IBHDiShares iBonds 2024 Term High Yield and Income ETF
IBHD Fund Description
IBHD tracks a market-value-weighted index of USD-denominated, high yield and BBB-rated corporate bonds maturing in 2024. The fund will terminate in December 2024.
IBHD Factset Analytics Insight
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 Barclays U.S. High Yield and Bloomberg Barclays U.S. Corporate indexes, respectively.
IBHD MSCI ESG Analytics Insight
iShares iBonds 2024 Term High Yield and Income ETF has an MSCI ESG Fund Rating of BB based on a score of 3.87 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 2024 Term High Yield and Income ETF ranks in the 9th percentile within its peer group and in the 30th percentile within the global universe of all funds covered by MSCI ESG Fund Ratings.
IBHD Summary Data
IBHD Portfolio Data
IBHD Index Data
IBHD Portfolio Management
IBHD Tax Exposures
IBHD Fund Structure
IBHD Factset Analytics Block Liquidity
This measurement shows how easy it is to trade a $1 million USD block of IBHD. IBHD is rated a N/A out of 5.
IBHD Sector/Industry Breakdown
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IBHD Top 5 Countries
IBHD Top 5 Currencies