iShares 5-10 Year Investment Grade Corporate Bond ETF (IGIB)
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IGIB: Sturdy Yield From Bonds, But You Can Do Better
iShares 5-10 Year Investment Grade Corporate Bond ETF (IGIB) offers a sturdy 5% yield via a diversified portfolio of USD-denominated, investment-grade corporate bonds. IGIB passively tracks the ICE BofA 5-10 Year US Corporate Index, maintaining a low 0.04% expense ratio and monthly distributions. The ETF's weighted average maturity is 7.53 years, with a weighted average coupon of 4.89% and a current yield to maturity of 5.11%.
AMJ Financial Wealth Management Purchases 13,723 Shares of iShares 5-10 Year Investment Grade Corporate Bond ETF $IGIB
AMJ Financial Wealth Management lifted its position in shares of iShares 5-10 Year Investment Grade Corporate Bond ETF (NASDAQ: IGIB) by 8.1% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 183,935 shares of the company's stock after purchasing an additional 13,723 shares
IGIB: Another Investment Grade Portfolio Hedge
The iShares 5-10 Year Investment Grade Corporate Bond ETF (IGIB) offers a balanced risk profile with a 6-year duration and a 5.38% yield to maturity. IGIB is less risky than IGLB but offers higher yields than AGG, making it ideal for cautious investors seeking income amid economic uncertainty. The ETF scores high on expenses, liquidity, and risk, with a low expense ratio of 0.04% and a diversified portfolio across various sectors.
iShares 5-10 Year Investment Grade Corporate Bond ETF Investors
| Name | Quantity | Cost | Value | Profit ($) | Gain (%) |
|---|---|---|---|---|---|
| TJD Thomas John Drogan PR Inc.IPAL SECURITIES Inc. | 5,504 | $288,718.21 | $289,923.2 | $1,204.99 | 0.42% |
| TMB Timothy M. Bidwell Hazlett, BURT & WATSON Inc. | 48 | $2,596.32 | $2,528.4 | -$67.92 | -2.62% |
| MM Michael Motolo CVS HEALTH Corp | 92,750 | $5M | $4.89M | -$111,578.25 | -2.23% |
| CE Curtis Ellergodt Rothschild Investment LLC | 750 | $40,410 | $39,506.25 | -$903.75 | -2.24% |
| RG Rafael Guijarro City National Bank Of Florida /MSD | 4,679 | $241,015 | $245,975.03 | $4,960.03 | 2.06% |
iShares 5-10 Year Investment Grade Corporate Bond ETF (IGIB) FAQ
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iShares 5-10 Year Investment Grade Corporate Bond ETF Profile
| NASDAQ (NMS) Exchange | US Country |
Overview
The provided company description outlines the investment strategy of a specific fund managed by BFA. The fund primarily focuses on investing in fixed income securities that are components of a specific index. The investment strategy emphasizes adhering to the characteristics of the underlying index, with at least 80% of the fund's assets invested in the securities that make up the index. Additionally, the fund aims to allocate at least 90% of its assets towards fixed income securities that are similar to those in the index, demonstrating BFA’s intention to closely track the index’s performance. BFA also allows for a flexible portion of the fund’s assets (up to 10%) to be invested in derivatives such as futures, options, and swaps, along with fixed income securities not included in the index, as long as these investments are believed to aid in tracking the index effectively. This approach reflects a balanced strategy of following a predefined index while also granting the flexibility to adjust the portfolio to optimize tracking performance.
Products and Services
The fund managed by BFA offers a range of investment opportunities focused on fixed income securities, detailed as follows:
- Component Securities Investment: A core element of the fund's strategy involves investing at least 80% of its assets into the component securities of a specific index. This direct investment into the index’s components ensures that the fund’s performance closely aligns with that of the index, providing a transparent and predictable investment option for investors looking for index-linked returns.
- Fixed Income Securities Investment: Complementing its index component investments, the fund commits at least 90% of its assets towards fixed income securities that are included within or similar to those in the underlying index. This strategy not only reinforces the objective to track the index but also diversifies the investment approach within the realm of fixed income, potentially mitigating risks associated with individual securities.
- Derivatives and Other Securities: Up to 10% of the fund's assets may be allocated to futures, options, and swaps contracts, in addition to fixed income securities not originally part of the index. This portion of the fund's strategy is designed to provide flexibility, allowing BFA to fine-tune the investment portfolio with instruments that may offer advantageous tracking or hedging opportunities, thereby potentially enhancing the fund’s ability to mimic the index’s performance more accurately or protect against market volatility.
