IBCE

iShares iBonds Mar 2023 Term Corporate ex-Financials ETF
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*Unless otherwise stated, data provided by FactSet.

IBCE Fund Description

IBCE tracks an index of investment grade USD-denominated bonds excluding those issued by financial firms. The target maturity fund will terminate in 2023 by design.

IBCE Factset Analytics Insight

As part of iShares’ Corporate ex-Financial Term Bond suite IBCE behaves more like a bond than a typical bond fund. The fund provides bullet maturity—in this case Mar, 2023 and target credit rating of A/A2—instead of perpetual exposure to a maturity pocket of the US corporate investment grade bond market. As the fund matures, its maturity, duration and YTM will continue to decline. On its target date, IBCE will unwind and return all capital to investors. The fund takes on an additional wrinkle–it excludes debts issued by financial firms. This is a big departure from the broad investment grade market and the competing target date suite from Guggenheim which financial debts receive substantial weighting. It’s an interesting choice for those who want to avoid the financial sector.

IBCE MSCI ESG Analytics Insight

iShares iBonds Mar 2023 Term Corporate ex-Financials ETF has an MSCI ESG Fund Rating of BBB based on a score of 5.12 out of 10. The MSCI ESG Fund Rating measures the resiliency of portfolios to long-term risks and opportunities arising from environmental, social, and governance factors. ESG Fund Ratings range from best (AAA) to worst (CCC). Highly rated funds consist of companies that tend to show strong and/or improving management of financially relevant environmental, social and governance issues. These companies may be more resilient to disruptions arising from ESG events.

The fund’s Peer Rank reflects the ranking of a fund’s MSCI ESG Fund Quality Score against the scores of other funds within the same peer group, as defined by the Thomson Reuters Lipper Global Classification. iShares iBonds Mar 2023 Term Corporate ex-Financials ETF ranks in the 44th percentile within its peer group and in the 79th percentile within the global universe of all funds covered by MSCI ESG Fund Ratings.

IBCE Charts And Performance

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PERFORMANCE [as of 09/13/19] 1 MONTH 3 MONTHS YTD 1 YEAR 3 YEARS 5 YEARS 10 YEARS
IBCE 0.01% 1.40% 5.86% 6.64% 2.09% 3.27% --
IBCE (NAV) -0.11% 0.95% 5.50% 6.51% 2.23% 3.40% --
Bloomberg Barclays Intermediate Corporate Bond Index -0.36% 1.68% 7.85% 8.44% 3.38% 3.49% 4.57%
All returns over 1 year are annualized. All returns are total returns unless otherwise stated.

IBCE Summary Data

Blackrock
iShares
04/17/13
Open-Ended Fund
0.10%
$25.69M
$26.15K
0.33%

IBCE Portfolio Data

2.92
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2.34%
10/01/19
211

IBCE Index Data

Tiered
Maturity
Bloomberg Barclays Intermediate Corporate Bond Index

IBCE Portfolio Management

0.10%
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IBCE Tax Exposures

20.00% / 39.60%
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Ordinary income
No

IBCE Fund Structure

Open-Ended Fund
No
Yes
80% / 20%
N/A
N/A
High
Daily
Cboe Book Viewer
Top Of Book
Last 10 Trades
Bats BZX Real-time Quote -
Daily Spread
Premium/Discount
Volume

IBCE Factset Analytics Block Liquidity

As of 09/16/19
5
4
3
2
1

This measurement shows how easy it is to trade a $1 million USD block of IBCE. IBCE is rated a N/A out of 5.

IBCE Tradability

976
$26.15K
375
$10.46K
0.33%
$0.08
0.02%
0.38% / -0.28%
None
100.00%
50,000
0.01
0.01%
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0
$24.42
N/A

IBCE Sector/Industry Breakdown


IBCE
Segment Benchmark
79.80%
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13.90%
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6.30%
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IBCE Top 10 Holdings[View All]

2.65%
1.90%
1.80%
1.68%
1.60%
1.58%
1.48%
1.40%
1.40%
1.38%
16.87%

IBCE Top 5 Countries


IBCE
Segment Benchmark
90.52%
--
3.55%
--
1.74%
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1.61%
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0.81%
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IBCE Top 5 Currencies


IBCE
Segment Benchmark
100.00%
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IBCE Performance Statistics

0.94
0.83
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IBCE MSCI ESG Ratings

BBB
5.12 / 10
78.74
44.39
13.90%
5.35%
289.55

IBCE Holdings Statistics

3.06 years
2.92
2.34%
2.92
Low
211
0.42%

IBCE Avg Life Maturity Distribution

0.86%
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39.80%
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IBCE OAS Breakdown

1.68%
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