Fixed Income

IBDP

iBonds® Dec 2024 Term Corporate ETF

Overview

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Performance

Performance

Growth of Hypothetical $10,000

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Distributions

Record Date Ex-Date Payable Date
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Premium/Discount

  • Returns

  1y 3y 5y 10y Incept.
5.95 4.88 5.08 - 4.34
Market Price (%) 5.98 4.86 5.02 - 4.37
Benchmark (%) 6.15 5.02 5.27 - 4.52
After Tax Pre-Liq. (%) 4.74 3.55 3.69 - 2.99
After Tax Post-Liq. (%) 3.50 3.15 3.28 - 2.71
  YTD 1m 3m 6m 1y 3y 5y 10y Incept.
4.76 -0.18 1.12 8.68 5.95 15.38 28.09 - 26.63
Market Price (%) 4.79 -0.25 0.88 8.44 5.98 15.30 27.77 - 26.82
Benchmark (%) 4.96 -0.17 1.19 8.91 6.15 15.84 29.25 - 27.83
After Tax Pre-Liq. (%) 3.99 -0.26 0.86 8.09 4.74 11.04 19.89 - 17.77
After Tax Post-Liq. (%) 2.80 -0.11 0.66 5.13 3.50 9.74 17.49 - 16.02
  2015 2016 2017 2018 2019
Total Return (%) - 6.03 5.54 -1.09 10.88
Market Price (%) - 5.38 5.57 -1.29 10.95
Benchmark (%) - 6.32 5.68 -0.95 10.88
The performance quoted represents past performance and does not guarantee future results. Investment return and principal value of an investment will fluctuate so that an investor's shares, when sold or redeemed, may be worth more or less than the original cost. Current performance may be lower or higher than the performance quoted.
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Key Facts

Key Facts

Net Assets as of Nov 20, 2020 $1,058,318,505
Inception Date Mar 11, 2015
Exchange NYSE Arca
Asset Class Fixed Income
Benchmark Index Bloomberg Barclays December 2024 Maturity Corporate Index
Bloomberg Index Ticker BDMATRUU
Shares Outstanding as of Nov 20, 2020 40,050,000
Premium/Discount as of Nov 20, 2020 0.13%
CUSIP 46434VBG4
Closing Price as of Nov 20, 2020 26.46
Options Available No
30 Day Avg. Volume as of Nov 20, 2020 128,512.00
30 Day Median Bid/Ask Spread as of Nov 20, 2020 0.08%
Daily Volume as of Nov 20, 2020 111,808.00

Portfolio Characteristics

Portfolio Characteristics

Number of Holdings as of Nov 20, 2020 470
Equity Beta (3y) as of Oct 31, 2020 0.16
30 Day SEC Yield as of Nov 20, 2020 0.90%
Average Yield to Maturity as of Nov 20, 2020 0.93%
Standard Deviation (3y) as of Oct 31, 2020 5.09%
12m Trailing Yield as of Nov 20, 2020 2.63%
Weighted Avg Coupon as of Nov 20, 2020 3.54%
Effective Duration as of Nov 20, 2020 3.25 yrs
Weighted Avg Maturity as of Nov 20, 2020 3.43 yrs
Convexity as of Nov 20, 2020 0.12
Option Adjusted Spread as of Nov 20, 2020 68
This information must be preceded or accompanied by a current prospectus. For standardized performance, please see the Performance section above.

Sustainability Characteristics

Sustainability Characteristics

ESG metrics help investors evaluate companies based on environmental, social, and governance risks and opportunities — and the companies’ ability to manage them. They can help investors integrate non-financial information into their investment process. Learn more.

MSCI ESG Rating as of Nov 01, 2020 BBB
MSCI ESG Quality Score as of Nov 01, 2020 5.5
MSCI ESG Quality Score - Peer Percentile as of Nov 01, 2020 66.28%
MSCI ESG % Coverage as of Nov 01, 2020 99.09%
Fund Lipper Global Classification as of Nov 01, 2020 Bond USD Corporates
MSCI Weighted Average Carbon Intensity
(Tons CO2E/$M SALES) as of Nov 01, 2020
221.90
Fund Lipper Global Classification Size as of Nov 01, 2020 261
All data is from MSCI ESG Fund Ratings as of Nov 01, 2020, based on holdings as of Aug 31, 2020.

For newly launched funds, sustainability characteristics are typically available 6 months after launch.

