Fixed Income

IBTD

iShares® iBonds® Dec 2023 Term Treasury 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

  1y 3y 5y 10y Incept.
-0.07 - - - 2.02
Market Price (%) -0.07 - - - 2.04
Benchmark (%) -0.02 - - - 2.08
After Tax Pre-Liq. (%) -0.22 - - - 1.84
After Tax Post-Liq. (%) -0.04 - - - 1.47
  YTD 1m 3m 6m 1y 3y 5y 10y Incept.
-0.13 -0.06 0.10 0.04 -0.07 - - - 3.25
Market Price (%) -0.10 -0.10 0.10 0.04 -0.07 - - - 3.29
Benchmark (%) -0.07 -0.07 0.09 0.05 -0.02 - - - 3.34
After Tax Pre-Liq. (%) -0.21 -0.07 0.07 -0.01 -0.22 - - - 2.97
After Tax Post-Liq. (%) -0.08 -0.03 0.06 0.03 -0.04 - - - 2.36
  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 of Fund as of Oct 19, 2021 $63,948,245
Fund Inception Feb 25, 2020
Exchange NASDAQ
Asset Class Fixed Income
Benchmark Index ICE 2023 Maturity US Treasury Index (4PM)
Bloomberg Index Ticker G23Q4PM
Shares Outstanding as of Oct 19, 2021 2,500,000
Distribution Frequency -
Premium/Discount as of Oct 19, 2021 0.02%
CUSIP 46436E882
Closing Price as of Oct 19, 2021 25.59
30 Day Avg. Volume as of Oct 19, 2021 4,989.00
30 Day Median Bid/Ask Spread as of Oct 19, 2021 0.04%
Daily Volume as of Oct 19, 2021 2,200.00

Portfolio Characteristics

Portfolio Characteristics

Number of Holdings as of Oct 19, 2021 11
Equity Beta (3y) as of - -
30 Day SEC Yield as of Oct 18, 2021 0.20%
Average Yield to Maturity as of Oct 18, 2021 0.37%
Standard Deviation (3y) as of - -
12m Trailing Yield as of Oct 18, 2021 0.33%
Weighted Avg Coupon as of Oct 18, 2021 2.60%
Weighted Avg Maturity as of Oct 18, 2021 1.72 yrs
Effective Duration as of Oct 18, 2021 1.67 yrs
Convexity as of Oct 18, 2021 0.04
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 Oct 07, 2021 A
MSCI ESG Quality Score (0-10) as of Oct 07, 2021 6.1
MSCI ESG Quality Score - Peer Percentile as of Oct 07, 2021 75.47%
MSCI ESG % Coverage as of Oct 07, 2021 100.00%
Fund Lipper Global Classification as of Oct 07, 2021 Bond USD Government Short Term
MSCI Weighted Average Carbon Intensity (Tons CO2E/$M SALES) as of - -
Funds in Peer Group as of Oct 07, 2021 53
All data is from MSCI ESG Fund Ratings as of Oct 07, 2021, based on holdings as of Aug 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%

Ratings

Holdings

Holdings

as of Oct 18, 2021
Issuer Weight (%)
UNITED STATES TREASURY 99.42
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
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 Oct 18, 2021

% of Market Value

Type Fund
as of Oct 18, 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 Oct 18, 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 Oct 19, 2021) used in the calculation is $25.58. The value you enter should correspond to your estimated market purchase price as of Oct 19, 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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