IBHL iShares iBonds 2032 Term High Yield and Income ETF

ETF

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IBHL — —
Key stats
About

iShares iBonds 2032 Term High Yield and Income ETF (IBHL) ETF

No description available.

Exchange
BATS
Inception
2025-03-25
Has Options
No
Homepage
https://www.ishares.com/us
Fund profile
holdings as of Oct 20, 2026issuer datathrough Jul 2026flows, SEC filings
Taxable Bond Target Maturity#69 of 94 by assets iShares Index-tracking
Expense ratio
0.35%
issuer, Oct 22, 2026
Assets
$34M
issuer-reported, Oct 20, 2026
Trailing yield
6.47%
paid monthly
Average daily volume
$310K
30 sessions
Holdings
228
top 10 are 14.7%
Listed
Mar 25, 2025
Cboe BZX
Net asset value
$24.28
issuer, Oct 21, 2026 · closed +0.44% to NAV
Median bid/ask spread
0.37%
30 days, issuer-reported
30-day SEC yield
7.78%
issuer, Oct 20, 2026
Return on NAV, 1 year
+0.9%
issuer, through Sep 30, 2026
Distributions, 12 months
$1.58 a share
issuer, through Oct 1, 2026: 100% income
Closure risk, 12 months
3.2%
low: trading volume, age · model
Tracking difference
-0.14 pts
vs index, after fees, FY 2025
FrenzyCap ETF score
41
how it is built
Cost43
Liquidity16
Scale10
Diversification100

Moves with. Long Treasuries (38% of its variance, beta 0.34); US large-cap stocks (18% of its variance, beta 0.11); High yield over Treasuries (8% of its variance, beta 0.59); US dollar (3% of its variance, beta -0.06). These factors explain 71% of its daily moves over the last year.

Stated objective. The iShares iBonds 2032 Term High Yield and Income ETF (the Fund ) seeks to track the investment results of an index composed of U.S. dollar-denominated, high yield and other income generating corporate bonds maturing in 2032. (from the fund's prospectus)

All 228 holdingsFlow historyOverlap toolAll Target Maturity ETFs

Fund flows
daily as of Oct 20, 2026issuer datathrough Jul 2026SEC filings
Oct 20, 2026
$0
latest day
Latest 5 trading days
$0
Latest 21 trading days
+$4.9M
+14.4% of assets
Year to date
+$23M
+$25M over 12 months
Each day
Net creations of IBHL by day, Sep 22, 2026 to Oct 20, 2026
DayNet flow
Oct 20, 2026$0
Oct 19, 2026$0
Oct 16, 2026$0
Oct 15, 2026$0
Oct 14, 2026$0
Oct 13, 2026$0
Oct 12, 2026$0
Oct 9, 2026+$1.2M
Oct 8, 2026$0
Oct 7, 2026$0
Oct 6, 2026$0
Oct 5, 2026+$1.2M
Oct 2, 2026$0
Oct 1, 2026$0
Sep 30, 2026$0
Sep 29, 2026$0
Sep 28, 2026$0
Sep 25, 2026$0
Sep 24, 2026+$2.5M
Sep 23, 2026$0
Sep 22, 2026$0

Daily figures are the change in shares outstanding times net asset value, both as the issuer publishes them each day.

Jul 2026
+$3.8M
latest reported month
Latest 3 months
+$8.8M
+31.9% of assets
Latest 12 months
+$19M
+68.8% of assets
Aug 2025: +$1.3MSep 2025: $0SepOct 2025: $0Nov 2025: +$1.3MNovDec 2025: +$1.3MJan 2026: $0JanFeb 2026: +$2.6MMar 2026: +$1.3MMarApr 2026: +$2.5MMay 2026: +$2.5MMayJun 2026: +$2.5MJul 2026: +$3.8M+$3.8MJul
View as a table
Net flows of IBHL by month, Aug 2025 to Jul 2026
MonthNet flow
Jul 2026+$3.8M
Jun 2026+$2.5M
May 2026+$2.5M
Apr 2026+$2.5M
Mar 2026+$1.3M
Feb 2026+$2.6M
Jan 2026$0
Dec 2025+$1.3M
Nov 2025+$1.3M
Oct 2025$0
Sep 2025$0
Aug 2025+$1.3M

Net creations and redemptions from the fund's SEC filings, which become public about 60 days after each quarter. Every month since 18 months ago

Similar funds
FundOverlapFeeAssets1Y
BSCRInvesco BulletShares 2027 Corporate Bond ETF—0.10%$4.5B−1.0%compare
IBDTiShares iBonds Dec 2028 Term Corporate ETF—0.10%$4.1B−2.3%compare
IBDSiShares iBonds Dec 2027 Term Corporate ETF—0.10%$4.0B−0.9%compare
IBDUiShares iBonds Dec 2029 Term Corporate ETF—0.10%$4.0B−3.5%compare
BSCSInvesco BulletShares 2028 Corporate Bond ETF—0.10%$3.5B−2.3%compare

The largest other funds in the Target Maturity category.

