Defined-maturity bond ETFs sit in an odd corner of the fixed income world. They trade like ETFs, but they terminate on a fixed date and return cash to holders, behaving more like a single bond than a perpetual fund.
| Name | Quantity | Cost | Value | Profit ($) | Gain (%) |
|---|---|---|---|---|---|
| TJD Thomas John Drogan PR Inc.IPAL SECURITIES Inc. | 24,686 | $506,692.8 | $501,619.52 | -$5,073.28 | -1% |
| BZ Brandon Zatopek Commonwealth Equity Services LLC | 611,496 | $12.45M | $12.45M | -$3.97 | - |
| PN Peter Nicholson First Bancorp Inc. /ME/ | 990 | $20,166.3 | $20,151.45 | -$14.85 | -0.07% |
| JD Jim Dushek HARBOUR INVESTMENTS Inc. | 77,332 | $1.57M | $1.57M | $2,356.86 | 0.15% |
| JS Jeffrey Schropp POTOMAC FUND MANAGEMENT Inc. /ADV | 17,600 | $358,426 | $358,600 | $174 | 0.05% |
| NASDAQ (NMS) Exchange | US Country |
The company operates a specialized investment fund that dedicates a minimum of 80% of its total assets to securities within a targeted index. This underlying index is carefully curated to track the performance of U.S. dollar-denominated, investment-grade corporate bonds. A unique aspect of this index is its focus on bonds with maturities or "effective maturities" specifically in the year 2028, known as "2028 Bonds". This strategic concentration aims to offer investors a precise investment vehicle that capitalizes on the expected performance of these bonds within a defined time horizon.
This product focuses on a portfolio made up exclusively of U.S. dollar-denominated investment-grade corporate bonds. The criterion for selection is not just the grade but also the specific maturity window around the year 2028. This targeted approach allows investors to gain exposure to bonds that are expected to perform or mature within this specific timeframe, providing a clear investment horizon and potentially reducing the risk associated with fluctuations in interest rates or the broader economic environment.