iShares iBonds 1-5 Year Corporate Ladder ETF
LDRC
New York Stock Exchange Arca- -
USD
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- -
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.- CEO
- Laurence D. Fink
- Sector
- Financial Services
- Industry
- Asset Management - Bonds
- Address
- 55 East 52nd Street New York City NY United States of America 10055
- IPO Date
- Nov 7, 2024
- Website
- ishares.com
- Similar Companies
- Business
- iShares iBonds 1-5 Year Corporate Ladder ETF (LDRC) seeks to track the BlackRock iBonds 1-5 Year Corporate Ladder Index by investing in a portfolio of underlying iShares iBonds term corporate ETFs with target maturities spanning 1-5 years, providing streamlined exposure to investment-grade U.S. dollar-denominated corporate bonds; the fund holds five such ETFs in equal weight (approximately 20% each), including iShares iBonds Dec 2025 Term Corporate ETF (IBDQ), Dec 2026 Term Corporate ETF (IBDR), Dec 2027 Term Corporate ETF (IBDS), Dec 2028 Term Corporate ETF (IBDT), and Dec 2029 Term Corporate ETF (IBDU), which collectively offer access to a diversified ladder of bonds maturing in consecutive years. The ETF delivers monthly distributions, targets income generation and interest rate risk management for investors in fixed income segments, and features a low expense ratio of 0.10% comprising acquired fund fees and expenses; its portfolio exhibits a weighted average maturity of approximately 2.86 years, effective duration of 2.60 years, and a 30-day SEC yield around 4.38% as of mid-2025. Launched on November 7, 2024, by BlackRock Inc. and listed on NYSE Arca, LDRC represents the latest expansion of the iShares iBonds franchise, which pioneered defined-maturity bond ETFs in 2010; the fund operates primarily in the U.S. market, serving institutional and retail investors seeking bond laddering without manual rebalancing. In a key strategic development, BlackRock introduced LDRC alongside three sibling iBonds Ladder ETFs (LDRT, LDRI, and LDRH) in November 2024 to offer turnkey solutions for systematic bond laddering across Treasuries, TIPS, corporate, and high-yield segments; the underlying index reconstitutes annually each June, removing the nearest-maturity iBonds ETF and adding a new five-year maturity fund to maintain the ladder structure, ensuring consistent exposure amid maturing holdings that transition to cash equivalents. As of recent data, net assets stand at approximately $9-10 million with around 360,000-400,000 shares outstanding, and top underlying issuers include Sumitomo Mitsui Financial Group, Ford Motor Credit, Apple, and General Motors Financial, reflecting broad investment-grade credit quality predominantly in A and BBB ratings.