IBDW – iShares iBonds Dec 2031 Term Corp ETF – ETF Investment Strategy | Morningstar

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Strategy

The investment seeks to track the investment results of the Bloomberg December 2031 Maturity Corporate Index composed of U.S. dollar-denominated, investment-grade corporate bonds maturing in 2031. The index is composed of U.S. dollar-denominated, taxable, investment-grade corporate bonds scheduled to mature between January 1, 2031 and December 15, 2031, inclusive. The fund will invest at least 80% of its assets in the component instruments of the underlying index, and will invest at least 90% of its assets in fixed income securities of the types included in the underlying index. It is non-diversified.

Ticker	Name	Share Class Type	Investment Status	Morningstar Rating for Funds Overall	Medalist Rating Overall	Inception Date	Total Net Assets for Share Class	Adjusted Expense Ratio	Fee Level Distribution	Minimum Initial Investment	1-Year Net Flow
IBDW	iShares iBonds Dec 2031 Term Corporate ETF	ETF	Open	—	—	Jun 22, 2021	$2.68B	0.100%	—	—	$782.37M

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