Key stats
About iShares Trust iShares iBonds 2028 Term High Yield and Income ETF
Expense ratio
0.35%
Home page
Inception date
Mar 8, 2022
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.
Classification
What's in the fund
Exposure type
Corporate
Cash
Bonds, Cash & Other100.00%
Corporate97.92%
Cash12.47%
Miscellaneous−10.39%
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