(IBDT) iShares iBonds Dec 2028 - Ratings and Ratios

The iShares iBonds Dec2028 Term Corporate ETF (IBDT) is a target maturity ETF that invests in a diversified portfolio of investment-grade corporate bonds with a maturity date in December 2028. The fund tracks an underlying index composed of U.S. dollar-denominated bonds issued by U.S. and non-U.S. corporate issuers with a minimum outstanding face value of $300 million.

From a portfolio perspective, the ETFs holdings are likely to be characterized by a relatively low credit risk due to the investment-grade requirement, and a moderate duration risk given the fixed maturity date. Key performance indicators (KPIs) to monitor for this ETF include yield to maturity (YTM), which is likely to be higher than shorter-term corporate bond ETFs, and credit spread, which can indicate the markets perception of the underlying issuers creditworthiness.

In terms of risk management, investors should be aware of the ETFs sensitivity to interest rate changes, as measured by its duration, and the potential for credit downgrades or defaults among the underlying issuers. Additionally, the ETFs liquidity profile, as measured by its average daily trading volume and bid-ask spread, is also an important consideration.

To evaluate the ETFs potential return, investors can consider metrics such as total return, which includes both income and capital gains, and the ETFs expense ratio, which can impact its net returns. A comparison with other target maturity ETFs and corporate bond ETFs can also provide insights into the ETFs relative performance and value proposition.