Target Maturity Bond ETF for a bond ladder.
Is anyone holding iShare Target Maturity ETFs for their bond ladder?
They pay better than CDs (of course they aren't FDIC insured), and I would hold them to maturity so the interest rate risk is not as evident, while the diversified nature of a fund keeps default risk low. Some interest rate risk is still there, but it doesn't seem the same to me as in a fund like AGG. Is that just a trick I'm playing on myself?
I am going to add IDBD and IBDH to cover minimal expenses for 2018, and half of 2019. Anyone know of a downside to these funds that I might not be considering?