|Day Lo||-||Day Hi||-|
This "BulletShares" ETF is a relatively recent innovation in the bond ETF space, and is somewhat unique among the universe of fixed income ETPs. BSCE offers focused exposure to investment grade corporate bonds maturing in 2014, making it much more granular than many other products. Most bond ETFs focus on securities maturing within a certain number of years (such as 1-5 year Treasuries or 20+ year corporate bonds). These bond ETFs generally operate indefinitely, maintaining a similar duration and interest rate risk across time and reinvesting any proceeds from the sale of component bonds into new securities. BSCE is different in that it has a target maturity date and will eventually close down after the underlying bonds have reached maturity and the principal has been distributed to shareholders (over time, BSCE's portfolio will gradually shift to cash). As such, this product will deliver a "yield experience" that is more similar to holding an individual bond; investors in BSCE will receive periodic interest payments as well as repayments of principal when the underlying bonds reach maturity. Unlike holding a single bond, however, BSCE provides diversification across sectors and issuers--reducing risk in the process. This "BulletShares" strategy has a number of potential advantages and applications. It allows investors to precisely manage the risk/return profile of a fixed income portfolio, and can be a useful tool for matching up expected cash inflows (from bond maturities) with expected future liabilities. The predictable cash flow profile afforded by this approach may be appealing for all types of investors, from pension funds planning for a big distribution several years down the road to families planning to fund a college education. The target maturity date structure has other potential advantages as well; it may sidestep the "return erosion" that some believe plagues bond ETFs as a result of minimum maturity windows or front-running opportunities. BSCE might not be useful for all investors; those looking for a low maintenance approach to fixed income exposure or those interested in maintaining a stable risk profile across time may ETFs that effectively reinvest any proceeds as bonds get close to maturity (such as LQD). But for those looking to fine tune fixed income portfolios and manage future liabilities, BSCE and the other BulletShares products may be extremely useful tools.
The adjacent table gives investors an individual Realtime Rating for BSCE 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 Emerging Markets 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.com Category.
This section compares how balanced and deep this ETF is relative to the peer group ETFdb.com Category.
|Corporate Senior Note||54.0%|
|Government/Treasury Senior Note||16.25%|
|Agency Senior Note||5.75%|
|Corporate Senior Subordinated Note||4.13%|
|Government/Treasury Unsecured Note||3.95%|
|Corporate Subordinated Note||2.04%|
|0% to 1%||0.0%|
|1% to 2%||0.0%|
|2% to 3%||8.73%|
|3% to 4%||21.47%|
|4% to 5%||33.44%|
|5% to 6%||28.27%|
|6% to 7%||5.03%|
|7% to 8%||2.05%|
|8% to 9%||0.0%|
|9% to 10%||0.0%|
|Greater Than 10%||0.0%|
|N/A or Unknown||1.01%|
|Less Than 1 Year||0.0%|
This section compares the cost efficiency of this ETF to peers in the same ETFdb.com Category.
This ETF is not currently available for commission free trading on any platforms.
There are 20 other ETFs in the Emerging Markets Bonds 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 BSCE 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.