Fixed Income

IBTH

iShares® iBonds® Dec 2027 Term Treasury ETF

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  • NAV as of Dec 12, 2024 $22.24
    52 WK: 21.81 - 22.69
  • 1 Day NAV Change as of Dec 12, 2024 -0.02 (-0.08%)
  • NAV Total Return as of Dec 11, 2024 YTD: 3.25%
  • Fees as stated in the prospectus Expense Ratio: 0.07%

Overview

Why IBTH?

1. Provides access to a portfolio of U.S. Treasury bonds. Get exposure to a portfolio of U.S. Treasury bonds maturing between January 1, 2027 and December 15, 2027 through a single ticker.

 

2. Designed to mature like a bond, trade like a stock. Combine the defined maturity and regular income distribution characteristics of a bond with the transparency and tradability of a stock.

 

3. Built to help investors achieve multiple objectives. Use to seek income and stability with U.S. Treasury bonds, build a bond ladder, and manage interest rate risk.

INVESTMENT OBJECTIVE

The iShares iBonds Dec 2027 Term Treasury ETF seeks to track the investment results of an index composed of U.S. Treasury bonds maturing in 2027.


This Fund is covered by U.S. Patent Nos. 8,438,100 and 8,655,770.

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Performance

Performance

Growth of Hypothetical $10,000

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The Hypothetical Growth of $10,000 chart reflects a hypothetical $10,000 investment and assumes reinvestment of dividends and capital gains. Fund expenses, including management fees and other expenses were deducted.

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, and numbers may reflect small variances due to rounding. Standardized performance and performance data current to the most recent month end may be found in the Performance section.

Distributions

Record Date Ex-Date Payable Date
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Record Date Ex-Date Payable Date Total Distribution Income ST Cap Gains LT Cap Gains Return of Capital

Premium/Discount

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  1y 3y 5y 10y Incept.
Total Return (%) 7.81 -0.97 - - -0.13
Market Price (%) 7.75 -0.99 - - -0.13
Benchmark (%) 7.87 -0.95 - - -0.09
After Tax Pre-Liq. (%) 6.10 -2.12 - - -0.98
After Tax Post-Liq. (%) 4.58 -1.23 - - -0.46
  YTD 1m 3m 6m 1y 3y 5y 10y Incept.
Total Return (%) 3.93 0.89 3.60 4.32 7.81 -2.89 - - -0.62
Market Price (%) 3.88 0.87 3.58 4.26 7.75 -2.94 - - -0.58
Benchmark (%) 3.97 0.90 3.61 4.35 7.87 -2.83 - - -0.40
After Tax Pre-Liq. (%) 2.79 0.75 3.17 3.46 6.10 -6.23 - - -4.41
After Tax Post-Liq. (%) 2.30 0.53 2.12 2.54 4.58 -3.65 - - -2.10
  2019 2020 2021 2022 2023
Total Return (%) - - -3.46 -9.79 4.38
Market Price (%) - - -3.43 -9.73 4.36
Benchmark (%) - - -3.38 -9.70 4.27
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 of Fund
as of Dec 12, 2024
$1,137,766,761
Exchange
NASDAQ
Benchmark Index
ICE 2027 Maturity US Treasury Index (USD)
Shares Outstanding
as of Dec 12, 2024
51,150,000
Premium/Discount
as of Dec 11, 2024
0.06%
Closing Price
as of Dec 11, 2024
22.27
30 Day Median Bid/Ask Spread
as of Dec 11, 2024
0.04%
Fund Launch Date
Feb 25, 2020
Asset Class
Fixed Income
Bloomberg Index Ticker
G27Q
Distribution Frequency
Monthly
CUSIP
46436E841
30 Day Avg. Volume
as of Dec 11, 2024
273,839.00
Daily Volume
as of Dec 11, 2024
285,182.00

Portfolio Characteristics

Portfolio Characteristics

Number of Holdings
as of Dec 11, 2024
29
30 Day SEC Yield
as of Dec 11, 2024
4.17%
Standard Deviation (3y)
as of Oct 31, 2024
5.25%
Weighted Avg Coupon
as of Dec 11, 2024
2.45
Effective Duration
as of Dec 11, 2024
2.41 yrs
Option Adjusted Spread
as of Dec 11, 2024
0.20 bps
Equity Beta (3y)
as of Oct 31, 2024
0.17
12m Trailing Yield
as of Dec 11, 2024
4.00%
Average Yield to Maturity
as of Dec 11, 2024
4.15%
Weighted Avg Maturity
as of Dec 11, 2024
2.54 yrs
Convexity
as of Dec 11, 2024
0.07
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 provide investors with specific non-traditional metrics. Alongside other metrics and information, these enable investors to evaluate funds on certain environmental, social and governance characteristics. Sustainability Characteristics do not provide an indication of current or future performance nor do they represent the potential risk and reward profile of a fund. They are provided for transparency and for information purposes only. Sustainability Characteristics should not be considered solely or in isolation, but instead are one type of information that investors may wish to consider when assessing a fund. Learn more

This fund does not seek to follow a sustainable, impact or ESG investment strategy. The metrics do not change the fund’s investment objective or constrain the fund’s investable universe, and there is no indication that a sustainable, impact or ESG investment strategy will be adopted by the fund. For more information regarding the fund's investment strategy, please see the fund's prospectus.

