Fixed Income

IBHF

iShares® iBonds® 2026 Term High Yield and Income ETF

Overview

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Performance

Performance

Growth of Hypothetical $10,000

Performance chart data not available for display.
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Distributions

This fund does not have any distributions.

Premium/Discount

Performance data is not currently available
Performance data is not currently available
Performance data is not currently available
The performance quoted represents past performance and does not guarantee future results. Investment return and principal value of an investment will fluctuate so that an investor's shares, when sold or redeemed, may be worth more or less than the original cost. Current performance may be lower or higher than the performance quoted.

Key Facts

Key Facts

Net Assets as of Nov 24, 2020 $10,038,024
Inception Date Nov 10, 2020
Exchange Cboe BZX formerly known as BATS
Asset Class Fixed Income
Benchmark Index Bloomberg Barclays 2026 Term High Yield and Income Index
Bloomberg Index Ticker I35474US
Shares Outstanding as of Nov 24, 2020 400,000
Premium/Discount as of Nov 24, 2020 0.15%
CUSIP 46436E528
Closing Price as of Nov 24, 2020 25.13
Options Available No
30 Day Avg. Volume as of Nov 23, 2020 2,981.00
30 Day Median Bid/Ask Spread as of Nov 23, 2020 0.16%
Daily Volume as of Nov 24, 2020 180.00

Portfolio Characteristics

Portfolio Characteristics

Number of Holdings as of Nov 23, 2020 202
Equity Beta (3y) as of - -
30 Day SEC Yield as of - -
Average Yield to Maturity as of - -
Standard Deviation (3y) as of - -
12m Trailing Yield as of - -
Weighted Avg Coupon as of Nov 23, 2020 6.21%
Effective Duration as of Nov 23, 2020 2.48 yrs
Weighted Avg Maturity as of Nov 23, 2020 2.63 yrs
Convexity as of Nov 23, 2020 -0.10
Option Adjusted Spread as of Nov 23, 2020 373
This information must be preceded or accompanied by a current prospectus. For standardized performance, please see the Performance section above.

Sustainability Characteristics

Sustainability Characteristics

For newly launched funds, sustainability characteristics are typically available 6 months after launch.

Sustainability characteristics are displayed for funds included in MSCI ESG Fund Ratings. To be included in MSCI ESG Fund Ratings, 65% of the fund’s underlying holdings (excluding cash positions) must be covered by MSCI ESG Research, the fund’s holdings date must be less than one year old, and the fund must have at least ten securities.

 

Inclusion of Sustainability Characteristics is not indicative of a fund’s investment objective, nor is it an implication that a fund employs an ESG-related portfolio management strategy.

Fees

Fees

as of current prospectus
Management Fee 0.35%
Acquired Fund Fees and Expenses 0.00%
Foreign Taxes and Other Expenses 0.00%
Expense Ratio 0.35%

Holdings

Holdings

as of Nov 23, 2020
Issuer Weight (%)
TRANSDIGM INC 2.93
ALTICE FINANCING SA 2.16
ALTICE FRANCE SA (FRANCE) 2.15
FORD MOTOR CREDIT COMPANY LLC 2.11
CCO HOLDINGS LLC 2.09
Issuer Weight (%)
T-MOBILE USA INC 1.58
HCA INC 1.45
OCCIDENTAL PETROLEUM CORPORATION 1.36
REFINITIV US HOLDINGS INC 1.36
CENTENE CORPORATION 1.35
Name Sector Asset Class Market Value Weight (%) Notional Value Par Value CUSIP ISIN SEDOL Price Location Exchange Currency Duration YTM (%) FX Rate Maturity Coupon (%) Mod. Duration Yield to Call (%) Yield to Worst (%) Real Duration Real YTM (%) Market Currency
Holdings are subject to change.

Non-U.S. securities whose values are affected by volatility that occurs in global markets or in related or highly correlated assets (e.g., American Depositary Receipts, Global Depositary Receipts or substantially identical ETFs) on a trading day after the close of non-U.S. securities markets may be fair valued. On days where non-U.S. securities markets are closed, BlackRock Fund Advisors, an affiliate of BlackRock Investments, LLC, will determine the fair value of the stocks traded on that local market, in accordance with policies and procedures approved by the Fund’s Board of Directors/Trustees. Fair value adjustments may be calculated by referring to instruments and markets that have continued to trade, such as exchange-traded funds, correlated stock market indices or index futures. Please see the Determination of Net Asset Value section of each Fund’s prospectus for additional information on the Fund’s valuation policies and procedures.

Exposure Breakdowns

Exposure Breakdowns

as of Nov 23, 2020

% of Market Value

Type Fund
The maturity breakdown above is based on Weighted Average Life (WAL). WAL is the average length of time to the repayment of principal for the securities in the fund. This metric considers the likelihood that bonds will be called or prepaid before the scheduled maturity date.

as of Nov 23, 2020

% of Market Value

Type Fund
as of Nov 23, 2020

% of Market Value

Type Fund
Credit quality ratings on underlying securities of the fund are received from S&P, Moody’s and Fitch and converted to the equivalent S&P major rating category. This breakdown is provided by BlackRock and takes the median rating of the three agencies when all three agencies rate a security, the lower of the two ratings if only two agencies rate a security, and one rating if that is all that is provided. Unrated securities do not necessarily indicate low quality. Below investment-grade is represented by a rating of BB and below. Ratings and portfolio credit quality may change over time.
Allocations are subject to change.

Price Yield Calculator

Price Yield Calculator

The calculator provides clients with an indication of an ETF's yield and duration for a given market price. The ACF Yield is the discount rate that equates the ETF's aggregate cash flows (i.e., the sum of the cash flows of the ETF's holdings) to a given ETF price. The cash flows are based on the yield to worst methodology in which a bond's cash flows are assumed to occur at the call date (if applicable) or maturity, whichever results in the lowest yield for that bond holding. For a given ETF price, this calculator will estimate the corresponding ACF Yield and spread to the relevant government reference security yield. Note that the ACF Yield will differ from the ETF's "Weighted Avg YTM For more information on Aggregate Cash Flow Yield, see info here.

As of 11/24/20
Price $25.13
4.84%
Modified Duration 2.35 years

Spread of ACF Yield (4.84%) over 3.00 yr Treasury Yield (0.21%) As of 11/24/20 is + 463 bps

Results generated are for illustrative purposes only and are not representative of any specific investments outcome. For standardized performance, please click the ‘returns’ tab above.

Literature

Literature

 

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