The issuer of the BKSB ETF, known as the BKSB Issuer, focuses on providing investors with exposure to the Bloomberg US Corporate 1-5 Years Total Return Index. This index measures the market for investment-grade, U.S. dollar-denominated, fixed-rate, taxable corporate bonds with maturities ranging from one to five years. The issuer aims to maintain a dollar-weighted average maturity consistent with that of the index, which as of December 31, 2022, had an average maturity of 2.9 years and included approximately 2,500 securities.
While the primary objective of the BKSB Dividend ETF (BKSB) is to invest substantially in bonds comprising the Bloomberg US Corporate 1-5 Years Total Return Index, it does not focus primarily on dividends. This ETF reflects the dividend distribution of the underlying index, which consists of investment-grade, U.S. dollar-denominated, fixed-rate, taxable corporate bonds with one to five years left to maturity. Dividend eligibility in this case is not applicable, as the fund primarily deals with bond investments. The distribution of dividends is not a prominent feature, as bond investments typically generate interest income rather than dividends. Investors interested in income through interest payments may consider BKSB, but dividend-seeking investors may want to explore equity-focused ETFs instead.
Tracking the Bloomberg US Corporate 1-5 Years Total Return Index is at the core of the BKSB ETF's strategy. BKSB aims to provide investors exposure to the market for investment-grade, U.S. dollar-denominated, fixed-rate, taxable corporate bonds with one to five years left to maturity. The ETF typically invests in a representative sample of the securities comprising the index to closely align with its performance. As of December 31, 2022, the index was comprised of approximately 2,500 securities with a dollar-weighted average maturity of 2.9 years. BKSB's focus on tracking this index makes it an attractive choice for those seeking investment-grade corporate bond exposure in this maturity range.
The correlation aspect of the BKSB ETF, known as the Bloomberg US Corporate 1-5 Years Total Return Index ETF, primarily revolves around its close relationship with the Bloomberg US Corporate 1-5 Years Total Return Index. This ETF seeks to maintain a strong correlation with the index by investing substantially all of its assets in bonds that make up the benchmark. The Bloomberg US Corporate 1-5 Years Total Return Index measures the market for investment-grade, U.S. dollar-denominated, fixed-rate, taxable corporate bonds with one to five years left to maturity. Investors interested in understanding the performance of this ETF can expect its correlation with the index to remain high, providing a reliable tool for tracking the performance of this specific bond market segment.
The iShares iBoxx Investment Grade Corporate Bond ETF (BKSB) primarily focuses on the investment grade, U.S. dollar-denominated, fixed-rate corporate bonds sector with maturities ranging from one to five years. To be included in its benchmark index, the Bloomberg US Corporate 1-5 Years Total Return Index, securities must meet specific criteria, including minimum par amount outstanding and investment grade ratings from Moody's, S&P, and Fitch. BKSB aims to provide investors with exposure to this sector's stable income potential while maintaining a dollar-weighted average maturity consistent with that of the index. As of December 31, 2022, the index was comprised of approximately 2,500 securities and had a dollar-weighted average maturity of 2.9 years, with a notable 37.9% concentration in the Banking industry. Please note that BKSB may become non-diversified if the index's composition changes significantly, potentially leading to a higher allocation in a limited number of issuers.
The exposure characteristic of the BKSB ETF (not enough information available) is not provided in the available sources. Investors seeking to understand the market, region, and sector exposure of this ETF can utilize ETF Insider''s web app, which offers comprehensive data and visualization tools to analyze various US ETFs. With ETF Insider, investors can discover exposure details, including market segments, geographic regions, and sectors, and explore correlations, overlaps, and other crucial information to make informed investment decisions.
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