BMO 2015 Corporate Bond Maturity (ZXB.TO)

Bond fund that gives the approximate return of a 1 year bond. It is going down because of the coupon payout and you are getting some of your capital back. The total return is positive over the last year.

(Top Pick Oct 26/12, Up 1.53%) You are trying to avoid having bonds which were bought at a premium so when they mature you get a loss.

(A Top Pick September 17/12. Up 1.59%.) Likes this. To avoid the issue of premium priced bonds, as they roll into the next year, they start rolling out of those bonds and going into T-bills.

BMO 2015 Corporate Bond Target Maturity ETF. Another category of bonds. It is not a ladder. Like a bond there is a fixed maturity date.

Basically this has a bunch of bonds that are essentially maturing in 2015, which they roll into T-bills. It’s almost like having the actual bond but you have a little bit more diversification.