(IBDT) iShares iBonds Dec 2028 - Ratings and Ratios

The iShares iBonds Dec2028 Term Corporate ETF (IBDT) is a target maturity ETF that tracks an underlying index of investment-grade corporate bonds with a maturity date in December 2028. The funds investment strategy is to replicate the performance of the underlying index by investing at least 80% of its assets in the component securities and at least 90% in fixed income securities of similar types.

The underlying index comprises U.S. dollar-denominated, investment-grade bonds issued by U.S. and non-U.S. corporate issuers with a minimum outstanding face value of $300 million at the time of inclusion. This suggests that the fund will hold a diversified portfolio of high-quality corporate bonds with a relatively low credit risk.

From a technical analysis perspective, the funds price is currently trading above its 20-day, 50-day, and 200-day simple moving averages (SMA20, SMA50, and SMA200), indicating a positive trend. The Average True Range (ATR) is relatively low at 0.10, suggesting that the funds price is experiencing low volatility. Based on the current technical indicators, it is likely that the funds price will continue to trend upwards, potentially reaching a new 52-week high.

Considering the funds fundamental data, the Assets Under Management (AUM) stand at $2871.86 million, indicating a sizable and liquid ETF. As the fund approaches its maturity date in December 2028, it is likely that the credit risk will decrease, and the funds price will be influenced more by changes in interest rates. Given the current interest rate environment and the funds characteristics, a potential forecast is that the funds price will continue to rise, potentially reaching $26.00 by the end of 2024, driven by a combination of carry and potential price appreciation as the funds credit risk decreases.

To validate this forecast, it is essential to continue monitoring the funds technical and fundamental data, including changes in interest rates, credit spreads, and the overall market environment. By doing so, it is possible to refine the forecast and make adjustments as necessary to optimize investment decisions.