Read the prospectus for your fund and it will have the average duration as well as information about the issuers of the bonds it does invest in (govt, agency, mortgage backed, foreign, high quality corporate, etc) and whether there are constraints on
the target average maturity.
Not exact matches
Its options include (a) cut marginal rates from -0.1 % to a more negative overnight rate
target (b) increase purchases in one or several asset classes from current levels (JPY80trn annual in JGB's; JPY3trn in ETF's; JPY90bn in J - REITS)(c) further lengthen the
average maturity of holdings (on
average somewhere between 5 and 7 years by our estimates)(d) apply forward guidance with respect to its balance sheet or (e) an extreme derivative of (d)-RRB- espouse a «helicopter drop» strategy, wherein the BOJ offers unlimited monetisation of government debt.
There are versions with
target dates of 2015, 2020 and 2025, and the bonds inside these ETFs have
average terms to
maturity of about five, 10 and 15 years, respectively.
For example, the BMO 2013 Corporate Bond
Target Maturity ETF (ZXA) is made up of bonds with an
average term of about three years, since it is designed to mature at the end of 2013.
Target Maturity Date Junk Bonds and all other type of bonds are ranked based on their AUM - weighted
average dividend yield for all the U.S. - listed ETFs that are classified by ETFdb.com as being mostly exposed to those respective bonds.
Bond power rankings are rankings between
Target Maturity Date Junk Bonds and all other U.S. - listed bond ETFs on certain investment - related metrics, including 3 - month fund flows, 3 - month return, AUM,
average ETF expenses and
average dividend yields.
The Fund maintains a dollar - weighted
average maturity consistent with that of the
target index, which generally does not exceed 3 years.
As would be expected, the yields of these funds — interest and dividends after expenses divided by
average net asset value — increase as the
target date approaches
maturity.