This ETF offers broad-based exposure to investment grade U.S. bonds, making ILTB a building block for any investor constructing a balanced long-term portfolio as well as a potentially attractive safe haven for investors pulling money out of equity markets. While ILTB can potentially be a one stop shop for fixed income exposure, a close look at the composition of this fund is advised. Many may find the significant allocations to MBS and Treasuries somewhat insufficient for their return objectives; increased corporate bond exposure through LQD may result in a better balance and more attractive return. Furthermore, the fund only has securities that are maturing in ten years or longer. While this will help to boost the overall yield for the fund, it will also make it more susceptible to default and interest rate risk as well. While ILTB includes hundreds of individual securities, this ETF actually only holds a fraction of the bonds that make up the underlying benchmark; the sampling strategy employed avoids illiquid issues, but may lead to tracking error. ILTB has reasonable levels of liquidity-- there are more liquid options out there-- but the expense ratio for this fund is pretty low and is among the lowest in the Category. However, for investors looking to avoid compounding costs and tracking error, the broad-based BND may be a better option for U.S. fixed income exposure, although ILTB is certainly a viable option for those seeking longer-dated securities in their portfolio.
The adjacent table gives investors an individual Realtime Rating for ILTB 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 Total Bond Market 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| Metric | Metric Realtime Rating | A+ Metric Rated ETF |
|---|---|---|
| Liquidity | B- | n/a |
| Expenses | A- | n/a |
| Performance | ||
| Volatility | ||
| Dividend | ||
| Concentration |
The following tables and charts contain in-depth metrics for this ETF and compare it to similar peer ETFs within its ETFdb.com Category.
This section compares how balanced and deep this ETF is relative to the peer group ETFdb.com Category.
| Asset | Percentage |
|---|---|
| Corporate debt | 50.41% |
| Federal/Central debt | 44.95% |
| Municipal debt | 3.53% |
| ETF Cash Component | 1.11% |
| Bond Sector | Percentage |
|---|---|
| Corporate | 50.41% |
| Government/Treasury | 42.42% |
| Municipal | 3.53% |
| Agency | 2.38% |
| ETF Cash Component | 1.11% |
| Provincial | 0.16% |
| Bond Sector | Percentage |
|---|---|
| Corporate Senior Note | 39.64% |
| Government/Treasury Bond | 38.1% |
| Government/Treasury Senior Note | 3.63% |
| Municipal Build America Bond | 2.75% |
| Corporate Senior Debenture | 2.43% |
| Corporate Senior Subordinated Note | 1.58% |
| Corporate First Mortgage Bond | 1.24% |
| Corporate Note | 1.06% |
| Corporate Subordinated Note | 1.03% |
| Agency Unsecured Note | 1.02% |
| Corporate Bond | 0.93% |
| Municipal Bond | 0.78% |
| Agency Senior Note | 0.72% |
| Agency Bond | 0.62% |
| Government/Treasury Unsecured Note | 0.6% |
| Corporate Unsecured Note | 0.4% |
| Supranational Senior Note | 0.24% |
| Corporate Debenture | 0.16% |
| Provincial Senior Debenture | 0.16% |
| Corporate First Mortgage Note | 0.14% |
| Corporate Mortgage Bond | 0.13% |
| Corporate Junior Subordinated Note | 0.11% |
| Corporate Junior Subordinated Debenture | 0.07% |
| Corporate Bank Note | 0.07% |
| Corporate Subordinated Debenture | 0.03% |
| Corporate Secured Note | 0.02% |
| Agency Debenture | 0.02% |
| Supranational Bond | 0.01% |
| Corporate Secured Bond | 0.01% |
| Other | 2.29% |
| Coupon Range | Percentage |
|---|---|
| 0% to 1% | 0.03% |
| 1% to 2% | 0.0% |
| 2% to 3% | 6.75% |
| 3% to 4% | 20.79% |
| 4% to 5% | 32.56% |
| 5% to 6% | 16.95% |
| 6% to 7% | 13.5% |
| 7% to 8% | 5.87% |
| 8% to 9% | 1.72% |
| 9% to 10% | 0.57% |
| Greater Than 10% | 0.16% |
| ETF Cash Component | 1.11% |
| Credit | Percentage |
|---|---|
| AAA | 36.38% |
| AA | 6.12% |
| A | 19.8% |
| BBB | 28.56% |
| BB | 5.19% |
| B | 2.28% |
| Below B | 0.45% |
| Not Rated | 0.0% |
| ETF Cash Component | 1.11% |
| Rating Unknown | 0.1% |
| In Default | 0.0% |
| Maturity | Percentage |
|---|---|
| Less Than 1 Year | 0.0% |
| 1-3 Years | 0.0% |
| 3-5 Years | 0.0% |
| 5-7 Years | 0.0% |
| 7-10 Years | 0.09% |
| 10-15 Years | 10.78% |
| 15-20 Years | 12.38% |
| 20-30 Years | 71.5% |
| 30+ Years | 4.15% |
| ETF Cash Component | 1.11% |
This ETF is currently available for commission free trading on the following platforms: (Fidelity)
There are 24 other ETFs in the Total Bond Market ETFdb.com Category that are also eligible for commission free trading:
This section shows how this ETF has performed relative to its peer group ETFdb.com Category.
This section compares the fund flows of this ETF to peers in the same ETFdb.com 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 ILTB 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.com Category.
Fact sheets are issued by the ETF provider and framed by ETFdb.com. Information contained within the fact sheet is not guaranteed to be timely or accurate.
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