iShares iBonds Dec 2024 Term Corporate ETF
IBDP
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
- Address
- DE United States of America
- IPO Date
- Mar 12, 2015
- CIK
- 0001100663
- Similar Companies
- Business
- iShares iBonds Dec 2024 Term Corporate ETF (IBDP) is an exchange-traded fund that seeks to track the investment results of the Bloomberg December 2024 Maturity Corporate Index, composed of U.S. dollar-denominated, investment-grade corporate bonds maturing between January 1, 2024, and December 15, 2024. The fund invests in a portfolio of such bonds issued by U.S. and non-U.S. corporate issuers rated investment-grade by at least two of S&P, Moody's, or Fitch (BBB-/Baa3 or higher), including securities from sectors such as financials, healthcare, and technology; top holdings include BLK CSH FND TREASURY SL AGENCY (cash equivalent), AbbVie Inc., Morgan Stanley MTN, Thermo Fisher Scientific Inc., Alibaba Group Holding Ltd., AerCap Ireland Capital DAC, Oracle Corp., and Goldman Sachs Group Inc.; it may also hold cash, U.S. government securities, short-term paper, and money market funds, with at least 80% of assets in index components and up to 10% in futures, options, or swaps for tracking purposes. Launched on March 11, 2015, by BlackRock Fund Advisors, a subsidiary of BlackRock Inc. (founded 1988 and headquartered in New York City), the ETF operates globally with exposure to developed market issuers but primarily U.S.-denominated securities, targeting income-seeking investors, bond laddering strategies, and interest rate risk management in the fixed income segment. As a term fund, IBDP undergoes a planned termination on or about December 15, 2024 (trading cessation December 16, 2024; liquidation December 19, 2024), after which it distributes net assets to shareholders without seeking a predetermined return, transitioning to cash equivalents in its final months yielding near money market rates. Recent developments include BlackRock's October 2024 announcement of the 2024 iBonds series liquidations, including IBDP alongside IBTE and IBHD, and the firm's December 2024 agreement to acquire HPS Investment Partners for $12 billion (expected close mid-2025) to bolster private credit capabilities integrated with its $3 trillion public fixed income platform; additionally, BlackRock launched eight new iShares iBonds UCITS ETFs in Europe in November 2024 for investment-grade corporate bonds maturing 2025-2034.