Continue to site >
Trending ETFs

Name

As of 05/21/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$24.80

$2.59 B

3.81%

$0.95

0.10%

Vitals

YTD Return

1.4%

1 yr return

4.9%

3 Yr Avg Return

-0.2%

5 Yr Avg Return

2.6%

Net Assets

$2.59 B

Holdings in Top 10

11.5%

52 WEEK LOW AND HIGH

$24.8
$24.29
$24.84

Expenses

OPERATING FEES

Expense Ratio 0.10%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 8.00%

Redemption Fee N/A


Min Investment

Standard (Taxable)

N/A

IRA

N/A


Fund Classification

Fund Type

Exchange Traded Fund


Name

As of 05/21/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$24.80

$2.59 B

3.81%

$0.95

0.10%

IBDQ - Profile

Distributions

  • YTD Total Return 1.4%
  • 3 Yr Annualized Total Return -0.2%
  • 5 Yr Annualized Total Return 2.6%
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio 1.92%
DIVIDENDS
  • Dividend Yield 3.8%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    iShares iBonds Dec 2025 Term Corporate ETF
  • Fund Family Name
    BlackRock-advised Funds
  • Inception Date
    Mar 11, 2015
  • Shares Outstanding
    47650000
  • Share Class
    N/A
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    James Mauro

Fund Description

The Fund seeks to meet its investment objective generally by investing in component securities of the Bloomberg December 2025 Maturity Corporate Index (the Underlying Index). The Fund may also invest in other exchange-traded funds (ETFs), U.S. government securities, short-term paper, cash and cash equivalents, including shares of money market funds advised by BFA or its affiliates.
The Fund is a term fund that will terminate on or about December 15, 2025, at which time it will distribute its
remaining net assets to shareholders pursuant to a plan of liquidation. The Fund does not seek to return any predetermined amount at maturity or in periodic distributions. The Underlying Index is composed of U.S. dollar-denominated, taxable, investment-grade (as determined by Bloomberg Index Services Limited (the Index Provideror Bloomberg)) corporate bonds scheduled to mature between January 1, 2025 and December 15, 2025, inclusive. As of October 31, 2023, a significant portion of the Underlying Index is represented by securities of companies in the financials industry or sector. The components of the Underlying Index are likely to change over time.
The Underlying Index consists of U.S. dollar-denominated, investment-grade securities publicly issued by U.S. and non-U.S. corporate issuers that have $300 million or more of outstanding face value at the time of inclusion. The non-U.S. corporate issuers included in the Underlying Index consist primarily of corporate bonds issued by companies domiciled in developed countries. The Fund will invest in non-U.S. issuers to the extent necessary for it to track the Underlying Index. Each bond included in
the Underlying Index must be registered with the SEC, have been exempt from registration at issuance, or have been offered pursuant to Rule 144A under the Securities Act of 1933, as amended (the 1933 Act), with registration rights. Further, the securities in the Underlying Index must be denominated in U.S. dollars and have a fixed-rate, although they can carry a coupon that steps-up or changes according to a predetermined schedule. In addition, to be included in the Underlying Index, securities that are rated by all three of the rating agencies named below must be rated investment-grade by at least two of the three rating agencies, which is defined as Baa3 or higher by Moody’s Investors Service, Inc. or BBB- or higher by S&P Global Ratings or Fitch Ratings, Inc. When ratings from only two of the three rating agencies are available, the lower rating is used to determine eligibility. Securities with a rating from only one of the three ratings agencies must be rated investment-grade in order to be included in the Underlying Index.
The Underlying Index is constructed with the following methodology. The parent index, the Bloomberg U.S. Corporate Index (the Parent Index), representing U.S. dollar-denominated, taxable, investment-grade corporate bonds, is stripped of securities maturing outside of the maturity range defined above. During the final two years of the Underlying Index, bonds that mature in 2025 but had been screened out of the Parent Index due to being within one year of maturity will be added back into the Underlying Index until such bonds reach maturity. Securities are then market-cap weighted within the Underlying Index, with a 3% cap typically imposed on any one issuer, and a pro rata distribution of any excess weight
across the remaining issuers in the Underlying Index. The securities in the Underlying Index are updated on the last calendar day of each month until six months prior to maturity. The last rebalance date will be on June 30, 2025. During this final six month period, the Underlying Index will no longer be updated or rebalanced, except to remove securities which are downgraded to below investment-grade per the eligibility criteria described above. Additionally, during this period, existing bond weights will be allowed to float based on changes in market value.
When a bond that is included in the Underlying Index matures, its maturity value will be represented in the Underlying Index by cash throughout the remaining life of the Underlying Index.
The Fund is a series of the iShares iBonds® fixed maturity series of bond ETFs sponsored by BlackRock, Inc. BlackRock). The Fund does not invest in U.S. savings bonds or other U.S. government bonds (except to the extent the Fund holds cash equivalent instruments consistent with its investment objective) and is not designed to provide protection against inflation.
BFA uses an indexing approach to try to achieve the Fund’s investment objective. Unlike many investment companies, the Fund does not try to beat the index it tracks and does not seek temporary defensive positions when markets decline or appear overvalued.
Indexing may eliminate the chance that the Fund will substantially outperform the Underlying Index but also may reduce some of the risks of active management, such as poor security
selection. Indexing seeks to achieve lower costs and better after-tax performance by aiming to keep portfolio turnover low in comparison to actively managed investment companies.
BFA uses a representative sampling indexing strategy to manage the Fund. Representative sampling is an indexing strategy that involves investing in a representative sample of securities that collectively has an investment profile similar to that of an applicable underlying index. The securities selected are expected to have, in the aggregate, investment characteristics (based on factors such as market value and industry weightings), fundamental characteristics (such as return variability, duration (i.e., a security's price sensitivity to a change in interest rates), maturity or credit ratings and yield) and liquidity measures similar to those of an applicable underlying index. The Fund may or may not hold all of the securities in the Underlying Index.
The Fund will invest at least 80% of its assets in the component instruments of the Underlying Index, and (except during the last twelve months of the Fund’s operations) the Fund will invest at least 90% of its assets in fixed income securities of the types included in the Underlying Index that BFA believes will help the Fund track the Underlying Index. The Fund will invest no more than 10% of its assets in futures, options and swaps contracts that BFA believes will help the Fund track the Underlying Index as well as in fixed income securities other than the types included in the Underlying Index, but which BFA believes will help the Fund track the Underlying Index. Cash and cash equivalent investments associated with a derivative position will be treated as part of that position for the purposes of
calculating the percentage of investments included in the Underlying Index.
In the last six months of operation, as the bonds held by the Fund mature, the proceeds may not be reinvested by the Fund in bonds but instead will be held in cash and cash equivalents. By fifteen days prior to maturity, the Underlying Index is expected to consist almost entirely of cash and cash equivalents. On or around this date, the Fund will wind up and terminate, and its net assets will be distributed to then-current shareholders pursuant to a plan of liquidation.
The Fund seeks to track the investment results of the Underlying Index before fees and expenses of the Fund. To the extent that the Fund invests in money market or similar funds, it will incur the fees and expenses of such funds.
The Fund should not be confused with a target date fund, which has assets that are managed according to a particular investment strategy that converts fund assets to conservative investments over time.
The Fund may lend securities representing up to one-third of the value of the Fund's total assets (including the value of any collateral received).
The Underlying Index is sponsored by Bloomberg, which isindependent of the Fund and BFA. The Index Provider determines the composition and relative weightings of the securities in the Underlying Index and publishes information regarding the market value of the Underlying Index.
Industry Concentration Policy. The Fund will concentrate its investments i.e., hold 25% or more of its total assets) in a particular industry or group
of industries to approximately the same extent that the Underlying Index is concentrated. For purposes of this limitation, securities of the U.S. government (including its agencies and instrumentalities), repurchase agreements collateralized by U.S. government securities, and securities of state or municipal governments and their political subdivisions are not considered to be issued by members of any industry.
Read More

