IGSB ISSUER
The iShares Short-Term Corporate Bond ETF (IGSB) is managed by BlackRock, Inc., a global leader in investment management and one of the largest ETF providers in the world. The fund seeks to track the performance of the ICE® BofA® 1-5 Year US Corporate Index, which measures the performance of investment-grade corporate bonds of both U.S. and non-U.S. issuers. As of February 28, 2023, the Underlying Index consisted of 3,667 issues, with a significant portion represented by financial sector securities. BlackRock employs an indexing approach for IGSB, aiming to provide investors with low-cost exposure to short-term investment-grade corporate bonds, making it a suitable choice for those seeking a conservative fixed income investment.
IGSB DIVIDEND
The iShares Short-Term Corporate Bond ETF (IGSB) provides investors with a dividend distribution that aligns with its portfolio of short-term corporate bonds. Dividends from IGSB are generally distributed on a monthly basis, making it an attractive choice for income-seeking investors. The eligibility for these dividends is contingent upon holding shares of the ETF during the record date, and the amount distributed is determined by the interest income earned from the underlying bonds held within the fund's portfolio. IGSB's dividend policies are designed to provide a consistent stream of income while maintaining relatively low volatility, making it a popular choice for those looking for stability in their investment returns.
IGSB TRACKING
The iShares iBoxx $ Investment Grade Corporate Bond ETF (IGSB) primarily seeks to track the investment results of the ICE® BofA® 1-5 Year US Corporate Index. This index measures the performance of investment-grade corporate bonds issued by both U.S. and non-U.S. entities, denominated in U.S. dollars, and publicly issued in the U.S. domestic market, with remaining maturities of one year or more but less than five years. As of February 28, 2023, the Underlying Index consisted of 3,667 issues, with a significant representation from the financials industry. The fund employs an indexing approach, aiming to replicate the index's performance by investing in a representative sample of securities with similar characteristics. It also maintains a weighted average maturity of less than or equal to three years and typically invests at least 80% of its assets in component securities of the Underlying Index, helping investors gain exposure to a diversified portfolio of short- to intermediate-term investment-grade corporate bonds.
IGSB CORRELATION
The correlation aspect of the iShares Short-Term Corporate Bond ETF (IGSB) is vital for understanding its behavior in relation to the U.S. corporate bond market. IGSB seeks to track the ICE® BofA® 1-5 Year US Corporate Index, which comprises investment-grade corporate bonds with short to intermediate maturities. Due to its focus on high-quality corporate bonds, IGSB tends to have a low correlation with the broader equity market but a strong correlation with the corporate bond market. Investors often turn to IGSB for stability and income generation within their portfolios.
IGSB SECTOR
The iShares iBoxx $ Investment Grade Corporate Bond ETF (IGSB) primarily invests in investment-grade corporate bonds, both from U.S. and non-U.S. issuers, denominated in U.S. dollars and publicly issued in the U.S. domestic market, with remaining maturities of greater than or equal to one year and less than five years. As of February 28, 2023, a significant portion of the Underlying Index is represented by securities in the financials industry or sector. The ETF aims to provide investors with exposure to a diversified portfolio of high-quality corporate bonds, offering a relatively stable income stream and potential for capital preservation, making it an attractive option for those seeking fixed income investments with moderate risk.
IGSB EXPOSURE
The iShares iBoxx Investment Grade Corporate Bond ETF (IGSB) primarily focuses on providing exposure to the investment-grade corporate bond market. It seeks to track the performance of the iBoxx USD Investment Grade Corporate Bond Index, offering investors an opportunity to gain exposure to a diversified basket of high-quality corporate bonds. This ETF's exposure is centered on U.S. and foreign issuers, making it a suitable choice for those looking to add investment-grade corporate bonds to their portfolio. For in-depth insights into IGSB's exposure, including sector allocations, credit quality, and more, investors can leverage ETF Insider's web app and visualization tools to uncover detailed information and correlations within the investment-grade corporate bond market.