Mar 31, 2026, 12:30 PMseekingalpha.comIBHF
Don't Be Fooled By The Average: IBHF's Real Yield Story
Security terms
The iShares iBonds 2026 Term High Yield and Income ETF offers a fixed maturity structure, liquidating in 2026 and returning capital to investors. IBHF's headline 7.54% yield to maturity is misleading; the real average YTM is closer to 5.1%-5.28% due to a small portion of distressed holdings. Over 80% of IBHF's portfolio yields between 4-7% and carries higher credit ratings, while just 8.5% of assets inflate the average yield via high-risk, junk-rated bonds.
