Key stats
About PURPOSE GLOBAL BOND CLASS ETF SHS
Expense ratio
0.58%
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Inception date
Jun 21, 2018
The fund offers exposure to a diverse portfolio of corporate bonds, notes, floating rate notes, convertible bonds, preferred shares, bank loans, government bonds or other income-producing securities of North American and/or international issuers. Securities are primarily rated investment grade, but up to 20% of the portfolio can be in high-yield bonds and up to 15% in CLO debt tranches and other types of asset-backed securities. The fund may also hold senior secured and unsecured debt, subordinated debt, convertible debt, fixed and floating rate debt, bank loans, money markets, and other funds. IGB may also enter into securities lending transactions for additional income, as well as into total return swaps and other derivatives. Holding derivatives may be used to hedge the portfolios interest rate exposure. IGB is reconstituted and rebalanced at the discretion of the sub-advisor.
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