Yeah Baby! 'SHAG' ETF Draws Millions of Assets to Short-Term Bonds

Yeah Baby! 'SHAG' ETF Draws Millions of Assets to Short-Term Bonds

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The SHAG ETF, a US short-term aggregate bond fund, has grown from $5 million to $80 million in assets over two years, thanks to its catchy ticker and rising interest rates. It tracks a Bloomberg Barclays Index and holds 425 investment-grade bonds with durations under five years to manage interest rate risk. The fund's bonds are mostly US-based, with a significant portion in corporates and US government bonds. Despite trailing the Bloomberg Barclays US AG index, SHAG offers a competitive yield and has an expense ratio of 12 basis points. It is rated positively in the Bloomberg Intelligence Traffic Light system.

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1.

OPEN ENDED QUESTION

3 mins • 1 pt

What percentage of the ETF's holdings are rated triple A or single A?

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2.

OPEN ENDED QUESTION

3 mins • 1 pt

What is the expense ratio of the Shag ETF, and what does it indicate?

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