The iShares Intermediate-Term Corporate Bond ETF (IGIB) is managed and issued by BlackRock, Inc., a global investment management firm. Established to provide investors with exposure to investment-grade corporate bonds with maturities ranging from five to ten years, IGIB seeks to track the performance of the ICE® BofA® 5-10 Year US Corporate Index. As of February 28, 2023, the index included 2,634 corporate bond issues. BlackRock follows an indexing approach for IGIB, aiming to replicate the performance of its benchmark index rather than actively managing the fund. By employing a representative sampling indexing strategy, the fund selects a subset of securities that closely resemble the characteristics of the underlying index. This approach helps keep costs low and minimizes some of the risks associated with active management.
The iShares Intermediate-Term Corporate Bond ETF (IGIB) offers investors exposure to the performance of the ICE® BofA® 5-10 Year US Corporate Index. This index measures the performance of investment-grade corporate bonds with maturities between five and ten years, denominated in U.S. dollars and publicly issued in the U.S. domestic market. The fund typically distributes dividends in accordance with the underlying index's constituents, and these distributions occur periodically. IGIB follows a strategy of representative sampling indexing to achieve its investment objective while maintaining a weighted average maturity between three and ten years. It primarily invests in fixed income securities that align with the Underlying Index, ensuring that the fund closely tracks its performance before fees and expenses.
Tracking the ICE® BofA® 5-10 Year US Corporate Index is at the core of the iShares Intermediate-Term Corporate Bond ETF's strategy. IGIB aims to mirror the performance of investment-grade corporate bonds issued in both the U.S. and non-U.S. markets, denominated in U.S. dollars, with maturities ranging from five to ten years. As of February 28, 2023, the ETF consists of 2,634 issues from various issuers. A significant portion of the underlying index represents companies in the financials sector. IGIB utilizes a representative sampling indexing strategy, investing in securities that collectively replicate the index's investment profile. With a focus on tracking the Underlying Index before fees and expenses, IGIB provides investors with exposure to intermediate-term corporate bonds while minimizing active management risks.
The correlation aspect of the iShares Intermediate-Term Corporate Bond ETF (IGIB) is primarily known for its relationship with the performance of the ICE® BofA® 5-10 Year US Corporate Index. IGIB aims to track the investment results of this index, which measures the performance of investment-grade corporate bonds with maturities between five and ten years, both in the U.S. and globally. Given its investment objective, IGIB generally exhibits a strong positive correlation with the underlying index, making it a suitable choice for investors seeking exposure to intermediate-term corporate bonds.
The iShares Intermediate-Term Corporate Bond ETF (IGIB) primarily focuses on the intermediate-term corporate bond sector. As of its last update in February 2023, a significant portion of the underlying index is represented by securities from the financials industry or sector. This ETF seeks to track the performance of investment-grade corporate bonds with remaining maturities of greater than or equal to five years and less than ten years. By investing in this sector, IGIB offers investors a stable income stream and the potential for moderate capital appreciation, making it a suitable choice for those looking for a balance between risk and return within the corporate bond market.
The exposure characteristic of the iShares Intermediate-Term Corporate Bond ETF (IGIB) is centered on the investment-grade corporate bond market with a particular focus on bonds with a remaining maturity of greater than or equal to five years and less than ten years. IGIB tracks the ICE® BofA® 5-10 Year US Corporate Index, comprising both U.S. and non-U.S. issuers'' bonds denominated in U.S. dollars. As of February 28, 2023, this index included 2,634 issues, with a significant representation from the financials industry. The fund''s primary objective is to provide investors with exposure to the intermediate-term corporate bond segment while maintaining a weighted average maturity between three and ten years. For a deeper understanding of IGIB''s exposure and to explore its correlations and overlaps, ETF Insider offers a web app with comprehensive data and visualization tools for all US ETFs.
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