ETF Evaluator:
iShares Interest Rate Hdg L/T Corp BdETF (IGBH)
Follow This ETF
(as of Jul 31)
Best Performing in Ultrashort Bond Over the Last Year
| 8.0% | iShares Interest Rate Hdg L/T Corp BdETF (IGBH) |
| 7.0% | iShares Interest Rate Hedged Corp Bd ETF (LQDH) |
| 6.1% | Simplify Treasury Option Income ETF (BUCK) |
| 5.8% | iShares Interest Rt Hdg U.S. Aggt Bd ETF (AGRH) |
| 5.5% | SLW Short Duration Income ETF (SLWS) |
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ETF Details
iShares Interest Rate Hdg L/T Corp BdETF Overview
iShares Interest Rate Hdg L/T Corp BdETF (IGBH) is a passively managed Taxable Bond Ultrashort Bond exchange-traded fund (ETF). iShares launched the ETF in 2015.
The investment seeks to track the investment results of the BlackRock Interest Rate Hedged Long-Term Corporate Bond Index designed to minimize the interest rate exposure of a portfolio composed of U.S. dollar-denominated, investment-grade corporate bonds with remaining maturities greater than ten years.
The fund seeks to achieve its investment objective by investing, under normal circumstances, at least 80% of its net assets, plus the amount of any borrowings for investment purposes, in component securities and instruments in the fund’s underlying index and/or bonds included in the underlying index of the underlying fund.
About iShares Interest Rate Hdg L/T Corp BdETF (IGBH)
There are 3 members of the management team with an average tenure of 4.26 years: James Mauro (2015), Jonathan Graves (2025) and Marcus Tom (2025). Management tenure is more important for actively managed ETFs than passive index ETFs.
The ETF has 2 primary benchmarks: ICE BofA US Broad Market TR USD index with a weighting of 100% and BlackRock IR Hdg Long-Term Corp Bd USD index with a weighting of 100%. iShares Interest Rate Hdg L/T Corp BdETF has 306 securities in its portfolio. The top 10 holdings constitute 116.9% of the ETF’s assets. The ETF meets the SEC requirement of being classified as a diversified fund. The ETF is not considered to have an ESG focus with its investment selection and management.
iShares Interest Rate Hdg L/T Corp BdETF is part of the Fixed Income global asset class and is within the Taxable Bond ETF group. iShares Interest Rate Hdg L/T Corp BdETF has 16.6% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 0.0% There is 0.0% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 92.6% (76.0% domestic bond, 16.6% foreign bond and 0.0% convertible bond). iShares Interest Rate Hdg L/T Corp BdETF has 98.3% of the portfolio in cash.
Assets Under Management
The fund has $195 million in total assets, which is below the $4 billion average for the Ultrashort Bond category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.
IGBH Performance and Fees
The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The iShares Interest Rate Hdg L/T Corp BdETF expense ratio is low compared to funds in the Ultrashort Bond category. iShares Interest Rate Hdg L/T Corp BdETF has an expense ratio of 0.14%, which is 35% lower than its category average, making the fund expense ratio grade a B. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.
High portfolio turnover can translate to higher expenses and lower aftertax returns. iShares Interest Rate Hdg L/T Corp BdETF has a portfolio turnover rate of 7%, which indicates that it holds its assets around / 0.1 years. By way of comparison, the average portfolio turnover is 57% for the Ultrashort Bond category.
Recently, in the month of June 2026, iShares Interest Rate Hdg L/T Corp BdETF returned -0.4%, which earned it a grade of F, as the Ultrashort Bond category had an average return of 0.3%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all ETFs in that category.
iShares Interest Rate Hdg L/T Corp BdETF has a trailing yield of 5.68%, which is above the 4.12% category average.
The fund normally distributes its income monthly and its capital gains monthly.
It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.
iShares Interest Rate Hdg L/T Corp BdETF Grades
Year to date, the ETF has returned 2.0%, 0.2 percentage points better than the category, which translates into a grade of A. The fund has returned 8.0% over the past year (grade of A), 8.0% over the past three years (grade of A) and 5.3% per year over the past five years (grade of A) and 5.0% per year over the past 10 years (grade of A).
