Key stats
About iShares iBonds 2028 Term High Yield and Income ETF
Home page
Inception date
Mar 8, 2022
Structure
Open-Ended Fund
Replication method
Physical
Dividend treatment
Distributes
Distribution tax treatment
Ordinary income
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
BlackRock Fund Advisors
Distributor
BlackRock Investments LLC
ISIN
US46436E3870
IBHH offers exposure primarily to high yield, USD-denominated corporate bonds and comes with two distinctions: bullet maturity and an allowance for BBB-rated bonds. Part of a suite of similar funds, IBHH behaves more like a bond than a typical bond fund. The fund provides bullet maturity, in this case December 2028, instead of perpetual exposure to a maturity range. As the fund matures, its maturity, duration, and YTM will decrease. In December 2028, IBHH will unwind and distribute all fund assets as cash to investors. This structure permits IBHH to be used as a building block for a bond ladder. The fund can also hold BBB-rated bonds, subject to certain triggers and constraints. Thus, the fund can avoid selling a bond if its rating improves just beyond junk status. High yield and BBB-rated bonds are sourced from Bloomberg US High Yield and Bloomberg US Corporate indexes, respectively.
Related funds
Classification
What's in the fund
Exposure type
Corporate
Stock breakdown by region
Top 10 holdings
Frequently Asked Questions
An exchange-traded fund (ETF) is a collection of assets (stocks, bonds, commodities, etc.) that track an underlying index and can be bought on an exchange like individual stocks.
IBHH assets under management is 316.48 M USD. AUM is an important metric as it reflects the fund's size and can serve as a gauge of how successful the fund is in attracting investors, which, in its turn, can influence decision-making.
Since ETFs work like an individual stock, they can be bought and sold on exchanges (e.g. NASDAQ, NYSE, EURONEXT). As it happens with stocks, you need to select a brokerage to access trading. Explore our list of available brokers to find the one to help execute your strategies. Don't forget to do your research before getting to trading. Explore ETFs metrics in our ETF screener to find a reliable opportunity.
IBHH invests in bonds. See more details in our Analysis section.
IBHH expense ratio is 0.35%. It's an important metric for helping traders understand the fund's operating costs relative to assets and how expensive it would be to hold the fund.
No, IBHH isn't leveraged, meaning it doesn't use borrowings or financial derivatives to magnify the performance of the underlying assets or index it follows.
Yes, IBHH pays dividends to its holders with the dividend yield of 6.59%.
IBHH shares are issued by BlackRock, Inc.
IBHH follows the Bloomberg 2028 Term High Yield and Income Index - Benchmark TR Gross. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
The fund started trading on Mar 8, 2022.
The fund's management style is passive, meaning it's aiming to replicate the performance of the underlying index by holding assets in the same proportions as the index. The goal is to match the index's returns.