IBCE

iShares iBonds Mar 2023 Term Corporate ex-Financials ETF
*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

IBCE is part of iShares’ Target Maturity Bond suite. As such, the fund behaves more like a bond than a typical bond fund. The fund targets a specific duration, in this case March 2023 and a target credit rating of A/A2. The fund achieves this by creating and combining two credit quality subsets: Aaa to A3 rated bonds and Baa1 to Baa3 rated bonds from Bloomberg Barclays U.S. Corporate Index (Parent Index). The bonds are market-cap weighted within each subset, with a 3% issuer cap. As the fund approaches its stated maturity, duration and YTM will continue to decline. On its target maturity 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 Corporate bond market and 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 A based on a score of 6.28 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 55th percentile within its peer group and in the 48th percentile within the global universe of all funds covered by MSCI ESG Fund Ratings.

PERFORMANCE [as of 07/26/21] 1 MONTH 3 MONTHS YTD 1 YEAR 3 YEARS 5 YEARS 10 YEARS
IBCE 0.06% 0.10% -0.04% 0.43% 4.33% 2.29% --
IBCE (NAV) 0.07% 0.11% 0.18% 0.67% 4.31% 2.46% --
Bloomberg Barclays U.S. Corporate Bond 1-3 Year Index 0.15% 0.23% 0.34% 1.29% 3.58% 2.57% 2.30%
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%
$30.96M
$48.58K
0.41%

IBCE Portfolio Data

1.30
--
0.49%
08/02/21
259

IBCE Index Data

Tiered
Maturity
Bloomberg Barclays U.S. Corporate Bond 1-3 Year Index

IBCE Portfolio Management

0.10%
--
--
--

IBCE Tax Exposures

20.00% / 39.60%
--
Ordinary income
No

IBCE Fund Structure

Open-Ended Fund
No
Yes
-- / --
N/A
N/A
High
Daily

IBCE Factset Analytics Block Liquidity

As of 07/27/21
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

1,975
$48.58K
303
$7.51K
0.41%
$0.10
0.08%
0.38% / -0.07%
None
100.00%
50,000
0.01
0.01%
--
0
$24.77
N/A

IBCE Sector/Industry Breakdown


IBCE
Segment Benchmark
77.28%
--
14.51%
--
8.21%
--

IBCE Top 10 Holdings[View All]

3.09%
2.23%
1.68%
1.66%
1.53%
1.45%
1.26%
1.23%
1.23%
1.22%
16.59%

IBCE Top 5 Countries


IBCE
Segment Benchmark
92.27%
--
3.06%
--
1.66%
--
1.42%
--
0.77%
--

IBCE Top 5 Currencies


IBCE
Segment Benchmark
92.27%
--
3.06%
--
1.66%
--
1.42%
--
0.77%
--

IBCE Performance Statistics

0.88
0.72
--
--
--

IBCE MSCI ESG Ratings

6.28 / 10
48.16
55.33
13.14%
3.39%
299.58

IBCE Holdings Statistics

1.32 years
1.30
0.49%
1.29
Low
259
0.25%

IBCE Avg Life Maturity Distribution

15.01%
84.99%
--
--
--
--
--
--
--

IBCE OAS Breakdown

99.30%
0.70%
--
--
--
--
--
--
--
--
--