|Bid||50.51 x 800|
|Ask||50.51 x 1000|
|Day's Range||50.48 - 50.53|
|52 Week Range||48.34 - 50.57|
|PE Ratio (TTM)||N/A|
|Beta (3Y Monthly)||0.96|
|Expense Ratio (net)||0.06%|
Many investors in or near retirement look to boost their portfolios' exposure to fixed income assets and a smart way of accomplishing that objective is with low-cost exchange traded funds, such as the iShares Core Total USD Bond Market ETF (IUSB) . The iShares Core Total USD Bond Market ETF, which is nearly five years old and has $2.91 billion in assets under management, tracks the Bloomberg Barclays U.S. Universal Index and holds over 7,500 bonds. About 61% of IUSB’s holdings are rated AAA and the ETF features little exposure to bonds with non-investment grade ratings.
Note: This article is part of Morningstar's 2019 Portfolio Tuneup week. The largest ETFs are utilitarian index trackers covering broad swaths of the market, just as traditional funds do. The cost advantage that can accompany ETFs (or traditional index funds) can also be a boon to conservative investors.
The fund tracks the Bloomberg Barclays U.S. Aggregate Enhanced Yield Index, which divides the investment-grade-focused Aggregate Index into 20 subcomponents. The index defines these subcomponents by sector (securitized, corporate credit, and government), years to maturity, and credit rating. The strategy offers higher yield by tilting toward corporate bonds and away from U.S. Treasuries relative to the Aggregate Index.
Multiple exchange traded funds offer broad-based bond market exposure on the cheap. One of the funds sporting those traits is the iShares Core Total USD Bond Market ETF (NASDAQ: IUSB). The $2.14-billion IUSB tracks the Bloomberg Barclays U.S. Universal Index, which is something of an extension of the widely followed Bloomberg Barclays Aggregate Bond Index.