2024-02-10 03:55:18 ET
Summary
- SLQD is a short-term investment-grade corporate bond index ETF.
- The fund offers investors diversified exposure to high-quality bonds and a low but rapidly growing 3.1% yield.
- Although there is nothing significantly wrong with the fund, it compares unfavorably to JAAA.
I last wrote about the iShares 0-5 Years Investment Grade Corporate Bond ETF (NASDAQ: SLQD ) late last year . In that article, I argued that the fund's safe holdings and good forward yield make it a reasonable investment opportunity, but only appropriate for more conservative investors. The fund has returned 8.3% since, outperforming relative to most high-quality bonds and fixed-income securities including t-bills. Returns were in-line with expectations, although nothing extraordinary....
Read the full article on Seeking Alpha
For further details see:
SLQD: Good Short-Term Investment-Grade Bond ETF, But Better Choices Out There (Rating Downgrade)