PDF Defined-maturity bond funds
4 We provide a general overview of the index methodology used by many defined-maturity bond funds. For more specifics, refer to Accretive Asset Management (2012a, 2012b) and S&P Dow Jones Indices (2012). 3 What is a defined-maturity bond fund? Since their launching nearly 30 years ago in 1985,2 DMF mutual funds have existed as a small ................
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