Key stats
About Invesco LadderRite US 0-5 Year Corporate Bond Index ETF
Home page
Inception date
Jul 7, 2014
Structure
Canadian Mutual Fund Trust (ON)
Dividend treatment
Distributes
Distribution tax treatment
Ordinary income
Income tax type
Capital Gains
Primary advisor
Invesco Canada Ltd.
ISIN
CA46090P1080
USB is passively managed and tracks a variety of investment-grade, USD-denominated bonds issued by companies domiciled in the US, Canada, Western Europe or Japan. To be included in the index, securities must be rated BBB- or above, have an outstanding face value of at least $500 million, and have a remaining maturity of at least one year. Selected securities are sorted into five equally-weighted buckets across each year of maturity. Within each maturity bucket, the index employs a market value weighting methodology to weight individual positions. Coupon payments and redemption proceeds are reinvested as of the call date in 13-week US treasury bills until the next monthly rebalancing, where they are then invested in bonds that have a maturity of five years. On a monthly basis, the index is reviewed to ensure that the weight of each maturity bucket is within 20% of its target weight. If not, then the index is fully rebalanced.
Classification
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
Cash
Bonds, Cash & Other100.00%
Cash100.00%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
USB last dividends amounted to 0.04 USD. The month before, the issuer paid 0.04 USD in dividends, which shows a 1.88% increase.
USB shares are issued by Invesco Ltd. under the brand Invesco. The ETF was launched on Jul 7, 2014, and its management style is Passive.
USB expense ratio is 0.27% meaning you'd have to pay 0.27% of your investment to help manage the fund.
USB follows the NASDAQ LadderRite 0-5 Year USD Corporate Bond Index - USD. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
USB invests in cash.
USB trades at a premium (35.23%) meaning the ETF is trading at a higher price than the calculated NAV.