iShares 5-10 Year Investment Grade Corporate Bond ETF (IGIB)
IGIB: Sturdy Yield From Bonds, But You Can Do Better
iShares 5-10 Year Investment Grade Corporate Bond ETF (IGIB) offers a sturdy 5% yield via a diversified portfolio of USD-denominated, investment-grade corporate bonds. IGIB passively tracks the ICE BofA 5-10 Year US Corporate Index, maintaining a low 0.04% expense ratio and monthly distributions. The ETF's weighted average maturity is 7.53 years, with a weighted average coupon of 4.89% and a current yield to maturity of 5.11%.
AMJ Financial Wealth Management Purchases 13,723 Shares of iShares 5-10 Year Investment Grade Corporate Bond ETF $IGIB
AMJ Financial Wealth Management lifted its position in shares of iShares 5-10 Year Investment Grade Corporate Bond ETF (NASDAQ: IGIB) by 8.1% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 183,935 shares of the company's stock after purchasing an additional 13,723 shares
IGIB: Another Investment Grade Portfolio Hedge
The iShares 5-10 Year Investment Grade Corporate Bond ETF (IGIB) offers a balanced risk profile with a 6-year duration and a 5.38% yield to maturity. IGIB is less risky than IGLB but offers higher yields than AGG, making it ideal for cautious investors seeking income amid economic uncertainty. The ETF scores high on expenses, liquidity, and risk, with a low expense ratio of 0.04% and a diversified portfolio across various sectors.
IGIB: Banking Exposure And Duration Concerns Under Trump
Historically low credit spreads make any credit risk uninteresting. Duration is also not favorable, with Trump's rhetoric and possible actions contributing to upward revisions in inflation expectations. We also don't particularly like taking the credit approach to banking right now, with deregulation also on the agenda.
IGIB ETF: Favoring Intermediate Duration And Low Credit Spread Exposure
I favor the iShares 5-10 Year Investment Grade Corporate Bond ETF for its intermediate-term exposure and low expense ratio of 0.04%. Lower implied interest rates and a steepening yield curve could boost IGIB ETF's price returns in excess of the potential impact on the ETF's income component. I believe the IGIB ETF has a well-diversified portfolio, respectable dividend profile, and compelling expense ratio, which enhances its long-term total return prospects.
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What Advisors Find Appealing in Fixed Income for 2H
Taking on credit risk but not interest rate risk has been relatively rewarding to ETF advisors and investors thus far in 2024. The iShares Broad USD High Yield Corporate Bond ETF (USHY) had a year-to-date total return of 3.6% as of July 8.
