Related: A Positive Outlook for Emerging Market-Related ETFs
IFIX attempts to diminish the negative effects of weakening foreign currencies or a strengthening U.S. dollar. Investing in international securities exposes investors to foreign currencies. Consequently, a weakening foreign currency would usually reduce the U.S. dollar-denominated return on an international security.
Over 53% of IFIX’s holdings were rated AAA, AA or A at the end of 2018. The average final maturity of IFIX’s holdings is 8.40 years. The fund is up 2% year-to-date and yields just over 2%.
For more information on the fixed-income market, visit our bond ETFs category.