iShares® iBonds®

iShares iBonds ETFs provide efficient access to a diversified pool of investment-grade corporate credit in a bullet-maturity security.

What makes iShares iBonds unique? BlackRock and iShares combined two investment capabilities: indexing and risk analytics/credit monitoring.

iShares iBonds Defined Maturity Investment-Grade Corporate ETFs

Diversified pool of investment-grade corporate bonds

Access market yield and option-adjusted spread profile of investment-grade corporate markets in a term structure that facilitates asset-liability matching.

Manage potential interest rate risk by adding exposure to assets that derive their prices from factors other than just interest rates (e.g., credit spreads).

Liquidity profile of an ETF

Exchange-traded price transparency and transactional efficiency.

Accessing a large, diversified pool of corporate issuers in a single ETF security.

Full transparency into ETF holdings.

BlackRock Solutions® analytics and reporting

Reporting package designed with financial institutions in mind.

Robust range of fixed income market and credit risk analytics and measurements.

iShares iBonds Offering

These funds are covered by U.S. Patent No. 8,438,100 and 8,655,770.

SuitesMaturities

2016 2018 2020 2023
iShares iBonds Mar Corporate Term ETFs IBDA IBDB IBDC IBDD
iShares iBonds Mar Corporate ex-Financials Term ETFs IBCB IBCC IBCD IBCE

 

iShares with BlackRock is uniquely positioned to address the risk and asset management needs of financial institution investors.

  • Experience with financial institutions
    BlackRock is a market leader in solving complex problems for financial institutions through unbiased financial markets advice and project execution. BlackRock has managed or advised on over $8 trillion in financial institution asset and derivative portfolios.

  • Regulatory expertise
    Experience working with supervisory clients like the Federal Reserve Bank of New York and the FDIC.

  • Risk and investment Expertise
    Over $13 trillion of exposures are currently processed through the Aladdin® platform, which serves as the investment system and reporting analytics platform for BlackRock as well as for a large number of sophisticated institutional investors around the world.


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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.

Fixed income risks include interest-rate and credit risk. Typically, when interest rates rise, there is a corresponding decline in bond values. Credit risk refers to the possibility that the bond issuer will not be able to make principal and interest payments.

The iShares® iBonds® ETFs (“Funds”) will terminate on or about March 31 of the year in each Fund’s name. An investment in the Fund(s) is not guaranteed, and an investor may experience losses, including near or at the termination date. Unlike a direct investment in a bond that has a level coupon payment and a fixed payment at maturity, the Fund(s) will make distributions of income that vary over time. In the final months of each Fund’s operation, as the bonds it holds mature, its portfolio will transition to cash and cash-like instruments. As a result, its yield will tend to move toward prevailing money market rates, and may be lower than the yields of the bonds previously held by the Fund and lower than prevailing yields in the bond market.

Following the Fund’s termination date, the Fund will distribute substantially all of its net assets, after deduction of any liabilities, to then-current investors without further notice and will no longer be listed or traded. The Funds’ distributions and liquidation proceeds are not predictable at the time of investment and the Funds do not seek to return any predetermined amount.

The rate of Fund distribution payments may adversely affect the tax characterization of an investor’s returns from an investment in the Fund relative to a direct investment in bonds. If the amount an investor receives as liquidation proceeds upon the Fund’s termination is higher or lower than the investor’s cost basis, the investor may experience a gain or loss for tax purposes.

The strategies discussed are strictly for illustrative and educational purposes and are not a recommendation, offer or solicitation to buy or sell any securities or to adopt any investment strategy. There is no guarantee that any strategies discussed will be effective.

Diversification and asset allocation may not protect against market risk or loss of principal.

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

The iShares Funds are not sponsored, endorsed, issued, sold or promoted by Barclays, Bloomberg Finance L.P., Cohen & Steers Capital Management, Inc., European Public Real Estate Association (“EPRA® ”), FTSE International Limited (“FTSE”), India Index Services & Products Limited, Interactive Data, JPMorgan Chase & Co., Japan Exchange Group, MSCI Inc., Markit Indices Limited, Morningstar, Inc., The NASDAQ OMX Group, Inc., National Association of Real Estate Investment Trusts (“NAREIT”), New York Stock Exchange, Inc., Russell or S&P Dow Jones Indices LLC. None of these companies make any representation regarding the advisability of investing in the Funds. BlackRock is not affiliated with the companies listed above.


Neither FTSE nor NAREIT makes any warranty regarding the FTSE NAREIT Equity REITS Index, FTSE NAREIT All Residential Capped Index or FTSE NAREIT All Mortgage Capped Index; all rights vest in NAREIT. Neither FTSE nor NAREIT makes any warranty regarding the FTSE EPRA/NAREIT Developed Real Estate ex-U.S. Index, FTSE EPRA/NAREIT Developed Europe Index or FTSE EPRA/NAREIT Global REIT Index; all rights vest in FTSE, NAREIT and EPRA.“FTSE®” is a trademark of London Stock Exchange Group companies and is used by FTSE under license.

©2016 BlackRock, Inc. All rights reserved. BLACKROCK, BLACKROCK SOLUTIONS, BUILD ON BLACKROCK, ALADDIN, iSHARES, iBONDS, iTHINKING, iSHARES CONNECT, FUND FRENZY, LIFEPATH, SO WHAT DO I DO WITH MY MONEY, INVESTING FOR A NEW WORLD, BUILT FOR THESE TIMES, the iShares Core Graphic, CoRI and the CoRI logo are registered and unregistered trademarks of BlackRock, Inc., or its subsidiaries in the United States and elsewhere. All other marks are the property of their respective owners.

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