Under the hood
fiscal year to Oct 31, 2025SEC census
Authorized participants
2 active
of 36 with agreements; top 3 did 100%
Created · redeemed
$13M · $2.5M
over the fiscal year
Redemptions in kind
99%
creations 74% in kind
Creation unit
50,000
shares
Securities lending
3.70%
of assets on loan on average; earned 1.2 bp
Return vs index
-0.14 pts
after fees; +0.08 before; daily s.d. 0.14
Diversification status
Non-diversified
may concentrate in fewer issuers

From the fund's annual census filing with the SEC. In-kind redemptions are what let an ETF shed appreciated securities without realising gains.

ETF Profile
holdings as of 2026-10-20
Holdings
228
AUM
$34.0M
Provider
iShares (BlackRock)
Inception
2025-03-25
Exchange
BATS
Data As Of
2026-10-20
Expense Ratio
0.35%
Dividend Yield
6.47%
Distribution
Monthly
Recent distributions
Ex-Date Pay Date Amount Type
2026-10-01 2026-10-06 $0.1325 CD
2026-09-01 2026-09-04 $0.1391 CD
2026-08-03 2026-08-06 $0.1279 CD
2026-07-01 2026-07-07 $0.1328 CD
2026-06-01 2026-06-04 $0.1315 CD
2026-05-01 2026-05-06 $0.1337 CD
Asset Allocation
Top Holdings
top 50 of 228 holdings
Symbol Name Weight % Asset Class Country
— 1261229 BC LTD 144A 2.85% Corporate Bond US
— QUIKRETE HOLDINGS INC 144A 2.06% Corporate Bond US
— SOFTBANK GROUP CORP 144A 1.89% Corporate Bond JP
— CCO HOLDINGS LLC 1.27% Corporate Bond US
— QXO BUILDING PRODUCTS INC 144A 1.20% Corporate Bond US
— TRANSDIGM INC 144A 1.17% Corporate Bond US
— VENTURE GLOBAL LNG INC 144A 1.13% Corporate Bond US
— BLOCK INC 1.08% Corporate Bond US
— IQVIA INC 144A 1.07% Corporate Bond US
— HUB INTERNATIONAL LTD 144A 1.02% Corporate Bond US
— PETSMART LLC 144A 1.00% Corporate Bond US
— VOYAGER PARENT LLC 144A 0.99% Corporate Bond US
— CLOUD SOFTWARE GROUP LLC 144A 0.94% Corporate Bond US
— ALTICE FRANCE SA (FRANCE) 144A 0.89% Corporate Bond FR
— NCL CORPORATION LTD 144A 0.89% Corporate Bond US
— BLK CSH FND TREASURY SL AGENCY 0.88% Cash/Money Market US
— CHS/COMMUNITY HEALTH SYSTEMS INC 144A 0.85% Corporate Bond US
— ARDONAGH GROUP FINANCE LTD 144A 0.85% Corporate Bond GB
— SHIFT4 PAYMENTS LLC 144A 0.84% Corporate Bond US
— GENMAB A/S 144A 0.79% Corporate Bond DK
— TENET HEALTHCARE CORP 144A 0.77% Corporate Bond US
— MPT OPERATING PARTNERSHIP LP 144A 0.77% Corporate Bond US
— UNIVISION COMMUNICATIONS INC 144A 0.77% Corporate Bond US
— CLEVELAND-CLIFFS INC 144A 0.75% Corporate Bond US
— DIRECTV FINANCING LLC 144A 0.75% Corporate Bond US
— ALTICE FRANCE SA (FRANCE) 144A 0.74% Corporate Bond FR
— CAESARS ENTERTAINMENT INC 144A 0.74% Corporate Bond US
— UNITI SERVICES LLC 144A 0.72% Corporate Bond US
— CLYDESDALE ACQUISITION HOLDINGS IN 144A 0.71% Corporate Bond US
— AMC GLOBAL MEDIA INC 144A 0.70% Corporate Bond US
— NGL ENERGY OPERATING LLC 144A 0.70% Corporate Bond US
— HILTON DOMESTIC OPERATING COMPANY 144A 0.70% Corporate Bond US
— SKYDANCE CORP 144A 0.69% Corporate Bond US
— SABRE FINANCIAL BORROWER LLC 144A 0.69% Corporate Bond US
— WAND NEWCO 3 INC 144A 0.68% Corporate Bond US
— ION PLATFORM FINANCE US INC 144A 0.67% Corporate Bond US
— SOLARIS ENERGY INFRASTRUCTURE LLC 144A 0.65% Corporate Bond US
— SURGERY CENTER HOLDINGS INC 144A 0.63% Corporate Bond US
— RYAN SPECIALTY LLC 144A 0.63% Corporate Bond US
— SIRIUS XM RADIO LLC 144A 0.63% Corporate Bond US
— CLARIOS GLOBAL LP 144A 0.62% Corporate Bond US
— BUILDERS FIRSTSOURCE INC 144A 0.61% Corporate Bond US
— VZ SECURED FINANCING BV 144A 0.60% Corporate Bond NL
— ALBERTSONS COMPANIES INC 144A 0.59% Corporate Bond US
— CRESCENT ENERGY FINANCE LLC 144A 0.59% Corporate Bond US
— GRAY MEDIA INC 144A 0.59% Corporate Bond US
— OPAL BIDCO SAS 144A 0.57% Corporate Bond FR
— HOWDEN UK REFINANCE 2 PLC 144A 0.56% Corporate Bond GB
— INVERSION ESCROW ISSUER LLC 144A 0.55% Corporate Bond US
— CELANESE US HOLDINGS LLC 0.55% Corporate Bond US
Non-Equity Breakdown
iShares iBonds 2032 Term High Yield and Income ETF · NPORT-P period 2026-04-30 (filed 2026-06-26)
Net assets: $19M · 208 total positions · equity 0.00% · non-equity 107.63%
Non-equity holdings — 208 positions, 107.63% of NAV
Category Weight Value Positions
Corporate 97.26% $18.5M 206
Short-term investment 10.37% $2.0M 2
Chart
Seasonality
'25'26Avg
Jan--0.48%0.48%
Feb--0.16%0.16%
Mar-0.12%-1.44%-0.78%
Apr-0.03%1.39%0.68%
May1.56%0.39%0.98%
Jun2.23%0.27%1.25%
Jul0.25%-0.32%-0.04%
Aug1.30%0.73%1.02%
Sep1.10%-2.94%-0.92%
Oct-0.11%0.27%*0.08%
Nov1.38%--1.38%
Dec0.19%--0.19%
Total7.99%-1.07%3.46%
* Only 2 year(s) of data available.
Technical Indicators

