Fixed Income

IBDT

iShares® iBonds® Dec 2028 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.
8.36 - - - 11.43
Market Price (%) 8.27 - - - 11.47
Benchmark (%) 8.33 - - - 11.44
After Tax Pre-Liq. (%) 7.05 - - - 9.88
After Tax Post-Liq. (%) 4.91 - - - 8.10
  YTD 1m 3m 6m 1y 3y 5y 10y Incept.
7.22 -0.12 2.04 13.15 8.36 - - - 24.65
Market Price (%) 7.01 -0.39 1.50 12.83 8.27 - - - 24.74
Benchmark (%) 7.18 -0.11 2.04 13.02 8.33 - - - 24.64
After Tax Pre-Liq. (%) 6.33 -0.21 1.75 12.44 7.05 - - - 21.15
After Tax Post-Liq. (%) 4.25 -0.07 1.20 7.77 4.91 - - - 17.17
  2015 2016 2017 2018 2019
Total Return (%) - - - - 15.52
Market Price (%) - - - - 15.00
Benchmark (%) - - - - 15.53
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 Dec 03, 2020 $211,332,402
Inception Date Sep 18, 2018
Exchange NYSE Arca
Asset Class Fixed Income
Benchmark Index Bloomberg Barclays December 2028 Maturity Corporate Index
Bloomberg Index Ticker I33532US
Shares Outstanding as of Dec 03, 2020 7,200,000
Premium/Discount as of Dec 03, 2020 0.10%
CUSIP 46435U515
Closing Price as of Dec 04, 2020 29.42
Options Available No
30 Day Avg. Volume as of Dec 03, 2020 51,488.00
30 Day Median Bid/Ask Spread as of Dec 03, 2020 0.27%
Daily Volume as of Dec 04, 2020 39,145.00

Portfolio Characteristics

Portfolio Characteristics

Number of Holdings as of Dec 03, 2020 297
Equity Beta (3y) as of - -
30 Day SEC Yield as of Dec 03, 2020 1.66%
Average Yield to Maturity as of Dec 03, 2020 1.66%
Standard Deviation (3y) as of - -
12m Trailing Yield as of Dec 03, 2020 2.85%
Weighted Avg Coupon as of Dec 03, 2020 4.06%
Effective Duration as of Dec 03, 2020 6.43 yrs
Weighted Avg Maturity as of Dec 03, 2020 7.28 yrs
Convexity as of Dec 03, 2020 0.45
Option Adjusted Spread as of Dec 03, 2020 99
This information must be preceded or accompanied by a current prospectus. For standardized performance, please see the Performance section above.

Sustainability Characteristics

Sustainability Characteristics

Sustainability Characteristics can help investors integrate non-financial, sustainability considerations into their investment process. These metrics enable investors to evaluate funds based on their environmental, social, and governance (ESG) risks and opportunities. This analysis can provide insight into the effective management and long-term financial prospects of a fund. Learn more.


The metrics below have been provided for transparency and informational purposes only. The existence of an ESG rating is not indicative of how or whether ESG factors will be integrated into a fund. The metrics are based on MSCI ESG Fund Ratings and, unless otherwise stated in fund documentation and included within a fund’s investment objective, do not change a fund’s investment objective or constrain the fund’s investable universe, and there is no indication that an ESG or Impact focused investment strategy or exclusionary screens will be adopted by a fund. For more information regarding a fund's investment strategy, please see the fund's prospectus.


Review the MSCI methodology behind Sustainability Characteristics, using links below.

MSCI ESG Fund Rating (AAA-CCC) as of Nov 01, 2020 BBB
MSCI ESG Quality Score (0-10) as of Nov 01, 2020 5.4
MSCI ESG Quality Score - Peer Percentile as of Nov 01, 2020 60.15%
MSCI ESG % Coverage as of Nov 01, 2020 98.01%
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 313.24
Funds in Peer Group 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. As such, the fund’s sustainable characteristics may differ from MSCI ESG Fund Ratings from time to time.

