iShares iBonds Dec 2034 Term Corporate ETF (IBDZ) 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 January 1, 2034, and December 15, 2034. The fund holds a diversified portfolio of approximately 373 investment-grade bonds issued by U.S. corporates across various sectors, including top holdings such as Broadcom Inc., General Motors Financial Company Inc., Boeing Co., Oracle Corporation, UnitedHealth Group Inc., AbbVie Inc., BP Capital Markets America Inc., AT&T Inc., Eli Lilly and Company, and HCA Inc.; it provides targeted duration exposure with a management fee of 0.10% and focuses on total return performance through maturity. Sponsored and managed by BlackRock, Inc., a subsidiary of BlackRock, Inc., the ETF operates in the fixed-income segment targeting institutional and retail investors seeking predictable maturity bond strategies; it trades on NYSE Arca and is part of the broader iBonds ETF suite designed for bond laddering.
Launched with inception on May 22, 2024, the fund is headquartered in Wilmington, Delaware, as part of iShares Trust, with primary operations in the United States. Geographically, it focuses exclusively on U.S. dollar-denominated securities from domestic and international corporates accessible via U.S. markets. The ETF caters to investors building target-maturity ladders or managing intermediate-term corporate bond exposure amid varying interest rate environments.