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  • ETF
  • FWDB
    Pricing Data
    $25.93
    Change: $0.16 (-0.01%)
    Time: 09/23/16
    Previous Close: $26.09
  • Category
  • Total Bond Market
Last Updated:

Profile

Vitals

Trading Data

Open: - Volume -
Day Lo - Day Hi -
  • 52 Week Lo: $23.60
  • 52 Week Hi: $26.22
  • AUM: $20.8 M
  • Shares: 0.8 M

Investment Themes

Historical Trading Data

  • 1 Month Avg. Volume: 3,323
  • 3 Month Avg. Volume: 2,030

Alternative ETFs in the Total Bond Market Category

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Type Ticker Expense Ratio Assets Avg. Daily Vol YTD Return
Cheapest
Largest (AUM)
Most Liquid (Volume)
Top YTD Performer

Analyst Report

This ETF offers exposure to the global bond market, utilizing a number of different ETPs to construct a well-rounded fixed income portfolio. FWDB is quite a bit different than other ETFs in the Total Bond Market ETFdb Category; funds such as AGG and BND tend to include only investment grade U.S. securities, while FWDB casts a significantly wider net. Beyond Treasuries and investment grade corporates, this ETF includes high yield debt, meaningful international allocations, preferred stocks, munis and Build America Bonds, and TIPS. As such, FWDB could be useful as a one stop shop for fixed income exposure, offering investors access to thousands of individual debt securities from issuers all over the world. Alternatively, FWDB could be useful as a core fixed income holding, complemented by other positions to result in a portfolio tailored to individual risk/return preferences. The biggest drawback of FWDB is the fees; this ETF is considerably more expensive than other bond ETFs, and the management fees represent a decent chunk of the expected yield (though FWDB is quite a bit cheaper than many bond mutual funds). It should be noted that FWDB is structured as an ETF-of-ETFs, which results in multiple layers of expense ratios. Investors looking to establish a similar return profile but avoid additional fees have the option of building a similar fixed income portfolio themselves; the underlying holdings of FWDB are liquid, transparent ETFs from a number of different issuers.

Realtime Rating

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Realtime Rating Summary

The adjacent table gives investors an individual Realtime Rating for FWDB on several different metrics, including liquidity, expenses, performance, volatility, dividend, concentration of holdings in addition to an overall rating. The "A+ Metric Rated ETF" field, available to ETFdb Pro members, shows the ETF in the Total Bond Market with the highest Metric Realtime Rating for each individual field. To view all of this data, sign up for a free 14-day trial for ETFdb Pro. To view information on how the ETFdb Realtime Ratings work, click here.

Compare to another ETF

View the Category Report

FWDB Overall Realtime Rating:

A+ Overall Rated ETF:

Metric Metric Realtime Rating A+ Metric Rated ETF
Liquidity C+ n/a
Expenses C n/a
Performance
Volatility
Dividend
Concentration

Knowledge Centers

FWDB In-Depth Analysis

The following tables and charts contain in-depth metrics for this ETF and compare it to similar peer ETFs within its ETFdb Category.

FWDB Holdings

Filings Data as of: Sep 05, 2016
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Concentration Analysis

This section compares how balanced and deep this ETF is relative to the peer group ETFdb Category.

Number of Holdings
Rank:
17
Category Low
Category High
% Assets in Top 10
Rank:
79.16%
Category Low
Category High

Asset Allocation

Asset Percentage
U.S. Stocks 1.51%
International Stocks 1.04%
U.S. Bonds 54.92%
International Bonds 21.6%
Preferred Stock 10.4%
Convertibles 3.66%
Cash 4.27%
Other 2.61%

Bond Sector Breakdown

Bond Sector Percentage
Treasury 0.0%
TIPS 0.0%
U.S. Agency 0.0%
MBS 0.0%
U.S. Corporate 0.0%
Asset-Backed 0.0%
Convertible 0.0%
Muni 0.0%
Foreign Government 0.0%
Foreign Corporate 0.0%
Other 100.0%

Bond Detailed Sector Breakdown

Bond Sector Percentage
Corporate Bond 44.42%
Government 15.64%
Preferred 9.15%
US Municipal Tax Advantaged 7.16%
Agency Mortgage Backed 6.41%
Cash And Equivalents 4.14%
Bank Loan 3.49%
Convertible 1.78%
Commercial Mortgage Backed 1.26%
Non Agency Residential Mortgage Backed 0.5%
Government Related 0.42%
Municipal Taxable 0.1%
Asset Backed 0.01%
Sector Swap 0.0%
Future Forward 0.0%
Covered Bond 0.0%
Option Warrant 0.0%

