Highlights

  • IBDW follows a defined index Investment mandate.
  • The fund reported 676 holdings on 4 November 2026.
  • Net Assets were approximately USD 2.73 billion on 5 November 2026.
  • The expense ratio is 0.10%, with monthly distributions listed.

iShares iBonds Dec 2031 Term Corporate ETF (NYSEARCA:IBDW) seeks to track the Bloomberg December 2031 Maturity Corporate Index. IBDW closed at USD 20.28 on 4 November 2026. Net assets were approximately USD 2.73 billion on 5 November 2026. The fund’s investment universe and the weight of its individual positions define the exposure available through its shares.

Investment mandate and underlying exposure

The fund targets corporate bonds maturing in 2031. This defines a particular calendar-year exposure within corporate fixed income. A maturity-year mandate can support a bond ladder structure, but the ETF itself remains a traded portfolio whose value changes with its holdings.

The disclosed corporate securities include bonds maturing at different points during 2031. Multiple security lines provide breadth within the target year, while individual companies can have more than one issue outstanding. Security-level Diversification should therefore be distinguished from the number of unrelated issuers.

Holdings weights and portfolio structure

As of 4 November 2026, Paramount Skydance Corp 144A represented 1.25%; Space Exploration Technologies Cor 144A represented 1.24%; Blk Csh Fnd Treasury Sl Agency represented 1.03%; Amazon.Com Inc represented 0.90%; Nvidia Corporation represented 0.75%; Salesforce Inc represented 0.71%.

The portfolio reported an effective duration of 4.04 yrs as of 4 November 2026. Duration measures sensitivity to Interest Rate changes; it is different from the date on which an individual bond matures. Holdings are individual securities or other portfolio positions. Several securities can relate to the same issuer, so the reported holdings count should not be read as an equivalent number of independent borrowers.

Fund costs distributions and risks

The listed expense ratio is 0.10%, and distributions are scheduled monthly. Fund distributions can vary with portfolio income and other relevant cash flows. The expense ratio describes a fund-level cost; trading shares can also involve Transaction Costs and a difference between the prices available to buyers and sellers.

Corporate Credit conditions and market interest rates can affect prices before the target year. Maturing securities and changes in portfolio composition can alter the fund’s exposure over time. The stated maturity year does not guarantee a particular distribution, Market Price or final amount received.

Key Insights

IBDW provides a defined exposure through its benchmark mandate. The disclosed corporate securities include bonds maturing at different points during 2031. Multiple security lines provide breadth within the target year, while individual companies can have more than one issue outstanding. The 676 reported holdings, their individual weights and the 0.10% expense ratio are relevant to interpreting the portfolio. The mandate and underlying instruments determine which economic risks remain shared across otherwise separate positions.