iShares iBonds Mar 2020 Term Corporate ETF
IBDC
New York Stock Exchange Arca- -
USD
- -
- -
Capital Structure
FRC
•
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
FRC
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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
- United States of America
- IPO Date
- Jul 9, 2013
- CIK
- 0001100663
- Similar Companies
- Business
- iShares iBonds Mar 2020 Term Corporate ETF (IBDC) is an exchange-traded fund that seeks to track the Bloomberg Barclays Mar 2020 Maturity Corporate Index, composed of U.S. dollar-denominated, investment-grade corporate bonds maturing in March 2020; the fund provides exposure to a diversified portfolio of such bonds issued by corporations across various sectors in developed markets. Launched on July 9, 2013, by BlackRock, Inc., through its iShares business, headquartered in San Francisco, California, IBDC targets institutional and retail fixed-income investors seeking defined-maturity strategies with predictable cash flows and principal return potential at maturity. The ETF operates primarily in the United States, with underlying holdings focused on domestic issuers, and is managed within BlackRock's broader iBonds series, which includes similar term corporate, Treasury, municipal, and high-yield products. IBDC's core offerings center on investment-grade corporate debt securities with maturities clustered around March 2020, delivering regular distributions from bond coupons transitioning to short-term instruments and cash as holdings mature; it emphasizes low duration risk, yield-to-maturity alignment with its benchmark, and liquidity via NYSE Arca listing. The fund does not engage in derivatives or leverage, maintaining a passive replication strategy with an expense ratio of approximately 0.10%, appealing to bond laddering strategies alongside other iBonds ETFs. In line with the iBonds series design, IBDC underwent liquidation proceedings around its target maturity, with key notices issued in early 2020 for final distributions—trading adjusted at $26.06 NAV on March 4, 2020, and final settlement by April 3, 2020—marking its closure as a standard operational wind-down rather than distress. BlackRock, the issuer, has since expanded the iBonds franchise significantly, launching new UCITS versions in Europe (e.g., eight investment-grade corporate ETFs in November 2024 with maturities to 2034) and TIPS suites in 2023, alongside ongoing U.S. product innovations totaling over $23 billion in assets under management as of recent reports. No recent acquisitions, partnerships, or name changes specifically affected IBDC post-closure, as it transitioned to cash distribution for remaining shareholders.