iShares iBonds Mar 2023 Term Corporate ex-Financials ETF
IBCE
New York Stock Exchange Arca- -
USD
- -
- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management - Bonds
- Address
- DE United States of America
- IPO Date
- Apr 17, 2013
- CIK
- 0001100663
- Similar Companies
- Business
- iShares iBonds Mar 2023 Term Corporate ex-Financials ETF (IBCE) seeks to track the investment results of an index composed of U.S. dollar-denominated, investment-grade corporate bonds issued by non-financial companies that mature after March 31, 2022 and before April 1, 2023. The ETF holds a portfolio of such bonds, transitioning to short-term instruments and cash as holdings mature, providing investors with targeted exposure to a defined maturity date in the corporate fixed-income segment excluding financial issuers. IBCE forms part of BlackRock's iShares iBonds target-maturity ETF series, managed by BlackRock Fund Advisors and issued through iShares Trust, with operations focused on U.S. markets. The fund offers exposure to investment-grade corporate debt from non-financial sectors, including manufacturing, energy, consumer goods, and industrials, emphasizing bonds with specified maturities to deliver predictable cash flows akin to individual bonds held within an ETF structure. It provides diversification across issuers and coupons typical of the Bloomberg index it tracks, with at least 80% of assets in index components or instruments providing similar exposure. Launched in 2017 as part of the iBonds 2023 series, IBCE was headquartered in San Francisco alongside BlackRock's iShares operations. In line with its target-maturity design, the ETF ceased trading and underwent final net asset value calculation and liquidation on March 30, 2023, distributing proceeds to shareholders shortly thereafter. This termination represented the planned conclusion of the fund's lifecycle, with no subsequent relaunches, acquisitions, or strategic shifts reported.