iShares iBonds Mar 2020 Term Corporate ex-Financials ETF (IBCD)
iShares iBonds Mar 2020 Term Corporate ex-Financials ETF operates in the Asset Management - Bonds industry of the Financial Services sector. The stock last traded at $24.55, up 0.06% on the session, giving a market capitalisation of $76.1M. Its beta of 0.08 implies it has historically moved less than the broad market.
This investment vehicle endeavors to replicate the performance of the Bloomberg Barclays 2020 Maturity High Quality Corporate Index. This benchmark is composed of investment-grade corporate bonds, denominated in U.S. dollars, which mature within the period of April 1, 2019, and March 31, 2020, and notably excludes issues from financial companies. The fund typically commits at least 90% of its portfolio to the underlying index's securities. For the remaining assets, up to 10% may be allocated to instruments like futures, options, and swap contracts, cash and equivalent holdings, or other securities not featured in the primary index.
iShares iBonds Mar 2020 Term Corporate ex-Financials ETF is most often compared with the following Financial Services names: