iShares iBonds 2028 Term High Yield and Income ETF

iShares iBonds 2028 Term High Yield and Income ETF is a fixed-income exchange-traded fund that focuses on U.S. dollar-denominated corporate bonds maturing in 2028. The fund is designed to provide exposure to high yield and other income-generating debt, including lower-rated and BBB-rated corporate bonds, while following a defined maturity structure. By concentrating on bonds with a specific end date, it gives investors a portfolio that naturally winds down over time rather than maintaining perpetual bond exposure. The fund also supports monthly income distribution and can be used as a building block for bond ladders or for managing interest-rate sensitivity within a broader fixed-income allocation. Its holdings span multiple corporate sectors, giving diversified access to the U.S. high yield credit market through a single portfolio.