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IBCE - Mar 2023 Term Corp Ex-Financials Ishares Ibonds

IBCE Stock Chart

IBCE Profile

Mar 2023 Term Corp Ex-Financials Ishares Ibonds logo

IBCE is an iShares iBonds ETF that seeks to track the investment results of the ICE BofAML 2023 (EX-FIN) 5-10 Year Corporate Index. This ETF invests in a diversified portfolio of investment-grade corporate bonds maturing in March 2023 and excludes financial sector issuers, with the aim of providing income and preserving capital.

As of September 2021, the ETF had a net asset value of approximately $119 million and an expense ratio of 0.10%. The fund's holdings are primarily in the industrial and utility sectors, and the top ten holdings make up approximately 27% of the portfolio.

One potential benefit of IBCE is that it provides a target date maturity, allowing investors to plan for potential cash flows or to use it as part of a laddered bond strategy. Additionally, the exclusion of financial sector issuers can provide additional diversification benefits for investors seeking to limit their exposure to this sector.

It is important to note that like all bond funds, IBCE carries some risks, including interest rate risk, credit risk, and market risk. Changes in interest rates can affect the value of the fund's holdings, while credit risk refers to the possibility of issuers defaulting on their debt obligations. Market risk refers to the risk of the bond market experiencing volatility, which can impact the value of the ETF. Investors should carefully consider their investment objectives, risk tolerance, and consult with a financial professional before making any investment


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