iShares Launches Term Corporate Bond ETFs

June 24, 2013

iShares rolled out four target-date maturity corporate bond funds in April. Each of the so-called term funds coming to market will expire on March 31 of the year in the given fund’s name. They each comprise U.S.-dollar denominated, investment-grade corporate debt from issuers with at least $250 million of outstanding face value.

The funds will compete directly with Guggenheim’s BulletShares roster that currently comprises eight ETFs; the firm began rolling out the family in 2010. Although the BulletShares have been very successful, the iShares target-date funds come with a price advantage, costing 0.10 percent each versus BulletShares’ 0.24 percent price tag.

The ETFs and tickers are as follows:

  • The iShares 2016 Investment Grade Corporate Bond ETF (NYSE Arca: IBCB)
  • The iShares 2018 Investment Grade Corporate Bond ETF (NYSE Arca: IBCC)
  • The iShares 2020 Investment Grade Corporate Bond ETF (NYSE Arca: IBCD)
  • The iShares 2023 Investment Grade Corporate Bond ETF (NYSE Arca: IBCE)

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