IBHI Profile
iShares iBonds 2029 Term High Yield and Income ETF is an exchange-traded fund designed to deliver targeted exposure to a portfolio of corporate bonds with specific maturity characteristics. The ETF tracks an index comprising U.S. dollar-denominated, taxable, fixed-rate corporate bonds, including those rated as high-yield (below investment grade) and BBB or equivalent, set to mature between January 1, 2029, and December 15, 2029. This targeted maturity range is intended to offer investors a predictable investment horizon aligned with the fund’s end date.
The fund's investment strategy includes bonds issued by both U.S. and non-U.S. entities. To ensure accurate tracking of the index, the ETF may incorporate bonds from non-U.S. issuers. This inclusion broadens the fund's exposure to the global corporate bond market while maintaining a focus on high-yield and investment-grade securities. This strategy helps the fund to achieve a comprehensive representation of the bond market within the specified maturity period.
The iShares iBonds 2029 Term High Yield and Income ETF aims to balance income generation with capital preservation. The fund's portfolio includes a mix of high-yield bonds, which offer higher returns but come with increased credit risk, and investment-grade bonds, which are generally more stable. This mix is designed to provide investors with potentially attractive yields while managing overall risk through diversification across different bond types and issuers.
As a non-diversified fund, the iShares iBonds 2029 Term High Yield and Income ETF concentrates its investments in a specific segment of the bond market. This focus allows the fund to more closely track its index and achieve its investment objectives. The ETF is well-suited for investors seeking a targeted maturity date and a blend of high income potential with a defined end date for their bond investments.
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