iShares iBonds Dec 2032 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 2032. The ETF is managed by BlackRock Fund Advisors and was
first launched in January 2022.
Expense Ratio: The expense
ratio for iShares iBonds Dec 2032 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 2032. 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 $24 million and held 8 different
bond holdings. The ETF has a weighted average maturity of
approximately 10.3 years and a weighted average coupon of
approximately 2.3%.
Overall, iShares iBonds Dec 2032 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 2032. 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.
|