# iShares iBonds Dec 2033 Term Corporate ETF (IBDY): ETF Facts & Distributions > Markdown mirror of https://www.dividenddata.com/funds/ibdy for AI agents. Same live data as the HTML page, regenerated on the same refresh cycle. Not investment advice. - Issuer: IShares · Asset class: Fixed Income - Strategy: Options Income · Inception: 2023-06-21 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... ## Key Facts | Metric | Value | |---|---| | Price | $24.83 | | Expense Ratio | 0.10% | | Assets Under Management | $1.18B | | NAV | $24.76 | | Holdings Count | 425 | | Distribution Yield (TTM) | 5.04% | | Annual Distribution (TTM) | $1.25 /share | | Distribution Frequency | Monthly | | 52-Week Range | $24.28 – $26.48 | | Beta | 1.20 | ## Latest Distribution - Amount: $0.1055 /share - Ex-date: 2026-10-01 - Pay date: 2026-10-06 ## Frequently Asked Questions ### 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 5.04%, 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. ### Does IBDY pay a distribution? Yes, iShares iBonds Dec 2033 Term Corporate ETF (IBDY) distributes distributions to shareholders. The trailing-twelve-month yield is 5.04%. Full distribution history is on this page. ### How often does IBDY pay distributions? iShares iBonds Dec 2033 Term Corporate ETF pays distributions Monthly. Each ex-dividend date, record date, and payment date is listed in the distribution history table on this page. ### When is IBDY's next ex-distribution date? The most recently announced ex-distribution date for IBDY was 2026-10-01. The next ex-date typically follows Monthly; once announced it appears at the top of the distribution history table on this page. ### Is IBDY's distribution sustainable? Covered-call ETFs like IBDY fund their distributions from option premium income. Sustainability depends on (1) whether option premiums stay high enough to cover the announced rate, and (2) whether NAV holds up over time. The NAV Erosion section on this page contrasts total return with price change since inception. If distributions consistently exceed total return, the fund is paying out capital rather than income. ### How much will IBDY's expense ratio cost me over 30 years? On a $10,000 investment compounding at 7% gross return, a 0.10% expense ratio quietly compounds against your balance every year. The Fee Compounding Forecast card above projects the dollar drag for any holding period and assumption you pick. The typical result for a 1.0% expense ratio on a 30-year hold is roughly 25% of the final balance lost to fees. ### How does IBDY charge its expense ratio? The expense ratio is deducted in tiny daily slices from IBDY's net asset value (NAV). You never see a bill. The price quoted on every exchange is already net of fees. There's no "fee day" to avoid; the cost is continuous and built into the trading price. ### Why does IBDY cost more than a fund like VOO? IBDY is an options-income fund (current expense ratio 0.10%). Covered-call and 0DTE strategies require active option-writing, daily rebalancing, and dedicated risk management. They cost more than passive equity funds. The Cost Verdict card compares IBDY against the options-income cohort, not VOO. ### Are IBDY's distributions taxed at ordinary income or qualified-dividend rates? IBDY's option-premium distributions are typically classified as ordinary income (NOT the qualified-dividend rate), so they're taxed at your marginal federal rate plus state. For a 24% bracket investor that's roughly 2x the 15% long-term capital gains rate most dividend investors are used to. The Fee Compounding Forecast card above lets you layer in this tax drag alongside the fund fee. Consult a tax advisor. This is not tax advice. ### Are there cheaper alternatives to IBDY? The Lower-Fee Alternatives card above lists ETFs following the same investment strategy as IBDY (0.10%) but at a lower expense ratio. Each row shows the fee gap, the peer's AUM as a liquidity sanity-check, and a direct link to that fund's analysis page. Cheaper price doesn't automatically mean better. Verify the peer holds what you actually want. ## More on Dividend Data - Overview (HTML): https://www.dividenddata.com/funds/ibdy - Distribution history: https://www.dividenddata.com/funds/ibdy/dividend - Holdings & diversification: https://www.dividenddata.com/funds/ibdy/diversification - Fees & cheaper alternatives: https://www.dividenddata.com/funds/ibdy/expenses - Peer comparison: https://www.dividenddata.com/funds/ibdy/peers Data sourced from primary filings and market data providers; see https://www.dividenddata.com/methodology.