The NASDAQ OMX Group is launching eight new Ladder Indexes in the NASDAQ BulletShares Index Family. The Indexes are traditional bond ladders implemented through indexes utilising target maturity bond ETFs.
"These new indexes will provide the financial community a benchmark for tracking one of the most common types of fixed-income investing, bond-laddering," says John Jacobs, Executive Vice President, NASDAQ OMX Global Indexes. "The NASDAQ BulletShares Ladder Indexes are the next step for NASDAQ and Accretive Asset Management in creating new ways to measure fixed income investing."
The BulletShares Ladder Indexes are equal-weighted and are rebalanced annually in December so that they have equal weightings across portfolio constituents. The Ladder Indexes, listed below, are comprised of Guggenheim BulletShares exchange-traded funds ― which track the NASDAQ BulletShares corporate and high yield fixed-income indexes.
The new indexes are:
NASDAQ BulletShares Corporate Debt 0-3 Ladder Index (BSHY03)
NASDAQ BulletShares High Yield Debt 0-3 Ladder Index (BSCP05)
NASDAQ BulletShares Corporate Debt 0-5 Ladder Index (BSHY05)
NASDAQ BulletShares High Yield Debt 0-5 Ladder Index (BSCP03T)
NASDAQ BulletShares Corporate Debt 0-3 Ladder Total Return Index (BSHY03T)
NASDAQ BulletShares High Yield Debt 0-3 Ladder Total Return Index (BSCP05T)
NASDAQ BulletShares Corporate Debt 0-5 Ladder Total Return Index (BSHY05T)
NASDAQ BulletShares High Yield Debt 0-5 Ladder Total Return Index
The NASDAQ BulletShares Index Family is co-branded by NASDAQ OMX and Accretive Asset Management, LLC. The NASDAQ BulletShares Indexes represent the performance of an investment in a diversified, held-to-maturity portfolio of fixed-income securities with a common year of maturity. Accretive developed the BulletShares methodology in 2009 with the objective of combining the benefits of individual bonds and bond funds.
With the launch of the NASDAQ BulletShares Ladder Indexes, the NASDAQ BulletShares Index Family now consists of 28 indexes covering the investment grade and high yield corporate debt markets.