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Fixed Income

IBDT

iShares® iBonds® Dec 2028 Term Corporate ETF

Overview

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Performance

Performance

  • Returns

  YTD 1m 3m 6m 1y 3y 5y 10y Incept.
5.82 2.83 5.82 6.16 - - - - 6.50
Market Price (%) Market price return represents changes to the midpoint price and accounts for distributions from the fund. The midpoint is the average of the bid-ask prices at 4:00 PM ET (when NAV is normally determined for most funds). 5.57 2.89 5.57 6.21 - - - - 7.02
Benchmark (%) Index: - 5.76 2.82 5.76 6.18 - - - - 6.45
After Tax Pre-Liq. (%) Return after taxes on distributions. Assumes fund shares have not been sold. 5.45 2.65 5.45 5.15 - - - - 5.49
After Tax Post-Liq. (%) Return after taxes on distributions and sale of fund shares. 3.44 1.67 3.44 3.61 - - - - 3.81
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.

Growth of Hypothetical $10,000 The growth of hypothetical $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.

Performance chart data not available for display.
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Distributions

Ex-Date Total Distribution Income
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Key Facts

Key Facts

Portfolio Characteristics

Portfolio Characteristics

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 material, non-financial information into their investment process. Learn more.

MSCI ESG % Coverage Percent by weight of a fund's holdings that have ESG Data. as of May 21, 2019 96.55%
Fund Lipper Global Classification The fund peer group as defined by the Lipper Global Classification. as of May 21, 2019 Bond USD Corporates
All data is from MSCI Fund Metrics as of May 21, 2019, based on holdings as of Mar 31, 2019.

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

 

To be included in MSCI ESG Fund Metrics, 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.

Holdings

Holdings

as of May 23, 2019
Issuer Weight (%)
CVS HEALTH CORP 2.99
COMCAST CORPORATION 2.98
VERIZON COMMUNICATIONS INC 1.69
CIGNA CORP 1.62
UNITED TECHNOLOGIES CORPORATION 1.50
Issuer Weight (%)
VODAFONE GROUP PLC 1.29
LLOYDS BANKING GROUP PLC 1.18
CITIGROUP INC 1.10
MITSUBISHI UFJ FINANCIAL GROUP INC 1.09
DOWDUPONT INC 1.09
ISIN Name Sector SEDOL Shares Market Value Weight (%) Price Exchange Maturity Coupon (%) Duration Notional Value YTM (%) Yield to Worst (%) Par Value
Name Asset Class Weight (%) Price Market Value Notional Value Sector SEDOL ISIN Coupon (%) Maturity YTM (%) Yield to Worst (%) Duration Par Value
Holdings are subject to change.

Exposure Breakdowns

Exposure Breakdowns

as of May 23, 2019

% of Market Value

Type Fund
as of May 23, 2019

% 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 May 23, 2019

% 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.

Price Yield Calculator

Price Yield Calculator

The calculator provides clients with an indication of an ETF's yield and duration for a given market price. The ACF Yield is the discount rate that equates the ETF's aggregate cash flows (i.e., the sum of the cash flows of the ETF's holdings) to a given ETF price. The cash flows are based on the yield to worst methodology in which a bond's cash flows are assumed to occur at the call date (if applicable) or maturity, whichever results in the lowest yield for that bond holding. For a given ETF price, this calculator will estimate the corresponding ACF Yield and spread to the relevant government reference security yield. Note that the ACF Yield will differ from the ETF's "Weighted Avg YTM For more information on Aggregate Cash Flow Yield, see info here. The Aggregate Cash Flow (“ACF”) Yield is the discount rate that equates the aggregate cash flows of the ETF's individual fund holdings (specifically the cash flows corresponding to the lower of the yield to call or yield to maturity of a given security) to a stated market price. In contrast, the weighted average yield to maturity is a market value weighted average of the yields of the ETF's individual holdings based on the prior day's net asset value. The ACF Yield allows an investor to compare the yield and spread for varying ETF market prices in order to help understand the impact of intraday market movements. The ACF of the ETF is the sum of the individual bond cash flows “to worst” (i.e. either to call or to maturity, whichever results in the lowest yield for the ETF). The ACF Yield does not make any adjustments based on the cost incurred to acquire an ETF or the impact of the ETF’s management fee.

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 May 24, 2019) used in the calculation is $26.18. The value you enter should correspond to your estimated market purchase price as of May 24, 2019.
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.

Literature

Literature

 

How to Buy iShares ETFs

How to Buy iShares ETFs

There are many ways to access iShares ETFs. Learn how you can add them to your portfolio.