IBDQ - Performance

Return Ranking - Trailing

Period IBDQ Return Category Return Low Category Return High Rank in Category (%)
YTD 1.4% -1.5% 7.7% 82.20%
1 Yr 4.9% -0.2% 12.5% 84.82%
3 Yr -0.2%* -6.5% 4.0% 65.79%
5 Yr 2.6%* -4.7% 5.6% 80.56%
10 Yr N/A* 1.6% 5.1% 32.76%

* Annualized

Return Ranking - Calendar

Period IBDQ Return Category Return Low Category Return High Rank in Category (%)
2023 1.8% -9.8% 12.8% 89.47%
2022 -7.9% -38.3% -3.8% 7.37%
2021 -3.5% -9.1% 10.3% 81.38%
2020 5.5% -13.4% 12.6% 57.49%
2019 9.9% -1.1% 13.9% 26.43%

Total Return Ranking - Trailing

Period IBDQ Return Category Return Low Category Return High Rank in Category (%)
YTD 1.4% -1.5% 7.7% 82.20%
1 Yr 4.9% -0.2% 12.5% 84.82%
3 Yr -0.2%* -6.5% 4.0% 65.79%
5 Yr 2.6%* -4.7% 5.6% 80.56%
10 Yr N/A* 1.6% 5.1% N/A

