.58%
13
Coreweave 9.75% 10/01/31 9.75 2031-10-01
Other
2.57%
14
Genesis Energy Lp / Genesis Energy Finance Corp 7.88% 15May2032
GEL 7.875 05/15/32Energy
2.54%
15
Newell Brands Inc 5.75 04/01/2046
NWL 7.5 04/01/46Consumer Staples
2.47%
16
Vodafone Group Plc 5.13% Jun 04, 2081
VOD V5.125 06/04/81Communication Services
2.46%
17
Ppl Capital Funding Inc 5.0% 03/30/2067
PPL V0 03/30/67 AFinancials
2.22%
18
Uniti Group/Csl 6.5% 02/15/29
UNIT 6.5 02/15/29 14Real Estate
2.17%
19
Talos Production, Inc. 9.375 2031-02-01
TALO 9.375 02/01/31 Energy
2.13%
20
Kohls Corp Deb Dtd 11/21/2002 6.0 2033-01-15
Other
2.06%
21
Aes Corp/The 0.0695 07/F15/2055
AES V6.95 07/15/55Utilities
2.03%
22
Fmc Corp Vrn 11/01/55
FMC V8.45 11/01/55Materials
1.96%
23
Qwest Corp 6.75% 06/15/2052
Other
1.87%
24
Citizens Financial Group Jr Subordina 12/99 Var
Other
1.85%
25
General Motors Financial Co Inc
GMFinancials
1.78%
26
Qwest Corp 6.5% 09/01/2051
74913G865Unknown
1.68%
27
Strategy Inc 9%
MSTRInformation Technology
1.65%
28
Digitalbridge Group, Inc. Series I 7.15% Preferred
DBRG.PIFinancials
1.63%
29
Fs Kkr Capital Corp Callable Notes Fixed 7.5% 7.5% 08/01/2031
Other
1.57%
30
Redwood Trust Inc 0%
Other
1.56%
31
Nrg Energy Inc 10.25%/Var Perp 144A
NRG V10.25 PERP 144AUtilities
1.51%
32
Kohl's Corp 5.55% 07/17/2045
KSS 5.55 07/17/45Consumer Discretionary
1.34%
33
Delek Logistics Partners Lp
DKL 8.625 03/15/29 1Energy
1.28%
34
Land O'Lakes Inc 8% /perp
LLAKES 8 PERP 144AConsumer Staples
1.28%
35
Acres Commercial Realty Corp
ACR.PCReal Estate
1.26%
36
Microstrategy Perp Stride Ser A P
MSTR 10 PERP AInformation Technology
1.26%
37
Viacom Inc Jr Subordina 02/57 Var
PARA V6.25 02/28/57Communication Services
1.18%
38
US Dollar
Other
1.15%
39
Flagstar Bancorp Inc
Other
1.05%
40
Alexandria Real Estate E Company Guar 02/57 Var
Other
1.03%
41
First Am Treas Obli-X
FXFXXFinancials
1.03%
42
First American Government Obligations Fund
FGXXXFinancials
1.03%
43
Coreweave Inc 0.0963 07/15/2032
Other
1.02%
44
Land O'lakes Inc 7%
LLAKES 7 PERP 144AConsumer Staples
1.01%
45
Digitalbridge Group, Inc. Pfd
DBRG.PJFinancials
0.97%
46
Lincoln National Corp. Floating Rate 05-17-2066
Other
0.97%
47
Brighthouse Financial Inc Preferred Stock
BHF 6.25 09/15/58Financials
0.91%
48
Merchants Bancorp Series E, 7.625%
MBIN 7.625 PERPFinancials
0.85%
49
Brighthouse Sr B 6.75 Pfd
BHF 6.75 PERP BFinancials
0.81%
50
Brighthous Sr C 5.375 Pfd
BHF 5.375 PERP CFinancials
0.79%
51
Land O' Lakes Inc 144a 7.250000% Maturity: Perpetual
LLAKES 7.25 PERP 144Consumer Staples
0.73%
52
Digitalbridge GroupIncPref H
DBRG.PHFinancials
0.67%
53
New York Community Bancorp, Inc., Series A., Pfd.
