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iShares iBonds Dec 2030 Term Treasury ETF
ETF
IBTK
Payout Change
Pending
Price as of:
$19.305
+0.0
+0.0%
primary theme
Target Date
IBTK (ETF)
iShares iBonds Dec 2030 Term Treasury ETF
Payout Change
Pending
Price as of:
$19.305
+0.0
+0.0%
primary theme
Target Date
IBTK (ETF)
iShares iBonds Dec 2030 Term Treasury ETF
Payout Change
Pending
Price as of:
$19.305
+0.0
+0.0%
primary theme
Target Date
Name
As of 11/22/2024Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
Vitals
YTD Return
1.1%
1 yr return
5.0%
3 Yr Avg Return
-3.0%
5 Yr Avg Return
N/A
Net Assets
$221 M
Holdings in Top 10
85.9%
52 WEEK LOW AND HIGH
$19.3
$18.87
$20.19
Expenses
OPERATING FEES
Expense Ratio 0.07%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 37.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
N/A
IRA
N/A
Fund Classification
Fund Type
Exchange Traded Fund
Name
As of 11/22/2024Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
IBTK - Profile
Distributions
- YTD Total Return 1.1%
- 3 Yr Annualized Total Return -3.0%
- 5 Yr Annualized Total Return N/A
- Capital Gain Distribution Frequency N/A
- Net Income Ratio 0.83%
- Dividend Yield 4.0%
- Dividend Distribution Frequency Monthly
Fund Details
-
Legal NameiShares iBonds Dec 2030 Term Treasury ETF
-
Fund Family NameBlackRock-advised Funds
-
Inception DateJul 14, 2020
-
Shares Outstanding3750000
-
Share ClassN/A
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerJames Mauro
Fund Description
The Fund seeks to meet its investment objective generally by investing in individual securities which satisfy the criteria of the ICE 2030 Maturity US Treasury Index (the “Underlying Index”). The Fund may also invest in short-term paper, cash and cash equivalents, including shares of money market funds advised by BFA or its affiliates.
The Fund is a term fund that will terminate on or about December 15, 2030, at which time it will distribute its remaining net assets to shareholders pursuant to a plan of liquidation. The
Fund does not seek to return any predetermined amount at maturity or in periodic distributions. The Underlying Index consists of publicly-issued U.S. Treasury securities that are scheduled to mature between January 1, 2030 and December 15, 2030, inclusive. Qualifying securities are U.S. Treasury notes and bonds having $1 billion or more of outstanding face value, excluding amounts held by the Federal Reserve System Open Market Account “SOMA”). In addition, the securities in the Underlying Index must have a fixed coupon schedule and be denominated in U.S. dollars. Excluded from the Underlying Index are inflation-linked securities, Treasury bills, cash management bills, any government agency debt issued with or without a government guarantee and zero-coupon issues that have been stripped from coupon-paying bonds. However, the amounts outstanding of qualifying securities in the Underlying Index are not reduced by any individual components of such securities (i.e., coupon or principal) that have been stripped after inclusion in the Underlying Index.
The Underlying Index is market value-weighted based on amounts
outstanding reduced by amounts held by the Federal Reserve SOMA. Accrued interest is calculated assuming next-day settlement. The Underlying Index is rebalanced on the last calendar day of the month, based on information available up to and including the third business day before the last business day of the month. New issues must settle on or before the following calendar month end rebalancing date in order to qualify for inclusion for such following month (e.g., an issue must settle on or before November 30 in order to be included in the index on October 31). The securities in the Underlying Index are updated on the last calendar day of each month until six months prior to maturity. Cash flows from bond payments that are received during the month are retained in the Underlying Index until the end of the month and then are removed as part of the rebalancing. Beginning June 30, 2030, the Underlying Index will not remove interest payments and matured securities at each rebalancing but instead will retain those amounts as a growing cash position throughout the remaining life of the Underlying Index.
BFA uses an indexing approach to try to achieve the Fund’s investment objective. Unlike many investment companies, the Fund does not try to “beat” the index it tracks and does not seek temporary defensive positions when markets decline or appear overvalued.
