TD Canadian Long Term Federal Bond ETF (TCLB.TO) TSX

116.86

-0.02(-0.02%)

Updated at October 17 02:22PM

Currency In CAD

TD Canadian Long Term Federal Bond ETF

Address

Canada

Phone

N/A

Website

N/A

Sector

Financial Services

Industry

Asset Management - Bonds

Employees

N/A

First IPO Date

November 19, 2019

Key Executives

N/A

Description

The fund seeks to earn income through an actively-managed portfolio of semi-annual pay fixed rate bonds issued by the government of Canada. Such bonds are those with a maturity greater than 10 years to achieve an overall target duration of 15 years. From time to time, holdings may also include Canadian government bonds with 7-10 years maturities if deemed beneficial for the overall portfolio. The fund adviser utilizes an optimized approach that considers issue size and liquidity to determine investment opportunities. The portfolio is rebalanced on a quarterly basis to its target duration range.