ETF Evaluator:
iShares iBonds 2033 Term HY and Inc ETF ()
Follow This ETF
(as of Aug 25)
Best Performing in High Yield Bond Over the Last Year
| 7.6% | Fidelity Sustainable High Yield ETF (FSYD) |
| 7.4% | Horizon Flexible Income ETF (FLXN) |
| 6.7% | iShares Interest Rate Hdg Hi Yld Bd ETF (HYGH) |
| 6.6% | Fidelity Enhanced High Yield ETF (FDHY) |
| 6.3% | Harbor Ares Systematic High-Yield ETF (SIHY) |
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Risk
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ETF Details
iShares iBonds 2033 Term HY and Inc ETF Overview
iShares iBonds 2033 Term HY and Inc ETF (IBHM) is a passively managed Taxable Bond High Yield Bond exchange-traded fund (ETF). iShares launched the ETF in 2026.
The investment seeks to track the investment results of Bloomberg 2033 Term High Yield and Income Index composed of U.S. dollar-denominated, high yield and other income generating corporate bonds maturing in 2033.
The underlying 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, 2033 and December 15, 2033, inclusive. The fund will invest at least 80% of its assets in the component instruments of the underlying index. It is non-diversified.
About iShares iBonds 2033 Term HY and Inc ETF (IBHM)
There are 3 members of the management team with an average tenure of 0.35 years: James Mauro (2026), Jonathan Graves (2026) and Marcus Tom (2026). Management tenure is more important for actively managed ETFs than passive index ETFs.
The ETF has 1 primary benchmark: Bloomberg 2033 Term HY & Income TR USD index with a weighting of 100%. iShares iBonds 2033 Term HY and Inc ETF has 175 securities in its portfolio. The top 10 holdings constitute 15.9% 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 2033 Term HY and Inc ETF is part of the Fixed Income global asset class and is within the Taxable Bond ETF group. iShares iBonds 2033 Term HY and Inc ETF has 9.3% 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 99.7% (90.4% domestic bond, 9.3% foreign bond and 0.0% convertible bond). iShares iBonds 2033 Term HY and Inc ETF has 0.4% of the portfolio in cash.
Assets Under Management
The fund has $15 million in total assets, which is below the $1 billion average for the High Yield 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.
IBHM 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 2033 Term HY and Inc ETF expense ratio is below average compared to funds in the High Yield Bond category. iShares iBonds 2033 Term HY and Inc ETF has an expense ratio of 0.35%, which is 12% 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 iBonds 2033 Term HY and Inc ETF has a portfolio turnover rate of 0%, which indicates that it holds its assets around /years. By way of comparison, the average portfolio turnover is 69% for the High Yield Bond category.
Recently, in the month of July 2026, iShares iBonds 2033 Term HY and Inc ETF returned -0.9%, which earned it a grade of F, as the High Yield Bond category had an average return of -0.2%. 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 2033 Term HY and Inc ETF has a trailing yield of 0.00%, which is below the 6.77% category average.
The fund normally distributes its income annually 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.
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IBHM 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 |
|
| IBHM Return (NAV) | -0.9% | -0.2% | na | na | na | na |
| IBHM Return (Price) | -1.0% | -0.4% | na | na | na | na |
| NAV +/- Price Return | 0.144% | 0.215% | na | na | na | na |
| High Yield Bond Avg | -0.2% | 0.5% | 5.0% | 7.8% | 3.8% | 5.0% |
| IBHM Grade (NAV) | F | F | na | na | na | na |
| +/- Category (NAV) | -0.6% | -0.7% | na | na | na | na |
| IBHM Tax-Cost Ratio | na | na | na | na | na | na |
IBHM Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| IBHM Return (NAV) | na | na | na | na | na | na | na | na | na | na | na |
| IBHM Return (Price) | na | na | na | na | na | na | na | na | na | na | na |
| NAV +/- Price Ret | na | na | na | na | na | na | na | na | na | na | na |
| High Yield Bond Avg | 1.7% | 8.4% | 7.5% | 12.4% | -10.1% | 4.2% | 6.1% | 13.4% | -2.3% | 7.1% | 13.0% |
| IBHM Grade (NAV) | na | na | na | na | na | na | na | na | na | na | na |
| +/- Category | na | na | 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: | -- |
| Total Assets: | $ 15 Mil |
| Share Class Assets: | $ 15 Mil |
| Turnover: | na |
| Expense Ratio: | 0.35% |
| Index Fund: | Yes |
| Index Tracked: | Bloomberg 2033 Term HY & Income TR USD |
| Index Weighting: | 100% |
| Leveraged: | No |
| Socially Responsible Fund: | No |
| Capital Gains Distribution Frequency: | Annually |
| Income Distribution Frequency: | Annually |
Management Team
| Number of Managers: 3 | |||
| Longest Tenure: 0.4 years | |||
| Average Tenure: 0.4 years | |||
| Managers (Year): Mauro James (2026), Graves Jonathan (2026), Tom Marcus (2026) | |||
Portfolio Composition (as of 7/31/26)
| # of Holdings: | 175 |
| % in Top 10 Holdings: | 15.9% |
| Fund is Non-Diversified: | Yes |
| % in Foreign Issues: | 9.3% |
Portfolio Allocation |
|
| Domestic Stock: | 0.0% |
| Foreign Stock: | 0.0% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 90.4% |
| Foreign Bond: | 9.3% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | 0.4% |
Purchase Information
| Legal Structure: | Open Ended Investment Company |
| Fund Family: | iShares |
| Phone Number: | 800-474-2737 |
| Website: | au.ishares.com |
| Inception Date: | March 25, 2026 |
Expenses and Fees
| Expense Ratio (%): | 0.35% (Rating: Below Avg) |
| Category Average Expense Ratio (%): | 0.40% |