Indexing may eliminate the chance that the Fund will substantially outperform the Underlying Index but also may reduce some of the risks of active management, such as poor security selection. Indexing seeks to achieve lower costs and better after-tax performance by aiming to keep portfolio
turnover low in comparison to actively managed investment companies.
BFA uses a representative sampling indexing strategy to manage the Fund. “Representative sampling” is an indexing strategy that involves investing in a representative sample of securities that collectively has an investment profile similar to that of an applicable underlying index. The securities selected are expected to have, in the aggregate, investment characteristics (based on factors such as market value and industry weightings), fundamental characteristics (such as return variability, duration (i.e., a security's price sensitivity to a change in interest rates), maturity or credit ratings and yield) and liquidity measures similar to those of an applicable underlying index. The Fund may or may not hold all of the securities in the Underlying Index.
The Fund will invest at least 80% of its assets in the component securities of the Underlying Index, and the Fund will invest at least 90% of its assets in U.S. Treasury securities that BFA believes will help the Fund track the Underlying Index, in each case except during the last months of the Fund's operations, as described below. The Fund will invest no more than 10% of its assets in futures, options and swaps contracts that BFA believes will help the Fund track the Underlying Index. Cash and cash equivalent investments associated with a derivative position will be treated as part of that position for the purposes of calculating the percentage of investments included in the Underlying Index.
The Fund seeks to track the investment results of the Underlying Index before fees and expenses of the Fund. In the last months of operation, as the bonds
held by the Fund mature, the proceeds will not be reinvested by the Fund in bonds but instead will be held in cash and cash equivalents. To the extent that the Fund invests in money market or similar funds, it will incur the fees and expenses of such funds. By December 15, 2030, the Underlying Index is expected to consist almost entirely of cash earned in this manner. On or around this date, the Fund will wind up and terminate, and its net assets will be distributed to then-current shareholders pursuant to a plan of liquidation.
The Fund may lend securities representing up to one-third of the value of the Fund's total assets (including the value of any collateral received).
The Underlying Index is owned, maintained and administered by ICE Data Indices, LLC (the “Index Provider”or “IDI”), which is independent of the Fund and BFA. The Index Provider determines the composition and relative weightings of the securities in the Underlying Index and publishes information regarding the market value of the Underlying Index.
IBTK - Performance
Return Ranking - Trailing
| Period | IBTK Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 1.1% | 0.0% | 12.7% | 97.86% |
| 1 Yr | 5.0% | 2.7% | 15.4% | 89.84% |
| 3 Yr | -3.0%* | -8.2% | 4.1% | 99.46% |
| 5 Yr | N/A* | -6.4% | 6.0% | 25.90% |
| 10 Yr | N/A* | 1.8% | 5.2% | 39.66% |
* Annualized
Return Ranking - Calendar
| Period | IBTK Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 0.9% | -9.8% | 12.8% | 94.62% |
| 2022 | -16.5% | -38.3% | -3.8% | 60.75% |
| 2021 | -4.6% | -9.1% | 10.3% | 88.59% |
| 2020 | N/A | -13.4% | 12.6% | N/A |
| 2019 | N/A | -1.1% | 13.9% | N/A |
