Symbols

IBDW

iShares iBonds Dec 2031 Term Corporate ETF·NYSE

--(--)

Key Stats

Assets Under Management

2.22BUSD

Fund Flows (1Y)

817.23MUSD

Dividend Yield

4.75%

Discount/Premium to NAV

-0.00%

Shares Outstanding

104.70M

Expense Ratio

0.10%

About iShares iBonds Dec 2031 Term Corporate ETF

Issuer

BlackRock Fund Advisors

Brand

iShares

Home Page

https://www.ishares.com/us/products/319154/?referrer=tickerSearch

Inception Date

Jun 22, 2021

Structure

Open-Ended Fund

Index Tracked

Bloomberg December 2031 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

IBDW is part of iShares' Corporate Term Bond suite. The fund behaves more like a bond than a typical bond fund. The fund provides bullet maturity, in this case December 2031 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, IBDW will unwind and return all capital to investors. This structure permits IBDW 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.