- What does IBCB invest in?
- IBCB is part of iShares Corporate Term Bond suite. The fund behaves more like a bond than a typical bond fund. The fund provides bullet maturity, in this case December 2036 instead of perpetual exposure to a maturity pocket of the US corporate investment grade bond market. As the fund matures, its maturity, duration and YTM will continue to decline. On its target date, IBCB will unwind and return all capital to investors. This structure permits IBCB to be used as a building block for a bond ladder. In all, the fund provides a viable means to access a diverse pool of US investment grade bonds while mimicking the life cycle of an individual bond.
- What is the expense ratio of IBCB?
- iShares iBonds Dec 2036 Term Corporate ETF (IBCB) charges an expense ratio of 0.10%. This is the annual fee deducted from fund assets to cover management and operations.
- What is IBCB's dividend yield?
- IBCB's trailing-twelve-month yield is 1.80%, calculated from the sum of dividends over the past year divided by the current price.
- What is the duration of IBCB?
- Effective duration measures IBCB's sensitivity to interest-rate changes — a duration of 6 means a 1% rate move shifts NAV by roughly 6% in the opposite direction. IBCB's current duration is published on the fund's factsheet on the issuer's website.
- What is the credit quality of IBCB?
- IBCB's credit quality breakdown — the share of holdings rated AAA through CCC and below — is published on the fund's factsheet. Higher-quality (investment-grade) funds yield less but carry less default risk than high-yield / junk bond funds.
- What is the yield to maturity of IBCB?
- Yield to maturity (YTM) is the total return you'd earn from IBCB if every bond in the portfolio is held to maturity at the current price. IBCB's YTM is published on the fund's factsheet on the issuer's website — it differs from the trailing-12-month yield because YTM reflects current bond prices rather than historical income paid.