Coupon Breakdown

Coupon Range Percentage
0% to 1% 5.26%
1% to 2% 5.4%
2% to 3% 9.92%
3% to 4% 14.31%
4% to 5% 15.08%
5% to 6% 11.35%
6% to 7% 7.3%
7% to 8% 4.73%
8% to 9% 1.63%
9% to 10% 2.15%
Greater Than 10% 1.13%

Credit Quality

Credit Percentage
AAA 96.6%
AA 0.32%
A 0.55%
BBB 1.03%
BB 0.71%
B 0.46%
Below B 0.09%
Not Rated 0.24%

Maturity Breakdown

Maturity Percentage
Less Than 1 Year 0.1%
1-3 Years 6.85%
3-5 Years 18.47%
5-7 Years 13.13%
7-10 Years 11.75%
10-15 Years 3.31%
15-20 Years 4.12%
20-30 Years 17.99%
30+ Years 2.53%

FWDB Expenses & Fees

This section compares the cost efficiency of this ETF to peers in the same ETFdb Category.

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Expenses Ratio Analysis

ETF Average
0.575%
ETF Wtd. Average
0.26%
Category Average
0.36%
Expense Ratio
Rank:
1.41%
Category Low
Category High

Commission Free Trading

This ETF is not currently available for commission free trading on any platforms.

Category Commission Free Trading

There are 13 other ETFs in the Total Bond Market ETFdb Category that are also eligible for commission free trading:

FWDB Performance

This section shows how this ETF has performed relative to its peer group ETFdb Category.

1 Week Return
Rank:
0.97%
Category Low
Category High
4 Week Return
Rank:
-0.54%
Category Low
Category High
13 Week Return
Rank:
2.20%
Category Low
Category High
26 Week Return
Rank:
6.02%
Category Low
Category High
Year to Date Return
Rank:
7.84%
Category Low
Category High
1 Year Return
Rank:
8.20%
Category Low
Category High
3 Year Return
Rank:
13.41%
Category Low
Category High
5 Year Return
Rank:
19.79%
Category Low
Category High

Charts

The following charts can be customized to display historical performance in a number of different formats, including line charts, bar charts, and candlesticks. Time periods can be adjusted to increase or decrease the period shown, ranging from five minutes to several months.

The following chart also includes the option to compare the performance of FWDB relative to other ETFs and benchmarks or to include indicators such as Bollinger Bands, relative strength, and moving averages.

FWDB Valuation

This section shows how the P/E multiple of this ETF compares to the peer group ETFdb Category.

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P/E Ratio
Rank:
8.35
Category Low
Category High

As of Jun 23 2016

FWDB Dividend

This section shows how the dividend yield of this ETF compares to the peer group ETFdb Category.

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Dividend
$0.07
Dividend Date
2016-08-25
Annual Dividend Rate
$0.77
Annual Dividend Yield
Rank:
2.96%
Category Low
Category High

As of Jun 23, 2016

FWDB Technicals

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Volatility Analysis

This section shows how the volatility of this ETF compares to the peer group ETFdb Category.

5 Day Volatility
Rank:
6.79%
Category Low
Category High
20 Day Volatility
Rank:
9.37%
Category Low
Category High
50 Day Volatility
Rank:
8.34%
Category Low
Category High
200 Day Volatility
Rank:
6.89%
Category Low
Category High
Beta
Rank:
0.79
Category Low
Category High
Standard Deviation
Rank:
0.76%
Category Low
Category High

Technicals

  • 20 Day MA: $25.95
  • 60 Day MA: $25.77
  • MACD 15 Period: 0.02
  • MACD 100 Period: 0.46
  • Williams % Range 10 Day: 39.02
  • Williams % Range 20 Day: 53.70
  • RSI 10 Day: 51
  • RSI 20 Day: 52
  • RSI 30 Day: 53
  • Ultimate Oscillator: 46

Bollinger Brands

  • Lower Bollinger (10 Day): $25.66
  • Upper Bollinger (10 Day): $26.08
  • Lower Bollinger (20 Day): $25.69
  • Upper Bollinger (20 Day): $26.23
  • Lower Bollinger (30 Day): $25.71
  • Upper Bollinger (30 Day): $26.21

Support & Resistance

  • Support Level 1: $25.93
  • Support Level 2: $25.93
  • Resistance Level 1: $25.93
  • Resistance Level 2: $25.93

Stochastic

  • Stochastic Oscillator %D (1 Day): 41.85
  • Stochastic Oscillator %D (5 Day): 54.09
  • Stochastic Oscillator %K (1 Day): 42.42
  • Stochastic Oscillator %K (5 Day): 42.02

Fact Sheet

Fact sheets are issued by the ETF provider and framed by ETFdb.com. Information contained within the fact sheet is not guaranteed to be timely or accurate.

2014 Morningstar, Inc. All Rights Reserved. The information contained herein: ( 1 ) is proprietary to Morningstar and/or its content providers; ( 2 ) may not be copied or distributed; and ( 3 ) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future results.