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Wednesday, August 19, 2026The Morning Brief →Sign in
IBHIISharesINDEX

iShares iBonds 2029 Term High Yield and Income ETF

$23.34+0.09% today
232452-WK

The index is composed of U.S. dollar denominated, taxable, fixed-rate, high yield and BBB or equivalently rated corporate bonds scheduled to mature between January 1, 2029 and December 15, 2029, inclusive. The fund will invest in non-U.S. issuers to the extent necessary for it to track the index. It is non-diversified.

Price & daily flows
23.723.523.223.34DAILY NET FLOWAug 19Dec 16Apr 17Aug 19

SOURCE: MARKET TAPE & DAILY CREATION/REDEMPTION RECORDS · 3Y SHOWN · NET +$485M OVER THIS RANGE

The desk’s read

Money keeps arriving — +$13M of net buying over the past month, about 2.5% of the fund's asset base, while the price has returned -1.1% so far this year. At 0.35% a year it is not the cheapest way in — AGG runs the same ground at 0.03%.

COMPOSED FROM THE FUND’S OWN DAILY RECORDS · UPDATED WITH EACH REFRESH

$503Massets under management
0.35%expense ratio · $35 per $10,000 a year
+$13Mnet flow, trailing month
91Kavg daily volume, 30 days
400holdings · US-domiciled
2022listed March 7, 2022 · beta 0.19
The book at a glance
2.1%1.4%1.3%1.3%1.1%1.1%1.0%0.9%0.9%0.8%0.8%0.8%0.7%0.6%0.5%0.5%0.5%0.5%0.5%0.5%0.5%0.5%0.5%0.5%0.5%0.5%0.5%0.4%0.4%0.4%0.4%0.4%0.4%0.4%0.4%0.4%0.4%0.4%0.4%0.4%

CELL SIZE IS PORTFOLIO WEIGHT · COLOR IS TODAY’S MOVE · TOP 40 POSITIONS

HoldingsDownload CSV
#HoldingWeightPriceDay52-wk
1ECHOSTAR CORP2.11%
2CLOUD SOFTWARE GRP INC SR SECURED 144A 03/29 6.51.37%
3CLOUD SOFTWARE GRP INC SECURED 144A 09/29 91.34%
4CENTENE CORPORATION1.29%
5VENTURE GLOBAL LNG INC SR SECURED 144A 02/29 9.51.15%
6AMERICAN AIRLINES/AADVAN SR SECURED 144A 04/29 5.751.05%
7TRANSDIGM INC SR SECURED 144A 03/29 6.3750.99%
8NEPTUNE BIDCO US INC 144A0.95%
9MEDLINE BORROWER LP SR UNSECURED 144A 10/29 5.250.90%
10STAPLES INC SR SECURED 144A 09/29 10.750.79%
11CONNECT FINCO SARL/CONNE SR SECURED 144A 09/29 90.78%
12RAKUTEN GROUP INC SR UNSECURED 144A 04/29 9.750.78%
13IMOLA MERGER CORP 144A0.69%
14PRIME HEALTHCARE SERVICES INC 144A0.56%
15ALTICE FINANCING SA SR SECURED 144A 08/29 5.750.54%

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Sector weights
Corporates99.5%
Cash and/or Derivatives0.62%
PORTFOLIO COMPOSITION, LATEST DISCLOSURE
Country weights
United States86.28%
Canada3.97%
United Kingdom3.06%
Luxembourg1.38%
Macau1.12%
Japan0.78%
France0.64%
Singapore0.35%
PORTFOLIO COMPOSITION, LATEST DISCLOSURE
Performance
1 week+0.1%
1 month+0.3%
3 months+0.1%
6 months-1.1%
YTD-1.1%
1 year
3 years

PRICE RETURN, DISTRIBUTIONS NOT REINVESTED

Net flows
1 week
1 month+$13M
3 months+$70M
YTD+$172M
1 year+$290M

CREATION/REDEMPTION DOLLARS, DAILY RECORDS

Monthly net flows
AugSepOctNovDecJanFebMarAprMayJulAug
DAILY CREATION/REDEMPTION RECORDS, TRAILING TWELVE MONTHS
The risk read
2%realized volatility, 30 days (annualized)
4%realized volatility, 1 year
-3.6%deepest fall from a peak, 1 year
-2.3%where it sits vs. that peak today

The top holding is 2.1% of the book; the top ten carry 12%. Spread across 250+ names, it behaves like roughly 170 equally-weighted positions.

VOLATILITY & DRAWDOWN FROM THE DAILY TAPE · CONCENTRATION FROM THE LATEST DISCLOSED BOOK

The case against IBHI

Due diligence cuts both ways. These funds sit on the same shelf and beat IBHI on at least one dimension that matters — the fee, the asset base, or where the money is going.

FundFeeAssetsFlow, 1MThe case
STIP iShares 0-5 Year TIPS Bond ETF0.03%$16B+$288M-32bp on fee · 32× the assets · +$288M in over the monthHead-to-head
MBB iShares MBS ETF0.04%$39B+$26M-31bp on fee · 77× the assets · +$26M in over the monthHead-to-head
IGSB iShares 1-5 Year Investment Grade Corporate Bond ETF0.04%$23.4B+$520M-31bp on fee · 46× the assets · +$520M in over the monthHead-to-head
IGIB iShares 5-10 Year Investment Grade Corporate Bond ETF0.04%$18.7B+$312M-31bp on fee · 37× the assets · +$312M in over the monthHead-to-head
MUB iShares National Muni Bond ETF0.05%$45.8B+$585M-30bp on fee · 91× the assets · +$585M in over the monthHead-to-head
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InstrumentsHarvest substitutesTrade cost at $1MClient tearsheetStress this fund
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