This ETF tracks the Agency segment of the U.S. bond market, offering exposure to notes issued by organizations such as the FDIC, Fannie Mae, and Freddie Mac. These notes tend to be very short term in nature and the fund has an average weighted maturity of less than four years. The good thing about this product is that since agencies still operate in a grey area in terms of federal government gurantees, they often pay a higher interest rate than comparable government bonds. However, many of the agencies are pretty much unsustainable over the long haul and the federal government may at some point have to remove the guranatee and allow the agencies to float freely without government support. Due to this risk, I believe agencies aren’t really worth your time but for investors that aren’t concerned about this and are looking for a higher yield than Treasuries without the risks of corporates, AGZ makes for a cost efficient pick.
| Segment | Fixed Income: U.S. - Government, Agency Investment Grade |
| Category | Government, Agency |
| Focus | Investment Grade |
| Niche | Broad Maturities |
| Strategy | Vanilla |
| Weighting Scheme | Market Value |
This section compares how balanced and deep this ETF is relative to its peers.
| AGZ | ETF Database Category Average | FactSet Segment Average | |
|---|---|---|---|
| Number of Holdings | 117 | 1411 | 117 |
| % of Assets in Top 10 | 44.08% | 37.10% | 44.08% |
| % of Assets in Top 15 | 53.92% | 42.56% | 53.92% |
| % of Assets in Top 50 | 86.47% | 65.85% | 86.47% |
| AGZ | ETF Database Category Average | FactSet Segment Average | |
|---|---|---|---|
| Large (>12.9B) | N/A | N/A | N/A |
| Mid (>2.7B) | N/A | N/A | N/A |
| Small (>600M) | N/A | N/A | N/A |
| Micro (<600M) | N/A | N/A | N/A |
This section compares the P/E ratio of this ETF to its peers.
This section compares the dividend yield of this ETF to its peers.
| AGZ | ETF Database Category Average | FactSet Segment Average | |
|---|---|---|---|
| Dividend | $ 0.26 | $ 0.16 | $ 0.26 |
| Dividend Date | 2023-09-01 | N/A | N/A |
| Annual Dividend Rate | $ 2.99 | $ 1.64 | $ 2.99 |
| Annual Dividend Yield | 2.83% | 4.03% | 2.83% |
View charts featuring AGZ price and volume data.
View charts featuring ETF fund flow data.
5 Day Net Flows: 0 1 Month Net Flows: 5.33 M 3 Month Net Flows: 52.71 M 6 Month Net Flows: -33.13 M 1 Year Net Flows: 63.92 M 3 Year Net Flows: -130.57 M 5 Year Net Flows: 291.54 M 10 Year Net Flows: 320.69 MView charts that break down the influence that fund flows and price had on overall assets.
5 Day Net AUM Change: -2.35 MThe adjacent table gives investors an individual Realtime Rating for AGZ 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 ETF Database 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 ETF Database Pro. To view information on how the ETF Database Realtime Ratings work, click here.
This section compares the cost efficiency of this ETF to its peers.
| Max ST Capital Gains Rate | 39.60% |
| Max LT Capital Gains Rate | 20.00% |
| Tax On Distributions | Ordinary income |
| Distributes K1 | No |
This section shows how this ETF has performed relative to its peers. Returns over 1 year are annualized.
| AGZ |
ETF Database
Category Average |
Factset Segment
Average |
|
|---|---|---|---|
| 1 Month Return | -0.35% | -1.21% | -0.35% |
| 3 Month Return | -0.71% | -2.01% | -0.71% |
| YTD Return | 1.38% | 0.80% | 1.38% |
| 1 Year Return | 2.57% | 2.91% | 2.57% |
| 3 Year Return | -2.61% | -1.95% | -2.61% |
| 5 Year Return | 1.10% | 0.36% | 1.10% |
The following charts reflect the geographic spread of AGZ's underlying holdings.
The following charts reflect the allocation of AGZ's underlying holdings.
| Asset | Percentage |
|---|---|
| Sovereign | 97.05% |
| Corporate | 2.75% |
| CASH | 0.13% |
| Other | 0.03% |
| Bond Sector | Percentage |
|---|
| Maturity | Percentage |
|---|---|
| Less Than 1 Year | 0.0% |
| 1-3 Years | 0.0% |
| 3-5 Years | 0.0% |
| 5-7 Years | 0.0% |
| 7-10 Years | 0.0% |
| 10-15 Years | 0.0% |
| 15-20 Years | 0.0% |
| 20-30 Years | 0.0% |
| 30+ Years | 0.0% |
| Asset | Percentage |
|---|---|
| Sovereign | 97.05% |
| Corporate | 2.75% |
| CASH | 0.13% |
| Other | 0.03% |
This section shows how the volatility of this ETF compares to the peer group ETF Database Category.
| 5 Day Volatility | 36.12% |
| 20 Day Volatility | 2.01% |
| 50 Day Volatility | 2.58% |
| 200 Day Volatility | 3.02% |
| Beta | 0.02 |
| Standard Deviation | 1.28% |
ETF Database's Financial Advisor Reports are designed as an easy handout for clients to explain the key information on a fund. Includes new analyst insights and classification data.
Fact sheets are issued by the ETF provider and framed by ETF Database. Information contained within the fact sheet is not guaranteed to be timely or accurate.
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