Quick-reference for reading the values below. Indicators combine to confirm a view — no single one is a trade signal on its own.

Trend Indicators
  • SMA 20 / 50 / 200 — price above = uptrend, below = downtrend. SMA 50 crossing SMA 200 is the golden/death cross.
  • EMA 12 / 26 — faster-reacting averages; 12 above 26 is short-term bullish.
  • MACD — bullish when MACD > signal (green badge), bearish when below. Divergence from price often precedes reversals.
  • ADX (14) — trend strength regardless of direction. <20 range, 20–25 weak trend, 25–50 trend, >50 strong trend.
  • +DI / −DI — +DI > −DI favors bulls; the reverse favors bears. Read alongside ADX.
Momentum Oscillators
  • RSI (14) — <30 oversold, >70 overbought. 40–60 is neutral; trending names can stay extreme.
  • Stochastic %K / %D — <20 oversold, >80 overbought. %K crossing %D is an early momentum signal.
  • Williams %R — inverted scale: <−80 oversold, >−20 overbought.

Oscillators work best in range-bound markets; in strong trends they give premature reversal signals.

Volume & Volatility
  • Bollinger Bands — price at upper band = overbought, lower = oversold. Narrow bands (squeeze) often precede expansion.
  • OBV — cumulative volume; rising OBV confirms uptrend, falling OBV confirms downtrend. Divergence from price is a warning.
  • Vol SMA 20 / Vol ROC — today's volume vs. 20-day average. Positive ROC with price move = conviction.
  • ATR / True Range — average daily $ move; sizing and stop-loss reference.
  • HV 20 / 30 / 60 — realized (historical) volatility. Compare to IV on the options cards: IV > HV = rich premium.