Total Return Ranking - Trailing
| Period | IBTK Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 1.1% | 0.0% | 12.7% | 97.86% |
| 1 Yr | 5.0% | 2.7% | 15.4% | 89.84% |
| 3 Yr | -3.0%* | -8.2% | 4.1% | 99.46% |
| 5 Yr | N/A* | -6.4% | 6.0% | N/A |
| 10 Yr | N/A* | 1.8% | 5.2% | N/A |
* Annualized
Total Return Ranking - Calendar
| Period | IBTK Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 4.1% | -9.8% | 15.4% | 93.55% |
| 2022 | -14.7% | -16.9% | -2.9% | 90.86% |
| 2021 | -3.8% | -3.8% | 10.3% | 100.00% |
| 2020 | N/A | -13.4% | 16.6% | N/A |
| 2019 | N/A | 4.7% | 25.2% | N/A |
IBTK - Holdings
Concentration Analysis
| IBTK | Category Low | Category High | IBTK % Rank | |
|---|---|---|---|---|
| Net Assets | 221 M | 3.58 M | 35.6 B | 51.87% |
| Number of Holdings | 16 | 2 | 1478 | 68.45% |
| Net Assets in Top 10 | 219 M | 2.94 M | 35.5 B | 44.39% |
| Weighting of Top 10 | 85.93% | 4.6% | 124.2% | 44.69% |
Top 10 Holdings
- U.S. Treasury Notes 17.83%
- U.S. Treasury Notes 13.19%
- U.S. Treasury Notes 11.16%
- U.S. Treasury Notes 8.25%
- U.S. Treasury Notes 7.56%
- U.S. Treasury Notes 6.19%
- U.S. Treasury Notes 5.80%
- U.S. Treasury Notes 5.75%
- U.S. Treasury Notes 5.71%
- U.S. Treasury Notes 4.49%
Asset Allocation
| Weighting | Return Low | Return High | IBTK % Rank | |
|---|---|---|---|---|
| Bonds | 98.44% | 0.00% | 109.30% | 9.63% |
| Cash | 1.56% | -24.70% | 53.61% | 47.06% |
| Stocks | 0.00% | 0.00% | 100.15% | 91.98% |
| Preferred Stocks | 0.00% | 0.00% | 11.70% | 88.24% |
| Other | 0.00% | 0.00% | 5.62% | 88.77% |
| Convertible Bonds | 0.00% | 0.00% | 6.56% | 94.65% |
Bond Sector Breakdown
| Weighting | Return Low | Return High | IBTK % Rank | |
|---|---|---|---|---|
| Government | 99.44% | 0.00% | 99.79% | 3.21% |
| Cash & Equivalents | 0.85% | 0.00% | 80.50% | 47.59% |
| Derivative | 0.00% | 0.00% | 0.17% | 88.24% |
| Securitized | 0.00% | 0.00% | 81.91% | 93.05% |
| Corporate | 0.00% | 0.00% | 99.84% | 95.19% |
| Municipal | 0.00% | 0.00% | 99.98% | 95.19% |
Bond Geographic Breakdown
| Weighting | Return Low | Return High | IBTK % Rank | |
|---|---|---|---|---|
| US | 98.44% | 0.00% | 109.30% | 9.63% |
| Non US | 0.00% | 0.00% | 4.29% | 88.77% |
IBTK - Expenses
Operational Fees
| IBTK Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 0.07% | 0.05% | 13.27% | 97.85% |
| Management Fee | 0.07% | 0.00% | 0.79% | 34.29% |
| 12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
| Administrative Fee | N/A | 0.01% | 0.29% | N/A |
Sales Fees
| IBTK Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | N/A | 2.75% | 5.75% | N/A |
| Deferred Load | N/A | 1.00% | 4.00% | N/A |
Trading Fees
| IBTK Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | N/A | N/A | N/A | N/A |
Related Fees
Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.
| IBTK Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 37.00% | 0.00% | 121.26% | 68.79% |
IBTK - Distributions
Dividend Yield Analysis
| IBTK | Category Low | Category High | IBTK % Rank | |
|---|---|---|---|---|
| Dividend Yield | 3.97% | 0.00% | 9.37% | 27.81% |
Dividend Distribution Analysis
| IBTK | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Monthly | Annual | Monthly | Annual |
Net Income Ratio Analysis
| IBTK | Category Low | Category High | IBTK % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 0.83% | -0.06% | 5.71% | 89.14% |
Capital Gain Distribution Analysis
| IBTK | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Semi-Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Nov 01, 2024 | $0.064 | OrdinaryDividend |
| Oct 01, 2024 | $0.062 | OrdinaryDividend |
