Symbols

IBDY

iShares iBonds Dec 2033 Term Corporate ETF·NYSE

--(--)

Key Stats

Assets Under Management

1.01BUSD

Fund Flows (1Y)

243.52MUSD

Dividend Yield

5.26%

Discount/Premium to NAV

0.15%

Shares Outstanding

38.75M

Expense Ratio

0.10%

About iShares iBonds Dec 2033 Term Corporate ETF

Issuer

BlackRock Fund Advisors

Brand

iShares

Home Page

https://www.ishares.com/us/products/332289/ishares-ibonds-dec-2033-term-corporate-etf

Inception Date

Jun 21, 2023

Structure

Open-Ended Fund

Index Tracked

Bloomberg December 2033 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

IBDY 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 2033 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, IBDY will unwind and return all capital to investors. This structure permits IBDY 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.