iShares iBonds Dec 2023 Term Treasury ETF
IBTD
NASDAQ Global Market- -
USD
- -
- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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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
- Mar 3, 2020
- CIK
- 0001100663
- Similar Companies
- Business
- iShares iBonds Dec 2023 Term Treasury ETF (IBTD) is an exchange-traded fund that seeks to track the investment results of the ICE 2023 Maturity US Treasury Index, comprising a market-value-weighted portfolio of U.S. Treasury bonds maturing between January 1, 2023, and December 15, 2023; as the underlying bonds mature, the fund transitions into cash and cash-like instruments such as BlackRock Cash Funds Treasury SL Agency. The ETF provides exposure to short-term U.S. Treasury securities with fixed coupon schedules denominated in U.S. dollars, offering regular income distributions that vary over time and designed to behave like a bond with a defined maturity while trading like a stock on the NASDAQ exchange. Launched on February 25, 2020, and managed by BlackRock Fund Advisors under the iShares brand of BlackRock, Inc., headquartered in New York, the fund targets income-seeking investors, bond laddering strategies, and interest rate risk management in the U.S. fixed income market. The fund maintains a low net expense ratio of 0.07%, with primary holdings including U.S. Treasury Notes across various coupons and the aforementioned cash equivalents comprising over 90% of assets in its later stages; it operates solely in U.S. markets with no international geographic exposure beyond the domestic Treasury focus. In line with its target-date structure, IBTD underwent planned termination proceedings in December 2023, ceasing trading on December 15, 2023, following final net asset value calculations and distribution of liquidation proceeds to shareholders around December 22, 2023, after transitioning fully to cash equivalents; this operational wind-down represents the primary recent change, with no reported partnerships, acquisitions, funding rounds, or new product launches specific to IBTD in 2023-2025, though BlackRock continued expanding the broader iShares iBonds ETF series with new maturities and UCITS variants in Europe during 2024-2025.