Fixed Income

MBB

iShares MBS ETF

  • NAV as of Feb 26, 2021 USD 109.26
    52 WK: 107.39 - 111.17
  • 1 Day NAV Change as of Feb 26, 2021 0.36 (0.33%)
  • NAV Total Return as of Feb 26, 2021 YTD: -0.61%
  • Fees as stated in the prospectus Expense Ratio: 0.07%
    Net Expense Ratio: 0.06%

Overview

Why MBB?

1. Exposure to broad range of U.S. mortgage-backed bonds, including those issued by government sponsored enterprises such as Ginnie Mae, Fannie Mae, and Freddie Mac

 

2. Access to the domestic mortgage-backed bond market in a single fund

 

3. Use to seek income

Investment Objective

The iShares MBS ETF (MBB) seeks to track the investment results of an index composed of investment-grade mortgage-backed pass-through securities issued and/or guaranteed by U.S. government agencies.
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Performance

Performance

Growth of Hypothetical 10,000

Performance chart data not available for display.
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The Hypothetical Growth of $10,000 chart reflects a hypothetical $10,000 investment and assumes reinvestment of dividends and capital gains. Fund expenses, including management fees and other expenses were deducted.

The figures shown relate to past performance. Past performance is not a reliable indicator of future results and should not be the sole factor of consideration when selecting a product or strategy.

Share Class and Benchmark performance displayed in USD, hedged fund benchmark performance is displayed in USD.

Performance is shown on a Net Asset Value (NAV) basis, with gross income reinvested where applicable. Performance data is based on the net asset value (NAV) of the ETF which may not be the same as the market price of the ETF. Individual shareholders may realize returns that are different to the NAV performance.

The return of your investment may increase or decrease as a result of currency fluctuations if your investment is made in a currency other than that used in the past performance calculation. Source: BlackRock

Distributions

Ex-Date Total Distribution Income
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Distributions Schedule
Record Date Ex-Date Payable Date Total Distribution Income ST Cap Gains LT Cap Gains Return on Capital

Premium/Discount

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  1Y 3Y 5Y 10y Incept.
Total Return (%) 4.03 3.68 2.93 2.81 3.67
Market Price (%) 4.04 3.67 2.94 2.80 3.67
Benchmark (%) 3.87 3.71 3.05 3.01 3.96
After Tax Pre-Liq. (%) 3.14 2.63 1.89 1.85 2.51
After Tax Post-Liq. (%) 2.38 2.36 1.79 1.75 2.38
  YTD 1m 3M 6M 1Y 3Y 5Y 10y Incept.
Total Return (%) 4.03 0.17 0.27 0.49 4.03 11.45 15.56 31.92 64.55
Market Price (%) 4.04 0.16 0.28 0.48 4.04 11.42 15.61 31.75 64.53
Benchmark (%) 3.87 0.22 0.24 0.36 3.87 11.56 16.24 34.48 70.85
After Tax Pre-Liq. (%) 3.14 0.10 0.05 0.06 3.14 8.09 9.83 20.07 40.76
After Tax Post-Liq. (%) 2.38 0.10 0.16 0.29 2.38 7.25 9.25 18.90 38.29
  2016 2017 2018 2019 2020
Total Return (%) 1.28 2.37 0.81 6.27 4.03
Market Price (%) 1.23 2.51 0.80 6.24 4.04
Benchmark (%) 1.67 2.47 0.99 6.35 3.87
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.

Key Facts

Key Facts

Net Assets as of Feb 26, 2021 USD 26,462,533,447
Inception Date Mar 13, 2007
Exchange NASDAQ
Asset Class Fixed Income
Benchmark Index Bloomberg Barclays US Mortgage Backed Securities Index
Bloomberg Index Ticker LUMSTRUU
Shares Outstanding as of Feb 26, 2021 242,200,000
Number of Holdings as of Feb 26, 2021 9436
Premium/Discount as of Feb 26, 2021 -0.01%
CUSIP 464288588
Closing Market Price as of Feb 26, 2021 109.15
Mid-Point Market Price as of Feb 26, 2021 109.25
Options Available Yes
Premium/Discount as of Feb 26, 2021 -0.10
30 Day Avg. Volume as of Feb 26, 2021 1,562,918.00
30 Day Median Bid/Ask Spread as of Feb 26, 2021 0.01
Volume - 1d as of Feb 26, 2021 2,702,720.00

Portfolio Characteristics

Portfolio Characteristics

Equity Beta (3y) as of Jan 31, 2021 -0.02
Standard Deviation (3y) as of Jan 31, 2021 2.03%
12m Trailing Yield as of Feb 26, 2021 2.06%
30 Day SEC Yield as of Feb 26, 2021 1.26%
Unsubsidized 30-Day SEC Yield as of Feb 26, 2021 1.25%
Weighted Avg Coupon as of Feb 26, 2021 3.78%
Effective Duration as of Feb 26, 2021 3.70 yrs
Weighted Avg Maturity as of Feb 26, 2021 4.44 yrs
Convexity as of Feb 26, 2021 -1.70
Option Adjusted Spread as of Feb 26, 2021 6
Average Yield to Maturity as of Feb 26, 2021 1.45%

Sustainability Characteristics

Sustainability Characteristics

To be included in MSCI ESG Fund Ratings, 65% of the fund’s gross weight must come from securities covered 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. For newly launched funds, sustainability characteristics are typically available 6 months after launch. MSCI Ratings are currently unavailable for this fund.

Fees

Fees

as of current prospectus
Management Fee 0.06
Acquired Fund Fees and Expenses 0.01
Foreign Taxes and Other Expenses 0.00
Expense Ratio 0.07
Fee Waivers 0.01
Net Expense Ratio 0.06
on Dec 31, 2019
Management Fee 0.06
Acquired Fund Fees and Expenses 0.01
Foreign Taxes and Other Expenses 0.00
Expense Ratio 0.07
Fee Waivers 0.01
Net Expense Ratio 0.06

Holdings

Holdings

as of Feb 26, 2021
Issuer Weight (%)
FEDERAL NATIONAL MORTGAGE ASSOCIATION 41.12
GOVERNMENT NATIONAL MORTGAGE ASSOCIATION II 21.84
FEDERAL HOME LOAN MORTGAGE CORPORATION 17.68
Issuer Weight (%)
UNIFORM MBS 11.86
FEDERAL HOME LOAN MORTGAGE CORPORATION -GOLD 5.60
GOVERNMENT NATIONAL MORTGAGE ASSOCIATION I 1.28
as of Feb 26, 2021
ISIN Name Sector SEDOL Market Value Weight (%) Price Maturity Coupon (%) Duration Notional Value YTM (%) Yield to Call (%) Yield to Worst (%) Par Value
Name Asset Class Weight (%) Price Market Value Notional Value Sector SEDOL ISIN Coupon (%) Maturity YTM (%) Yield to Call (%) Yield to Worst (%) Duration Par Value
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Holdings are subject to change

Non-U.S. securities whose values are affected by volatility that occurs in global markets or in related or highly correlated assets (e.g., American Depositary Receipts, Global Depositary Receipts or substantially identical ETFs) on a trading day after the close of non-U.S. securities markets may be fair valued. On days where non-U.S. securities markets are closed, BlackRock Fund Advisors, an affiliate of BlackRock Investments, LLC, will determine the fair value of the stocks traded on that local market, in accordance with policies and procedures approved by the Fund’s Board of Directors/Trustees. Fair value adjustments may be calculated by referring to instruments and markets that have continued to trade, such as exchange-traded funds, correlated stock market indices or index futures. 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