Key stats
About INVESCO LDRRITE US 0-5 YR CO BD IDX USD UNITS
Expense ratio
0.28%
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Inception date
Jul 7, 2014
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