IBDT ISSUER
The iShares iBonds Dec 2028 Term Corporate ETF (IBDT) is sponsored by BlackRock, Inc. (BFA). This ETF seeks to achieve its investment objective by primarily investing in component securities of the Bloomberg December 2028 Maturity Corporate Index. In addition to its core holdings, IBDT may also invest in other exchange-traded funds (ETFs), U.S. government securities, short-term paper, cash, and cash equivalents, including money market funds advised by BFA or its affiliates. This fixed-term fund has a predetermined termination date on or about December 15, 2028, at which point it will distribute its remaining net assets to shareholders according to a plan of liquidation. IBDT's strategy follows a passive, indexing approach to track its benchmark, focusing on investment-grade corporate bonds scheduled to mature between January 1, 2028, and December 15, 2028. It aims to provide investors with exposure to a specific maturity range within the corporate bond market.
IBDT DIVIDEND
The iShares iBonds Dec 2023 Term Corporate ETF (IBDT) offers investors a fixed income-focused approach, where dividend distributions are closely tied to the underlying bond portfolio. Dividends from IBDT are typically distributed on a monthly basis, in line with the interest payments received from the bonds within the fund's portfolio. Investors seeking a reliable income stream with a defined maturity date may find IBDT's dividend distribution policy suitable, as it aims to provide consistent income until its maturity in December 2023.
IBDT TRACKING
Tracking the Bloomberg December 2028 Maturity Corporate Index is the primary objective of the iShares iBonds Dec 2028 Term Corporate ETF (IBDT). This ETF invests in a diversified portfolio of component securities of the Bloomberg December 2028 Maturity Corporate Index, which primarily includes U.S. dollar-denominated, taxable, investment-grade corporate bonds scheduled to mature between January 1, 2028, and December 15, 2028. IBDT aims to provide investors with exposure to a specific maturity range of corporate bonds, seeking to match the performance of its underlying index until its termination date on or about December 15, 2028. This ETF utilizes a passive indexing strategy, aiming to replicate the index's performance while maintaining low portfolio turnover and cost-efficiency.
IBDT CORRELATION
The correlation aspect of the iShares iBonds Dec 2028 Term Corporate ETF (IBDT) is primarily tied to its underlying index, the Bloomberg December 2028 Maturity Corporate Index. As IBDT seeks to replicate the performance of this index, its correlation with the index is expected to be very high. This means that the ETF's price movements are closely aligned with the performance of the corporate bonds included in the index, which mature between January 1, 2028, and December 15, 2028. For investors looking to gain exposure to a portfolio of corporate bonds with a specific maturity date, IBDT can be a valuable tool. Its correlation with the Bloomberg December 2028 Maturity Corporate Index makes it an efficient way to access a diversified basket of investment-grade corporate bonds with a targeted maturity. To further analyze correlations and explore investment opportunities in the ETF space, investors can utilize tools like ETF Insider's web app, which provides in-depth data and visualization tools for a comprehensive understanding of ETF correlations and overlaps in the broader market.
IBDT SECTOR
The iShares iBonds Dec 2028 Term Corporate ETF (IBDT) primarily focuses on the corporate bond sector. This ETF seeks to meet its investment objective by investing in component securities of the Bloomberg December 2028 Maturity Corporate Index. The underlying index consists of U.S. dollar-denominated, taxable, investment-grade corporate bonds scheduled to mature between January 1, 2028, and December 15, 2028. As of its last update in October 2022, a significant portion of the index was represented by securities of companies in the consumer staples and financial sectors. The ETF is designed as a fixed-term fund, terminating around December 15, 2028, without a predetermined return at maturity, making it suitable for investors seeking exposure to a specific segment of the corporate bond market.
IBDT EXPOSURE
The exposure characteristic of the iShares Russell 2000 ETF (IBDT) underscores its focus on the U.S. small-cap equities market. The fund typically invests at least 80% of its assets in component securities of the U.S. Small Cap Underlying Index, which is designed to reflect Franklin Templeton's desired investment strategy. This index aims to achieve a lower level of risk and higher risk-adjusted performance than the Russell 2000® Index by selecting securities with favorable exposure to four investment style factors – quality, value, momentum, and low volatility. With a portfolio comprised of approximately 480 securities, IBDT offers investors a way to tap into the potential of small-cap stocks in the United States. For more in-depth insights into IBDT's exposure and correlations, check out ETF Insider's web app, which provides comprehensive data visualization tools for all US ETFs.
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