iShares iBonds Dec 2036 Term Corporate ETF (IBCB)

The iShares iBonds Dec 2036 Term Corporate ETF (IBCB) is a target-maturity bond fund from BlackRock's iShares that holds U.S. dollar-denominated, investment-grade corporate bonds scheduled to mature in 2036.

The fund tracks an index of investment-grade corporate bonds maturing in its target year, with holdings issued by companies across industrial, financial and utility sectors. Unlike a typical bond fund that continually rolls into new issues, it has a defined end date: as its bonds mature during 2036, the proceeds are held in cash or short-term instruments, and the fund is expected to liquidate and distribute its assets to shareholders around December 2036.

This structure lets investors build bond ladders with diversified, exchange-traded exposure while knowing roughly when their principal will be returned, much like holding an individual bond to maturity.