It’s not that there is necessarily anything wrong with this fund, it is just that in the current rate environment, I believe it will be tough for it to generate any level of meaningful return with its 1.34% MER.
Instead, I would suggest the PowerShares 1-5 Year Laddered Bond Fund or the PH&N Short Term Bond & Mortgage Fund, but only if you can access the low cost D or F series. If not, you’re better off with the PowerShares offering.