iShares iBonds Dec 2027 Term Corporate ETF
IBDS
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
- 400 Howard Street San Francisco CA United States of America 94105
- IPO Date
- Sep 18, 2017
- CIK
- 0001100663
- Website
- ishares.com
- Similar Companies
- Business
- iShares iBonds Dec 2027 Term Corporate ETF (IBDS) 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 between December 31, 2026, and December 16, 2027. The fund employs a representative sampling technique to hold a diversified portfolio of approximately 680 bonds issued by major corporations such as Ford Motor Credit Company LLC, Toyota Motor Credit Corp, Apple Inc, Amazon.com Inc, General Motors Financial Company Inc, John Deere Capital Corp, Toronto-Dominion Bank, Royal Bank of Canada, and NextEra Energy Capital Holdings Inc; it focuses exclusively on securities rated Baa3 or higher by Moody's or BBB- or equivalent by S&P or Fitch, providing monthly distributions from bond coupons and a final payout upon maturity in 2027, after which the fund will terminate and return capital to shareholders. Launched on September 12, 2017, and domiciled in the United States, IBDS is issued by BlackRock, Inc., under the iShares brand, with portfolio management by James Mauro (since inception) and Karen Uyehara (since March 2021), and lists on NYSE Arca with total net assets exceeding $3 billion. The ETF targets institutional and retail fixed-income investors seeking defined-maturity exposure in the target-maturity bond segment of the broader corporate debt market, primarily in North America with some non-U.S. issuers. Geographically, holdings are predominantly U.S.-based (over 80% U.S. bonds), supplemented by select Canadian and other international investment-grade issuers, all denominated in USD to eliminate currency risk. In recent developments, BlackRock expanded the iShares iBonds family in November 2024 by launching eight new UCITS ETFs tracking investment-grade corporate bonds maturing in 2031-2034 across USD and EUR, enhancing the suite's laddering capabilities for European and global investors, though IBDS remains focused on its U.S.-centric 2027 maturity. Ongoing portfolio adjustments reflect standard rebalancing to maintain index alignment as bonds approach maturity, with monthly dividend declarations continuing, such as $0.0889 per share in late 2024; additionally, Jonathan Graves was added as a portfolio manager across iBonds funds in recent updates to support operational continuity. No major acquisitions, funding rounds, or structural reorganizations specific to IBDS have occurred in the last 1-2 years, underscoring its stable, passive strategy amid a maturing lifecycle.