iShares iBonds Mar 2020 Term Corporate ETF

Frequently Asked Questions About IBDC

What does IBDC invest in?

The investment seeks to track the investment results of the Bloomberg Barclays 2020 Maturity Corporate Index composed of U.S. dollar-denominated, investment-grade corporate bonds maturing after March 31, 2019 and before April 1, 2020. The fund generally will invest at least 90% of its assets in the component securities (including indirect investments through an underlying fund) of the index, except during the last months of the fund's operations. The index includes U.S. dollar-denominated, investment-grade securities publicly issued by U.S. and non-U.S. corporate issuers that have $300 million or more of outstanding face value at the time of inclusion.

What is the expense ratio of IBDC?

An expense ratio for iShares iBonds Mar 2020 Term Corporate ETF (IBDC) is not available from our data sources — neither our market-data feed nor the SEC's structured prospectus and annual-report datasets report one for this share class. The fund's prospectus on the issuer's site carries the authoritative fee.

How big is IBDC?

iShares iBonds Mar 2020 Term Corporate ETF (IBDC) manages $140.6M in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure — funds below ~$50M are at higher risk of liquidation.

Is IBDC actively managed or an index fund?

IBDC is a passive index fund — it tracks a published benchmark by holding the constituents in their published weights. Index funds typically charge low expense ratios because there's no security selection cost.

When was IBDC launched?

iShares iBonds Mar 2020 Term Corporate ETF (IBDC) launched in July 2013 and is managed by iShares.

How has IBDC performed?

IBDC's total return — price change plus reinvested distributions — is charted at the top of this page. Switch the price chart to Total Return and pick a 1-year, 3-year, 5-year, or 10-year window to read the compound annual growth rate (CAGR) over each horizon.