Infrastructure Capital Bond Income ETF (BNDS) is an ETF managed by Independent / Boutique. Its largest position is Merchants Bancorp (MBIN), representing 2.02% of fund assets.
Infrastructure Capital Bond Income ETF Portfolio Holdings
Source: SEC Form N-PORT institutional portfolio disclosures
- Ticker:
- BNDS
- Type:
- ETF
- Manager:
- Independent / Boutique
- Total Assets:
- —
- Report Date:
- Feb 28, 2026
- Filing Date:
- Apr 21, 2026
| Holding | Weight | Market Value | Shares |
|---|---|---|---|
|
-
Merchants Bancorp
|
2.02% | $952,044.60 | 38,701 |
|
-
Brighthouse Financial, Inc.
|
1.67% | $785,271.21 | 46,003 |
|
-
Global Net Lease, Inc.
|
1.17% | $552,740.04 | 22,644 |
|
-
Strategy Inc
|
1.11% | $523,260.00 | 6,750 |
|
-
Franklin BSP Realty Trust, Inc.
|
1.10% | $519,541.48 | 24,553 |
|
-
Energy Transfer LP
|
0.97% | $454,730.50 | 37,550 |
|
-
ISHARES IBOXX USD HIGH YIELD C
|
0.75% | $351,858.48 | 4,359 |
|
-
STATE STREET SPDR BLOOMBERG HIGH YIELD BOND ETF
|
0.73% | $346,210.00 | 3,560 |
|
-
Pebblebrook Hotel Trust
|
0.66% | $310,971.30 | 17,569 |
|
-
BANC OF CALIFORNIA, INC.
|
0.62% | $292,569.20 | 11,564 |
|
-
PennyMac Mortgage Investment Trust
|
0.59% | $279,356.64 | 14,734 |
|
-
Brighthouse Financial, Inc.
|
0.58% | $274,600.00 | 20,000 |
|
-
TWO HARBORS INVESTMENT CORP.
|
0.55% | $260,661.60 | 10,596 |
|
-
VALLEY NATIONAL BANCORP
|
0.55% | $260,087.99 | 10,323 |
|
-
Brighthouse Financial, Inc.
|
0.53% | $251,850.00 | 15,000 |
|
-
TELEPHONE & DATA SYSTEMS INC /DE/
|
0.51% | $240,098.75 | 11,975 |
|
-
Rithm Capital Corp.
|
0.50% | $234,005.94 | 9,618 |
|
-
FIRST AMERICAN GOVERNMENT OBLIGATIONS FUND
|
0.49% | $230,587.90 | 230,588 |
|
-
FIRST AMERICAN TREASURY OBLIGA
|
0.49% | $230,587.90 | 230,588 |
|
-
Compass Diversified Holdings
|
0.38% | $177,511.06 | 8,693 |
|
-
VORNADO REALTY TRUST
|
0.21% | $98,259.66 | 5,542 |
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