IBDU

IBDU is a passive “term” corporate bond ETF designed to track a Bloomberg index of USD investment-grade corporate bonds that mature in the 2029 window (after 12/31/2028 and before 12/16/2029). Unlike a perpetual bond fund, it follows a defined life cycle: as 2029 approaches, its duration (interest-rate sensitivity) and yield-to-maturity typically trend down, and the fund is expected to liquidate around Dec. 15, 2029 and distribute remaining net assets.