Key stats
About INVESCO 1-5 YR LDR INV GR CO BD IDX CAD UNITS
Expense ratio
0.27%
Home page
Inception date
Jun 6, 2011
ISIN
CA46138N1078
The fund tracks an index that primarily invests in investment grade securities rated BBB or higher and that have a maturity of 1 to 5 years. Only securities issued by Canadian corporations are eligible for inclusion, as long as they meet credit rating and maturity requirements. Selected securities are then placed into five maturity buckets of 1-1.99 years, 2-2.99 years, 3-3.99 years 4-4.99 years, and 5-5.99 years, and are equally weighted within their buckets. On each annual rebalancing, the bonds from each maturity roll out to the next lower bucket. Bonds with a remaining maturity of less than one year are sold, with the proceeds being used to invest in the longest maturity bucket.
Classification
What's in the fund
Exposure type
Corporate
Bonds, Cash & Other100.00%
Corporate99.81%
Cash0.19%