Academy Veteran Bond ETF (VETZ)

Academy Veteran Bond ETF (VETZ) is an actively managed exchange-traded fund that invests primarily in U.S. mortgage-backed securities, with an emphasis on bonds backed by home loans made to military veterans, such as those guaranteed through U.S. Department of Veterans Affairs programs.

The fund seeks current income and total return while supporting homeownership among veterans and military families. Its holdings consist largely of agency mortgage-backed securities, which carry government or government-sponsored backing, and the managers adjust the portfolio's duration and security mix based on their outlook for interest rates and prepayments. Monthly principal and interest payments from the underlying mortgages provide the fund's income stream.

The fund is sponsored by Academy Asset Management, a veteran-owned investment firm.