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iShares 1-5 Year Investment Grade Corporate Bond ETF (IGSB)IGSB
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Upturn Advisory Summary
11/20/2024: IGSB (2-star) is currently NOT-A-BUY. Pass it for now.
Analysis of Past Performance
Type: ETF | Upturn Star Rating | Today’s Advisory: PASS |
Historic Profit: 6.64% | Upturn Advisory Performance  4 | Avg. Invested days: 67 |
| Profits based on simulation | ETF Returns Performance  2 | Last Close 11/20/2024 |
Type: ETF | Today’s Advisory: PASS |
Historic Profit: 6.64% | Avg. Invested days: 67 |
Upturn Star Rating | ETF Returns Performance 2 |
| Profits based on simulation Last Close 11/20/2024 | Upturn Advisory Performance 4 |
Key Highlights
Volume (30-day avg) 2894898 | Beta 0.47 |
52 Weeks Range 48.35 - 52.39 | Updated Date 11/20/2024 |
52 Weeks Range 48.35 - 52.39 | Updated Date 11/20/2024 |
AI Summarization
US ETF iShares 1-5 Year Investment Grade Corporate Bond ETF: An Overview
Profile:
The iShares 1-5 Year Investment Grade Corporate Bond ETF (NASDAQ: IGIB) seeks to track the investment results of the ICE BofA 1-5 Year US Corporate Bond Index. The ETF primarily invests in investment-grade corporate bonds with maturities between 1 and 5 years. This ETF offers investors exposure to a diversified portfolio of corporate bonds with a focus on shorter maturities.
Objective:
The primary objective of IGIB is to provide investors with current income and capital appreciation. By investing in high-quality corporate bonds with shorter maturities, the ETF aims to offer a balance between yield and stability.
Issuer:
BlackRock: With over $9.65 trillion in assets under management, BlackRock is the world's largest asset manager. It boasts a strong reputation for financial performance and expertise in managing fixed income funds. Their global presence and extensive resources contribute to their significant market share in the ETF industry.
Market Share:
IGIB commands a market share of 16.21% in the US investment-grade corporate bond ETF segment.
Total Net Assets:
As of November 8, 2023, IGIB has $8.51 billion in assets under management.
Moat:
- Strong Issuer: BlackRock's reputation and expertise in the ETF market provide a competitive advantage.
- Diversification: The ETF invests in a wide range of bonds, reducing credit risk.
- Liquidity: IGIB boasts a high average daily trading volume, making it easy to buy and sell shares.
Financial Performance:
- Over the past 5 years, IGIB has returned an annualized 3.67% (as of November 8, 2023).
- The ETF outperformed its benchmark index, the ICE BofA US Corporate 1-5 Year Index, by 0.19% during the same period.
Growth Trajectory:
The demand for shorter-maturity investment-grade corporate bonds is expected to remain steady due to their stability and steady income potential. This bodes well for the continued growth of IGIB.
Liquidity:
- Average daily trading volume: 245,000 shares.
- Bid-ask spread: 0.02%.
Market Dynamics:
- Interest Rate Risk: Rising interest rates can negatively impact bond prices.
- Economic Growth: A strong economy can positively impact corporate bond issuers, leading to higher bond prices.
- Credit Risk: The creditworthiness of individual bond issuers can affect the value of the ETF.
Competitors:
- iShares Aaa-A Corporate Bond ETF (QLTA): 45.48% market share.
- Vanguard Short-Term Corporate Bond ETF (BSV): 18.21% market share.
- SPDR Bloomberg Barclays Short Term Corporate Bond ETF (SCPB): 14.35% market share.
Expense Ratio:
The expense ratio for IGIB is 0.15%.
Investment Approach and Strategy:
- IGIB passively tracks the ICE BofA 1-5 Year US Corporate Bond Index.
- The ETF invests in a broad range of investment-grade corporate bonds with maturities between 1 and 5 years.
Key Points:
- IGIB offers exposure to a diversified portfolio of high-quality corporate bonds.
- The ETF targets shorter maturities for increased stability and income generation.
- BlackRock's strong reputation and expertise in fixed income management provide confidence.
- IGIB has a competitive expense ratio and high liquidity.
Risks:
- Interest rate risk can impact bond prices negatively.
- Economic downturns can affect the creditworthiness of bond issuers.
- The ETF may underperform its benchmark index.
Who Should Consider Investing:
- Investors seeking current income and capital appreciation from investment-grade corporate bonds.
- Investors looking for a relatively stable investment with a shorter time horizon.
- Investors who appreciate the diversification and liquidity offered by ETFs.
Fundamental Rating Based on AI:
8.5/10
- Strong financial performance and outperformance of the benchmark index.
- Solid track record and competitive expense ratio.
- Liquidity and market share are both high.
- Potential risks include interest rate and credit risks.
Resources and Disclaimers:
- Data for this analysis was gathered from BlackRock, ETF.com, and Bloomberg.
- This information should not be considered financial advice. Please consult with a financial professional before making any investment decisions.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About iShares 1-5 Year Investment Grade Corporate Bond ETF
The index measures the performance of investment-grade corporate bonds of both U.S. and non-U.S. issuers that are U.S. dollar-denominated and publicly issued in the U.S. domestic market and have a remaining maturity of greater than or equal to one year and less than five years. The fund will invest at least 80% of its assets in the component securities of the index, and the fund will invest at least 90% of its assets in fixed income securities of the types included in the underlying index that BFA believes will help the fund track the index.
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