ETF Evaluator:
iShares iBonds 2031 Ter Hi Yld AndIncETF ()
Follow This ETF
(as of Aug 26)
Best Performing in Target Maturity Over the Last Year
| 6.0% | iShares iBonds 2030 Term Hi Yld & IncETF (IBHJ) |
| 5.6% | Invesco BulletShares 2030 HY Corp Bd ETF (BSJU) |
| 5.4% | iShares iBonds 2029 Term HY & Inc ETF (IBHI) |
| 5.3% | iShares iBonds 2028 Term HY & Inc ETF (IBHH) |
| 5.2% | Invesco BulletShares 2028 HY Corp Bd ETF (BSJS) |
Risk
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Risk
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ETF Details
iShares iBonds 2031 Ter Hi Yld AndIncETF Overview
iShares iBonds 2031 Ter Hi Yld AndIncETF (IBHK) is a passively managed Taxable Bond Target Maturity exchange-traded fund (ETF). iShares launched the ETF in 2024.
The investment seeks to track the investment results of the Bloomberg 2031 Term High Yield and Income Index.
The fund seeks to meet its investment objective generally by investing in component securities of the underlying index. 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, 2031 and December 15, 2031, inclusive. The fund is non-diversified.
About iShares iBonds 2031 Ter Hi Yld AndIncETF (IBHK)
There are 3 members of the management team with an average tenure of 1.40 years: James Mauro (2024), 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: Bloomberg US Universal TR USD index with a weighting of 100% and Bloomberg 2031 Term HY n Income TR USD index with a weighting of 100%. iShares iBonds 2031 Ter Hi Yld AndIncETF has 292 securities in its portfolio. The top 10 holdings constitute 13.3% of the ETF’s assets. The ETF meets the SEC requirement of being classified as a nondiversified fund. The ETF is not considered to have an ESG focus with its investment selection and management.
iShares iBonds 2031 Ter Hi Yld AndIncETF is part of the Fixed Income global asset class and is within the Taxable Bond ETF group. iShares iBonds 2031 Ter Hi Yld AndIncETF has 10.8% 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 98.6% (87.8% domestic bond, 10.8% foreign bond and 0.0% convertible bond). iShares iBonds 2031 Ter Hi Yld AndIncETF has 1.4% of the portfolio in cash.
Assets Under Management
The fund has $70 million in total assets, which is below the $585 million average for the Target Maturity 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.
IBHK 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 iBonds 2031 Ter Hi Yld AndIncETF expense ratio is below average compared to funds in the Target Maturity category. iShares iBonds 2031 Ter Hi Yld AndIncETF has an expense ratio of 0.35%, which is 119% higher than its category average, making the fund expense ratio grade a F. 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 iBonds 2031 Ter Hi Yld AndIncETF has a portfolio turnover rate of 15%, which indicates that it holds its assets around / 0.1 years. By way of comparison, the average portfolio turnover is 40% for the Target Maturity category.
Recently, in the month of July 2026, iShares iBonds 2031 Ter Hi Yld AndIncETF returned -0.6%, which earned it a grade of C, as the Target Maturity category had an average return of -0.8%. 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 iBonds 2031 Ter Hi Yld AndIncETF has a trailing yield of 6.49%, which is above the 5.56% category average.
The fund normally distributes its income monthly and its capital gains annually.
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 iBonds 2031 Ter Hi Yld AndIncETF Grades
Year to date, the ETF has returned 1.5%, 1.3 percentage points better than the category, which translates into a grade of B. The fund has returned 5.0% over the past year (grade of A).
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IBHK Trailing NAV Total Returns Data as of 7/31/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| IBHK Return (NAV) | -0.6% | 0.2% | 5.0% | na | na | na |
| IBHK Return (Price) | -0.5% | 0.4% | 5.4% | na | na | na |
| NAV +/- Price Return | -0.078% | -0.180% | -0.401% | na | na | na |
| Target Maturity Avg | -0.8% | -0.4% | 3.1% | 5.7% | 1.2% | na |
| IBHK Grade (NAV) | C | B | A | na | na | na |
| +/- Category (NAV) | 0.2% | 0.7% | 1.9% | na | na | na |
| IBHK Tax-Cost Ratio | na | na | 2.6% | na | na | na |
IBHK Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| IBHK Return (NAV) | 1.5% | 8.9% | na | na | na | na | na | na | na | na | na |
| IBHK Return (Price) | 1.9% | 9.1% | na | na | na | na | na | na | na | na | na |
| NAV +/- Price Ret | 0.267% | 0.018% | na | na | na | na | na | na | na | na | na |
| Target Maturity Avg | 0.2% | 7.4% | 4.1% | 8.3% | -11.8% | -1.1% | 8.8% | 15.4% | -2.6% | 5.7% | na |
| IBHK Grade (NAV) | B | B | na | na | na | na | na | na | na | na | na |
| +/- Category | 1.3% | 1.5% | na | na | na | na | na | na | na | na | na |
| Risk Measures | |
| Beta: | na |
| R-Squared: | na |
| Standard Deviation: | na |
| Category Risk Index: | na |
| Category Risk Rating: | |
| Total Risk Index: | na |
| Total Risk Rating: | |
| Portfolio Characteristics | |
| Yield: | 6.5% |
| Total Assets: | $ 71 Mil |
| Share Class Assets: | $ 71 Mil |
| Turnover: | 15.0% |
| Expense Ratio: | 0.35% |
| Index Fund: | Yes |
| Index Tracked: | Bloomberg US Universal TR USD |
| Index Weighting: | 100% |
| Leveraged: | No |
| Socially Responsible Fund: | No |
| Capital Gains Distribution Frequency: | Annually |
| Income Distribution Frequency: | Monthly |
Management Team
| Number of Managers: 3 | |||
| Longest Tenure: 2.2 years | |||
| Average Tenure: 1.4 years | |||
| Managers (Year): Mauro James (2024), Graves Jonathan (2025), Tom Marcus (2025) | |||
Portfolio Composition (as of 7/31/26)
| # of Holdings: | 292 |
| % in Top 10 Holdings: | 13.3% |
| Fund is Non-Diversified: | Yes |
| % in Foreign Issues: | 10.8% |
Portfolio Allocation |
|
| Domestic Stock: | 0.0% |
| Foreign Stock: | 0.0% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 87.8% |
| Foreign Bond: | 10.8% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | 1.4% |
Purchase Information
| Legal Structure: | Open Ended Investment Company |
| Fund Family: | iShares |
| Phone Number: | 800-474-2737 |
| Website: | au.ishares.com |
| Inception Date: | May 22, 2024 |
Expenses and Fees
| Expense Ratio (%): | 0.35% (Rating: Below Avg) |
| Category Average Expense Ratio (%): | 0.16% |
