IBCB is part of iShares Corporate Term Bond suite. The fund behaves more like a bond than a typical bond fund. The fund provides bullet maturity, in this case December 2036 instead of perpetual exposure to a maturity pocket of the US corporate investment grade bond market. As the fund matures, its maturity, duration and YTM will continue to decline. On its target date, IBCB will unwind and return all capital to investors. This structure permits IBCB to be used as a building block for a bond ladder. In all, the fund provides a viable means to access a diverse pool of US investment grade bonds while mimicking the life cycle of an individual bond.

iShares iBonds Dec 2036 Term Corporate ETF

This iShares iBonds Dec 2036 Term Corporate ETF aims to replicate the performance of an index comprised solely of U.S. dollar-denominated, investment-grade corporate bonds that mature in 2036. The operational structure of this particular fund is secured by U.S. Patent Nos. 8,438,100 and 8,655,770.

IBCB Holdings & Sector Breakdown