(IBDR) iShares iBonds Dec 2026 - Ratings and Ratios

The iShares iBonds Dec2026 Term Corporate ETF (IBDR) is a target maturity ETF that invests in a diversified portfolio of U.S. dollar-denominated, investment-grade corporate bonds with a maturity date in December 2026. The fund tracks an underlying index comprising securities from U.S. and non-U.S. corporate issuers with a minimum outstanding face value of $300 million.

To achieve its investment objective, IBDR will allocate at least 80% of its assets to the component securities of the underlying index and at least 90% to fixed income securities of similar types. This ensures that the funds portfolio is closely aligned with the index, providing investors with a predictable income stream and a relatively low risk profile.

From a quantitative perspective, key performance indicators (KPIs) for IBDR include its yield to maturity (YTM), duration, and credit quality. Given its investment-grade focus, the funds credit quality is likely high, with an average credit rating of A or higher. The YTM and duration can be used to assess the funds potential return and interest rate risk, respectively. As of the latest available data, the funds AUM stands at $3.347 billion, indicating a moderate level of liquidity.

In terms of risk management, investors can monitor the funds sensitivity to changes in interest rates, credit spreads, and other market factors. The funds relatively short duration, given its maturity date in 2026, may help mitigate interest rate risk. However, investors should remain aware of potential credit risks associated with the underlying issuers, as well as any potential liquidity risks in the event of market stress.