 The
iShares iBonds Dec 2023 Term Corporate ETF (IBDO) is an
exchange-traded fund (ETF) that aims to provide targeted exposure to
investment-grade corporate bonds that mature in December 2023.
As of September 2021, IBDO had a net asset value of approximately $1.9
billion and an expense ratio of 0.10%. The ETF holds a diversified
portfolio of investment-grade corporate bonds and primarily focuses on
sectors such as industrials, financials, and utilities.
The ETF
seeks to provide investors with the benefits of individual bonds, such
as predictable income streams and a defined maturity date, while also
offering the advantages of an ETF, such as intraday trading and
diversification. IBDO can be an attractive option for investors
seeking a fixed-income investment with a relatively short maturity
date.
One potential benefit of IBDO is that it provides
investors with exposure to a diversified portfolio of investment-grade
corporate bonds with a defined maturity date, which can help to
mitigate interest rate risk. However, like all bond funds, IBDO
carries some risks, including credit risk, interest rate risk, and
market risk.
Investors should carefully consider their
investment objectives, risk tolerance, and consult with a financial
professional before making any investment decisions.
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