Fixed Income

IBTB

iShares® iBonds® Dec 2022 Term Treasury ETF

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  • NAV as of Jul 30, 2021 $25.42
    52 WK: 25.40 - 25.60
  • 1 Day NAV Change as of Jul 30, 2021 0.00 (-0.01%)
  • NAV Total Return as of Jul 29, 2021 YTD: 0.07%
  • Fees as stated in the prospectus Expense Ratio: 0.07%

Overview

Why IBTB?

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, 2022 and December 15, 2022 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.


The legal name of this fund is the iShares® iBonds® Dec 2022 Term Treasury ETF.

INVESTMENT OBJECTIVE

The iShares iBonds Dec 2022 Term Treasury ETF seeks to track the investment results of an index composed of U.S. Treasury bonds maturing in 2022.


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

Performance chart data not available for display.
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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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Distributions Schedule
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 (%) 0.13 - - - 1.85
Market Price (%) 0.09 - - - 1.85
Benchmark (%) 0.20 - - - 1.93
After Tax Pre-Liq. (%) -0.21 - - - 1.53
After Tax Post-Liq. (%) 0.08 - - - 1.28
  YTD 1m 3m 6m 1y 3y 5y 10y Incept.
Total Return (%) 0.02 -0.04 0.01 0.02 0.13 - - - 2.50
Market Price (%) -0.02 -0.08 -0.03 -0.02 0.09 - - - 2.50
Benchmark (%) 0.04 -0.01 0.02 0.04 0.20 - - - 2.60
After Tax Pre-Liq. (%) 0.00 -0.04 0.00 0.00 -0.21 - - - 2.06
After Tax Post-Liq. (%) 0.01 -0.02 0.00 0.01 0.08 - - - 1.72
  2016 2017 2018 2019 2020
Total Return (%) - - - - -
Market Price (%) - - - - -
Benchmark (%) - - - - -
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 Jul 30, 2021 $74,986,786
Inception Date Feb 25, 2020
Exchange NASDAQ
Asset Class Fixed Income
Benchmark Index ICE 2022 Maturity US Treasury Index (4PM)
Bloomberg Index Ticker G22Q4PM
Shares Outstanding as of Jul 30, 2021 2,950,000
Premium/Discount as of Jul 30, 2021 0.02%
CUSIP 46436E809
Closing Price as of Jul 30, 2021 25.43
30 Day Avg. Volume as of Jul 30, 2021 3,900.00
30 Day Median Bid/Ask Spread as of Jul 30, 2021 0.04%
Daily Volume as of Jul 30, 2021 509.00

Portfolio Characteristics

Portfolio Characteristics

Number of Holdings as of Jul 29, 2021 15
Equity Beta (3y) as of - -
30 Day SEC Yield as of Jul 29, 2021 0.03%
Average Yield to Maturity as of Jul 29, 2021 0.08%
Standard Deviation (3y) as of - -
12m Trailing Yield as of Jul 29, 2021 0.42%
Weighted Avg Coupon as of Jul 29, 2021 1.70%
Effective Duration as of Jul 29, 2021 0.89 yrs
Weighted Avg Maturity as of Jul 29, 2021 0.90 yrs
Convexity as of Jul 29, 2021 0.01
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 Jul 07, 2021 A
MSCI ESG Quality Score (0-10) as of Jul 07, 2021 6.1
MSCI ESG Quality Score - Peer Percentile as of Jul 07, 2021 80.00%
MSCI ESG % Coverage as of Jul 07, 2021 100.00%
Fund Lipper Global Classification as of Jul 07, 2021 Bond USD Government Short Term
MSCI Weighted Average Carbon Intensity (Tons CO2E/$M SALES) as of - -
Funds in Peer Group as of Jul 07, 2021 50
All data is from MSCI ESG Fund Ratings as of Jul 07, 2021, based on holdings as of May 31, 2021. 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.

Fees

Fees

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

Holdings

Holdings

as of Jul 29, 2021
Issuer Weight (%)
UNITED STATES TREASURY 98.51
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 Effective Date Accrual 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”). 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 Jul 29, 2021

% 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 Jul 29, 2021

% of Market Value

Type Fund
as of Jul 29, 2021

% 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 Jul 30, 2021) used in the calculation is $25.42. The value you enter should correspond to your estimated market purchase price as of Jul 30, 2021.
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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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.

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”).

©2019 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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