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New Index, Lower Fee Boost This Corporate-Bond ETF

Ben Johnson, CFA (ben.johnson@morningstar.com)

Following a mid-2018 makeover that left it with a much lower fee and a new benchmark, there is more to like about  iShares Intermediate-Term Corporate Bond ETF IGIB than ever before. Since Aug. 1, 2018, the fund has tracked the ICE BofAML 5-10 Year U.S. Corporate Index. The index is a gauge of the performance of U.S.-dollar-denominated investment-grade corporate bonds that have maturities ranging from five to 10 years.