IBHC

iShares iBonds 2023 Term High Yield and Income ETF
*Unless otherwise stated, data provided by FactSet.

IBHC Fund Description

IBHC tracks a market-value-weighted index of USD-denominated, high yield and BBB-rated corporate bonds maturing in 2023. The fund will terminate in December 2023.

IBHC Factset Analytics Insight

IBHC 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, IBHC behaves more like a bond than a typical bond fund. The fund provides bullet maturity, in this case December 2023, instead of perpetual exposure to a maturity range. As the fund matures, its maturity, duration and YTM will decrease. In December 2023, IBHC will unwind and distribute all fund assets as cash to investors. This structure permits IBHC 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.

IBHC MSCI ESG Analytics Insight

iShares iBonds 2023 Term High Yield and Income ETF has an MSCI ESG Fund Rating of BB based on a score of 3.24 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 2023 Term High Yield and Income ETF ranks in the 5th percentile within its peer group and in the 3th percentile within the global universe of all funds covered by MSCI ESG Fund Ratings.

PERFORMANCE [as of 07/29/21] 1 MONTH 3 MONTHS YTD 1 YEAR 3 YEARS 5 YEARS 10 YEARS
IBHC 0.07% 1.34% 3.73% 10.55% -- -- --
IBHC (NAV) 0.10% 1.34% 3.98% 9.75% -- -- --
N/A -- -- -- -- -- -- --
All returns over 1 year are annualized. All returns are total returns unless otherwise stated.

IBHC Summary Data

Blackrock
iShares
05/07/19
Open-Ended Fund
0.35%
$61.64M
$435.79K
0.20%

IBHC Portfolio Data

1.59
--
3.94%
08/02/21
123

IBHC Index Data

Bloomberg Barclays 2023 Term High Yield and Income Index
Market Value
Maturity
N/A

IBHC Portfolio Management

0.35%
--
--
--

IBHC Tax Exposures

20.00% / 39.60%
--
Ordinary income
No

IBHC Fund Structure

Open-Ended Fund
No
Yes
-- / --
N/A
N/A
Low
Daily

IBHC Factset Analytics Block Liquidity

As of 07/30/21
5
4
3
2
1

This measurement shows how easy it is to trade a $1 million USD block of IBHC. IBHC is rated a N/A out of 5.

IBHC Tradability

17,620
$435.79K
13,845
$342.32K
0.20%
$0.05
0.22%
0.92% / -0.92%
None
100.00%
100,000
0.14
0.04%
--
0
$24.66
N/A

IBHC Sector/Industry Breakdown


IBHC
Segment Benchmark
80.64%
--
15.45%
--
3.51%
--
0.40%
--

IBHC Top 10 Holdings[View All]

3.05%
3.03%
2.96%
2.84%
2.25%
2.09%
1.94%
1.89%
1.80%
1.63%
23.46%

IBHC Top 5 Countries


IBHC
Segment Benchmark
84.91%
--
4.64%
--
3.75%
--
2.00%
--
1.57%
--

IBHC Top 5 Currencies


IBHC
Segment Benchmark
84.91%
--
4.64%
--
3.75%
--
2.00%
--
1.57%
--

IBHC Performance Statistics

--
--
--
--
--

IBHC MSCI ESG Ratings

3.24 / 10
2.72
4.89
3.02%
1.57%
273.86

IBHC Holdings Statistics

1.71 years
1.59
3.94%
1.59
Low
123
3.33%

IBHC Avg Life Maturity Distribution

15.41%
47.31%
37.28%
--
--
--
--
--
--

IBHC OAS Breakdown

7.76%
37.03%
27.62%
5.87%
3.31%
4.11%
2.72%
1.54%
3.85%
0.66%
5.54%