At a glance
IBDV charges 0.1% a year, below the 0.13% average of the 7 funds most like it (the 6th cheapest of 8). It has $3.28B in assets, the 8th largest of that group; it paid 4.56% of its price in distributions over the past 12 months, monthly. Over the past year it returned +0.1% with distributions reinvested, 7th of those 8 funds; over three years it returned +6.7% a year. At its worst it fell 18.1% in the 2022 bear market (S&P 500: 24.5%), and was back at its earlier high 33 months after the low. Its ten largest positions make up 6.2% of the fund, out of 731 in all.
The short version
iShares iBonds Dec 2030 Term Corporate ETF (IBDV), from BlackRock, tracks the Bloomberg December 2030 Maturity Corporate Index. As of July 31, 2026, it held 731 investment-grade corporate bonds, all due to mature in 2030. Unlike most bond funds, it has an end date: it plans to close on or about December 15, 2030 and pay out what's left. It charges 0.10% a year, more than IGSB at 0.04%.
Price history
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IBDV +0.1% over the year to Oct 27, 2026, total return with distributions reinvested.
How it has behaved
| YTD | 1 yr | 3 yr | 5 yr | 10 yr | Since start | |
|---|---|---|---|---|---|---|
| IBDV official prospectus, to Dec 31, 2025 | — | +8.27% | — | +0.21% | — | +1.10% |
| Bloomberg US Universal Index index, same period | — | +7.58% | — | +0.06% | — | +0.49% |
| IBDV price data to Oct 27, 2026 | -0.3% | +0.1% | +6.7% | +0.5% | — | +0.6% |
- Over the year to Oct 27, 2026, IBDV returned +0.1%, 7th of 8 among similar funds.
- Its 5-year annualized return was +0.5%.
- Its worst full calendar year was 2022 (-14.8%); its best was 2023 (+8.5%).
- The deepest fall in its price history was 21.6% (Aug 2, 2021 to Oct 20, 2022), recovered by Sep 11, 2025.
Show as a table
| Year | Price data | Prospectus (official) |
|---|---|---|
| 2026 (to date) | -0.3% | — |
| 2025 | +8.1% | +8.27% |
| 2024 | +3.3% | +3.57% |
| 2023 | +8.5% | +8.43% |
| 2022 | -14.8% | -14.76% |
| 2021 | — | -2.52% |
| 2008 financial crisis stocks fell Oct 9, 2007 – Mar 9, 2009 | Before this security existed |
|---|---|
| 2020 COVID crash stocks fell Feb 19, 2020 – Mar 23, 2020 | Before this security existed |
| 2022 bear market stocks fell Jan 3, 2022 – Oct 12, 2022 | Lost 17.9% over that stretch · deepest drop along the way 18.1%, back to its old high 32.5 months after the low |
Dividends and income
Show as a table
| Year | Per share | Change |
|---|---|---|
| 2026 (to date) | $0.7200 | |
| 2025 | $0.9800 | 0.0% |
| 2024 | $0.9800 | +11.4% |
| 2023 | $0.8800 | +44.3% |
| 2022 | $0.6100 |
What's inside
As of Jul 31, 2026, the fund held 731 securities; the ten largest made up 6.24% of assets, and 6.25% sat in cash and money-market holdings.