To be included in MSCI ESG Fund Ratings, 65% of the fund’s gross weight must come from securities covered by MSCI ESG Research (certain cash positions and other asset types deemed not relevant for ESG analysis by MSCI are removed prior to calculating a fund’s gross weight; the absolute values of short positions are included but treated as uncovered), the fund’s holdings date must be less than one year old, and the fund must have at least ten securities. For newly launched funds, sustainability characteristics are typically available 6 months after launch.

 

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.

Business Involvement

Business Involvement

Business Involvement metrics can help investors gain a more comprehensive view of specific activities in which a fund may be exposed through its investments.


Business Involvement metrics are not indicative of a fund’s investment objective, and, unless otherwise stated in fund documentation and included within a fund’s investment objective, do not change a fund’s investment objective or constrain the fund’s investable universe, and there is no indication that an ESG or Impact focused investment strategy or exclusionary screens will be adopted by a fund. For more information regarding a fund's investment strategy, please see the fund's prospectus.


Review the MSCI methodology behind the Business Involvement metrics, using links below.

MSCI - Controversial Weapons as of Dec 03, 2020 1.75%
MSCI - UN Global Compact Violators as of Dec 03, 2020 2.38%
MSCI - Nuclear Weapons as of Dec 03, 2020 0.50%
MSCI - Thermal Coal as of Dec 03, 2020 0.00%
MSCI - Civilian Firearms as of Dec 03, 2020 0.75%
MSCI - Oil Sands as of Dec 03, 2020 0.00%
MSCI - Tobacco as of Dec 03, 2020 0.99%

Business Involvement Coverage as of Dec 03, 2020 99.24%
Percentage of Fund not covered as of Dec 03, 2020 0.76%
BlackRock business involvement exposures as shown above for Thermal Coal and Oil Sands are calculated and reported for companies that generate more than 5% of revenue from thermal coal or oil sands as defined by MSCI ESG Research. For the exposure to companies that generate any revenue from thermal coal or oil sands (at a 0% revenue threshold), as defined by MSCI ESG Research, it is as follows: Thermal Coal 0.29% and for Oil Sands 1.00%.

Business Involvement metrics are calculated by BlackRock using data from MSCI ESG Research which provides a profile of each company’s specific business involvement. BlackRock leverages this data to provide a summed up view across holdings and translates it to a fund's market value exposure to the listed Business Involvement areas above.


Business Involvement metrics are designed only to identify companies where MSCI has conducted research and identified as having involvement in the covered activity. As a result, it is possible there is additional involvement in these covered activities where MSCI does not have coverage. This information should not be used to produce comprehensive lists of companies without involvement. Business Involvement metrics are only displayed if at least 1% of the fund’s gross weight includes securities covered by MSCI ESG Research.

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 Dec 03, 2020
Issuer Weight (%)
CVS HEALTH CORP 2.92
COMCAST CORPORATION 2.51
AT&T INC 1.80
VERIZON COMMUNICATIONS INC 1.69
CIGNA CORP 1.68
Issuer Weight (%)
RAYTHEON TECHNOLOGIES CORPORATION 1.45
BARCLAYS PLC 1.32
VODAFONE GROUP PLC 1.23
LLOYDS BANKING GROUP PLC 1.19
BP CAPITAL MARKETS AMERICA INC 1.15
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 Dec 03, 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 Dec 03, 2020

% of Market Value

Type Fund
as of Dec 03, 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 Dec 03, 2020) used in the calculation is $29.35. The value you enter should correspond to your estimated market purchase price as of Dec 03, 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

The ENA Yield metric does not include the impact of cash reinvestment rates (e.g., during the final year prior to maturity), potential losses arising from credit downgrades or defaults, or changes to the portfolio composition over time.

The Estimated Net Acquisition Yield is an annualized number. For periods less than one year, the yield adjustment will be magnified for a given change in price. This effect will increase as the fund approaches maturity.

Literature

Literature

 

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