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IGBH Trailing NAV Total Returns Data as of 6/30/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| IGBH Return (NAV) | -0.4% | 2.9% | 8.0% | 8.0% | 5.3% | 5.0% |
| IGBH Return (Price) | -0.3% | 3.0% | 7.9% | 8.1% | 5.2% | 5.1% |
| NAV +/- Price Return | -0.023% | -0.134% | 0.090% | -0.095% | 0.073% | -0.065% |
| Ultrashort Bond Avg | 0.3% | 1.0% | 4.3% | 5.3% | 3.8% | 3.0% |
| IGBH Grade (NAV) | F | A | A | A | A | A |
| +/- Category (NAV) | -0.6% | 1.8% | 3.7% | 2.7% | 1.5% | 2.0% |
| IGBH Tax-Cost Ratio | na | na | 2.3% | 2.7% | 2.3% | 1.8% |
IGBH Annual NAV Total ReturnsData as of 6/30/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| IGBH Return (NAV) | 2.0% | 8.1% | 7.4% | 12.4% | -3.0% | 2.7% | 0.7% | 9.3% | -3.3% | 9.7% | 7.0% |
| IGBH Return (Price) | 2.0% | 7.9% | 7.8% | 12.1% | -2.8% | 2.2% | 1.1% | 9.6% | -4.1% | 9.3% | 7.6% |
| NAV +/- Price Ret | -0.021% | -0.025% | 0.057% | -0.024% | -0.050% | -0.189% | 0.500% | 3.3% | 21.7% | -3.3% | 8.4% |
| Ultrashort Bond Avg | 1.8% | 4.8% | 5.8% | 6.1% | 0.4% | 0.3% | 1.4% | 3.6% | 1.4% | 2.3% | 1.9% |
| IGBH Grade (NAV) | A | A | A | A | F | A | F | A | F | A | A |
| +/- Category | 0.2% | 3.2% | 1.6% | 6.4% | -3.4% | 2.4% | -0.7% | 5.7% | -4.7% | 7.4% | 5.1% |
| Risk Measures | |
| Beta: | 0.16 |
| R-Squared: | 5% |
| Standard Deviation: | 4.1% |
| Category Risk Index: | 6.66 |
| Category Risk Rating: | High |
| Total Risk Index: | 0.33 |
| Total Risk Rating: | Low |
| Portfolio Characteristics | |
| Yield: | 5.7% |
| Total Assets: | $ 195 Mil |
| Share Class Assets: | $ 195 Mil |
| Turnover: | 7.0% |
| Expense Ratio: | 0.14% |
| Index Fund: | Yes |
| Index Tracked: | ICE BofA US Broad Market TR USD |
| Index Weighting: | 100% |
| Leveraged: | No |
| Socially Responsible Fund: | No |
| Capital Gains Distribution Frequency: | Monthly |
| Income Distribution Frequency: | Monthly |
Management Team
| Number of Managers: 3 | |||
| Longest Tenure: 11.0 years | |||
| Average Tenure: 4.3 years | |||
| Managers (Year): Mauro James (2015), Graves Jonathan (2025), Tom Marcus (2025) | |||
Portfolio Composition (as of 6/30/26)
| # of Holdings: | 306 |
| % in Top 10 Holdings: | 116.9% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 16.6% |
Portfolio Allocation |
|
| Domestic Stock: | 0.0% |
| Foreign Stock: | 0.0% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 76.0% |
| Foreign Bond: | 16.6% |
| Convertible Bond: | 0.0% |
| Other: | -90.9% |
| Cash: | 98.3% |
Purchase Information
| Legal Structure: | Open Ended Investment Company |
| Fund Family: | iShares |
| Phone Number: | 800-474-2737 |
| Website: | www.iShares.com |
| Inception Date: | July 22, 2015 |
Expenses and Fees
| Expense Ratio (%): | 0.14% (Rating: Low) |
| Category Average Expense Ratio (%): | 0.22% |
