IBHK ETF: What Is It? Returns, Expense Ratio, Holdings and Alternative ETFs at a Glance
The iShares iBonds 2031 High Yield ETF (IBHK) is a target-maturity bond ETF made up of US dollar corporate bonds maturing in 2031, featuring monthly distributions and a maturity-date payout structure. High-yield bond distributions and the interest rate outlook are the key items to check.
SubscribeWhat Is the iShares iBonds 2031 High Yield ETF?
The fund tracks the Bloomberg 2031 Maturity High Yield and Income Index, and builds its portfolio from US dollar-denominated high-yield corporate bonds, along with some investment-grade corporate bonds, that mature between January and December 2031.
It suits income-focused investors who want to earn interest from high-yield corporate bonds with a defined maturity date.
It is a passively managed ETF (index-tracking) operated by iShares.
How Does the iShares iBonds 2031 High Yield ETF Invest?
| Item | Details |
|---|---|
| Tracked Index | Bloomberg 2031 Maturity High Yield and Income Index |
| Management Style | Passive (index-tracking) |
| Rebalancing Frequency | Periodic, in line with index rules |
| Distribution Frequency | Monthly |
| Fund Structure | Target maturity (non-diversified) |
| Total Expense Ratio | 0.35% |
The fund holds US dollar-denominated high-yield corporate bonds, plus some investment-grade corporate bonds, included in the index, and is designed so that the maturities of its holdings are concentrated in 2031. It operates under a target-maturity structure in which principal and interest from redeemed bonds are distributed to investors as maturity approaches.
- Target-maturity bond structure with a defined maturity date
- Income-oriented composition that combines high-yield bonds with some investment-grade bonds
iShares iBonds 2031 High Yield ETF Size and Costs (AUM and Management Fee)
Assets under management (AUM) stand at $99.4M, and the total expense ratio is 0.35% per year.
Unlike typical bond ETFs that continually reinvest into new maturities, this fund has a fixed maturity date, which makes it easier to use for cash flow planning.
iShares iBonds 2031 High Yield ETF Performance and Trends
1-Year Price Performance
Dividend & Yield
52-Week Price RangeGiven the nature of high-yield corporate bonds, returns depend on the direction of interest rates and changes in credit spreads, and bond price volatility tends to decline gradually as maturity approaches.
Demand for stable income aligned with a set maturity underpins fund flows, and the direction of inflows and outflows diverges depending on the interest rate environment and credit market sentiment.
iShares iBonds 2031 High Yield ETF Pros and Cons
The defined maturity and monthly distribution structure are strengths, while the credit risk inherent in high-yield bonds is the main drawback.
💪 Key Strengths
⚠️ Points to Watch
iShares iBonds 2031 High Yield ETF Alternative ETFs and Related Products
ETFs such as USHY and HYG shown in the table are perpetual-style funds that invest broadly in high-yield corporate bonds without a specific maturity, while ETFs such as LQD focus on investment-grade corporate bonds and therefore carry a different credit risk profile. In contrast to these, IBHK stands out because its maturity date is fixed. Alternatives in the same target-maturity series with different maturity years include IBHJ (2030), IBHL (2032) and IBHM (2033), and investors who want a laddered structure can also consider LDRH.
Peer Comparison ETFs| Ticker | Name | Price | Change | AUM | Total Expense Ratio | Dividend Yield | 1Y |
|---|---|---|---|---|---|---|---|
 LQD | iShares iBoxx USD Investment Grade Corporate Bond ETF | $104.27 | +0.1% | $32.0B | 0.14% | 4.84% | -6.6% |
 USHY | iShares Broad USD High Yield Corporate Bond ETF | $35.76 | -0.3% | $26.8B | 0.08% | 7.13% | -4.8% |
 USIG | iShares Broad USD Investment Grade Corporate Bond ETF | $49.55 | +0.1% | $18.0B | 0.04% | 4.91% | -5.2% |
 HYG | iShares iBoxx USD High Yield Corporate Bond ETF | $77.43 | -0.2% | $17.8B | 0.49% | 6.07% | -4.2% |
 SPHY | State Street SPDR Portfolio High Yield Bond ETF | $22.60 | -0.2% | $11.9B | 0.05% | 7.38% | -5.0% |
Top Holdings| Ticker | Name | Weight | Price | Change | Market Cap | P/E | Dividend Yield |
|---|---|---|---|---|---|---|---|
 CORZ | Core Scientific Inc | 0.01% | $13.25 | -8.2% | $4.3B | - | - |
 CHTR | Charter Communications Inc | 0.02% | $111.49 | +2.3% | $19.6B | 2.9 | 0.06% |
| CVNA | Carvana Co | 0.02% | $68.29 | -0.0% | $75.3B | 29.2 | - |
| VG | Venture Global Inc | 0.02% | $14.79 | +0.1% | $37.0B | 11.2 | 0.7% |
| CRWV | CoreWeave Inc | 0.02% | $54.87 | -9.7% | $30.3B | - | - |
 JBLU | Jetblue Airways Corp | 0.01% | $2.85 | -6.6% | $1.1B | - | - |
iShares iBonds 2031 High Yield ETF Investor Checkpoints
Here are the points to check before investing in IBHK. Although it is a target-maturity income asset, it is worth confirming in advance the credit quality of its holdings, the interest rate environment, and whether the target maturity date matches your investment horizon.
| Checkpoint | What to Check | Current Status |
|---|---|---|
| 💵 Distribution Frequency | Confirm whether monthly distributions continue | Monthly distributions maintained |
| 📉 Credit Risk | High-yield weighting and credit spreads | Needs review |
| 📅 Maturity Date | Whether the target maturity year fits your investment horizon | Matures in 2031 |
| 💱 Exchange Rate | Impact on returns converted to won | No currency hedge applied |
Credit risk in high-yield corporate bonds and interest rate movements are the main drivers of short-term price changes. Before maturity, principal losses can occur depending on market conditions.
This is a target-maturity ETF that is highly useful for investors seeking high-yield corporate bond income aligned with a set maturity. It is advisable to review both credit risk and the interest rate environment before investing.
SubscribeDisclaimer: This content is for informational purposes only and does not constitute investment advice. All investment responsibility lies with the investor.
This article reflects information as of July 2, 2026.
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