Confluence matters: trend + momentum + volume agreeing carries far more weight than any single indicator. For how these feed the spread scanner score, see the algorithm docs →

Trend Indicators

SMA 20: $24.46
SMA 50: $24.91
SMA 200: $25.32
Current: $24.40
EMA 12: $24.43
EMA 26: $24.58
MACD: -0.1481 | Signal: 0.0176
BEARISH
ADX (14): 31.32
TREND
+DI: 19.54
−DI: 31.40

Momentum Oscillators

RSI (14): 38.43
NEUTRAL
Stoch %K: 30.97
Stoch %D: 31.78
Williams %R: -63.95

Volume & Volatility

BB Upper: $24.70
BB Lower: $24.22
NEUTRAL
OBV: -986
Vol SMA 20: 12,184
Vol ROC: -91.04%
ATR: $0.15
True Range: $0.04
HV 20: 5.3%
HV 30: 5.6%
HV 60: 4.8%

Data Summary

Data Points: 396
Last Updated:
Date Range: 2025-03-26T00:00:00 – 2026-10-21T00:00:00
AI Analysis

Click Frenzy-Pro™ for an AI analysis of this ticker.

Analysis includes technical indicators, news sentiment, risk assessment, and specific price levels to watch.

News
All IBHL news →

IBHL Options Activity & IV Rank

Loading options activity...
Spread Scanner GPU
Full Algorithm Docs ↗

Each spread is ranked by a composite score built in three stages. Full documentation →

Stage 1 — Base Score (GPU scanner)

score = P(profit) × (credit / spread_width)
P(profit) from short leg delta (1 − |delta|), penalised above 85%. Credit uses mid-price to handle illiquid chains fairly.

Stage 2 — Skew Adjustment (±25% cap)

RR and BF (30-delta) from the persisted per-symbol skew snapshot — wing strikes picked by real greeks.delta, not a moneyness proxy. Put skew boosts bull puts, penalises bear calls. High butterfly boosts iron condors. Calendars are skew-neutral.

Stage 3 — Technical Overlay (±50% cap, 5 groups)
Group 1 · Directional Bias (±0.25)
  • RSI <40 bullish / >60 bearish
  • MACD crossover + histogram trend
  • Price vs SMA 50 & SMA 200
Group 2 · Momentum (±0.10)
  • Stochastic %K <20 / >80
  • Williams %R <−80 / >−20
Group 3 · Volatility (up to −0.25 / +0.15)
  • Blended ATR + straddle expected-move penalty
  • Bollinger Band signal (+ counter-trend penalty)
  • BB width — vol contraction boost for ICs
Group 4 · IV Regime (±0.15)
  • IV rank ≥ 75 → strong boost for credit spreads
  • IV rank < 25 → penalty (selling cheap vol)
Group 5 · Liquidity (penalty up to −0.10)
  • Min open interest across all legs
  • OI < 100 → −0.10 · OI < 500 → −0.05

score = base_score × skew_multiplier × tech_multiplier
Both multipliers are shown per spread. Beta is informational only — ATR already captures realized vol. Full algorithm documentation →

Enter a ticker to scan for optimal spread opportunities.

Evaluates all bull put, bear call, iron condor, and calendar spread combinations using GPU-accelerated analysis.

Skew (Wing IV − ATM IV)
DTE:
Wing Δ:
Metric:
Wing vs ATM
IV(put wing) − IV(ATM), in vol points

How much the OTM put trades above (or below) the at-the-money strike. Measures the height of the put-side tail relative to ATM — i.e. how expensive crash insurance is on this name.

  • Positive (typical) — wing IV > ATM IV. Standard equity put skew: portfolios bid up crash protection, so OTM puts trade richer than ATM.
  • Near zero or negative (unusual) — wing IV ≤ ATM IV. Flat or inverted put side. Common when there's no fear demand, in tightly mean-reverting names, or right after an earnings catalyst clears.
  • Percentile vs own 3-yr history: high = wings rich (good time to sell wing premium); low = wings cheap (good time to buy protection).
  • Not directional — high or low wings don't predict up or down moves. It's a price tag on tail insurance, not a forecast.
Risk Reversal
IV(call wing) − IV(put wing), equal delta on each side

Which side of the smile is the market paying up for? Measures the tilt of the surface — call skew vs put skew at matched deltas.

