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Claymore Introduces Maturity Date Bond ETFs
June 9, 2010
SAN DIEGO (ETFguide.com) – Seven corporate bond ETFs were launched by Claymore Securities. The new bond ETFs have maturity dates ranging from 2011-2017 and follow indexes that mainly invest in investment grade corporate bonds.
Each index is designed to represent the performance of a held-to-maturity portfolio of U.S. dollar-denominated investment-grade corporate bonds with effective maturities in the same calendar year. Accretive Asset Management is the index provider for the BulletShares USD Corporate Bond series.
The funds’ bond portfolios are rebalanced monthly and weighted by market value. Also, income distributions are made monthly and annual expenses for the Claymore bond ETFs is 0.24%.
Each of the funds is non-diversified meaning they can invest a greater portion of assets in securities of individual issuers than a diversified fund.
Here’s a snapshot of each of Claymore’s bond ETFs:
Claymore BulletShares 2011 Corporate Bond ETF (NYSEArca: BSCB) is linked to the BulletShares USD Corporate Bond 2011 Index, which as of April 30, 2010, held approximately 154 investment grade corporate bonds with effective maturities in the year 2011.
Claymore BulletShares 2012 Corporate Bond ETF (NYSEArca: BSCC) is linked to the BulletShares USD Corporate Bond 2012 Index, which as of April 30, 2010, held approximately 171 investment grade corporate bonds with effective maturities in the year 2012.
Claymore BulletShares 2013 Corporate Bond ETF (NYSEArca: BSCD) is linked to the BulletShares USD Corporate Bond 2013 Index, which as of April 30, 2010, held approximately 182 investment grade corporate bonds with effective maturities in the year 2013.
Claymore BulletShares 2014 Corporate Bond ETF (NYSEArca: BSCE) is linked to the BulletShares USD Corporate Bond 2014 Index, which as of April 30, 2010, held approximately 187 investment grade corporate bonds with effective maturities in the year 2014.
Claymore BulletShares 2015 Corporate Bond ETF (NYSEArca: BSCF) is linked to the BulletShares USD Corporate Bond 2015 Index, which as of April 30, 2010, held approximately 138 investment grade corporate bonds with effective maturities in the year 2015.
Claymore BulletShares 2016 Corporate Bond ETF (NYSEArca: BSCG) is linked to the BulletShares USD Corporate Bond 2016 Index, which as of April 30, 2010, held approximately 86 investment grade corporate bonds with effective maturities in the year 2016.
Claymore BulletShares 2017 Corporate Bond ETF (NYSEArca: BSCH) is linked to the BulletShares USD Corporate Bond 2017 Index, which as of April 30, 2010, held approximately 124 investment grade corporate bonds with effective maturities in the year 2017.
At the end of May, the Lisle, IL-based investment firm managed $2.60 billion in ETF assets. Claymore is owned by Guggenheim Partners. |