 

Sustainability Characteristics are displayed for funds included in the MSCI ESG Fund Ratings. To be included in MSCI ESG Fund Ratings, 65% of the fund’s underlying holdings (excluding cash positions) must be covered by MSCI ESG Research, the fund’s holdings date must be less than one year old, and the fund must have at least ten securities.

 

Inclusion of Sustainability Characteristics is not indicative of a fund’s investment objective, nor is it an implication that a fund employs an ESG-related portfolio management strategy.

Fees

Fees

as of current prospectus
Management Fee 0.10%
Acquired Fund Fees and Expenses 0.00%
Foreign Taxes and Other Expenses 0.00%
Expense Ratio 0.10%

Holdings

Holdings

as of Nov 20, 2020
Issuer Weight (%)
BANK OF AMERICA CORP 1.89
GOLDMAN SACHS GROUP INC/THE 1.70
JPMORGAN CHASE & CO 1.62
APPLE INC 1.56
MORGAN STANLEY 1.52
Issuer Weight (%)
WELLS FARGO & COMPANY 1.48
INTERNATIONAL BUSINESS MACHINES CORP 1.25
COMCAST CORPORATION 1.25
AMERICAN EXPRESS COMPANY 1.24
ABBVIE INC 1.13
Name Sector Asset Class Market Value Weight (%) Notional Value Par Value CUSIP ISIN SEDOL Price Location Exchange Currency Duration YTM (%) FX Rate Maturity Coupon (%) Mod. Duration Yield to Call (%) Yield to Worst (%) Real Duration Real YTM (%) Market Currency
Holdings are subject to change.

Non-U.S. securities whose values are affected by volatility that occurs in global markets or in related or highly correlated assets (e.g., American Depositary Receipts, Global Depositary Receipts or substantially identical ETFs) on a trading day after the close of non-U.S. securities markets may be fair valued. On days where non-U.S. securities markets are closed, BlackRock Fund Advisors, an affiliate of BlackRock Investments, LLC, will determine the fair value of the stocks traded on that local market, in accordance with policies and procedures approved by the Fund’s Board of Directors/Trustees. Fair value adjustments may be calculated by referring to instruments and markets that have continued to trade, such as exchange-traded funds, correlated stock market indices or index futures. Please see the Determination of Net Asset Value section of each Fund’s prospectus for additional information on the Fund’s valuation policies and procedures.

Exposure Breakdowns

Exposure Breakdowns

as of Nov 20, 2020

% of Market Value

Type Fund
The maturity breakdown above is based on Weighted Average Life (WAL). WAL is the average length of time to the repayment of principal for the securities in the fund. This metric considers the likelihood that bonds will be called or prepaid before the scheduled maturity date.

as of Nov 20, 2020

% of Market Value

Type Fund
as of Nov 20, 2020

% of Market Value

Type Fund
Credit quality ratings on underlying securities of the fund are received from S&P, Moody’s and Fitch and converted to the equivalent S&P major rating category. This breakdown is provided by BlackRock and takes the median rating of the three agencies when all three agencies rate a security, the lower of the two ratings if only two agencies rate a security, and one rating if that is all that is provided. Unrated securities do not necessarily indicate low quality. Below investment-grade is represented by a rating of BB and below. Ratings and portfolio credit quality may change over time.
Allocations are subject to change.

Estimated Net Acquisition Yield Calculator

Estimated Net Acquisition Yield Calculator

Calculate the Estimated Net Acquisition Yield (ENA Yield) based on the projected market purchase price that you input. This estimate also reflects the deduction of the expense ratio (10 basis points).
The NAV (as of Nov 20, 2020) used in the calculation is $26.42. The value you enter should correspond to your estimated market purchase price as of Nov 20, 2020.
Please note that the results generated by the Estimated Net Acquisition Yield Calculator are for illustrative purposes only and are not representative of any specific investment outcome.
The Average Yield to Maturity shown is the weighted average yield to maturity of the individual bonds. During the final year of the fund's life, the underlying bonds will mature and the proceeds will be held in cash equivalents until the liquidation of the fund. The investor's total realized yield to fund maturity will be influenced by the yield earned on these proceeds during the final year. If the future yield on cash equivalents is lower than the current Average Yield to Maturity for the portfolio’s bonds, the realized yield to fund maturity is also expected to be lower and vice versa.
Please input an amount less than $20,000

Literature

Literature

 

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