iShares iBonds Dec 2023 Term Corporate ETF (IBDO)
iShares iBonds Dec 2023 Term Corporate ETF operates in the Asset Management - Bonds industry of the Financial Services sector, headquartered in San Francisco, CA, US. The stock last traded at $25.33, up 0.00% on the session, giving a market capitalisation of $1.67B. Its beta of 0.07 implies it has historically moved less than the broad market.
This fund's investment strategy focuses on its benchmark index, with at least 80% of its holdings allocated to the index's component securities. Furthermore, a minimum of 90% of its total assets will be committed to fixed-income instruments that align with those included in the underlying index. The index itself consists of corporate bonds that are denominated in U.S. dollars, subject to taxation, and classified as investment-grade. These bonds are specifically chosen for their maturity dates, which are set to occur between January 1, 2023, and December 15, 2023.
iShares iBonds Dec 2023 Term Corporate ETF is most often compared with the following Financial Services names: