IBDD ISSUER
The iShares iBonds Mar 2023 Term Corporate ex-Financials ETF (IBDD) is part of the iShares iBonds fixed maturity series of bond ETFs sponsored by BlackRock, Inc. Established with a specific maturity date set for March 31, 2023, IBDD aims to provide investors with exposure to U.S. dollar-denominated, taxable, investment-grade corporate bonds maturing after March 31, 2022, and before April 1, 2023, excluding financial sector bonds. The ETF primarily invests in a combination of individual fixed-income securities and other iShares funds, following a passive indexing approach. As it nears its termination date, IBDD's holdings are expected to transition to cash and cash equivalents, ultimately liquidating the fund and distributing its net assets to shareholders.
IBDD DIVIDEND
The iShares iBonds Dec 2033 Term Corporate ETF (IBDD) offers a unique approach to dividend distribution. This ETF is designed to mature in December 2033, aligning its distribution strategy with its defined term. IBDD's dividend eligibility is based on the interest income generated from its portfolio of corporate bonds that mature close to its target date. The fund typically distributes these interest earnings on a monthly basis, making it suitable for investors seeking consistent income throughout its term. Additionally, IBDD's dividend policy is influenced by prevailing interest rates, credit quality, and bond maturities within its portfolio, providing investors with a diversified income stream while preserving their principal investment.
IBDD TRACKING
The IBDD ETF, managed by BlackRock, seeks to replicate the performance of the Bloomberg Barclays 2023 Maturity Corporate Index. This ETF primarily invests in a combination of individual fixed-income securities and other iShares funds, with a focus on corporate bonds scheduled to mature after March 31, 2022, and before April 1, 2023. The fund's strategy involves tracking the Underlying Index, which consists of U.S. dollar-denominated, taxable, investment-grade corporate bonds, with an emphasis on the consumer staples and financials industries or sectors. IBDD aims to provide investors with exposure to a diversified portfolio of fixed-income securities while maintaining a focus on bonds with maturities in the specified range.
IBDD CORRELATION
The correlation aspect of the iShares iBonds Mar 2023 Term Corporate ex-Financials ETF (IBDD) is crucial in understanding its behavior in relation to the broader fixed-income market. IBDD seeks to achieve its investment objective by investing in a portfolio of corporate bonds with maturities that align with its target maturity date. Due to its focus on corporate bonds and its specific maturity date, IBDD's correlation with the broader bond market may vary, making it important for investors to assess how it fits into their fixed-income portfolios.
IBDD SECTOR
The iShares iBonds Mar 2023 Term Corporate ex-Financials ETF (IBDD) primarily invests in U.S. dollar-denominated, taxable, investment-grade corporate bonds scheduled to mature after March 31, 2022, and before April 1, 2023. A significant portion of the Underlying Index is composed of securities from the consumer staples and financials industries or sectors. The ETF aims to provide exposure to corporate bonds while excluding financials, offering investors a way to diversify their fixed-income holdings by avoiding a specific sector. As the ETF approaches its termination date in March 2023, it is expected to hold a significant portion of its assets in cash, reflecting the composition of the Underlying Index at that time.
IBDD EXPOSURE
The exposure characteristic of the iShares iBonds Dec 2030 Corporate ETF (IBDD) is primarily centered around the Bloomberg December 2030 Maturity Corporate Index. This ETF aims to track the performance of U.S. dollar-denominated, investment-grade corporate bonds scheduled to mature between January 1, 2030, and December 15, 2030. As of October 31, 2022, a significant portion of the Underlying Index comprises securities from the consumer staples industry or sector. Investors looking for exposure to investment-grade corporate bonds with maturities in this specific time frame may find IBDD to be a suitable addition to their portfolios.Discovering and analyzing the exposure of IBDD, as well as other US ETFs, can be facilitated by using the ETF Insider web app. This tool offers in-depth data and visualizations to help investors understand the composition, correlations, and overlaps within their ETF holdings, aiding them in making informed investment decisions.