We are live on ! Find out more

iShares iBonds 2026 Term High Yield and Income ETF

IBHF

Market cap $736M

22.46 USD

-0.01

0.04%

At close Updated Sep 14, 4:00 PM EDT

1 day

-0.04%

5 days

0%

1 month

-0.22%

3 months

-0.75%

6 months

-1.84%

Year to date

-2.64%

1 year

-3.93%

5 years

-12.16%

10 years

-9.65%

News

Positive

Neutral

Negative

Sentiment 3-Months

Positive 100%

Neutral 0%

Negative 0%

IBHF: Short Dated Opportunity (Rating Upgrade)

iShares iBonds 2026 Term High Yield and Income ETF (IBHF) offers an appealing short-dated opportunity with maturity in December 2026. IBHF's holdings are closely matched to the ETF's maturity date, eliminating basis risk and ensuring principal repayment barring extreme events. The portfolio is healthy, with all bonds trading at or above par and no distressed holdings, supporting a low probability of default.

IBHF: Short Dated Opportunity (Rating Upgrade)

Don't Be Fooled By The Average: IBHF's Real Yield Story

The iShares iBonds 2026 Term High Yield and Income ETF offers a fixed maturity structure, liquidating in 2026 and returning capital to investors. IBHF's headline 7.54% yield to maturity is misleading; the real average YTM is closer to 5.1%-5.28% due to a small portion of distressed holdings. Over 80% of IBHF's portfolio yields between 4-7% and carries higher credit ratings, while just 8.5% of assets inflate the average yield via high-risk, junk-rated bonds.

Don't Be Fooled By The Average: IBHF's Real Yield Story

IBHF: Hold Until June Then Switch To IBHL

The iShares iBonds 2026 Term High Yield and Income ETF offers a 6.7% yield with low duration and credit risk. IBHF is designed as a bond ladder component, not as a long-term holding. The fund is diversified across sectors and issuers, no company exceeding a 2.7% weight.

IBHF: Hold Until June Then Switch To IBHL

IBHF: Shortest Duration Junk Bonds Yielding Near 7%

IBHF offers a near 7% yield after expenses, with a portfolio mainly in BB and B-rated bonds. The fund's short duration (0.68 years) and defined maturity reduce interest rate risk, but 16% exposure to CCC-rated bonds adds credit risk. IBHF's structure means it will wind down and return capital to investors by December 2026, limiting long-term risk.

IBHF: Shortest Duration Junk Bonds Yielding Near 7%

IBHF: With A Potential Recession Looming, Time To Be Conservative (Rating Downgrade)

IBHF is a true term fund maturing in December 2026, with holdings primarily in BB, B, and CCC rated high yield bonds. The fund offers a high 30-day SEC yield of 7.2%, but carries significant default risk, especially for CCC-rated bonds. Potential recession and tariff wars increase default risks, making prudence essential despite the fund's decreasing risk profile over time.

IBHF: With A Potential Recession Looming, Time To Be Conservative (Rating Downgrade)

IBHF: A Fixed-Maturity ETF I Love

Buying bonds directly is the simplest way to schedule a fixed amount of dollars to be paid to you on a fixed future date. While most bond ETFs have no specific maturity date, there are three suites of fixed maturity ETFs from Invesco, iShares, and State Street. Here I chart the past performance of two 2024 Invesco BulletShares ETFs, showing how closely their total returns could have been expected in advance.

IBHF: A Fixed-Maturity ETF I Love

IBHF: Fight The Fed With This Term Fund, 6.7% Yield

The iShares i-Bonds 2026 Term High Yield and Income ETF offers a 6.7% yield with decreasing risk as it approaches its December 2026 termination date. IBHF's diversified portfolio of U.S. high-yield bonds, predominantly BB-rated, ensures principal return and yield stability despite potential defaults. Term funds like IBHF are advantageous in a soft landing scenario, providing higher yields as Fed rate cuts diminish returns on short-term instruments.

IBHF: Fight The Fed With This Term Fund, 6.7% Yield

Finding The Sweetspot Across The Yield Curve At 7-9% Yields

Many investors oversimplify the investment process with respect to duration by thinking about the concept on a single spectrum. They also focus overly on today's yield rather than considering reinvestment risk as well as capital gains consequences. We discuss two of these investment process shortcomings and highlight a number of attractive holdings in the context of the current market environment.

Finding The Sweetspot Across The Yield Curve At 7-9% Yields

IBHF: A Different Spin On High Yield Investing

iShares iBonds 2026 Term High Yield and Income ETF is a set-term ETF that tracks a US dollar-denominated, high-yield and income-paying corporate bond index. The fund is well-diversified and has a maturity breakdown focused on the 1 to 2 year range, reducing interest rate risk. The sector breakdown of the fund is heavily weighted towards consumer cyclicals, which may be a concern if a recession occurs. However, the set maturity structure of the fund may help mitigate this risk.

Bonds Are Looking Up. These ETFs Make It Easier.

To get the most from your bond investments, consider funds that let you lock in an interest rate and maturity date to match your specific goals.

See News Rankings

Price charts implemented using Lightweight Charts™