Key stats
About ISHARES 1-5 YR LADDERED CORP BD ETF UNITS
Expense ratio
0.28%
Home page
Inception date
Feb 25, 2009
ISIN
CA46433Q1028
The fund is a passively managed ETF that tracks an index of investment-grade corporate bonds with maturities between one to five years. Investments are primarily in securities of one or more iShares ETFs and/or Canadian fixed income securities. 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. The index allocates its holdings equally across five distinct effective maturity groups. Each effective maturity group covers a one-year period and together the groups cover a contiguous five-year period. The index weight for each maturity is rebalanced annually, and all index securities semi-annually.
Classification
What's in the fund
Exposure type
Corporate
Stocks0.25%
Finance0.15%
Utilities0.10%
Bonds, Cash & Other99.75%
Corporate99.43%
Cash0.25%
Miscellaneous0.07%