iShares iBonds Dec 2033 Term Corporate ETF

Frequently Asked Questions About IBDY

What does IBDY invest in?

iShares Trust - iShares iBonds Dec 2033 Term Corporate ETF is an exchange traded fund launched by BlackRock, Inc. The fund is managed by BlackRock Fund Advisors. It invests in the fixed income markets of global developed markets region. The fund invests in U.S. dollar-denominated, taxable, investment-grade securities publicly issued by U.S. and non-U.S. corporate issuers that are rated BBB- or higher by S&P or Fitch or Baa3 or higher by Moody’s. It invests in securities that will mature between January 1, 2033 and December 15, 2033. The fund seeks to track the performance of the Bloomberg U.S. Universal Index and the Bloomberg December 2033 Maturity Corporate Index, by using representative sampling technique. iShares Trust - iShares iBonds Dec 2033 Term Corporate ETF was formed on June 21, 2023 and is domiciled in the United States.

What is the expense ratio of IBDY?

iShares iBonds Dec 2033 Term Corporate ETF (IBDY) charges an expense ratio of 0.10%. This is the annual fee deducted from fund assets to cover management and operations.

What is IBDY's distribution yield?

IBDY's trailing-twelve-month yield is 4.96%, calculated from the sum of distributions over the past year divided by the current price.

How does IBDY's covered-call strategy work?

IBDY sells call options against the stocks (or index) it holds, collecting premium income that gets passed through to shareholders as distributions. The strategy generates above-market income in flat or rising markets but caps upside — when the underlying rallies past the strike, the gains above the strike go to the option buyer, not the fund.

What is the duration of IBDY?

Effective duration measures IBDY's sensitivity to interest-rate changes — a duration of 6 means a 1% rate move shifts NAV by roughly 6% in the opposite direction. IBDY's current duration is published on the fund's factsheet on the issuer's website.

What is the credit quality of IBDY?

IBDY'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.