FYI: When first introduced in 2010, defined-maturity bond exchange-traded funds seemed like a good way to replicate individual bonds and build bond ladders.
The funds hold bonds that mature in the same year, returning capital at a predetermined time. And since they trade like stocks, advisors can do block trades and allocate to client accounts, greatly simplifying ladder management.
Regards,
Ted
https://www.fa-mag.com/news/defined-maturity-bond-etfs-turn-the-corner-42926.html?print
