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Part of our Cash Investments collection, this actively managed exchange-traded fund (ETF) invests in a diversified portfolio of USD-denominated fixed-income securities, like government and corporate bonds. This fund only invests in "investment grade" securities, which means they're considered to be low risk. This fund aims to generate income while preserving and growing the original investment. Income received is distributed. This fund invests in securities with shorter maturities. Typically the debt it holds has an average maturity of 0 to 1 years, up to a maximum of 3 years. The longer the duration of a fixed income security, the higher its sensitivity to interest rates.
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