ETF overview
IBHK 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, IBHK behaves more like a bond than a typical bond fund. The fund provides bullet maturity, in this case December 2031, instead of perpetual exposure to a maturity range. As the fund matures, its maturity, duration, and YTM will decrease. In December 2031, IBHK will unwind and distribute all fund assets as cash to investors. This structure permits IBHK 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.
Fund facts
- Expense ratio
- 0.35%
- Fund assets
- 94.75M USD (all share classes)
- Issuer
- iShares
- Inception date
- May 22, 2024
- Number of holdings
- 306
Breakdown
Holdings (306)
| Name | Ticker | Weight |
|---|---|---|
| MERIDIAN ARC HOLDCO LLC 144A 6.25% 04/30/2031 | 2.09% | |
| PR RNO PROPERTY OWNER 1 LLC 144A 6.50% 05/01/2031 | 1.65% | |
| SV RNO PROPERTY OWNER 1 LLC 144A 5.88% 03/01/2031 | 1.32% | |
| GALAXY HELIOS DATA CENTERS II LLC 144A 9.88% 08/01/2031 | 1.26% | |
| CORE SCIENTIFIC FINANCE I LLC 144A 7.75% 05/15/2031 | 1.22% | |
| PANTHER ESCROW ISSUER LLC 144A 7.13% 06/01/2031 | 1.20% | |
| PARAMOUNT SKYDANCE CORP 144A 8.25% 10/15/2031 | 1.10% | |
| CCO HOLDINGS LLC 144A 4.25% 02/01/2031 | 1.01% | |
| UKG INC 144A 6.88% 02/01/2031 | 0.95% | |
| CARVANA CO 144A 9.00% 06/01/2031 | 0.95% | |
| and 293 more | ||
Historical returns do not guarantee future returns. This is not investment advice.
- Expense ratio
- 0.35%
- Fund assets
- 94.75M USD (all share classes)
- Issuer
- iShares
- Inception date
- May 22, 2024
- Number of holdings
- 306
| Name | Ticker | Weight |
|---|---|---|
| MERIDIAN ARC HOLDCO LLC 144A 6.25% 04/30/2031 | 2.09% | |
| PR RNO PROPERTY OWNER 1 LLC 144A 6.50% 05/01/2031 | 1.65% | |
| SV RNO PROPERTY OWNER 1 LLC 144A 5.88% 03/01/2031 | 1.32% | |
| GALAXY HELIOS DATA CENTERS II LLC 144A 9.88% 08/01/2031 | 1.26% | |
| CORE SCIENTIFIC FINANCE I LLC 144A 7.75% 05/15/2031 | 1.22% | |
| PANTHER ESCROW ISSUER LLC 144A 7.13% 06/01/2031 | 1.20% | |
| PARAMOUNT SKYDANCE CORP 144A 8.25% 10/15/2031 | 1.10% | |
| CCO HOLDINGS LLC 144A 4.25% 02/01/2031 | 1.01% | |
| UKG INC 144A 6.88% 02/01/2031 | 0.95% | |
| CARVANA CO 144A 9.00% 06/01/2031 | 0.95% | |
| and 293 more | ||
IBHK 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, IBHK behaves more like a bond than a typical bond fund. The fund provides bullet maturity, in this case December 2031, instead of perpetual exposure to a maturity range. As the fund matures, its maturity, duration, and YTM will decrease. In December 2031, IBHK will unwind and distribute all fund assets as cash to investors. This structure permits IBHK 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.
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