iShares iBonds 2023 Term High Yield and Income ETF (IBHC)
iShares iBonds 2023 Term High Yield and Income ETF operates in the Asset Management - Bonds industry of the Financial Services sector, headquartered in San Francisco, CA, US. The stock last traded at $23.61, down 0.32% on the session, giving a market capitalisation of $156.2M. Its beta of 0.10 implies it has historically moved less than the broad market.
This fund commits at least 80% of its total assets to the specific securities included in its reference index. Moreover, a minimum of 90% of its investments will be directed towards fixed-income instruments of the same categories found within that index. The underlying index itself comprises taxable, U.S. dollar-denominated, fixed-rate corporate bonds. These bonds carry a high yield or BBB (or equivalent) credit rating and are scheduled to mature between January 1, 2023, and December 15, 2023, without exception.
iShares iBonds 2023 Term High Yield and Income ETF is most often compared with the following Financial Services names: