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Create scalable, diversified bond ladders with ease using iShares iBonds® ETFs
Performance data represents past performance and does not guarantee future results. Investment return and principal value will fluctuate with market conditions and may be lower or higher when you sell your shares. Current performance may differ from the performance shown. Click on the fund name or ticker for month-end performance and standardized performance. This information must be preceded or accompanied by a current prospectus. Investors should read and consider it carefully before investing.
The Portfolio characteristics shown in the "Key Metrics" section are the weighted average characteristics of the ETFs that comprise the Portfolio based on the percentage allocations shown below, with the exception of the "Tax Equivalent SEC Yield", "Tax Equivalent Est. Net Acquisition Yield" and "Number of Bonds". For Portfolios composed of municipal bonds and at least one other bond type, e.g. municipal and treasury, "Tax Equivalent SEC Yield" and "Tax Equivalent Est. Net Acquisition Yield" are calculated as the weighted average of tax equivalent yields for tax-exempt bonds and taxable yields for taxable bonds. Taxable yields are not adjusted in these weighted averages to help demonstrate the value in municipal bonds relative to taxable bonds at a given tax rate on the Portfolio-level. "Number of Bonds" is the number of holdings in the Portfolio excluding cash positions and derivatives such as futures and currency forwards.
Fund Name | Weight (%) | Dollar Amount ($) | Number of Shares | 30 Day SEC Yield (%) | Tax Equiv. SEC Yield (%) | Yield to Maturity (%) | Weighted Avg Mat (yrs) | Effective Duration (yrs) | Number of Bonds | |
|---|---|---|---|---|---|---|---|---|---|---|
| TOTAL | 0.00 | $0 |
Performance data represents past performance and does not guarantee future results. Investment return and principal value will fluctuate with market conditions and may be lower or higher when you sell your shares. Current performance may differ from the performance shown. Click on the fund name or ticker for month-end performance and standardized performance. This information must be preceded or accompanied by a current prospectus. Investors should read and consider it carefully before investing.
The Portfolio characteristics shown in the "Key Metrics" section are the weighted average characteristics of the ETFs that comprise the Portfolio based on the percentage allocations shown under the "Customize Ladder" section below, with the exception of the "Tax Equivalent SEC Yield", "Tax Equivalent Est. Net Acquisition Yield" and "Number of Bonds". For Portfolios composed of municipal bonds and at least one other bond type, e.g. municipal and treasury, "Tax Equivalent SEC Yield" and "Tax Equivalent Est. Net Acquisition Yield" are calculated as the weighted average of tax equivalent yields for tax-exempt bonds and taxable yields for taxable bonds. Taxable yields are not adjusted in these weighted averages to help demonstrate the value in municipal bonds relative to taxable bonds at a given tax rate on the Portfolio-level. "Number of Bonds" is the number of holdings in the Portfolio excluding cash positions and derivatives such as futures and currency forwards. This information should not be relied upon as research, investment advice or a recommendation regarding the Funds or any security in particular. This information is strictly for illustrative and educational purposes and is subject to change. This information should not be relied upon as a primary basis for an investment decision. Rather, an assessment should be made as to whether the information is appropriate in individual circumstances and consideration should be given to talking to a financial professional before making an investment decision.
Ticker | NAV ($) | Previous Close Price ($) | Price ($) | Number of Shares | Yield to Maturity (%) | Price Adjustment (%) | Price Adjusted Yield (%) | Expense Ratio (%) | Est. Net Acquisition Yield (%) | Tax Equivalent Est. Net Acquisition Yield (%) |
|---|---|---|---|---|---|---|---|---|---|---|
LADDER |
Performance data represents past performance and does not guarantee future results. Investment return and principal value will fluctuate with market conditions and may be lower or higher when you sell your shares. Current performance may differ from the performance shown. Click on the fund name or ticker for month-end performance and standardized performance. This information must be preceded or accompanied by a current prospectus. Investors should read and consider it carefully before investing.
The Estimated Net Acquisition Yield (ENA Yield) is based on the previous close price or a projected market purchase price input from the user. This estimate also reflects the deduction of the expense ratio.
Please note that the results generated by the Estimated Net Acquisition Yield Calculator are for illustrative purposes only and are not representative of any specific investment outcome. The ENA Yield metric does not include the impact of cash reinvestment rates (e.g., during the final year prior to maturity), potential losses arising from credit downgrades or defaults, or changes to the portfolio composition over time. The Average Yield to Maturity shown is the weighted average yield to maturity of the individual bonds. During the final year of the fund's life, assuming that the bonds do not default, the underlying bonds will mature and the proceeds will be held in cash equivalents until the liquidation of the fund. The investor's total realized yield to fund maturity will be influenced by the yield earned on these proceeds during the final year. If the future yield on cash equivalents is lower than the current Average Yield to Maturity for the portfolio's bonds, the realized yield to fund maturity is also expected to be lower and vice versa.
For Portfolios composed of municipal bonds and at least one other bond type, e.g. municipal and treasury, "Tax Equivalent SEC Yield" and "Tax Equivalent Est. Net Acquisition Yield" are calculated as the weighted average of tax equivalent yields for tax-exempt bonds and taxable yields for taxable bonds. Taxable yields are not adjusted in these weighted averages to help demonstrate the value in municipal bonds relative to taxable bonds at a given tax rate on the Portfolio-level.
Credit quality ratings on underlying securities of the fund are received from S&P, Moody’s and Fitch and converted to the equivalent S&P major rating category. This breakdown is provided by BlackRock and takes the median rating of the three agencies when all three agencies rate a security, the lower of the two ratings if only two agencies rate a security, and one rating if that is all that is provided. Unrated securities do not necessarily indicate low quality. Below investment-grade is represented by a rating of BB and below. Ratings and portfolio credit quality may change over time.
The credit quality of a particular security or group of securities may be based upon a rating from a nationally recognized statistical rating organization or, if unrated by a ratings organization, assigned an internal rating by BlackRock, neither of which ensures the stability or safety of an overall portfolio.
Allocations are subject to change.
Please make sure that at least one fund is selected and the weight distribution is 100%
Allocations are subject to change
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By downloading this information, you acknowledge that this material is only part of the material provided by the iShares iBonds Ladder Tool. You are extracting this material on your own initiative and are responsible for compliance with applicable local laws and regulations. BlackRock expressly disclaims all liability for errors and omissions in materials downloaded from the tool(s) and for the use or interpretation by others of information contained therein.
Performance shown may reflect fee waivers and/or expense reimbursements by the investment advisor to the fund for some or all of the periods shown. If applicable, performance would have been lower without such waivers.
Any information contained in or generated by the tool should not be construed as or relied upon as investment advice, research or a recommendation by BlackRock Investments, LLC or any of its affiliates (collectively, "BlackRock") regarding the use or suitability of any particular asset allocation, fund or overall investment strategy.
This information must be preceded or accompanied by a current prospectus. Investors should read it carefully and consider before investing.
Investing involves risk, including possible loss of principal.
No proprietary technology or asset allocation model is a guarantee against loss of principal. There can be no assurance that an investment strategy based on this report will be successful.
The tool is provided on an "as-is" basis. BlackRock expressly disclaims all warranties, express or implied, statutory or otherwise with respect to the tool (and any results obtained from its use) including, without limitation, all warranties or merchantability, fitness for a particular purpose or use, accuracy, completeness, originality and/or non-infringement. In no event shall BlackRock have any liability for any claims, damages, obligations, liabilities or losses relating to any use of the tool or the report(s) generated by the tool, including, without limitation, any liability for any direct, indirect, special, incidental, punitive and/or consequential damages (including loss of profits or principal).
U.S. financial advisors: the data collected through this tool is treated pursuant to BlackRock’s Data Promise.
Shares of ETFs are bought and sold at market price (not NAV) and are not individually redeemed from the fund. Any applicable brokerage commissions will reduce returns. Beginning August 10, 2020, market price returns for BlackRock and iShares ETFs are calculated using the closing price and account for distributions from the fund. Prior to August 10, 2020, market price returns for BlackRock and iShares ETFs were calculated using the midpoint price and accounted for distributions from the fund. The midpoint is the average of the bid/ask prices at 4:00 PM ET (when NAV is normally determined for most ETFs). The returns shown do not represent the returns you would receive if you traded shares at other times.
Fixed income risks include interest-rate and credit risk. Typically, when interest rates rise, there is a corresponding decline in bond values. Credit risk refers to the possibility that the bond issuer will not be able to make principal and interest payments. Non-investment-grade debt securities (high-yield/junk bonds) may be subject to greater market fluctuations, risk of default or loss of income and principal than higher-rated securities. There may be less information on the financial condition of municipal issuers than for public corporations. The market for municipal bonds may be less liquid than for taxable bonds. Some investors may be subject to federal or state income taxes or the Alternative Minimum Tax (AMT). Capital gains distributions, if any, are taxable.
An investment in the Funds is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency and its return and yield will fluctuate with market conditions.
TIPS can provide investors a hedge against inflation, as the inflation adjustment feature helps preserve the purchasing power of the investment. Because of this inflation adjustment feature, inflation protected bonds typically have lower yields than conventional fixed rate bonds and will likely decline in price during periods of deflation, which could result in losses. Government backing applies only to government issued securities, and does not apply to the funds.
The iShares® iBonds® ETFs (“Funds”) will terminate on or about October or December 15 of the year in each Fund’s name. An investment in the Fund(s) is not guaranteed, and an investor may experience losses, including near or at the termination date. Unlike a direct investment in a bond that has a level coupon payment and a fixed payment at maturity, the Fund(s) will make distributions of income that vary over time. In the final months of each Fund’s operation, as the bonds it holds mature, its portfolio will transition to cash and cash-like instruments. As a result, its yield will tend to move toward prevailing money market rates, and may be lower than the yields of the bonds previously held by the Fund and lower than prevailing yields in the bond market. As the Fund approaches its termination date, its holdings of money market or similar funds may increase, causing the Fund to incur the fees and expenses of these funds.
Following the Fund’s termination date, the Fund will distribute substantially all of its net assets, after deduction of any liabilities, to then-current investors without further notice and will no longer be listed or traded. The Funds’ distributions and liquidation proceeds are not predictable at the time of investment and the Funds do not seek to return any predetermined amount.
The rate of Fund distribution payments may adversely affect the tax characterization of an investor’s returns from an investment in the Fund relative to a direct investment in bonds. If the amount an investor receives as liquidation proceeds upon the Fund’s termination is higher or lower than the investor’s cost basis, the investor may experience a gain or loss for tax purposes.
The Funds are distributed by BlackRock Investments, LLC (together with its affiliates, “BlackRock”).
The funds identified in the tool are limited to funds distributed by BlackRock. Other investments not considered may have characteristics similar or superior to those that are included.
This information is intended for use in the United States. This information is not a solicitation for or offering of any investment product or service to any person in any jurisdiction or country in which such solicitation or offering would be unlawful.
©2025 BlackRock, Inc. or its affiliates. All rights reserved. iSHARES, iBONDS and BLACKROCK are trademarks of BlackRock, Inc. or its affiliates. All other trademarks are those of their respective owners.
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The iBonds Ladder Tool is for illustrative purposes only. The examples shown are equally weighted and are not a recommendation. Carefully consider the Funds' investment objectives, risk factors, and charges and expenses before investing. This and other information can be found in the Funds' prospectuses or, if available, the summary prospectuses, which may be obtained by visiting the iShares ETF and BlackRock Fund prospectus pages. Read the prospectus carefully before investing. Investing involves risk, including possible loss of principal.
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