 iShares
iBonds Dec 2029 Term Corporate ETF is an exchange-traded fund (ETF)
that seeks to track the investment results of an index composed of
investment-grade corporate bonds with a maturity date in December
2029. The ETF is managed by BlackRock Fund Advisors and was first
launched in January 2019.
Expense Ratio: The expense ratio for
iShares iBonds Dec 2029 Term Corporate ETF is 0.10%, which is
considered low for ETFs.
The ETF provides exposure to a
diversified portfolio of investment-grade corporate bonds with a fixed
maturity date of December 2029. As the bonds approach their maturity
date, the fund will gradually shift its holdings to cash and cash
equivalents, which can help reduce the impact of rising interest rates
on the portfolio.
As of March 18, 2023, the ETF had a total net
asset value (NAV) of approximately $616 million and held 75 different
bond holdings. The ETF has a weighted average maturity of
approximately 7.5 years and a weighted average coupon of approximately
2.5%.
Overall, iShares iBonds Dec 2029 Term Corporate ETF is a
relatively low-cost, diversified investment vehicle that may be
appropriate for investors seeking exposure to a basket of
investment-grade corporate bonds with a fixed maturity date in
December 2029. However, like any investment, it is important to
conduct thorough research and consider your own investment objectives
and risk tolerance before making any investment decisions.
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