Academy Veteran Bond ETF (VETZ)

Academy Asset Management, a veteran-owned institutional asset manager, today announced the addition of the Academy Veteran Impact ETF (NYSE: VETZ) to Betterment’s Social Impact portfolio. This is the first time VETZ has been made available in a model portfolio, representing a new opportunity for investors to support U.S. military veterans and their families as part of a diversified, managed portfolio.

Academy Asset Management, a SEC registered investment adviser, certified Disabled Veteran Business Enterprise (DVBE), and Service Disabled Veteran Owned Business (SDVOB), announced the launch of the Academy Veteran Impact ETF (NYSE: VETZ), the first publicly traded ETF to primarily invest in loans to U.S. service members, military veterans, their survivors, and veteran-owned businesses. At least 80% of the underlying assets will consist of loans to veterans or their families. Academy Asset Management serves as the fund’s sub-adviser, is Veteran owned and operated, and is committed to opportunities for veterans, primarily through its social mission to hire, train, and mentor military veterans.