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iShares iBonds Dec 2024 Term Corporate ETF
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- Description
- Performance
- Fundamentals
- Rate Sensitivity
- Rating
| The iShares iBonds Dec 2024 Term Corporate ETF tracks a Bloomberg Barclays global index of USD denominated, investment-grade corporate bonds maturing between Dec 31, 2023 and Jan 1, 2025. |
| Category | Corporate |
| Fund Sponsor | BlackRock |
| Website | www.ishares.com |
| Inception date | Mar 11, 2015 |
| Assets (mns) | $2,179 |
| Currency | USD |
| Expense ratio | 10 bp |
| Distributions | Monthly |
| Regulation | Open-Ended Fund |
| Custodian | |
| Weighting | Market Value |
| Index replication |
| No. of constituents | 554 |
| No of distinct issuers | 387 |
| Inflation protected | 0% |
| Variable/Fixed coupon | 3% /97% |
| Non-standard maturity (callable, etc.) | 68% |
| BANK OF AMERICA CORPO 4.2% 8/26/24 | 1.1 % |
| MORGAN STANLEY 3.7% 1/23/24 | 0.9 % |
| CREDIT SUISSE (NEW YO 3.6% 9/09/24 | 0.9 % |
| MORGAN STANLEY 3.9% 4/29/24 | 0.8 % |
| WELLS FARGO & COMPANY 3.3% 9/09/24 | 0.8 % |
| GOLDMAN SACHS GROUP, 4.0% 3/03/24 | 0.8 % |
| WELLS FARGO & COMPANY 3.8% 1/24/24 | 0.7 % |
| APPLE INC. 3.5% 5/06/24 | 0.7 % |
| ORACLE CORPORATION 3.4% 7/08/24 | 0.7 % |
| INTERNATIONAL BUSINES 3.6% 2/12/24 | 0.7 % |
| TOTAL | 8.3 % |
|---|
| GOLDMAN SACHS GROUP, INC. | 1.7% |
| BANK OF AMERICA CORP | 1.6% |
| AMERICAN EXPRESS COMPANY | 1.4% |
| TORONTO-DOMINION BANK | 1.3% |
| AERCAP IRELAND CAPITAL DAC | 1.3% |
 |
UNITED STATES | 81.3 % |
 |
CANADA | 5.9 % |
 |
JAPAN | 2.0 % |
 |
IRELAND | 1.4 % |
 |
BRITAIN | 1.1 % |
HISTORICAL RETURNS 
| Custom date range | Compare to | ||
| thru |
| Year-to-date | 1 year | 5 years | 10 years | Since Incep. |
| 4.4% | 5.8% | 2.4% | -- | 3.1% |
| versus... | Beta | R-squared |
|---|---|---|
| Barclays Agg. Bond | 0.20 | 49% |
| S&P500 | 0.07 | 34% |
| MSCI EAFE | 0.07 | 37% |
| MSCI Emg. Mkts. | 0.07 | 34% |
| Recent close | $25.17 |
| 30d moving avg. | $25.14 |
| Annualized volatility | 2.2% |
| Short interest (ETF) | 0.0% |
| Relative strength (RSI) | 93 |
| Avg. volume (thou.) | 500 |
| Avg. daily value traded (mns) | $13 |
| Turnover | 0.6% |
| Bid/Ask (% of price) | 0.04 |
DISTRIBUTION YIELD (TRAILING 12 MONTHS)
| IBDP | 0.9 yrs | Category Avg.* |
4.6 yrs |
| IBDP | 0.9% | Category Avg.* |
4.5% |
| Change in YTM |
New YTM |
Est. Price Change |
Est. New Price |
| +300 bp | 6.61% | -9.1% | $22.88 |
| +200 bp | 5.61% | -4.7% | $24.00 |
| +150 bp | 5.11% | -3.0% | $24.42 |
| +100 bp | 4.61% | -1.6% | $24.76 |
| +75 bp | 4.36% | -1.1% | $24.90 |
| +50 bp | 4.11% | -0.6% | $25.01 |
| +25 bp | 3.86% | -0.3% | $25.10 |
| 0 bp | 3.61% | 0% | $25.17 |
| -25 bp | 3.36% | 0.2% | $25.22 |
| -50 bp | 3.11% | 0.3% | $25.24 |
| -75 bp | 2.86% | 0.3% | $25.24 |
| -100 bp | 2.61% | 0.2% | $25.22 |
| -150 bp | 2.11% | -0.2% | $25.12 |
| -200 bp | 1.61% | -1.0% | $24.92 |
| -300 bp | 0.61% | -3.6% | $24.27 |
*Fund Category: CORPORATE
ALTAR Score™
| Calculation of ALTAR Score™ | ||
|---|---|---|
| Adj. Yield to Maturity |
361 | bp |
| Less: Annual "default factor" |
7 | bp |
| Less: Expense ratio | 10 | bp |
| Equals: ALTAR Score | 3.44 | % |
| Average ALTAR Score™ by Category | |
|---|---|
| Aggregate | 3.2% |
| Corporate | 4.0% |
| Emerging Market | 5.9% |
| Government | 7.1% |
| Inflation Protected | 2.7% |
| Mortgage | 5.0% |
| Municipals | 3.2% |
| *Note: The iShares iBonds Dec 2024 Term Corporate ETF is classified as a Corporate fund. | |