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What happens when a bond in the index matures?

April 26, 2017Bond happens index matures

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What happens when a bond in the index matures?

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The minimum time to maturity for a bond within the Markit iBoxx Sterling Liquid Corporate long-Dated Bond Index is 1.5 years at each rebalancing date. As a result a bond will be replaced within the index (and therefore the fund) prior to maturity.