| Sep 03, 2024 | $0.064 | OrdinaryDividend |
| Aug 01, 2024 | $0.064 | OrdinaryDividend |
| Jul 01, 2024 | $0.062 | OrdinaryDividend |
| Jun 03, 2024 | $0.064 | OrdinaryDividend |
| May 01, 2024 | $0.062 | OrdinaryDividend |
| Apr 01, 2024 | $0.067 | OrdinaryDividend |
| Mar 01, 2024 | $0.059 | OrdinaryDividend |
| Feb 01, 2024 | $0.060 | OrdinaryDividend |
| Dec 14, 2023 | $0.060 | OrdinaryDividend |
| Dec 01, 2023 | $0.063 | OrdinaryDividend |
| Nov 01, 2023 | $0.062 | OrdinaryDividend |
| Oct 02, 2023 | $0.040 | OrdinaryDividend |
| Sep 01, 2023 | $0.052 | OrdinaryDividend |
| Aug 01, 2023 | $0.049 | OrdinaryDividend |
| Jul 03, 2023 | $0.046 | OrdinaryDividend |
| Jun 01, 2023 | $0.046 | OrdinaryDividend |
| May 01, 2023 | $0.044 | OrdinaryDividend |
| Apr 03, 2023 | $0.047 | OrdinaryDividend |
| Mar 01, 2023 | $0.039 | OrdinaryDividend |
| Feb 01, 2023 | $0.055 | OrdinaryDividend |
| Dec 15, 2022 | $0.038 | OrdinaryDividend |
| Dec 01, 2022 | $0.035 | OrdinaryDividend |
| Nov 01, 2022 | $0.089 | OrdinaryDividend |
| Oct 03, 2022 | $0.044 | OrdinaryDividend |
| Sep 01, 2022 | $0.047 | OrdinaryDividend |
| Aug 01, 2022 | $0.023 | OrdinaryDividend |
| Jul 01, 2022 | $0.038 | OrdinaryDividend |
| Jun 01, 2022 | $0.039 | OrdinaryDividend |
| May 02, 2022 | $0.021 | OrdinaryDividend |
| Apr 01, 2022 | $0.031 | OrdinaryDividend |
| Mar 01, 2022 | $0.028 | OrdinaryDividend |
| Feb 01, 2022 | $0.009 | OrdinaryDividend |
| Dec 16, 2021 | $0.019 | OrdinaryDividend |
| Dec 01, 2021 | $0.019 | OrdinaryDividend |
| Nov 01, 2021 | $0.020 | OrdinaryDividend |
| Oct 01, 2021 | $0.019 | OrdinaryDividend |
| Sep 01, 2021 | $0.019 | OrdinaryDividend |
| Aug 02, 2021 | $0.019 | OrdinaryDividend |
| Jul 01, 2021 | $0.011 | OrdinaryDividend |
| Jun 01, 2021 | $0.016 | OrdinaryDividend |
| May 03, 2021 | $0.015 | OrdinaryDividend |
| Apr 01, 2021 | $0.014 | OrdinaryDividend |
| Mar 01, 2021 | $0.013 | OrdinaryDividend |
| Feb 01, 2021 | $0.012 | OrdinaryDividend |
| Dec 17, 2020 | $0.014 | OrdinaryDividend |
| Dec 01, 2020 | $0.012 | OrdinaryDividend |
| Nov 02, 2020 | $0.013 | OrdinaryDividend |
| Oct 01, 2020 | $0.013 | OrdinaryDividend |
| Sep 01, 2020 | $0.013 | OrdinaryDividend |
IBTK - Fund Manager Analysis
Managers
James Mauro
Start Date
Tenure
Tenure Rank
Jul 14, 2020
1.88
1.9%
Head of San Francisco Fixed Income Core PM at BlackRock, Inc. since 2020; Managing Director of BlackRock, Inc. since 2015; Director of BlackRock, Inc. from 2010 to 2014; Vice President of State Street Global Advisors from 2001 to 2010. James Mauro has been employed by BlackRock Fund Advisors and BlackRock Institutional Trust Company, N.A. (“BTC”) as a portfolio manager since 2011. Prior to joining BTC, Mr. Mauro was a Vice President at State Street Global Advisors. His primary responsibilities include management of all government, inflation linked and derivative strategies. Other responsibilities include hedging and managing risk across all asset classes through futures and option overlays. James joined State Street Corporation in 1993. Previously, he worked as a portfolio manager on the passive team where he co-managed several Bond Index portfolios.
Karen Uyehara
Start Date
Tenure
Tenure Rank
Mar 01, 2021
1.25
1.3%
Ms. Uyehara is a Director of BlackRock, which she joined in 2010. Ms. Uyehara is a portfolio manager and member of BlackRock’s Model-Based Fixed Income Portfolio Management Group. Prior to joining BlackRock, Ms. Uyehara was a portfolio manager at Western Asset Management Company from2002 to 2010.
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.08 | 17.59 | 6.48 | 3.75 |
