iShares iBonds 2024 Term High Yield and Income ETFiShares iBonds 2024 Term High Yield and Income ETFiShares iBonds 2024 Term High Yield and Income ETF

iShares iBonds 2024 Term High Yield and Income ETF

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Key stats

Assets under management (AUM)
‪458.26 M‬USD
Fund flows (1Y)
‪191.19 M‬USD
Dividend yield (indicated)
6.79%
Discount/Premium to NAV
−0.5%

About iShares iBonds 2024 Term High Yield and Income ETF

Issuer
BlackRock, Inc.
Brand
iShares
Expense ratio
0.35%
Home page
Inception date
May 7, 2019
Index tracked
Bloomberg 2024 Term High Yield and Income Index
Management style
Passive
IBHD offers exposure primarily to high yield, USD-denominated corporate bonds and comes with 2 distinctions: bullet maturity and an allowance for BBB-rated bonds. Part of a suite of similar funds, IBHD behaves more like a bond than a typical bond fund. The fund provides bullet maturity, in this case December 2024, instead of perpetual exposure to a maturity range. As the fund matures, its maturity, duration and YTM will decrease. In December 2024, IBHD will unwind and distribute all fund assets as cash to investors. This structure permits IBHD to be used as a building block for a bond ladder. The fund can hold BBB-rated bonds too, 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 U.S. High Yield and Bloomberg U.S. Corporate indexes, respectively.

Classification

Asset Class
Fixed income
Category
Corporate, broad-based
Focus
High yield
Niche
Ultra-short term
Strategy
Bullet maturity
Weighting scheme
Market value
Selection criteria
Maturity

Returns

1 month3 monthsYear to date1 year3 years5 years
Price performance
NAV total return

What's in the fund

As of April 30, 2024
Exposure type
Bonds, Cash & Other
Corporate
Bonds, Cash & Other100.00%
Corporate94.06%
Cash5.94%
Top 10 holdings

Dividends

Dividend payout history

Assets under management (AUM)

Fund Flows