iShares® iBonds® 2032 Term High Yield and Income ETF

iShares® iBonds® 2032 Term High Yield and Income ETF

About

iShares® iBonds® 2032 Term High Yield and Income ETF (US46438G3645) is a US-listed bond ETF tracking the Bloomberg 2032 Term High Yield and Income Index. With a expense ratio of 0.35%, it is moderately priced, paying distributions. The fund holds 215 positions across 13 regions with 24M in assets, with heavy concentration — 55% in United States, 41% in corporate bonds.

Score Breakdown

Scores are scaled 1–10 on a logarithmic curve relative to all ETFs in the database. Last updated: Jun 22, 2026
Component Score Details
Cost (30%) 8.0 Tracking Difference: 10.0 · TD Consistency: — · Expense Ratio: 3.3
Liquidity (25%) 4.1 Assets Under Management

Data sources: provider factsheets, exchange data, and NAV history. Information for educational purposes only — not investment advice.

Ticker IBHL
ISIN
Fund Size $24.0M
Issuer iShares
Distribution Pays Distributions
Replication Physical
Inception Mar 2025
Base Currency USD
Index Bloomberg 2032 Term High Yield and Income Index
Asset Class Bonds
Category High Yield Bond

Costs

8.0
This fund has low total costs, with competitive tracking and expense ratios.

Cost Metrics Explained

What expense ratio, tracking difference, and TD consistency measure

Expense ratio (Total Expense Ratio) is the annual fee the fund charges, deducted from assets. It’s the headline cost, but not the full picture.

Tracking Difference measures how much the fund actually lags (or leads) its benchmark index per year. This is the single best measure of true cost — it captures the expense ratio plus all other drags like sampling error and tax withholding. A lower (or negative) value is better.

TD Consistency measures how stable the tracking difference is from year to year. A low value means predictable, reliable costs; a high value means costs can vary significantly.

Expense Ratio0.00%
 
Metric Value
Expense Ratio 0.35%

Cumulative Returns

Performance across different time periods.
Year to Date+0.00%
1 Year+0.00%
Inception+0.00%
 
Period Cumulative Return
1 Month
3 Months
6 Months
1 Year +7.58%
3 Years
5 Years
10 Years
YTD +1.04%
Since Inception +7.44%

Holdings

This fund invests into 215 individual investments.
#1
1261229 BC LTD
3.03%
#2
Quikrete Holdings Inc
2.14%
#3
CARNIVAL CORP 144A
1.62%
#4
CCO Holdings LLC / CCO Holdings Capital Corp
1.33%
#5
QXO BLDG PROD 6.75% Apr32
1.23%
#6
TRANSDIGM INC 144A
1.19%
#7
Venture Global LNG Inc
1.15%
#8
DISCOVERY COMMUNICATIONS LLC
1.11%
#9
Block Inc
1.07%
#10
IQVIA Inc
1.07%
View all holdings (50)
# Holding Ticker Weight
1 1261229 BC LTD 303.24%
2 Quikrete Holdings Inc 214.30%
3 CARNIVAL CORP 144A 162.41%
4 CCO Holdings LLC / CCO Holdings Capital Corp 132.71%
5 QXO BLDG PROD 6.75% Apr32 123.28%
6 TRANSDIGM INC 144A 119.44%
7 Venture Global LNG Inc 114.78%
8 DISCOVERY COMMUNICATIONS LLC 111.16%
9 Block Inc 106.82%
10 IQVIA Inc 106.55%
11 HUB International Ltd 104.61%
12 PETSMART LLC 144A 104.03%
13 VOYAGER PARENT LLC 144A 100.99%
14 ALTICE FRANCE SA (FRANCE) 144A 98.04%
15 NCL Corp Ltd 96.38%
16 Cloud Software Group Inc 93.30%
17 CHS/Community Health Systems Inc 89.91%
18 UNITI / CSL 8.625% Jun32 88.53%
19 Shift4 Payments LLC / Shift4 Payments Finance Sub Inc 88.05%
20 Ardonagh Group Finance Ltd 87.19%
21 JANE STREET GROUP LLC 144A 86.96%
22 Univision Communications Inc 83.05%
23 MPT Operating Partnership LP / MPT Finance Corp 82.73%
24 GENMAB/GENMAB 6.25% Dec32 80.53%
25 ALTICE FRANCE SA (FRANCE) 144A 79.91%
26 Caesars Entertainment Inc 78.57%
27 Tenet Healthcare Corp 77.73%
28 CLEVELAND-CLI 7% Mar32 76.91%
29 DIRECTV FINANCING LLC 144A 75.41%
30 AMC Networks Inc 73.52%
31 HILTON DOMEST 3.625% Feb32 73.39%
32 CLYDESDALE ACQUISITION HOLDINGS IN 144A 73.05%
33 VZ Secured Financing BV 71.22%
34 WAND NEWCO 3 INC 144A 70.09%
35 NGL ENERGY OPERATING LLC 144A 69.95%
36 SIRIUS XM RADIO LLC 144A 65.95%
37 Clarios Global LP / Clarios US Finance Co 65.74%
38 SURGERY CENTE 7.25% Apr32 65.23%
39 BUILDERS FIRS 4.25% Feb32 63.64%
40 Ryan Specialty LLC 62.71%
41 ALBERTSONS CO 5.625% Mar32 61.94%
42 Opal Bidco SAS 60.39%
43 Howden UK Refinance PLC / Howden UK Refinance 2 PLC / Howden US Refinance LLC 59.54%
44 ION PLATFORM FINANCE US INC 144A 59.25%
45 CRESCENT ENERGY FINANCE LLC 144A 58.71%
46 Olympus Water US Holding Corp 58.06%
47 Celanese Us Holdings Llc 56.96%
48 CCO Holdings LLC / CCO Holdings Capital Corp 56.45%
49 Six Flags Entertainment Corp/Canada's Wonderland Co/Millennium Operations LLC 55.91%
50 YUM! BRANDS I 4.625% Jan32 55.16%

Sectors

Allocation by industry sector.
 
Sector Weight
Corporate Bonds 4134.00%
Unknown 3951.00%
Consumer Discretionary 901.00%
Materials 353.00%
Health Care 330.00%
Financials 239.00%
Industrials 193.00%
Consumer Staples 160.00%
Technology 95.00%
Energy 18.00%

Regions

Geographic allocation by country of risk.
 
Country Weight
United States 5476.00%
UNKNOWN 3244.00%
Canada 457.00%
United Kingdom 132.00%
Bermuda 124.00%
Australia 103.00%
Jersey 87.00%
Denmark 81.00%
Netherlands 71.00%
MULT 66.00%
France 60.00%
Japan 42.00%
Luxembourg 29.00%
Ireland 28.00%
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