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

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.

What is the primary reason for the increase in assets of the SHAG ETF?

• A merger with another fund

• A new management team

• A decrease in interest rates

• A catchy ticker and rising rates

What is the typical duration of the bonds held by SHAG?

• Exactly five years

• Less than one year

• More than ten years

• Less than five years

What percentage of SHAG's bonds are rated triple A, double A, or single A?

• 40%

• 60%

• 80%

• 100%

What is the main goal of SHAG's bond allocations?

• To match the Bloomberg Barclays US Aggregate Index

• To focus solely on US government bonds

• To minimize risk

• To achieve greater yield than a typical short-term bond fund

What is the expense ratio of the SHAG ETF?

• 12 basis points

• 20 basis points

• 10 basis points

• 15 basis points