Symbols

IBDV

iShares iBonds Dec 2030 Term Corporate ETF·NYSE

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Key Stats

Assets Under Management

2.89BUSD

Fund Flows (1Y)

1.20BUSD

Dividend Yield

4.56%

Discount/Premium to NAV

0.09%

Shares Outstanding

131.10M

Expense Ratio

0.10%

About iShares iBonds Dec 2030 Term Corporate ETF

Issuer

BlackRock Fund Advisors

Brand

iShares

Home Page

https://www.ishares.com/us/products/314496/

Inception Date

Jun 23, 2020

Structure

Open-Ended Fund

Index Tracked

Bloomberg December 2030 Maturity Corporate Index

Management Style

Passive

Dividend Treatment

Distributes

Distribution Tax Treatment

Ordinary income

Income Tax Type

Capital Gains

Max ST Capital Gains Rate

39.60%

Max LT Capital Gains Rate

20.00%

Primary Advisor

BlackRock Fund Advisors

Distributor

BlackRock Investments LLC

As part of iShares' Corporate Term Bond suite, IBDV behaves more like a bond than a typical bond fund. The fund provides bullet maturity—in this case for December 2030—instead of perpetual exposure to a maturity pocket of the US corporate investment-grade bond market. As the fund matures, its maturity, duration, and YTM will continue to decline. On its target date (tentatively, December 15, 2030), IBDV will unwind and return all capital to investors. This structure permits IBDV to be used as a building block for a bond ladder. In all, the fund provides a viable means to access a diverse pool of US investment-grade bonds while mimicking the life cycle of an individual bond.