FLG V6.375 PERP A.Financials
0.65%
54
New York Community Capital Trust V
NYCBFinancials
0.62%
55
Navient Corp 6 Pfd
JSMFinancials
0.61%
56
Diversified Heal 6.25 Pfd
DHC 6.25 02/01/46Real Estate
0.55%
57
Warnermedia Holdings Inc Company Guar 03/62 5.391
WBD 5.391 03/15/62Communication Services
0.54%
58
Adamas Trust Inc 9.125% 07/01/2029
Other
0.50%
59
Global Net Lease Inc Preferred Stock 7.5
GNL.PRDReal Estate
0.48%
60
Franklin Bsp Realty Trust Inc
FBRTReal Estate
0.46%
61
Diversified Healthcare Trust 5.625% 5.625
DHC 5.625 08/01/42Real Estate
0.44%
62
Compass Diversified Holdings
CODIIndustrials
0.40%
63
Energy Transfer Lp ET.I
ET.IEnergy
0.39%
64
Brighthouse Financial Inc Preferred Stock 6.6
BHFAPFinancials
0.38%
65
Innovative Industrial Properties Inc 9% 10/15/2173
IIPRPAUnknown
0.37%
66
Mfa 8 7/8 Pfd
MFA 8.875 02/15/29Financials
0.35%
67
Pebblebrook Hotel Trust Preferred Series H
PEB.P.HReal Estate
0.34%
68
Unum Group 6.25% 06/15/2058
UNM 6.25 06/15/58Financials
0.34%
69
Ford Motor Company 7.7% 7.7% 05/15/2097 7.7 2097-05-15
Other
0.33%
70
Strategy Inc Ser A 10% Perp Pfd
MSTR 10 PERPInformation Technology
0.28%
71
Valley National Bancorp 0.0843 12/F31/2079
VLYPOFinancials
0.27%
72
Chimera Investment Corp 9% 05/15/2029
CIM 9 05/15/29Real Estate
0.25%
73
Compass Diversified Holdings Pref Series B
CODI.P.BIndustrials
0.25%
74
Agnc Investment Corp, Series H, 8.75%
AGNCZUnknown
0.25%
75
Angel Oak Mortgage Reit Inc 9.5% 07/30/2029
AOMR 9.5 07/30/29Financials
0.24%
76
Pennymac Mortgage Investment Trust 6.75% 09/15/2174
PMT.PRCFinancials
0.24%
77
Rithm Capital Corp Preferred Series C
RITM.PCFinancials
0.23%
78
Brighthous Sr D 4.625 Pfd
BHF 4.625 PERP DFinancials
0.21%
79
Redwood Trust Inc 9% 09/01/2029
RWT 9 09/01/29Financials
0.21%
80
Telephone & Data Sys Pfd
TDS.PR.VCommunication Services
0.21%
81
New Mountain Finance Pfd
NMFC 8.25 11/15/28Financials
0.20%
82
Ishares Iboxx $ High Yield Corporate Bond Fund
HYGFinancials
0.19%
83
SPDR Bloomberg High Yield Bond ETF
JNKFinancials
0.16%
84
Banc Of California In Pfd
BANC V7.75 PERP FFinancials
0.12%
85
Vornado Realty Trust 5.400%
VNO 5.4 PERP LReal Estate
0.09%
86
Compass Diversified Holdings
CODI 7.25 PERP AIndustrials
0.08%
87
Pitney Bowes Inc., Pfd.