| Holding | Weight | |
|---|---|---|
| T-MOBILE USA INC Bonds and notes | 1.16% | |
| BOEING CO Bonds and notes | 0.74% | |
| DEUTSCHE TELEKOM INT FIN Bonds and notes | 0.66% | |
| META PLATFORMS INC Bonds and notes | 0.62% | |
| BRITISH TELECOMMUNICATIO Bonds and notes | 0.56% | |
| PACIFIC GAS & ELECTRIC Bonds and notes | 0.52% | |
| PFIZER INVESTMENT ENTER Bonds and notes | 0.51% | |
| AT&T INC Bonds and notes | 0.50% | |
| ORACLE CORP Bonds and notes | 0.49% | |
| AMGEN INC Bonds and notes | 0.49% | |
| ORACLE CORP Bonds and notes | 0.46% | |
| CITIBANK NA Bonds and notes | 0.44% | |
| GOLDMAN SACHS GROUP INC Bonds and notes | 0.42% | |
| AMAZON.COM INC Bonds and notes | 0.42% | |
| HCA INC Bonds and notes | 0.42% |
By country
United States 85.59%Japan 2.52%United Kingdom 2.27%Canada 1.92%Netherlands 1.07%By issuer
Companies 92.23%Other 6.45%The bonds mature in 3.8 years on average (weighted by size), with an average coupon of 3.87%.
Source: N-PORT holdings report as of Jul 31, 2026. Cash, money-market funds and derivatives are shown separately from the securities list.What changed recently
- Over the three months to Jul 31, 2026, investors added a net $281.0M (creations minus redemptions, per the N-PORT report).
- Monthly total returns reported for that quarter: +0.20%, +0.10%, -0.41%.
How it works
IBDV tracks the Bloomberg December 2030 Maturity Corporate Index. Bloomberg starts with its broad Bloomberg U.S. Corporate Index and keeps only the bonds scheduled to mature between January 1 and December 15, 2030. Each bond must be in US dollars, pay a fixed rate and have at least $300 million outstanding. It must also be rated investment grade, meaning BBB- or higher from S&P or Fitch, or Baa3 or higher from Moody's. Those ratings go to companies judged less likely to default. Companies based outside the US can be included, and most of them are from developed countries.
Each bond is weighted by its market value, so larger issues count for more. No single issuer can usually make up more than 3%. The index is updated at the end of each month. BlackRock uses representative sampling, which means it holds a group of bonds that closely resembles the index instead of buying every one. As of July 31, 2026, the fund held 731 issues. The top 10 made up just 6.24%, led by T-Mobile USA at 1.16% and Boeing at 0.74%.
The last rebalance is June 30, 2030. After that, a bond is removed only if it's downgraded below investment grade, and bonds that mature are held as cash. On or about December 15, 2030, the fund closes and pays out its remaining assets. It does not promise any set amount back.
What it really costs
- IBDV charges 0.1% a year, versus an average of 0.13% for the similar funds below (6th of 8, cheapest first).
- Using the prospectus's standard example, $10,000 invested would cost about $10 in the first year and $— over 10 years (assuming a 5% annual return).
| Cost of $10,000 (SEC example) | 1 yr | 3 yrs | 5 yrs | 10 yrs |
|---|---|---|---|---|
| IBDV | $10 | $32 | $— | $— |
Structure and tax notes
- Bond prices move opposite to interest rates; the longer the maturities it holds, the more its price reacts to rate changes.
In a retirement portfolio
IBDV pays monthly income from investment-grade corporate bonds and has a fixed end date, so it can be lined up with a known expense around 2030.
IBDV could give a retirement portfolio a bond holding that ends at a known time. It plans to pay out its assets around December 15, 2030, and it pays income monthly. Its trailing 12-month yield was 4.56% as of October 27, 2026. The fund is too new to have gone through 2008 or 2020. In the 2022 bear market it fell 18.1%, and it took about 32.5 months, until June 2025, to recover. Its deepest drop was 21.6%, from August 2021 to October 2022, and it was not fully recovered until September 2025. Calendar 2022 was its worst year, at -14.76%. Anyone who had to sell in late 2022 would have locked in that loss. Its annual cost is 0.10%, or about $10 on $10,000 in the first year. Past results don't predict future returns, and a plan should look at the whole portfolio, not one fund.
Who it may suit — and who should look elsewhere
May suit
- Investors building a bond ladder who want investment-grade corporate bonds maturing in 2030, with a final payout around December 15, 2030.
- Retirees seeking monthly income spread across 731 bonds as of July 31, 2026, where the largest issuer, T-Mobile USA, was just 1.16%.
