(IBDT) iBonds Dec 2028 Term - Overview
ETF Category: Target Maturity | Exchange: NYSE ARCA (USA) | Market Cap: 3.852m USD | Total Return: 4.7% in 12m
TER: 0.10%
Avg Turnover: 12.0M
Warnings
No concerns identified
Tailwinds
No distinct edge detected
The iShares iBonds Dec 2028 Term Corporate ETF (IBDT) tracks an index of investment-grade, U.S. dollar-denominated corporate bonds. The fund maintains a strict mandate to invest at least 80% of its assets in index components and 90% in representative fixed-income securities. Eligible bonds must be issued by domestic or foreign corporations with a minimum outstanding face value of $300 million.
As a target maturity ETF, IBDT functions similarly to an individual bond by seeking to return its net asset value to shareholders upon its scheduled liquidation in December 2028. This structure allows investors to manage interest rate risk and predict cash flows more precisely than traditional rolling bond funds. Investment-grade corporate debt typically offers a yield premium over U.S. Treasuries to compensate for credit risk while maintaining a lower default probability than high-yield junk bonds.
Investors can evaluate the underlying credit quality and yield metrics of this portfolio on ValueRay. Comparing the funds expense ratio and duration against other 2028 vintage ETFs will help determine its suitability for a laddered strategy.
- Federal Reserve interest rate shifts dictate net asset value and bond pricing
- Credit spread fluctuations impact valuation of investment grade corporate debt holdings
- Approaching 2028 maturity date triggers portfolio liquidation and final capital return
- Corporate default rates among large-cap issuers influence total fund performance
- US dollar strength affects the relative value of non-US corporate bond holdings
Over the past week, the price has changed by +0.00%, over one month by -0.10%, over three months by -0.06% and over the past year by +4.67%.
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