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The iShares iBonds 2024 Term High Yield and Income ETF stops trading in mid-December. Its portfolio isn't fully invested given existing maturities, but keep in mind that high-yield bonds are riskier than safer. If you're looking for short-term income that consists of high-yield bonds, this may be the fund for you.
iShares iBonds 2024 Term High Yield and Income ETF offers higher yield compared to CDs for 6-7 month investment. ETF invests in high-yield and BBB-rated corporate bonds maturing between January 1, 2024 and December 15, 2024. ETF is designed to help investors achieve higher income, build a bond ladder, and manage interest rate risk.
iShares iBonds 2024 Term High Yield and Income ETF is a corporate bond fund with a yield to maturity of 7.8%. The fund is overweight in the consumer cyclical sector, and 95% of its assets are in bonds rated BB and below. IBHD is not a long-term investment and is designed as a component for bond ladder strategies, making it more suitable for high-net-worth individuals and family offices.
Junk bonds are risky at this stage of the economic cycle. Smaller company bankruptcy filings are accelerating but publicly-traded high yield credit has stayed buoyant. IBHD gives you the right mix to reach for an 8% yield.
FAQ
- What is IBHD ETF?
- Does IBHD pay dividends?
- What stocks are in IBHD ETF?
- What is the current assets under management for IBHD?
- What is IBHD average volume?
- What is IBHD expense ratio?
- What is IBHD inception date?