Seven corporate bond ETFs were launched by Claymore Securities. The new bond ETFs have maturity dates in the 2011-2017 range and follow indexes that mainly invest in investment grade corporate bonds.
Each index is designed to represent the performance of a held-to-maturity portfolio of U.S. dollar-denominated investment-grade corporate bonds with effective maturities in the same calendar year. Accretive Asset Management is the index provider for the BulletShares USD Corporate Bond series.
The funds’ bond portfolios are rebalanced monthly and weighted by market value. Also, income distributions are made monthly and annual expenses for the Claymore bond ETFs is 0.24 percent.