PBI 6.7 03/07/43Information Technology
0.06%
88
Tpg Mortgage Investment Trust Inc. 9.5%
MITT 9.5 05/15/29Financials
0.06%
89
Ag Mortgage Investment Trust Inc
MITTUnknown
0.05%
90
Kosmos Energy Ltd 144A 7.500000% 03/01/2028
KOS 7.5 03/01/28 144Energy
0.05%

#	Company	Ticker	Weight
1	Ilfc E-capital Trust Ii	-	3.180%
2	Bw Real Estate Inc	WAL V9.5 PERP 144A	3.160%
3	Chemours Co 8% 01/15/33	CC 8 01/15/33 144A	3.130%
4	Rithm Capital Corp 8% 01Apr2029	RITM 8 04/01/29 144A	3.120%
5	Venture Global Lng Inc 144A 12/31/2079 9	VENLNG	3.060%
6	Charter Communications Operating Llc / Charter Communications Operating Capital	CHTR 6.834 10/23/55	3.000%
7	SUNOCO LP CALLABLE VAR	-	2.810%
8	Other Assets And liabilities	-	2.790%
9	Arbor Realty Sr Inc 144A 7.88% Jul 15, 2030	ABR 7.875 07/15/30 1	2.740%
10	Plains All American Pipeline Lp	PAA V0 PERP B	2.640%
11	Sbl Holdings, Llc 6.5% 12/31/2099	-	2.630%
12	Crescent Energy Finance Llc 7.38% 15Jan2033	CRGYFN 7.375 01/15/3	2.580%
13	Coreweave 9.75% 10/01/31 9.75 2031-10-01	-	2.570%
14	Genesis Energy Lp / Genesis Energy Finance Corp 7.88% 15May2032	GEL 7.875 05/15/32	2.540%
15	Newell Brands Inc 5.75 04/01/2046	NWL 7.5 04/01/46	2.470%
16	Vodafone Group Plc 5.13% Jun 04, 2081	VOD V5.125 06/04/81	2.460%
17	Ppl Capital Funding Inc 5.0% 03/30/2067	PPL V0 03/30/67 A	2.220%
18	Uniti Group/Csl 6.5% 02/15/29	UNIT 6.5 02/15/29 14	2.170%
19	Talos Production, Inc. 9.375 2031-02-01	TALO 9.375 02/01/31	2.130%
20	Kohls Corp Deb Dtd 11/21/2002 6.0 2033-01-15	-	2.060%
21	Aes Corp/The 0.0695 07/F15/2055	AES V6.95 07/15/55	2.030%
22	Fmc Corp Vrn 11/01/55	FMC V8.45 11/01/55	1.960%
23	Qwest Corp 6.75% 06/15/2052	-	1.870%
24	Citizens Financial Group Jr Subordina 12/99 Var	-	1.850%
25	General Motors Financial Co Inc	GM	1.780%
26	Qwest Corp 6.5% 09/01/2051	74913G865	1.680%
27	Strategy Inc 9%	MSTR	1.650%
28	Digitalbridge Group, Inc. Series I 7.15% Preferred	DBRG.PI	1.630%
29	Fs Kkr Capital Corp Callable Notes Fixed 7.5% 7.5% 08/01/2031	-	1.570%
30	Redwood Trust Inc 0%	-	1.560%
31	Nrg Energy Inc 10.25%/Var Perp 144A	NRG V10.25 PERP 144A	1.510%
32	Kohl's Corp 5.55% 07/17/2045	KSS 5.55 07/17/45	1.340%
33	Delek Logistics Partners Lp	DKL 8.625 03/15/29 1	1.280%
34	Land O'Lakes Inc 8% /perp	LLAKES 8 PERP 144A	1.280%
35	Acres Commercial Realty Corp	ACR.PC	1.260%
36	Microstrategy Perp Stride Ser A P	MSTR 10 PERP A	1.260%
37	Viacom Inc Jr Subordina 02/57 Var	PARA V6.25 02/28/57	1.180%
38	US Dollar	-	1.150%
39	Flagstar Bancorp Inc	-	1.050%
40	Alexandria Real Estate E Company Guar 02/57 Var	-	1.030%
41	First Am Treas Obli-X	FXFXX	1.030%
42	First American Government Obligations Fund	FGXXX	1.030%
43	Coreweave Inc 0.0963 07/15/2032	-	1.020%
