Fixed Income

BYLD

iShares Yield Optimized Bond ETF

Overview

Important Information: Capital at Risk. The value of investments and the income from them can fall as well as rise and are not guaranteed. Investors may not get back the amount originally invested.

Important Information: Investors must read the Prospectus for any fund in which they wish to invest. Please contact us at the BlackRock Advisors UK Limited-Dubai Branch for the relevant Prospectus.

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Performance

Performance

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Distributions

Record Date Ex-Date Payable Date
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This chart shows the fund's performance as the percentage loss or gain per year over the last 9 years.

  2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Total Return (%) -1.0 5.3 4.9 -1.4 12.6 4.2 -1.1 -10.4 8.2
Benchmark (%) -1.0 5.2 4.8 -1.6 12.5 4.3 -1.3 -10.7 7.9
  From
31-Mar-2019
To
31-Mar-2020
From
31-Mar-2020
To
31-Mar-2021
From
31-Mar-2021
To
31-Mar-2022
From
31-Mar-2022
To
31-Mar-2023
From
31-Mar-2023
To
31-Mar-2024
Total Return (%)

as of 31-Mar-2024

3.06 5.01 -3.59 -2.92 6.17
Benchmark (%)

as of 31-Mar-2024

3.03 5.01 -3.89 -3.21 5.97
  1y 3y 5y 10y Incept.
6.17 -0.21 1.47 - 2.30
Benchmark (%) 5.97 -0.47 1.30 - 2.15
  YTD 1m 3m 6m 1y 3y 5y 10y Incept.
0.55 1.09 0.55 7.13 6.17 -0.62 7.54 - 25.42
Benchmark (%) 0.54 1.09 0.54 7.05 5.97 -1.42 6.66 - 23.52
The performance quoted represents past performance and does not guarantee future results. Investment return and principal value of an investment will fluctuate so that an investor’s shares, when sold or redeemed, may be worth more or less than the original cost. Current performance may be lower or higher than the performance quoted, and numbers may reflect small variances due to rounding. Standardized performance and performance data current to the most recent month end may be obtained by clicking the "Returns" tab above.

Key Facts

Key Facts

Net Assets of Fund
as of 24-May-2024
USD 192,580,237
Exchange
NYSE Arca
Benchmark Index
Morningstar U.S. Bond Market Yield-Optimized Index
Distribution Frequency
Monthly
CUSIP
46434V787
Fund Launch Date
22-Apr-2014
Asset Class
Fixed Income
Index Ticker
BMYOT
Premium/Discount
as of 24-May-2024
0.02%
Volume - 1d
as of 24-May-2024
58,073.00

Portfolio Characteristics

Portfolio Characteristics

Number of Holdings
as of 24-May-2024
7
12 Month Trailing Dividend Distribution Yield
as of 23-May-2024
4.75
Weighted Average YTM
as of 23-May-2024
6.13%
Weighted Avg Maturity
as of 23-May-2024
7.59
Convexity
as of 23-May-2024
0.48
Equity Beta (3y)
as of 30-Apr-2024
0.29
Standard Deviation (3y)
as of 30-Apr-2024
6.52
Weighted Avg Coupon
as of 23-May-2024
0.00
Effective Duration
as of 23-May-2024
4.83
Option Adjusted Spread
as of 23-May-2024
126.12

Sustainability Characteristics

Sustainability Characteristics

To be included in MSCI ESG Fund Ratings, 65% (or 50% for bond funds and money market funds) of the fund’s gross weight must come from securities with ESG coverage by MSCI ESG Research (certain cash positions and other asset types deemed not relevant for ESG analysis by MSCI are removed prior to calculating a fund’s gross weight; the absolute values of short positions are included but treated as uncovered), the fund’s holdings date must be less than one year old, and the fund must have at least ten securities. MSCI Ratings are currently unavailable for this fund.

Business Involvement

Business Involvement

Business Involvement metrics can help investors gain a more comprehensive view of specific activities in which a fund may be exposed through its investments.


Business Involvement metrics are not indicative of a fund’s investment objective, and, unless otherwise stated in fund documentation and included within a fund’s investment objective, do not change a fund’s investment objective or constrain the fund’s investable universe. For more information regarding a fund's investment strategy, please see the fund's prospectus.


Review the MSCI methodology behind the Business Involvement metrics, using links below.

MSCI - Controversial Weapons
as of 23-May-2024
0.42%
MSCI - Nuclear Weapons
as of 23-May-2024
0.35%
MSCI - Civilian Firearms
as of 23-May-2024
0.03%
MSCI - Tobacco
as of 23-May-2024
0.43%
MSCI - UN Global Compact Violators
as of 23-May-2024
0.34%
MSCI - Thermal Coal
as of 23-May-2024
0.17%
MSCI - Oil Sands
as of 23-May-2024
0.12%

Business Involvement Coverage
as of 23-May-2024
64.83%
Percentage of Fund not covered
as of 23-May-2024
35.17%
BlackRock business involvement exposures as shown above for Thermal Coal and Oil Sands are calculated and reported for companies that generate more than 5% of revenue from thermal coal or oil sands as defined by MSCI ESG Research. For the exposure to companies that generate any revenue from thermal coal or oil sands (at a 0% revenue threshold), as defined by MSCI ESG Research, it is as follows: Thermal Coal 0.34% and for Oil Sands 0.94%.

