iShares iBonds Dec 2023 Term Corporate ETF
IBDO
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
- DE United States of America
- IPO Date
- Mar 12, 2015
- CIK
- 0001100663
- Similar Companies
- Business
- iShares iBonds Dec 2023 Term Corporate ETF (IBDO) 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 maturing in December 2023; it provides exposure to a targeted maturity date portfolio of such bonds, delivering regular income distributions and principal return behavior akin to individual bonds while offering intraday liquidity and transparency through the ETF structure. Launched on March 11, 2015, by BlackRock, Inc. through its iShares brand, the ETF is managed by BlackRock Fund Advisors and lists on NYSE Arca. The fund primarily serves fixed-income investors seeking defined-term corporate bond exposure without the need to select individual securities, with operations focused on the U.S. market and headquarters aligned with BlackRock's principal location in New York. As the fund approached its target maturity, its portfolio transitioned from corporate bonds to predominantly cash and short-term instruments, reflecting 97.67% cash allocation in late holdings data. In line with the predefined iBonds series design, IBDO ceased active trading following the final distribution date around December 15, 2023, with net asset value calculated on December 15, 2023, and liquidation proceeds distributed to shareholders on or around December 22, 2023, at approximately $25.33 per share. This maturation process marks the primary recent operational change, concluding the fund's lifecycle without additional acquisitions, partnerships, or new product launches specific to IBDO, as it fulfilled its term objective. The ETF is now listed among iShares closed funds, no longer actively traded or available for new investment.