IBHH ETF — Holdings & Analysis

The iShares iBonds 2028 Term High Yield and Income ETF (IBHH) is a fixed-income ETF with $0.45 billion in assets under management.

With an expense ratio of 0.35%, IBHH aims to track the investment results of an index composed of U.S. dollar-denominated, high yield and other income generating corporate bonds maturing in 2028. This term structure differentiates it from perpetual bond ETFs, offering a defined maturity date for investors seeking targeted income streams.

iShares iBonds 2028 Term High Yield and Income ETF (IBHH) ETF — Price, Holdings & Analysis

The iShares iBonds 2028 Term High Yield and Income ETF (IBHH) is a fixed-income ETF with $0.45 billion in assets under management. With an expense ratio of 0.35%, IBHH aims to track the investment results of an index composed of U.S. dollar-denominated, high yield and other income generating corporate bonds maturing in 2028. This term structure differentiates it from perpetual bond ETFs, offering a defined maturity date for investors seeking targeted income streams.

ETF Overview

The iShares iBonds 2028 Term High Yield and Income ETF seeks to track the investment results of an index composed of U.S. dollar-denominated, high yield and other income generating corporate bonds maturing in 2028.This Fund is covered by U.S. Patent Nos. 8,438,100 and 8,655,770.

IBHH provides exposure to U.S. dollar-denominated high-yield corporate bonds with a defined maturity in 2028. The fund's strategy focuses on capturing income from these bonds while providing a return of principal at the maturity date. Unlike traditional bond ETFs that maintain a perpetual portfolio, IBHH's term structure allows investors to target a specific investment horizon. The fund's holdings consist of 236 individual bonds, providing diversification within the high-yield corporate bond market. A significant portion of the fund, 100%, is allocated to Cash & Others, with the largest single holding being BlackRock Cash Funds Treasury SL Agency (XTSLA) at 3.20%. The fund's country exposure is primarily to the United States (81.1%), with smaller allocations to Canada (5.5%), the United Kingdom (1.9%), and Luxembourg (1.6%). This ETF is designed for investors seeking a predictable income stream and return of principal at a specific future date, within the high-yield corporate bond sector.

Risk Metrics

IBHH carries risks inherent to high-yield corporate bonds, including credit risk and interest rate risk. While the defined maturity structure mitigates some interest rate risk as the fund approaches its termination date, changes in interest rates can still impact the fund's market value. The fund's beta of 0.57 indicates lower volatility compared to the broader market. The concentration in Cash & Others (100%) may also present a risk, as it reduces exposure to the high-yield corporate bond market it intends to track. The expense ratio of 0.35% will create a drag on returns, though this is partially offset by the potential income generation from the underlying high-yield bonds. Investors should carefully consider their risk tolerance and investment horizon before investing in IBHH.

Expense Ratio

0.35%

What does IBHH hold?

Holding	Weight
BlackRock Cash Funds Treasury SL Agency (XTSLA)	3.20%

How Is the Fund Allocated?

Sector	Weight
Cash & Others	100.0%

Country	Weight
United States	81.1%
Canada	5.5%
Other	4.9%
United Kingdom	1.9%
Luxembourg	1.6%
Macau	0.8%
France	0.8%
Cayman Islands	0.7%
Australia	0.7%
Ireland	0.6%

Dividend Yield

0.00%

JPMorgan International Bond Opportunities ETF (JPIB) — 0.50% expense ratio
IDX Dynamic Fixed Income ETF (DYFI) — 1.12% expense ratio
Invesco Taxable Municipal Bond ETF (BAB) — 0.28% expense ratio
Academy Veteran Impact ETF (VETZ) — 0.35% expense ratio
iShares MBS ETF (MBB) — 0.04% expense ratio
iShares iBonds Oct 2027 Term TIPS ETF (IBID) — 0.10% expense ratio
Bluemonte Long Term Bond ETF (BLTD) — 0.23% expense ratio
JPMorgan Mortgage-Backed Securities ETF (JMTG) — 0.24% expense ratio

iShares Russell 2000 ETF (IWM) (Equity) — 0.19% expense ratio
iShares MSCI Emerging Markets ETF (EEM) (Equity) — 0.72% expense ratio
iShares MSCI EAFE ETF (EFA) (Equity) — 0.32% expense ratio
iShares MSCI Emerging Markets Small-Cap ETF (EEMS) (Equity) — 0.72% expense ratio
iShares FinTech Active ETF (BPAY) (Equity) — 0.66% expense ratio
iShares Blockchain and Tech ETF (IBLC) (Equity) — 0.47% expense ratio

Risk Metrics

Beta: 0.57

Questions & Answers

What is IBHH and what does it track?

The iShares iBonds 2028 Term High Yield and Income ETF (IBHH) is a fixed-income ETF managed by iShares. Launched in 2022, IBHH aims to replicate the investment results of an index composed of U.S.

dollar-denominated, high-yield corporate bonds that are scheduled to mature in the year 2028.

What is the expense ratio for IBHH?

The expense ratio for IBHH is 0.35%. This means that for every $10,000 invested in the fund, $35 is deducted annually to cover the fund's operating expenses.

While this impacts overall returns, it is important to consider this cost in relation to the potential income generated by the underlying high-yield bonds.

What are the top holdings in IBHH?

As of 2026-03-15, the top holding in IBHH is BlackRock Cash Funds Treasury SL Agency (XTSLA), comprising 3.20% of the fund's portfolio.

While specific details on other top holdings are not available, it is important to remember that the fund holds 236 different bonds. These bonds are all U.S. dollar-denominated, high-yield corporate bonds maturing in 2028. The fund's sector allocation is primarily in Cash & Others (100%).

Is IBHH a good long-term investment?

Whether IBHH is a suitable long-term investment depends on an investor's individual financial goals, risk tolerance, and investment horizon. IBHH offers exposure to high-yield corporate bonds maturing in 2028, providing a defined maturity date.

With an expense ratio of 0.35% and a beta of 0.57, IBHH presents a specific risk/return profile. Past performance does not guarantee future results, and investors should carefully consider their own circumstances before investing.

How does IBHH compare to similar ETFs?

IBHH distinguishes itself from other high-yield bond ETFs through its defined maturity structure. Unlike perpetual bond ETFs, IBHH holds bonds that mature in 2028, offering a targeted maturity date.

With $0.45 billion in AUM and an expense ratio of 0.35%, IBHH falls within the range of other high-yield bond ETFs.

Does IBHH pay dividends?

According to the available data, IBHH's dividend yield is currently 0.00%. This indicates that the fund is not currently distributing income to shareholders in the form of dividends.

However, the fund's primary objective is to generate income through high-yield corporate bonds, so it is possible that dividend payments may be made in the future. Investors should consult the fund's official documentation for the most up-to-date information on dividend distributions.