IBHAiShares iBonds 2021 Term High Yield and Income ETF
IBHA Fund Description
IBHA tracks a market-value-weighted index of USD-denominated, high yield and BBB-rated corporate bonds maturing in 2021. The fund will terminate in December 2021.
IBHA Factset Analytics Insight
IBHA 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, IBHA behaves more like a bond than a typical bond fund. The fund provides bullet maturity, in this case December 2021, instead of perpetual exposure to a maturity range. As the fund matures, its maturity, duration and YTM will decrease. In December 2021, IBHA will unwind and distribute all fund assets as cash to investors. This structure permits IBHA 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 Barclays U.S. High Yield and Bloomberg Barclays U.S. Corporate indexes, respectively.
IBHA MSCI ESG Analytics Insight
iShares iBonds 2021 Term High Yield and Income ETF has an MSCI ESG Fund Rating of BBB based on a score of 5.37 out of 10. The MSCI ESG Fund Rating measures the resiliency of portfolios to long-term risks and opportunities arising from environmental, social, and governance factors. ESG Fund Ratings range from best (AAA) to worst (CCC). Highly rated funds consist of companies that tend to show strong and/or improving management of financially relevant environmental, social and governance issues. These companies may be more resilient to disruptions arising from ESG events.
The fund’s Peer Rank reflects the ranking of a fund’s MSCI ESG Fund Quality Score against the scores of other funds within the same peer group, as defined by the Thomson Reuters Lipper Global Classification. iShares iBonds 2021 Term High Yield and Income ETF ranks in the 32nd percentile within its peer group and in the 96th percentile within the global universe of all funds covered by MSCI ESG Fund Ratings.
IBHA Summary Data
IBHA Portfolio Data
IBHA Index Data
IBHA Portfolio Management
IBHA Tax Exposures
IBHA Fund Structure
IBHA Factset Analytics Block Liquidity
This measurement shows how easy it is to trade a $1 million USD block of IBHA. IBHA is rated a N/A out of 5.
IBHA Sector/Industry Breakdown
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