iShares Adds To Target Maturity Junk Bond ETFs

November 12, 2020

BlackRock’s iShares unit has added another fund to its target maturity bond ETF family focused on yield. The iShares iBonds 2026 Term High Yield and Income ETF (IBHF) is the sixth fund in a family spanning 2021 through 2026.

It comes with an expense ratio of 0.35% and lists on Cboe Global Markets, the parent company of ETF.com.

The fund tracks the Bloomberg Barclays 2026 Term High Yield and Income Index, which draws its components from the combined universe of the Bloomberg Barclays U.S. High Yield Index and the Bloomberg Barclays U.S. Corporate Index. Ultimately, IBHF’s index covers corporate bonds maturing between Jan. 1, 2026 and Dec. 15, 2026. According to the prospectus, high-yield bonds are increasingly introduced in the last 2.5 years of the fund’s maturity.

According to a recent press release, there are 37 ETFs in the iShares target maturity family that are currently trading, sorted into four buckets: U.S. Treasury, municipal, investment grade corporate and high-income corporate. There’s more than $10 billion invested across the family.

Contact Heather Bell at [email protected]

 

Find your next ETF

Reset All