Key stats
About ISHARES 1-10 YR LADDERD CORP BD ETF COMMON UNIT
Expense ratio
0.28%
Home page
Inception date
Oct 20, 2011
ISIN
CA46432J1093
The fund is a passively managed ETF that tracks an index, which is a composite of the FTSE Canada Short Term Corporate Bond Index (50%) and the FTSE Canada Mid Term Corporate Bond Index (50%). Using a sampling methodology in tracking the index, the fund invests in a sample of securities that collectively have a similar investment profile to the underlying index. The fund consists of semi-annual pay fixed-rate corporate bonds that include certain qualifying asset-backed Canadian securities. Securities must have an investment grade rating of A or above with remaining maturity of 0-10 years. The index allocates its holdings equally across 10 distinct effective maturity groups. Each effective maturity group covers a one-year period and together the groups cover a contiguous 10-year period. The index is rebalanced annually.
Classification
What's in the fund
Exposure type
Corporate
Bonds, Cash & Other100.00%
Corporate99.60%
Cash0.40%