44	Land O'lakes Inc 7%	LLAKES 7 PERP 144A	1.010%
45	Digitalbridge Group, Inc. Pfd	DBRG.PJ	0.970%
46	Lincoln National Corp. Floating Rate 05-17-2066	-	0.970%
47	Brighthouse Financial Inc Preferred Stock	BHF 6.25 09/15/58	0.910%
48	Merchants Bancorp Series E, 7.625%	MBIN 7.625 PERP	0.850%
49	Brighthouse Sr B 6.75 Pfd	BHF 6.75 PERP B	0.810%
50	Brighthous Sr C 5.375 Pfd	BHF 5.375 PERP C	0.790%
51	Land O' Lakes Inc 144a 7.250000% Maturity: Perpetual	LLAKES 7.25 PERP 144	0.730%
52	Digitalbridge GroupIncPref H	DBRG.PH	0.670%
53	New York Community Bancorp, Inc., Series A., Pfd.	FLG V6.375 PERP A.	0.650%
54	New York Community Capital Trust V	NYCB	0.620%
55	Navient Corp 6 Pfd	JSM	0.610%
56	Diversified Heal 6.25 Pfd	DHC 6.25 02/01/46	0.550%
57	Warnermedia Holdings Inc Company Guar 03/62 5.391	WBD 5.391 03/15/62	0.540%
58	Adamas Trust Inc 9.125% 07/01/2029	-	0.500%
59	Global Net Lease Inc Preferred Stock 7.5	GNL.PRD	0.480%
60	Franklin Bsp Realty Trust Inc	FBRT	0.460%
61	Diversified Healthcare Trust 5.625% 5.625	DHC 5.625 08/01/42	0.440%
62	Compass Diversified Holdings	CODI	0.400%
63	Energy Transfer Lp ET.I	ET.I	0.390%
64	Brighthouse Financial Inc Preferred Stock 6.6	BHFAP	0.380%
65	Innovative Industrial Properties Inc 9% 10/15/2173	IIPRPA	0.370%
66	Mfa 8 7/8 Pfd	MFA 8.875 02/15/29	0.350%
67	Pebblebrook Hotel Trust Preferred Series H	PEB.P.H	0.340%
68	Unum Group 6.25% 06/15/2058	UNM 6.25 06/15/58	0.340%
69	Ford Motor Company 7.7% 7.7% 05/15/2097 7.7 2097-05-15	-	0.330%
70	Strategy Inc Ser A 10% Perp Pfd	MSTR 10 PERP	0.280%
71	Valley National Bancorp 0.0843 12/F31/2079	VLYPO	0.270%
72	Chimera Investment Corp 9% 05/15/2029	CIM 9 05/15/29	0.250%
73	Compass Diversified Holdings Pref Series B	CODI.P.B	0.250%
74	Agnc Investment Corp, Series H, 8.75%	AGNCZ	0.250%
75	Angel Oak Mortgage Reit Inc 9.5% 07/30/2029	AOMR 9.5 07/30/29	0.240%
76	Pennymac Mortgage Investment Trust 6.75% 09/15/2174	PMT.PRC	0.240%
77	Rithm Capital Corp Preferred Series C	RITM.PC	0.230%
78	Brighthous Sr D 4.625 Pfd	BHF 4.625 PERP D	0.210%
79	Redwood Trust Inc 9% 09/01/2029	RWT 9 09/01/29	0.210%
80	Telephone & Data Sys Pfd	TDS.PR.V	0.210%
81	New Mountain Finance Pfd	NMFC 8.25 11/15/28	0.200%
82	Ishares Iboxx $ High Yield Corporate Bond Fund	HYG	0.190%
83	SPDR Bloomberg High Yield Bond ETF	JNK	0.160%
84	Banc Of California In Pfd	BANC V7.75 PERP F	0.120%
85	Vornado Realty Trust 5.400%	VNO 5.4 PERP L	0.090%
86	Compass Diversified Holdings	CODI 7.25 PERP A	0.080%
87	Pitney Bowes Inc., Pfd.	PBI 6.7 03/07/43	0.060%
88	Tpg Mortgage Investment Trust Inc. 9.5%	MITT 9.5 05/15/29	0.060%
89	Ag Mortgage Investment Trust Inc	MITT	0.050%
90	Kosmos Energy Ltd 144A 7.500000% 03/01/2028	KOS 7.5 03/01/28 144	0.050%