iShares iBonds Dec 2028 Term Corporate ETF
IBDT
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 DE United States of America 94105-2618
- IPO Date
- Sep 20, 2018
- CIK
- 0001100663
- Website
- ishares.com
- Similar Companies
- Business
- iShares iBonds Dec 2028 Term Corporate ETF (IBDT) 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 issued by U.S. and non-U.S. corporate issuers maturing between December 31, 2027, and December 16, 2028. The fund invests at least 80% of its assets in the component instruments of the underlying Bloomberg December 2028 Maturity Corporate Index and at least 90% in fixed-income securities of the types included therein, employing a representative sampling technique; it focuses on taxable bonds rated Baa3/BBB- or higher by Moody's, S&P, or Fitch, with each issuer limited to no more than 3% of the portfolio to ensure diversification across approximately 691 holdings, including top issuers such as Sumitomo Mitsui Financial Group Inc., Apple Inc., General Motors Financial Company Inc., and AerCap Ireland Capital DAC. Launched on September 18, 2018, and domiciled in the United States, IBDT is issued by BlackRock, Inc., headquartered in Wilmington, Delaware, and managed by BlackRock Fund Advisors with an expense ratio of 0.10%, targeting investors seeking defined maturity exposure, regular monthly income distributions, and interest rate risk management through a bond ladder-like structure that unwinds near its target date in late 2028. In recent developments, BlackRock expanded its iBonds ETF series in 2025 by filing with the SEC for at least 10 additional target-maturity products across corporates, municipals, Treasurys, and high-yield categories, enhancing the suite's offerings amid a declining interest-rate environment and competition from providers like Vanguard and State Street. The firm also launched several new iBonds ETFs earlier in 2025, including the iShares iBonds Dec 2031 Term Muni Bond ETF (IBMT), iShares iBonds Dec 2035 Term Treasury ETF (IBTQ), and iShares iBonds Dec 2045 Term Treasury ETF (IBGB), alongside European listings such as iShares iBonds Dec 2027 Term $ Corp UCITS ETF on the London Stock Exchange. These expansions support broader strategic initiatives to facilitate bond laddering and yield curve positioning for financial advisors and institutional clients, with IBDT maintaining stable operations, ongoing monthly distributions (e.g., $0.0963 per share ex-date December 2024), and total net assets exceeding $3.10 billion as of late 2025. The fund operates primarily in U.S. fixed-income markets but includes non-U.S. issuers for global diversification within its investment-grade corporate segment.