- Investors who like that the fund holds bonds to maturity, so its sensitivity to interest rates shrinks as 2030 gets closer.
Look elsewhere if
- Cost-focused investors: IGSB charges 0.04% and VCSH 0.03%, against IBDV's 0.10%, for a similar average maturity.
- Investors seeking inflation protection; the prospectus says the fund is not designed to protect against inflation.
- Investors who need a guaranteed amount back; the fund promises no set payout and fell 21.6% from August 2021 to October 2022.
Close alternatives
Matched by bond funds with the closest average maturity and issuer mix (N-PORT).
| Fund | Avg. maturity | Cost | Net assets | 1 yr | 3 yr |
|---|---|---|---|---|---|
| IBDV this fund | 3.8 yrs | 0.1% | $3.28B | +0.1% | +6.7% |
| IGSB iShares 1-5 Year Investment Grade Corporate… | 3.7 yrs | 0.04% | $23.46B | +1.5% | +5.4% |
| VCSH Vanguard Short-Term Corporate Bond ETF | 3.5 yrs | 0.03% | $51.74B | +1.9% | +5.7% |
| SPSB SPDR Portfolio Short Term Corporate Bond ETF | 2.4 yrs | 0.04% | $10.63B | +2.3% | +5.1% |
| HYG iShares iBoxx $ High Yield Corporate Bond E… | 5.4 yrs | 0.49% | $16.19B | +0.9% | +7.4% |
| USHY iShares Broad USD High Yield Corporate Bond… | 5.4 yrs | 0.08% | $28.59B | +1.2% | +7.7% |
| SPIB SPDR Portfolio Intermediate Term Corporate … | 5.6 yrs | 0.04% | $11.57B | 0.0% | +6.1% |
| JPST JPMorgan Ultra-Short Income ETF | 2 yrs | 0.18% | $41.13B | +3.1% | +4.8% |
Questions investors ask
When does IBDV mature and what happens then?
IBDV plans to close on or about December 15, 2030. Its index holds corporate bonds that mature between January 1 and December 15, 2030. As those bonds pay back, the money is held as cash. At the end, the fund pays its remaining net assets to shareholders under a plan of liquidation. It does not promise any set amount. The final payout depends on bond prices, defaults and downgrades along the way.
Does IBDV pay monthly dividends?
Yes. IBDV pays income monthly. Over the 12 months to October 27, 2026, it paid about $0.97 per share, a trailing yield of 4.56%. The amount varies from month to month. The prospectus warns that income may fall as bonds mature or are called (repaid early). It also warns that in the months before the fund's 2030 end date, its yield may move toward money market rates.
IBDV vs IGSB: what's the difference?
Both are iShares funds of investment-grade corporate bonds with similar average maturities: 3.8 years for IBDV as of July 31, 2026, and 3.7 years for IGSB as of August 31, 2026. The main difference is that IBDV ends around December 15, 2030. IGSB keeps rolling into new bonds maturing in one to five years and has no end date. IGSB also costs 0.04% a year, against 0.10% for IBDV, and is far larger, with about $23.5 billion in net assets.
How much did IBDV lose in 2022?
IBDV lost 14.76% in calendar 2022, its worst year, as rising interest rates pushed bond prices down. Its deepest drop was 21.6%, from August 2, 2021 to October 20, 2022. It didn't get back to that earlier peak until September 11, 2025, about 34.7 months later. The following years were better. According to the prospectus, it returned 8.43% in 2023, 3.57% in 2024 and 8.27% in 2025.
What is IBDV's expense ratio?
IBDV's expense ratio is 0.10% a year, according to the prospectus filed February 23, 2026, with no fee waiver. The SEC's standard example assumes $10,000 invested and a 5% annual return. On that basis, the fund would cost about $10 in the first year and $32 over three years. That is below the 0.13% average for similar funds but above IGSB at 0.04%, VCSH at 0.03% and SPSB at 0.04%.