iShares iBonds 1-5 Year High Yield and Income Ladder ETF
LDRH
New York Stock Exchange Arca- -
USD
- -
- -
Capital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- CEO
- Laurence D. Fink
- Sector
- Financial Services
- Industry
- Asset Management - Bonds
- Address
- 55 East 52nd Street New York City NY United States of America 10055
- IPO Date
- Nov 7, 2024
- CIK
- 0001348324
- Website
- ishares.com
- Similar Companies
- Business
- iShares iBonds 1-5 Year High Yield and Income Ladder ETF (LDRH) is an exchange-traded fund managed by BlackRock that seeks to track the BlackRock iBonds 1-5 Year High Yield and Income Ladder Index. Launched on November 7, 2024, and domiciled in the United States, the ETF operates as a fund-of-funds, holding an equally weighted portfolio of five underlying iShares iBonds High Yield and Income ETFs with consecutive target maturities spanning 1-5 years (approximately 2026 through 2030 Term High Yield and Income ETFs, such as IBHF, IBHG, IBHI, and equivalents); these underlying funds invest primarily in USD-denominated high yield (below investment grade) and BBB-rated corporate bonds, supplemented by minimal cash equivalents. The fund targets investors seeking income from short-duration high yield fixed income exposure with limited interest rate sensitivity, offering monthly distributions, a net expense ratio of 0.35% (driven by acquired fund fees), and a focus on U.S. and non-U.S. corporate bonds (approximately 85% U.S. bonds, 13% non-U.S. bonds as of late 2025). Top individual bond issuers in the underlying holdings include CCO Holdings LLC, Sirius XM Radio LLC, Nissan Motor Acceptance Company LLC, DISH DBS Corp, and Tenet Healthcare Corp. Headquartered in New York through its sponsor BlackRock, Inc., LDRH expands BlackRock's iShares iBonds franchise, which has grown to over $32 billion in assets under management since 2010 and encompasses various fixed income segments including Treasuries, municipals, investment grade, high yield, and TIPS. The ETF provides a turnkey bond laddering solution for financial advisors, enabling efficient management of maturity staggering, interest rate risk, yield enhancement, and portfolio diversification in the high yield bond category. In late 2024, BlackRock launched LDRH as part of an inaugural suite of four iShares iBonds 1-5 Year Ladder ETFs (including counterparts for Treasuries (LDRT), investment-grade bonds (LDRG), and TIPS (LDRP)), listed on NYSE Arca, marking a strategic extension of its defined maturity ETF platform to simplify laddering across key fixed income classes amid surging demand for bond ETFs. The indexes underlying these ladder ETFs are rebalanced and reconstituted annually, replacing maturing components with new five-year termination funds to maintain the 1-5 year ladder structure. As of December 2025, LDRH maintains total net assets of approximately $4 million, with recent monthly distributions declared (e.g., $0.1435 per share) and ongoing portfolio adjustments reflecting the dynamic maturation of underlying high yield bonds. No major acquisitions, partnerships, or reorganizations specific to LDRH have been reported since inception, though BlackRock continues to innovate in its $1 trillion+ global fixed income ETF lineup.