iShares iBonds Mar 2023 Term Corporate ETF
IBDD
New York Stock Exchange Arca- -
USD
- -
- -
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management - Bonds
- Address
- DE United States of America
- IPO Date
- Jul 9, 2013
- CIK
- 0001100663
- Similar Companies
- Business
- iShares iBonds Mar 2023 Term Corporate ETF (IBDD) is an exchange-traded fund that seeks to track the investment results of an index composed of U.S. dollar-denominated, investment-grade corporate bonds scheduled to mature between January 1, 2023, and March 31, 2023; the fund holds fixed-rate, SEC-registered bonds issued by U.S. corporations, excluding those from financial institutions, with maturities targeted in the specified term window. Managed by BlackRock Fund Advisors as part of the iShares iBonds ETF series, IBDD provides targeted exposure to a laddered portfolio of corporate debt instruments across various sectors such as industrials, utilities, and consumer goods; it employs a sampling strategy to replicate the underlying Bloomberg iBonds Mar 2023 Term Corporate Index, distributing monthly income from bond coupons while aiming for principal return at maturity. The ETF, launched in 2015 and domiciled in the United States with primary operations through BlackRock's global platform headquartered in New York, serves institutional and retail investors seeking defined-term corporate bond exposure with low duration risk and tax-efficient structures. In December 2022, IBDD announced the commencement of its final distributions in preparation for liquidation and termination, reflecting its target maturity approaching March 2023; the fund underwent a full redemption process, with the final net asset value calculated and proceeds distributed to shareholders by mid-2023, marking the successful completion of its predefined term lifecycle. No subsequent reorganizations, name changes, or strategic expansions occurred post-termination, as the ETF was designed as a "defined outcome" product that dissolves upon maturity; BlackRock integrated lessons from IBDD's performance into later iBonds series launches, such as extended-term corporate ETFs, without direct acquisitions or partnerships specific to this ticker. Geographically focused on U.S. markets with holdings from domestic issuers, IBDD targeted fixed-income portfolios emphasizing predictable cash flows through its short-term corporate bond focus.