Hi Pat: I am thinking about investing in the Claymore 1-5 Yr Laddered Corporate Bond ETF to preserve capital and generate some return. My age is 73. I am wondering if you will give me your thoughts on this fund and if it is a good investment. Thank you in advance
Claymore 1-5 Yr Laddered Corporate Bond ETF (exchange-traded fund), $20.78, symbol CBO on Toronto (Shares outstanding: 8.8 million; Market cap: $182.9 million), invests in a portfolio of short-term bonds drawn from the DEX (formerly Scotia Capital) Bond Index.
The ETF is a recent new issue that first sold units to the public at $20 each, and began trading on Toronto on February 25, 2009. It has a 0.25% annual management fee and pays a $0.0715 quarterly distribution, which yields 1.4% on a yearly basis.
The fund’s 25 holdings are divided into five staggered, or “laddered,” equally weighted maturities that range from one to five years. Each maturity includes five or more bonds with a minimum credit rating of “A”. Each year, the longest-term bonds will reach maturity, and the shorter-term bonds will be a year older. The fund can use proceeds of the matured bonds to buy new bonds that restore the desired portfolio balance.
The ETF’s portfolio is weighted 51.99%…
Privacy Policy and Terms of Use
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Does TSI Network Use the Information It Receives?
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Changes to this Policy
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