Name of ETF: ProShares USD Covered Bond
Benchmark Index: Solactive Diversified USD Covered Bond Index
Ticker Symbol: COBO
ETF Key Points:
- Basic Bond Strategy: Income generation through investing in covered bonds. Covered bonds are issued by a financial institution and secured by assets such as mortgages and public-sector loans.
- Approximate Number of Holdings: 25
- Maturity: The majority of the bonds in this ETF mature in less than four years.
- Credit Quality: These are AAA rated bonds.
- Issuing Countries: Covered Bonds from Canada, Australia, Sweden, Norway and the United Kingdom are some of the countries represented in this ETF.
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