Shareholder
Fees
(paid
directly from your investment) |
None |
Management
Fees |
0.25% |
Other
Expenses |
0.11% |
Total
Annual Fund Operating Expenses |
0.36% |
Fee
Waiver/Expense Reimbursement1
|
(0.01)% |
Total
Annual Fund Operating Expenses After Fee Waiver and/or Expense
Reimbursement1
|
0.35% |
1
Year |
3
Years |
5
Years |
10
Years |
$36 |
$115 |
$201 |
$455 |
During
the periods shown in the chart: |
Returns |
Quarter
ended |
Highest
Quarter |
4.84% |
June
30, 2020 |
Lowest
Quarter |
-2.25% |
March
31, 2020 |
Year-to-date
return |
-4.29% |
September
30, 2022 |
Average
Annual Total Returns
(For
the Periods Ended December 31, 2021) |
1
Year |
Life
of
Fund |
FUND | ||
Before
Taxes |
0.90% |
2.97%1
|
After
Taxes on Distributions |
0.19% |
2.01%1
|
After
Taxes on Distributions and Sale of Fund Shares |
0.57% |
1.87%1
|
Index | ||
Bloomberg
1-3 Year Credit Index
reflects
no deduction for fees, expenses or taxes |
-0.17% |
2.38% |
|
Title
|
Tenure
with the Fund
|
Brian
W. Smith, CFA |
Senior
Portfolio Manager |
Since
2017 |
John
Spear, CFA |
Senior
Portfolio Manager |
Since
2017 |
Kurt
Daum, JD |
Senior
Portfolio Manager |
Since
2017 |
James
F. Jackson Jr., CFA |
Senior
Portfolio Manager |
Since
2019 |
R.
Neal Graves, CFA, CPA |
Senior
Portfolio Manager |
Since
2019 |
Douglas
J. Rollwitz, CFA, CPA |
Portfolio
Manager |
Since
November 2022 |
Shareholder
Fees
(paid
directly from your investment) |
None |
Management
Fees |
0.30% |
Other
Expenses |
0.09% |
Total
Annual Fund Operating Expenses1
|
0.39% |
1
Year |
3
Years |
5
Years |
10
Years |
$40 |
$125 |
$219 |
$493 |
During
the periods shown in the chart: |
Returns |
Quarter
ended |
Highest
Quarter |
6.44% |
June
30, 2020 |
Lowest
Quarter |
-2.89% |
March
31, 2021 |
Year-to-date
return |
-13.78% |
September
30, 2022 |
Average
Annual Total Returns
(For
the Periods Ended December 31, 2021) |
1
Year |
Life
of
Fund |
FUND | ||
Before
Taxes |
-0.93% |
4.20%1
|
After
Taxes on Distributions |
-1.67% |
3.07%1
|
After
Taxes on Distributions and Sale of Fund Shares |
-0.51% |
2.74%1
|
Index | ||
Bloomberg
U.S. Aggregate Index
reflects
no deduction for fees, expenses or taxes |
-1.54% |
3.55% |
|
Title
|
Tenure
with the Fund
|
Kurt
Daum, JD |
Senior
Portfolio Manager |
Since
2017 |
Brian
W. Smith, CFA |
Senior
Portfolio Manager |
Since
2017 |
John
Spear, CFA |
Senior
Portfolio Manager |
Since
2017 |
James
F. Jackson Jr., CFA |
Senior
Portfolio Manager |
Since
2019 |
R.
Neal Graves, CFA, CPA |
Senior
Portfolio Manager |
Since
2019 |
Risk
Factor |
Core
Short-Term
Bond
ETF |
Core
Intermediate-Term
Bond
ETF |
Asset-Backed
and Mortgage-Backed Securities Risk |
X |
X |
Debt
Securities or Bond Risk |
X |
X |
Derivatives
Risk |
X |
X |
Exchange-Traded
Fund (ETF) Structure Risk |
X |
X |
Foreign
Investing Risk |
X |
X |
Geopolitical/Natural
Disaster Risk |
X |
X |
High-Yield
Bond Risk |
X |
X |
Information
Technology Sector Risk |
X |
X |
Large
Shareholder Risk |
X |
X |
Liquidity
Risk |
X |
X |
Management
Risk |
X |
X |
Market
Risk |
X |
X |
Regulatory
Risk |
X |
X |
U.S.
