The ETF invests in U.S. dollar-denominated, investment-grade corporate bonds with maturities of less than five years. It has an effective duration of 2 years and a granular portfolio of over 2600 names. The portfolio is concentrated in the banking sector, representing 33% of the fund. The fund offers a 4.4% 30-day SEC yield, comprising risk-free rates and a credit spread.
![]() SLQD In 1 week Estimated | Monthly | $0.18 Per Share |
![]() SLQD 3 weeks ago Paid | Monthly | $0.18 Per Share |
![]() SLQD 1 month ago Paid | Monthly | $0.17 Per Share |
![]() SLQD 2 months ago Paid | Monthly | $0.17 Per Share |
![]() SLQD 3 months ago Paid | Monthly | $0.17 Per Share |
![]() SLQD 4 months ago Paid | Monthly | $0.17 Per Share |
![]() SLQD In 1 week Estimated | Monthly | $0.18 Per Share |
![]() SLQD 3 weeks ago Paid | Monthly | $0.18 Per Share |
![]() SLQD 1 month ago Paid | Monthly | $0.17 Per Share |
![]() SLQD 2 months ago Paid | Monthly | $0.17 Per Share |
![]() SLQD 3 months ago Paid | Monthly | $0.17 Per Share |
![]() SLQD 4 months ago Paid | Monthly | $0.17 Per Share |
NASDAQ (NMS) Exchange | US Country |
The fund operates as an investment vehicle primarily focusing on the acquisition of U.S. dollar-denominated investment-grade corporate debt. It is designed to tracking the performance of an underlying index that represents a broad spectrum of investment-grade corporate bonds. By allocating at least 80% of its assets into the component securities of the index and ensuring that a minimum of 90% of its assets are invested in fixed income securities included within the index, the fund aims to offer investors exposure to the corporate bond market and pursue returns that closely mirror those of the index it tracks.
This product focuses on investment-grade corporate bonds denominated in U.S. dollars, offering a more secure investment opportunity in the fixed income market. These corporate debts are selected based on their credit quality, aiming to minimize the risk of default and ensuring reliable returns. By investing in these securities, the fund provides investors with a stable income source derived from the interest payments of the bonds, while also potentially benefiting from capital appreciation.
The fund employs an index-tracking investment strategy, specifically targeting the component securities of an underlying index that reflects the performance of the U.S. dollar-denominated investment-grade corporate debt market. This strategy allows for a diversified investment approach, spreading risk across a wide range of securities that constitute the index. It strives to replicate the performance of the underlying index as closely as possible, thereby aligning the fund's returns with those of the broader corporate bond market it represents.