Review the MSCI methodologies behind Sustainability Characteristics using the links below.

MSCI ESG Fund Rating (AAA-CCC)
as of Nov 21, 2024
A
MSCI ESG Quality Score (0-10)
as of Nov 21, 2024
5.9
Fund Lipper Global Classification
as of Nov 21, 2024
Bond USD Government
MSCI Weighted Average Carbon Intensity (Tons CO2E/$M SALES)
as of -
-
MSCI ESG % Coverage
as of Nov 21, 2024
99.50%
MSCI ESG Quality Score - Peer Percentile
as of Nov 21, 2024
86.01%
Funds in Peer Group
as of Nov 21, 2024
193
MSCI Weighted Average Carbon Intensity % Coverage
as of Nov 21, 2024
0.00%
All data is from MSCI ESG Fund Ratings as of Nov 21, 2024, based on holdings as of Oct 31, 2024. 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% (or 50% for bond funds and money market funds) of the fund’s gross weight must come from securities with ESG coverage 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.

Fees

Fees

as of current prospectus
Management Fee 0.07%
Acquired Fund Fees and Expenses 0.00%
Other Expenses 0.00%
Expense Ratio 0.07%

The amounts shown above are as of the current prospectus, but may not include extraordinary expenses incurred by the Fund over the past fiscal year. Amounts are rounded to the nearest basis point, which in some cases may be "0.00".

Ratings

Holdings

Holdings

as of Dec 11, 2024
Issuer Weight (%)
UNITED STATES TREASURY 99.59
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 Accrual Date Effective Date
Detailed Holdings and Analytics
Holdings are subject to change.



The values shown for “market value,” “weight,” and “notional value” (the “calculated values”) are based off of a price provided by a third-party pricing vendor for the portfolio holding and do not reflect the impact of systematic fair valuation (“the vendor price”). The vendor price is not necessarily the price at which the Fund values the portfolio holding for the purposes of determining its net asset value (the “valuation price”). Holdings data shown reflects the investment book of record, which may differ from the accounting book of record used for the purposes of determining the Net Assets of the Fund. Additionally, where applicable, foreign currency exchange rates with respect to the portfolio holdings denominated in non-U.S. currencies for the valuation price will be generally determined as of the close of business on the New York Stock Exchange, whereas for the vendor price will be generally determined as of 4 p.m. London. The calculated values may have been different if the valuation price were to have been used to calculate such values. The vendor price is as of the most recent date for which a price is available and may not necessarily be as of the date shown above.

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 11, 2024

% of Market Value

Type Fund
as of Dec 11, 2024

% 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 11, 2024

% 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 (7 basis points).
The NAV (as of Dec 12, 2024) used in the calculation is $22.24. The value you enter should correspond to your estimated market purchase price as of Dec 12, 2024.
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.

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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Carefully consider the Funds' investment objectives, risk factors, and charges and expenses before investing. This and other information can be found in the Funds' prospectuses or, if available, the summary prospectuses, which may be obtained by visiting the iShares ETF and BlackRock Fund prospectus pages. Read the prospectus carefully before investing. Investing involves risk, including possible loss of principal.

Any links to third-party websites are provided for use at your own discretion. Each third party is solely responsible for the content presented and availability of its website. BlackRock does not control, monitor or maintain third-party websites, their content or the products/services they offer. Content may change without notice. When you leave BlackRock’s website and enter a third-party website, you will be subject to that site’s terms, policies and/or notices, including those related to privacy and security, as applicable. Please review those policies and notices on the third-party website.

Before engaging Fidelity or any broker-dealer, you should evaluate the overall fees and charges of the firm as well as the services provided. Free commission offer applies to online purchases of select iShares ETFs in a Fidelity account. The sale of ETFs is subject to an activity assessment fee (from $0.01 to $0.03 per $1,000 of principal). For iShares ETFs, Fidelity receives compensation from the ETF sponsor and/or its affiliates in connection with an exclusive long-term marketing program that includes promotion of iShares ETFs and inclusion of iShares funds in certain Fidelity Brokerage Services platforms and investment programs. Please note, this security will not be marginable for 30 days from the settlement date, at which time it will automatically become eligible for margin collateral. Additional information about the sources, amounts, and terms of compensation can be found in the ETF’s prospectus and related documents. Fidelity may add or waive commissions on ETFs without prior notice.

The Funds are distributed by BlackRock Investments, LLC (together with its affiliates, “BlackRock”).

©2024 BlackRock, Inc or its affiliates. All Rights Reserved. BLACKROCK, iSHARES, iBONDS, LIFEPATH, ALADDIN and the iShares Core Graphic are trademarks of BlackRock, Inc. or its affiliates. All other trademarks are those of their respective owners.

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