|Day Lo||-||Day Hi||-|
This ETF is part of a suite of "BulletShares" products from Guggenheim; these products are somewhat unique in the bond ETF universe in that each delivers targeted exposure to a very narrow segment of the fixed income universe (in the case of BSCH, investment grade corporate bonds maturing in 2017). This specialized focus makes BSCH more precise than the majority of bond ETFs (including both investment grade corporate and other types of bond ETFs) that generally hold securities maturing within a certain number of years (such as 7-10 year Treasuries or 1-3 year corporate bonds). These bond ETFs generally intend to remain open forever; instead of holding bonds to maturity and distributing the proceeds, they sell debt securities when they no longer are within the relevant "maturity window," and reinvest the proceeds in other debt instruments. As a result, traditional bond ETFs (not the BulletShares ETFs) maintain a similar duration and interest rate risk across time. BSCH is unique in that this fund maintains a target maturity date, and will eventually close down after the underlying bonds hit maturity and the proceeds have been distributed to shareholders (BSCH's portfolio will gradually convert to cash as 2017 nears and the component bonds begin to repay their principal). As a result of this "bullet" structure, this fund will deliver a "yield experience" that is generally similar to holding an individual bond; investors in BSCH will receive regular coupon payments (just like any bond ETF), but will also receive repayments of principal when the bonds that make up the portfolio reach maturity. Unlike holding a single bond, however, BSCH provides diversification across various debt issuers--which can obviously help to reduce overall risk. The "BulletShares" approach, which is generally simple and straightforward, may be appealing to a wide range of investors. The methodology gives investors tools to fine tune the risk/return profile of a fixed income portfolio, and can be a useful in planning sources of funding for future liabilities. The predictable cash flow profile and risk trajectory (interest rate risk declines as time passes) have potential uses for all types of investors, ranging from pension funds planning for a major payment down the road to a family intending to pay for multiple college educations years down the road. The target maturity date structure may have other benefits as well; these products may avoid the undesirable return erosion that may adversely impact bond ETFs (resulting from minimum maturity rules) and front-running opportunities (resulting from predictable buying and selling patterns). BSCH isn't useful for all investors, and likely won't be used as a core holding in any long-term, buy-and-hold portfolio. Those looking for a low maintenance approach to fixed income exposure or those interested in maintaining stable interest rate risk across time may prefer bond funds that avoid holding securities to maturity (such as LQD). But for those looking fine tune fixed income portfolios and manage future liabilities, BSCH and the other BulletShares products may be very useful instruments.
The adjacent table gives investors an individual Realtime Rating for BSCH on several different metrics, including liquidity, expenses, performance, volatility, dividend, concentration of holdings in addition to an overall rating. The "A+ Metric Rated ETF" field, available to ETFdb Pro members, shows the ETF in the Corporate Bonds with the highest Metric Realtime Rating for each individual field. To view all of this data, sign up for a free 14-day trial for ETFdb Pro. To view information on how the ETFdb Realtime Ratings work, click here.View the Category Report
The following tables and charts contain in-depth metrics for this ETF and compare it to similar peer ETFs within its ETFdb Category.
|Cash And Equivalents||31.22%|
|Agency Mortgage Backed||0.0%|
|Commercial Mortgage Backed||0.0%|
|Non Agency Residential Mortgage Backed||0.0%|
|US Municipal Tax Advantaged||0.0%|
|0% to 1%||1.75%|
|1% to 2%||35.96%|
|2% to 3%||5.5%|
|3% to 4%||0.25%|
|4% to 5%||0.85%|
|5% to 6%||16.09%|
|6% to 7%||7.88%|
|7% to 8%||0.33%|
|8% to 9%||0.14%|
|9% to 10%||0.0%|
|Greater Than 10%||0.0%|
|Less Than 1 Year||0.0%|
This ETF is currently available for commission free trading on the following platforms: (Charles Schwab)
There are 22 other ETFs in the Corporate Bonds ETFdb Category that are also eligible for commission free trading:
This section shows how this ETF has performed relative to its peer group ETFdb Category.
The following charts can be customized to display historical performance in a number of different formats, including line charts, bar charts, and candlesticks. Time periods can be adjusted to increase or decrease the period shown, ranging from five minutes to several months.
The following chart also includes the option to compare the performance of BSCH relative to other ETFs and benchmarks or to include indicators such as Bollinger Bands, relative strength, and moving averages.
This section shows how the volatility of this ETF compares to the peer group ETFdb Category.
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