“TLT is popular with institutional investors looking for short-term bets, making it more of a trading vehicle than an investment vehicle, according to Mark Hackett, chief of investment research at Nationwide Funds Group,” reports Bloomberg.

Related: 3 Short-Term Bond ETFs for Income Hunters

TLT holds 32 bonds all of which carry AAA credit ratings. The ETF charges 0.15% per year, or $15 on a $10,000 investment.

For more information on the fixed-income market, visit our bond ETFs category.

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