* Annualized

Total Return Ranking - Calendar

Period IBDQ Return Category Return Low Category Return High Rank in Category (%)
2023 5.2% -9.8% 15.4% 87.37%
2022 -5.9% -16.9% -2.9% 10.00%
2021 -1.5% -3.8% 10.3% 91.49%
2020 8.3% -13.4% 16.6% 77.25%
2019 13.6% 4.7% 25.2% 55.00%

IBDQ - Holdings

Concentration Analysis

IBDQ Category Low Category High IBDQ % Rank
Net Assets 2.59 B 1.15 M 36 B 5.76%
Number of Holdings 675 2 1464 6.28%
Net Assets in Top 10 292 M 931 K 36.5 B 37.70%
Weighting of Top 10 11.49% 4.5% 101.7% 92.66%

Top 10 Holdings

  1. BlackRock Cash Funds: Institutional, SL Agency Shares 6.49%
  2. Charter Communications Operating LLC / Charter Communications Operating Capital 0.68%
  3. Visa Inc 0.65%
  4. Boeing Co/The 0.56%
  5. AbbVie Inc 0.56%
  6. Goldman Sachs Group Inc/The 0.55%
  7. T-Mobile USA Inc 0.53%
  8. BlackRock Cash Funds: Treasury, SL Agency Shares 0.49%
  9. Morgan Stanley 0.49%
  10. Microsoft Corp 0.48%

Asset Allocation

Weighting Return Low Return High IBDQ % Rank
Bonds
98.57% 0.00% 109.30% 12.57%
Cash
6.98% -24.70% 53.61% 17.28%
Convertible Bonds
5.65% 0.00% 6.56% 1.05%
Stocks
0.00% 0.00% 100.13% 93.72%
Preferred Stocks
0.00% 0.00% 11.70% 88.48%
Other
0.00% -0.07% 5.62% 84.29%

Bond Sector Breakdown

Weighting Return Low Return High IBDQ % Rank
Corporate
99.20% 0.00% 99.84% 3.66%
Cash & Equivalents
6.98% 0.00% 80.50% 25.13%
Securitized
0.05% 0.00% 81.91% 78.53%
Derivative
0.00% -0.07% 0.78% 81.15%
Municipal
0.00% 0.00% 99.98% 96.86%
Government
0.00% 0.00% 99.79% 96.86%

Bond Geographic Breakdown

Weighting Return Low Return High IBDQ % Rank
US
98.57% 0.00% 109.30% 12.57%
Non US
0.00% 0.00% 7.58% 89.01%

IBDQ - Expenses

Operational Fees

IBDQ Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.10% 0.06% 13.37% 92.11%
Management Fee 0.10% 0.00% 0.79% 43.58%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.01% 0.29% N/A

Sales Fees

IBDQ Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 2.75% 5.75% N/A
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

IBDQ Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A N/A N/A N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

IBDQ Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 8.00% 0.00% 121.26% 20.50%

IBDQ - Distributions

Dividend Yield Analysis

IBDQ Category Low Category High IBDQ % Rank
Dividend Yield 3.81% 0.00% 9.37% 26.70%

Dividend Distribution Analysis

IBDQ Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Annual Quarterly Annual

Net Income Ratio Analysis

IBDQ Category Low Category High IBDQ % Rank
Net Income Ratio 1.92% -0.06% 5.71% 36.87%

Capital Gain Distribution Analysis

IBDQ Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Semi-Annually Annually

Distributions History

View More +

IBDQ - Fund Manager Analysis

Managers

James Mauro


Start Date

Tenure

Tenure Rank

Mar 11, 2015

7.23

7.2%

Head of San Francisco Fixed Income Core PM at BlackRock, Inc. since 2020; Managing Director of BlackRock, Inc. since 2015; Director of BlackRock, Inc. from 2010 to 2014; Vice President of State Street Global Advisors from 2001 to 2010. James Mauro has been employed by BlackRock Fund Advisors and BlackRock Institutional Trust Company, N.A. (“BTC”) as a portfolio manager since 2011. Prior to joining BTC, Mr. Mauro was a Vice President at State Street Global Advisors. His primary responsibilities include management of all government, inflation linked and derivative strategies. Other responsibilities include hedging and managing risk across all asset classes through futures and option overlays. James joined State Street Corporation in 1993. Previously, he worked as a portfolio manager on the passive team where he co-managed several Bond Index portfolios.

Karen Uyehara


Start Date

Tenure

Tenure Rank

Mar 01, 2021

1.25

1.3%

Ms. Uyehara is a Director of BlackRock, which she joined in 2010. Ms. Uyehara is a portfolio manager and member of BlackRock’s Model-Based Fixed Income Portfolio Management Group. Prior to joining BlackRock, Ms. Uyehara was a portfolio manager at Western Asset Management Company from2002 to 2010.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.08 17.59 6.48 3.75