BNDS Holdings — Infrastructure Capital Bond Income ETF
Data updated: 2026-07-24
BNDS holds 74 securities. The top 10 make up 34.6% of net assets, led by ILFC E-Capital Trust II (3.80%) and Chemours Co/The (3.79%). Corporate Bonds (76.6%) and Preferred Equity (22.2%) are the largest sectors, and 96.0% of the portfolio is in United States. Debt holdings: 49 positions, 82.5% of assets.
Holdings cover 99.10% of net asset value (95.19% of total assets; remainder is cash and receivables). As of May 31, 2026 · N-PORT.
BNDS Portfolio Holdings
74 holdings of Infrastructure Capital Bond Income ETF by percentage of net assets, from the fund's SEC N-PORT filing as of May 31, 2026.
| Holding | Ticker | Sector | % of net assets | Value (USD) |
|---|---|---|---|---|
| ILFC E-Capital Trust II | — | Corporate Bonds | 3.80% | $2.65M |
| Chemours Co/The | — | Corporate Bonds | 3.79% | $2.64M |
| BW Real Estate Inc | WAL | Corporate Bonds | 3.66% | $2.55M |
| Rithm Capital Corp | — | Corporate Bonds | 3.60% | $2.51M |
| SBL Holdings Inc | SECBEN | Corporate Bonds | 3.54% | $2.47M |
| Freedom Mortgage Corp | — | Corporate Bonds | 3.38% | $2.36M |
| Venture Global LNG Inc | VENLNG | Corporate Bonds | 3.33% | $2.32M |
| Sunoco LP | SUN | Corporate Bonds | 3.24% | $2.26M |
| Plains All American Pipeline LP | PAA | Corporate Bonds | 3.21% | $2.24M |
| Vodafone Group PLC | — | Corporate Bonds | 3.06% | $2.13M |
| Charter Communications Operating LLC / Charter Communications Operating Capital | — | Corporate Bonds | 3.04% | $2.12M |
| Genesis Energy LP / Genesis Energy Finance Corp | — | Corporate Bonds | 2.98% | $2.07M |
| Crescent Energy Finance LLC | — | Corporate Bonds | 2.91% | $2.03M |
| Uniti Group LP / Uniti Group Finance 2019 Inc / CSL Capital LLC | — | Corporate Bonds | 2.70% | $1.88M |
| SM Energy Co | — | Corporate Bonds | 2.68% | $1.87M |
| AES Corp/The | — | Corporate Bonds | 2.53% | $1.76M |
| PPL Capital Funding Inc | — | Corporate Bonds | 2.48% | $1.73M |
| Talos Production Inc | — | Corporate Bonds | 2.39% | $1.67M |
| Kohl's Corp | — | Corporate Bonds | 2.25% | $1.57M |
| General Motors Financial Co Inc | GM | Corporate Bonds | 2.20% | $1.53M |
| Noble Finance II LLC | — | Corporate Bonds | 2.18% | $1.52M |
| Redwood Trust Inc | RWT | Preferred Equity | 2.16% | $1.51M |
| NRG Energy Inc | NRG | Corporate Bonds | 2.12% | $1.48M |
| Land O' Lakes Inc | LLAKES | Corporate Bonds | 1.74% | $1.21M |
| Delek Logistics Partners LP / Delek Logistics Finance Corp | — | Corporate Bonds | 1.63% | $1.13M |
| Paramount Global | — | Corporate Bonds | 1.58% | $1.10M |
| Land O' Lakes Inc | LLAKES | Corporate Bonds | 1.36% | $950.51K |
| Lincoln National Corp | — | Corporate Bonds | 1.28% | $892.39K |
| Merchants Bancorp/IN | MBIN | Preferred Equity | 1.23% | $857.54K |
| DigitalBridge Group Inc | DBRG | Preferred Equity | 1.22% | $847.18K |
| Brighthouse Financial Inc | BHF | Preferred Equity | 1.10% | $768.55K |
| Land O' Lakes Inc | LLAKES | Corporate Bonds | 1.00% | $695.52K |
| Hudson Pacific Properties LP | — | Corporate Bonds | 0.95% | $664.41K |
| Flagstar Bank NA | FLG | Preferred Equity | 0.92% | $639.37K |
| Qwest Corp | CTL | Preferred Equity | 0.90% | $623.57K |
| Flagstar Bank NA | FLG | Preferred Equity | 0.89% | $622.46K |
| Navient Corp | NAVI | Preferred Equity | 0.89% | $622.07K |
| Discovery Global Holdings Inc | — | Corporate Bonds | 0.77% | $534.65K |
| Brighthouse Financial Inc | BHF | Preferred Equity | 0.70% | $489.50K |
| Adamas Trust Inc | ADAM | Preferred Equity | 0.69% | $477.23K |
| Franklin BSP Realty Trust Inc | FBRT | Preferred Equity | 0.68% | $470.42K |