Business Involvement metrics are calculated by BlackRock using data from MSCI ESG Research which provides a profile of each company’s specific business involvement. BlackRock leverages this data to provide a summed up view across holdings and translates it to a fund's market value exposure to the listed Business Involvement areas above.


Business Involvement metrics are designed only to identify companies where MSCI has conducted research and identified as having involvement in the covered activity. As a result, it is possible there is additional involvement in these covered activities where MSCI does not have coverage. This information should not be used to produce comprehensive lists of companies without involvement. Business Involvement metrics are only displayed if at least 1% of the fund’s gross weight includes securities covered by MSCI ESG Research.

Fees

Fees

as of current prospectus
Management Fee 0.28
Acquired Fund Fees and Expenses 0.19
Foreign Taxes and Other Expenses 0.00
Gross Expense Ratio 0.47
Fee Waivers 0.28
Net Expense Ratio 0.19

Registered Locations

Registered Locations

Holdings

Holdings

as of 23-May-2024
Issuer Weight (%)
FEDERAL NATIONAL MORTGAGE ASSOCIATION 6.34
FEDERAL HOME LOAN MORTGAGE CORPORATION 4.31
FEDERAL HOME LOAN BANKS 3.40
GOVERNMENT NATIONAL MORTGAGE ASSOCIATION II 2.20
TENNESSEE VALLEY AUTHORITY 1.18
Issuer Weight (%)
FEDERAL FARM CREDIT BANKS FUNDING CORP 1.13
JPMORGAN CHASE & CO 1.06
BANK OF AMERICA CORP 0.90
INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPMENT 0.84
GOLDMAN SACHS GROUP INC/THE 0.83
Issuer Ticker Name Sector Asset Class Market Value Weight (%) Notional Value Par Value CUSIP ISIN SEDOL Price Location Exchange Currency Duration YTM (%) FX Rate Maturity Coupon (%) Mod. Duration Yield to Call (%) Yield to Worst (%) Real Duration Real YTM (%) Market Currency Accrual Date Effective Date
Name Sector Asset Class Market Value Weight (%) Notional Value Par Value CUSIP ISIN SEDOL Price Location Exchange Currency Duration YTM (%) FX Rate Maturity Coupon (%) Mod. Duration Yield to Call (%) Yield to Worst (%) Real Duration Real YTM (%) Accrual Date Effective Date
Detailed Holdings and Analytics contains detailed portfolio holdings information and select analytics.

Where portfolio holdings include investments in a Fixed Income ETF, the associated Asset Class of the Fixed Income ETF held will be displayed as “Fixed Income.”



The values shown for “market value,” “weight,” and “notional value” (the “calculated values”) are based off of a price provided by a third-party pricing vendor for the portfolio holding and do not reflect the impact of systematic fair valuation (“the vendor price”). The vendor price is not necessarily the price at which the Fund values the portfolio holding for the purposes of determining its net asset value (the “valuation price”). Holdings data shown reflects the investment book of record, which may differ from the accounting book of record used for the purposes of determining the Net Assets of the Fund. Additionally, where applicable, foreign currency exchange rates with respect to the portfolio holdings denominated in non-U.S. currencies for the valuation price will be generally determined as of the close of business on the New York Stock Exchange, whereas for the vendor price will be generally determined as of 4 p.m. London. The calculated values may have been different if the valuation price were to have been used to calculate such values. The vendor price is as of the most recent date for which a price is available and may not necessarily be as of the date shown above.

Please see the “Determination of Net Asset Value” section of each Fund’s prospectus for additional information on the Fund’s valuation policies and procedures.

Exposure Breakdowns

Exposure Breakdowns

as of 23-May-2024

% of Market Value

Type Fund
as of 23-May-2024

% of Market Value

Type Fund
The maturity breakdown above is based on Weighted Average Life (WAL). WAL is the average length of time to the repayment of principal for the securities in the fund. This metric considers the likelihood that bonds will be called or prepaid before the scheduled maturity date.

as of 23-May-2024

% of Market Value

Type Fund
Credit quality ratings on underlying securities of the fund are received from S&P, Moody’s and Fitch and converted to the equivalent S&P major rating category. This breakdown is provided by BlackRock and takes the median rating of the three agencies when all three agencies rate a security, the lower of the two ratings if only two agencies rate a security, and one rating if that is all that is provided. Unrated securities do not necessarily indicate low quality. Below investment-grade is represented by a rating of BB and below. Ratings and portfolio credit quality may change over time.
Allocations are subject to change.

Listings

Listings

Exchange Ticker Currency Listing Date SEDOL Bloomberg Ticker
NYSE Arca BYLD USD 24-Apr-2014 - BYLD

Literature

Literature