September 25, 2014 Go to “Core Portfolio” for current holdings. Hit the “Follow” button to get updates.
This fund essentially buys corporate bonds and holds to maturity. It is NOT the typical bond mutual fund or etf wherein the pricing changes daily—I do NOT recommend buying bond funds.
I DO like the target maturity bond funds like BSJM. This is like buying individual corporate bonds and holding to maturity. (We have some individual corporates listed in the Core Portfolio.) This also provides the smaller investor the opportunity to buy into the corporate bond segment without having to spend $1000 each for individual bonds. From their site:
Bond-like experience in an ETF. Combines the benefits of bonds—monthly income, final distribution at
maturity, as well as control of portfolio maturity, yield, and credit quality—with the advantages of ETFs—broad
diversification, liquidity, transparency, convenience, and cost-effectiveness
BSJM pays 5.4% so it will not make you rich. But it does give you moderate yield. If you want to buy BSJM do not wait to buy, get in NOW. Buy a small position at $24.89. Do not pay more than $25.00
Guggenheim BulletShares 2022 High Yield Corporate Bond ETF (BSJM) seeks investment results that correspond generally to the performance, before the fund’s fees and expenses, of a high-yield corporate bond index called the NASDAQ BulletShares® USD High Yield Corporate Bond 2022 Index. The index is designed to represent the performance of a held-to-maturity portfolio of U.S. dollar-denominated high-yield corporate bonds with effective maturities in 2022. The effective maturity of an eligible corporate bond is determined by its actual maturity or, in the case of callable securities, the effective maturity of the security as determined in accordance with a rules-based methodology developed by Accretive Asset Management LLC, the index provider. The fund has a designated year of maturity of 2022 and will terminate on or about December 31, 2022.