The $2.9 billion SPDR Barclays Short Term Corporate Bond ETF (NYSEArca: SCPB) also earned an overweight rating from S&P Capital IQ. SCPB is also inexpensive with an annual expense ratio of just 0.1245% and the ETF has a modified adjusted duration of just 1.89 years. About 63% of SCPB’s 871 holdings are rated AA or A.
The S&P Capital IQ list of top-ranked fixed-income ETFs with duration of less than three years also includes ETFs from Guggenheim, PIMCO and Schwab, as well as others from iShares, State Street and Vanguard, said the firm in the note.
SPDR Barclays Short Term Corporate Bond ETF