| MFA Financial Inc | MFA | Preferred Equity | 0.67% | $466.79K |
| Global Net Lease Inc | GNL | Preferred Equity | 0.67% | $466.38K |
| Diversified Healthcare Trust | DHC | Preferred Equity | 0.65% | $451.56K |
| Diversified Healthcare Trust | DHC | Preferred Equity | 0.61% | $425.64K |
| Strategy Inc | MSTR | Preferred Equity | 0.61% | $423.89K |
| iShares iBoxx USD High Yield Corporate Bond ETF | HYG | Funds & ETFs | 0.57% | $394.24K |
| Compass Diversified Holdings | CODI | Preferred Equity | 0.56% | $388.74K |
| Energy Transfer LP | ET | Preferred Equity | 0.56% | $386.79K |
| State Street SPDR Bloomberg High Yield Bond ETF | JNK | Funds & ETFs | 0.54% | $378.37K |
| AGNC Investment Corp | AGNC | Preferred Equity | 0.51% | $357.26K |
| Ford Motor Co | — | Corporate Bonds | 0.48% | $334.17K |
| Pebblebrook Hotel Trust | PEB | Preferred Equity | 0.45% | $315.19K |
| Banc of California Inc | BANC | Preferred Equity | 0.37% | $260.38K |
| Valley National Bancorp | VLY | Preferred Equity | 0.37% | $258.10K |
| PennyMac Mortgage Investment Trust | PMT | Preferred Equity | 0.36% | $252.02K |
| Brighthouse Financial Inc | BHF | Preferred Equity | 0.35% | $245.83K |
| New Mountain Finance Corp | NMFC | Preferred Equity | 0.35% | $245.16K |
| Chimera Investment Corp | CIM | Preferred Equity | 0.34% | $235.76K |
| Two Harbors Investment Corp | TWO | Preferred Equity | 0.34% | $235.03K |
| Angel Oak Mortgage REIT Inc | AOMR | Preferred Equity | 0.32% | $225.03K |
| Redwood Trust Inc | RWT | Preferred Equity | 0.32% | $220.63K |
| Rithm Capital Corp | RITM | Preferred Equity | 0.30% | $211.79K |
| DigitalBridge Group Inc | DBRG | Preferred Equity | 0.30% | $211.49K |
| Telephone and Data Systems Inc | TDS | Preferred Equity | 0.30% | $210.59K |
| DigitalBridge Group Inc | DBRG | Preferred Equity | 0.29% | $204.11K |
| Brighthouse Financial Inc | BHF | Preferred Equity | 0.26% | $181.95K |
| TPG Mortgage Investment Trust Inc | MITT | Preferred Equity | 0.16% | $113.13K |
| TPG Mortgage Investment Trust Inc | MITT | Preferred Equity | 0.15% | $107.94K |
| Compass Diversified Holdings | CODI | Preferred Equity | 0.14% | $99.84K |
| Vornado Realty Trust | VNO | Preferred Equity | 0.13% | $89.90K |
| Compass Diversified Holdings | CODI | Preferred Equity | 0.11% | $77.55K |
| Pitney Bowes Inc | PBI | Preferred Equity | 0.08% | $55.38K |
| Kosmos Energy Ltd | — | Corporate Bonds | 0.07% | $49.86K |
BNDS Sector Allocation
Infrastructure Capital Bond Income ETF holdings grouped by sector, by share of the portfolio's market value.
| Sector | Weight | Holdings |
|---|---|---|
| Corporate Bonds | 76.6% | 32 |
| Preferred Equity | 22.2% | 40 |
| Funds & ETFs | 1.1% | 2 |
BNDS Country Allocation
Where Infrastructure Capital Bond Income ETF's holdings are domiciled, by percentage of net assets (largest 2).
| Country | % of net assets |
|---|---|
| United States | 96.0% |
| United Kingdom | 3.1% |
BNDS Portfolio Allocation
Asset-class allocation of Infrastructure Capital Bond Income ETF by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Fixed Income | 85.9% |
| Equity | 13.2% |
BNDS Debt Constituents
Largest debt holdings of Infrastructure Capital Bond Income ETF by percentage of net assets, from the latest SEC N-PORT filing.
| Debt holding | % of net assets |
|---|---|
| Ilfc E-Capital Trust Ii | 3.80% |
| Chemours Co. | 3.79% |
| Bw Real Estate, Inc. | 3.66% |
| Rithm Capital Corp. | 3.60% |
| Sbl Holdings, Inc. | 3.54% |
| Freedom Mortgage Corp. | 3.38% |
| Venture Global Lng, Inc. | 3.33% |
| Sunoco LP | 3.24% |
| Plains All American Pipe | 3.21% |
| Vodafone Group PLC | 3.06% |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.