  • Negative (typical) — puts richer than calls. Standard equity behavior: hedging demand makes puts carry a premium. Most large-caps sit in the −1 to −5 vol-point range.
  • Strongly negative (< −5 pts) — heavy downside hedging, elevated fear, or an upcoming catalyst (earnings, FDA, macro event). Worth flagging.
  • Positive — calls richer than puts. Unusual for equities; signals bullish momentum, short-squeeze positioning, or takeover/M&A speculation.
  • Near zero — symmetric surface. Market sees roughly equal up/down risk. Rare for large-caps; more common in commodities and FX.
Reading them together

Wing-vs-ATM tells you how expensive the tails are. Risk Reversal tells you which side is favored. Combined:

  • High wing percentile + deeply negative RR → strong put bid; stress or major event priced in. Owning protection costs a premium; selling put premium is dangerous.
  • Low wing percentile + near-zero RR → complacency; insurance cheap and balanced. Good environment to add cheap downside hedges.
  • Positive RR + elevated wings → call-side fear-of-missing-out; common in squeeze setups. Upside calls expensive, downside puts not bid.
14 DTE / 10d —
— pts EXTREME
ATM — / Wing —
30 DTE / 10d —
— pts EXTREME
ATM — / Wing —

Percentile is the rank of today's reading within ~3 years of this symbol's own history. High percentile = wings are rich relative to history; not a directional signal. Skew is read off the chain in real time, not from CBOE SKEW.

Volatility Surface

Enter a ticker to render the implied volatility surface.

Volatility Smile

Enter a ticker to render the implied volatility smile.

IV Rank (7 DTE)
IV Rank (30 DTE)
Straddle Price (30 DTE)
Beta Analysis

Risk Metrics

Beta: 0.2407
Alpha: -8.71%
Correlation: 0.6433
R-Squared: 41.4%
Stock Volatility: 4.8%
Market Volatility: 12.7%

Analysis Details

Benchmark: SPY
Data Points: 250
Period: 252 trading days
Interpretation:
Low volatility - stock moves less than market
Beta & Alpha Over Time

IBHL Institutional Ownership (13F)

Latest filings — 2026-09-30

Institutional managers with $100M+ AUM file Form 13F-HR quarterly, due 45 days after quarter end. Holdings are reported gross at quarter-end market value — they are a snapshot, not a real-time position.

  • Shares — long equity positions in this name, aggregated across share classes.
  • Calls / Puts — notional value of long call / put exposure where this ticker is the underlying.
  • % of Float — holder's reported shares divided by the latest diluted shares outstanding. Sums above 100% indicate large custodian / prime broker positions where the same shares are reported by multiple filers.
  • Custodian badge — filers with more than 5,000 holdings are typically broker-dealers / custodians reporting customer-held shares, not active managers.

Each filer is counted once at its latest 13F-HR filing. New filings are ingested on a weekly cadence.

13 filers416,644 shares$10.57M value
# Filer Shares Value % of Total % of Float Period
1 LBMC INVESTMENT ADVISORS, LLC 164,572 $4.18M 39.58% — 2026-06-30
2 First Western Trust Bank 66,035 $1.68M 15.88% — 2026-06-30
3 Straight Path Wealth Management 49,163 $1.25M 11.82% — 2026-06-30
4 Bank of America Corp Custodian 39,462 $1.00M 9.49% — 2026-06-30
5 Integrated Wealth Concepts LLC 35,490 $901.98K 8.54% — 2026-06-30
6 MCF Advisors LLC 20,934 $532.04K 5.04% — 2026-06-30
7 Bullock Wealth Management Group 20,638 $502.18K 4.75% — 2026-09-30
8 Morgan Stanley Custodian 12,211 $310.34K 2.94% — 2026-06-30
9 Northwestern Mutual Wealth Management Co 3,900 $99.12K 0.94% — 2026-06-30
10 CNB Bank 2,563 $65.14K 0.62% — 2026-06-30
11 Wells Fargo & Company Custodian 664 $16.88K 0.16% — 2026-06-30
12 Bogart Wealth, LLC 581 $14.77K 0.14% — 2026-06-30
13 AE Wealth Management LLC Custodian 431 $10.95K 0.10% — 2026-06-30
# Filer Notional Value % of Total Period
# Filer Notional Value % of Total Period
Constituent Performance

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Constituents
Symbol Name Weight % Price 1 Day 1 Week 1 Month