Here's a statement of the obvious: The opinions expressed here are those of the participants, not those of the Mutual Fund Observer. We cannot vouch for the accuracy or appropriateness of any of it, though we do encourage civility and good humor.
FYI: At last report, the fund held 306 investment-grade bonds issued by highly rated companies, such as Apple, Bank of America and Verizon Communications, that all come due between April 1, 2019, and March 31, 2020. As the end date approaches, the fund will pile up the cash from its maturing bonds and it will cease to exist—delisting from the stock exchange around that date and shelling out the proceeds to investors (after fees and expenses). Regards, Ted http://www.kiplinger.com/article/investing/T022-C009-S002-an-etf-that-s-an-ideal-bond-substitute.html