Government Sponsored Enterprises (GSEs) Risk |
X |
X |
Fund
|
Advisory
Fee
|
Short-Term
Bond ETF |
0.25%
|
Intermediate-Term
Bond ETF |
0.30% |
NAV= |
Total
Assets - Liabilities |
Number of
Shares Outstanding |
|
Year
Ended
6/30/22 |
Year
Ended
6/30/21 |
Ten
Months Ended
6/30/20(a) |
Year
Ended
8/31/19 |
10/24/17(b)
through
8/31/18 |
Net
Asset Value, Beginning of
Period |
$51.87 |
$51.22 |
$50.65 |
$49.50 |
$50.00 |
Investment
Activities |
|
|
|
|
|
Net
Investment Income
(Loss)(c) |
0.86 |
0.84 |
1.10 |
1.37 |
0.93 |
Net
Realized and Unrealized
Gains
(Losses) |
(2.78) |
0.93 |
0.48 |
1.13 |
(0.59) |
Total
from Investment
Activities |
(1.92) |
1.77 |
1.58 |
2.50 |
0.34 |
Distributions
to Shareholders
From |
|
|
|
|
|
Net
Investment Income |
(0.84) |
(0.90) |
(1.01) |
(1.35) |
(0.84) |
Net
Realized Gains from
Investments |
(0.17) |
(0.22) |
|
|
|
Total
Distributions |
(1.01) |
(1.12) |
(1.01) |
(1.35) |
(0.84) |
Net
Asset Value, End of Period |
$48.94 |
$51.87 |
$51.22 |
$50.65 |
$49.50 |
Total
Return(d) |
(3.73)% |
3.48% |
3.17% |
5.11% |
0.70% |
Ratios
to Average Net Assets |
|
|
|
|
|
Net
Expenses(e)(f) |
0.32%(g) |
0.34%(h) |
0.35% |
0.35% |
0.35% |
Net
Investment Income
(Loss)(e) |
1.70% |
1.62% |
2.62% |
2.75% |
2.21% |
Gross
Expenses(e)(f) |
0.36% |
0.37% |
0.44% |
0.40% |
0.40% |
Supplemental
Data |
|
|
|
|
|
Net
Assets, End of Period
(000's) |
$359,737 |
$272,296 |
$105,000 |
$83,573 |
$61,872 |
Portfolio
Turnover(d)(i) |
67% |
80% |
72%(j) |
30% |
22% |
|
Year
Ended
6/30/22 |
Year
Ended
6/30/21 |
Ten
Months Ended
6/30/20(a) |
Year
Ended
8/31/19 |
10/24/17(b)
through
8/31/18 |
Net
Asset Value, Beginning
of
Period |
$53.71 |
$53.67 |
$52.48 |
$48.61 |
$49.93 |
Investment
Activities |
|
|
|
|
|
Net
Investment Income
(Loss)(c) |
0.89 |
1.08 |
1.21 |
1.62 |
1.29 |
Net
Realized and
Unrealized
Gains
(Losses) |
(6.37) |
0.27 |
1.12 |
3.81 |
(1.46) |
Total
from Investment
Activities |
(5.48) |
1.35 |
2.33 |
5.43 |
(0.17) |
Distributions
to
Shareholders
From |
|
|
|
|
|
Net
Investment Income |
(0.92) |
(1.11) |
(1.14) |
(1.56) |
(1.15) |
Net
Realized Gains from
Investments |
(0.13) |
(0.20) |
|
|
|
Total
Distributions |
(1.05) |
(1.31) |
(1.14) |
(1.56) |
(1.15) |
Net
Asset Value, End of
Period |
$47.18 |
$53.71 |
$53.67 |
$52.48 |
$48.61 |
Total
Return(d) |
(10.35)% |
2.55% |
4.52% |
11.37% |
(0.33)% |
Ratios
to Average Net
Assets |
|
|
|
|
|
Net
Expenses(e)(f) |
0.39% |
0.37%(g) |
0.38%(h) |
0.39% |
0.40% |
Net
Investment Income
(Loss)(e) |
1.74% |
2.01% |
2.80% |
3.27% |
3.10% |
Gross
Expenses(e)(f) |
0.39% |
0.41% |
0.42% |
0.44% |
0.45% |
Supplemental
Data |
|
|
|
|
|
Net
Assets, End of Period
(000's) |
$1,236,208 |
$894,333 |
$450,789 |
$314,856 |
$150,703 |
Portfolio
Turnover(d)(i) |
24% |
16% |
13% |
3%(j) |
10% |