Fixed Income

NEAR

BlackRock Short Maturity Bond ETF ACTIVE

Overview

Loading
Learn more about NEAR
Explore how NEAR can potentially help you reduce interest rate risk, generate income and diversify a traditional bond portfolio.
Learn more about this fund:

Performance

Performance

Growth of Hypothetical 10,000

Performance chart data not available for display.
View full chart

Distributions

Ex-Date Total Distribution Income
View full table

Premium/Discount

  1Y 3Y 5Y 10y Incept.
1.43 2.20 1.91 - 1.56
Market Price (%) 1.39 2.21 1.89 - 1.56
After Tax Pre-Liq. (%) 0.80 1.30 1.15 - 0.92
After Tax Post-Liq. (%) 0.84 1.30 1.13 - 0.91
  YTD 1m 3M 6M 1Y 3Y 5Y 10y Incept.
1.43 0.13 0.41 1.02 1.43 6.75 9.94 - 11.90
Market Price (%) 1.39 0.15 0.45 1.00 1.39 6.79 9.83 - 11.89
After Tax Pre-Liq. (%) 0.80 0.06 0.28 0.75 0.80 3.97 5.88 - 6.91
After Tax Post-Liq. (%) 0.84 0.08 0.24 0.60 0.84 3.95 5.78 - 6.82
  2016 2017 2018 2019 2020
Total Return (%) 1.42 1.55 1.71 3.47 1.43
Market Price (%) 1.42 1.41 1.75 3.51 1.39
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 Mar 5, 2021 USD 4,628,611,058
Inception Date Sep 25, 2013
Exchange Cboe BZX formerly known as BATS
Asset Class Fixed Income
Benchmark Index N/A
Shares Outstanding as of Mar 5, 2021 92,250,000
Number of Holdings as of Mar 5, 2021 279
Premium/Discount as of Mar 5, 2021 0.03%
CUSIP 46431W507
Closing Market Price as of Mar 5, 2021 50.18
Mid-Point Market Price as of Mar 5, 2021 50.19
Options Available No
Premium/Discount as of Mar 5, 2021 0.01
30 Day Avg. Volume as of Mar 5, 2021 614,139.00
30 Day Median Bid/Ask Spread as of Mar 5, 2021 0.02
Volume - 1d as of Mar 5, 2021 565,462.00

Portfolio Characteristics

Portfolio Characteristics

Equity Beta (3y) as of Jan 31, 2021 0.08
Standard Deviation (3y) as of Jan 31, 2021 2.51%
12m Trailing Yield as of Mar 4, 2021 1.30%
30 Day SEC Yield as of Mar 4, 2021 0.38%
Unsubsidized 30-Day SEC Yield as of Mar 4, 2021 0.38%
Weighted Avg Coupon as of Mar 4, 2021 1.95%
Effective Duration as of Mar 4, 2021 0.73 yrs
Weighted Avg Maturity as of Mar 4, 2021 1.32 yrs
Convexity as of Mar 4, 2021 -0.02
Option Adjusted Spread as of Mar 4, 2021 52
Average Yield to Maturity as of Mar 4, 2021 0.63%

Sustainability Characteristics

Sustainability Characteristics

Sustainability Characteristics can help investors integrate non-financial, sustainability considerations into their investment process. These metrics enable investors to evaluate funds based on their environmental, social, and governance (ESG) risks and opportunities. This analysis can provide insight into the effective management and long-term financial prospects of a fund.


The metrics below have been provided for transparency and informational purposes only. The existence of an ESG rating is not indicative of how or whether ESG factors will be integrated into a fund. The metrics are based on MSCI ESG Fund Ratings 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, and there is no indication that an ESG or Impact focused investment strategy or exclusionary screens will be adopted by a fund. For more information regarding a fund's investment strategy, please see the fund's prospectus.


Review the MSCI methodology behind Sustainability Characteristics, using links below.

MSCI ESG Fund Rating (AAA-CCC) as of Feb 5, 2021 BBB
MSCI ESG Quality Score (0-10) as of Feb 5, 2021 5.58
MSCI ESG Quality Score - Peer Percentile as of Feb 5, 2021 14.18
MSCI ESG % Coverage as of Feb 5, 2021 72.74
Fund Lipper Global Classification as of Feb 5, 2021 Bond USD Short Term
MSCI Weighted Average Carbon Intensity (Tons CO2E/$M SALES) as of Feb 5, 2021 88.45
Funds in Peer Group as of Feb 5, 2021 134
All data is from MSCI ESG Fund Ratings as of Feb 5, 2021, based on holdings as of Dec 31, 2020. As such, the fund’s sustainable characteristics may differ from MSCI ESG Fund Ratings from time to time.

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.

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, and there is no indication that an ESG or Impact focused investment strategy or exclusionary screens will be adopted by a fund. 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 Mar 4, 2021 0.36%
MSCI - UN Global Compact Violators as of Mar 4, 2021 4.76%
MSCI - Nuclear Weapons as of Mar 4, 2021 0.36%
MSCI - Thermal Coal as of Mar 4, 2021 0.00%
MSCI - Civilian Firearms as of Mar 4, 2021 0.00%
MSCI - Oil Sands as of Mar 4, 2021 0.12%
MSCI - Tobacco as of Mar 4, 2021 1.08%

Business Involvement Coverage as of Mar 4, 2021 71.19%
Percentage of Fund not covered as of Mar 4, 2021 28.81%
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 0.00% and for Oil Sands 0.12%.

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.

ESG Integration

ESG Integration

ESG integration is the practice of incorporating material environmental, social and governance (ESG) information or insights alongside traditional measures into the investment decision process to improve long term financial outcomes of portfolios. Unless otherwise stated in Fund documentation or included within the Fund’s investment objective, inclusion of this statement does not imply that the Fund has an ESG-aligned investment objective, but rather describes how ESG information is considered as part of the overall investment process.


The Fund manager includes ESG considerations in combination with other information in the research and due diligence phase of the investment process. ESG information may be sourced internally, via collaboration with the BlackRock Investment Stewardship team in engaging issuers on material environmental, social or governance topics, or from third-party providers. The Fund manager’s ongoing monitoring of the portfolio involves regular portfolio risk reviews with the Risk and Quantitative Analysis group. These reviews include discussion of the portfolio’s exposure to material ESG risks, as well as exposure to sustainability-related business involvements, climate-related metrics, and other factors.

Fees

Fees

as of current prospectus
Management Fee 0.25
Acquired Fund Fees and Expenses 0.01
Foreign Taxes and Other Expenses 0.00
Expense Ratio 0.26
Fee Waivers 0.01
Net Expense Ratio 0.25

Holdings

Holdings

as of Mar 4, 2021
Issuer Weight (%)
BANK OF AMERICA CORP 2.41
ABBVIE INC 2.36
GENERAL MOTORS FINANCIAL CO INC 2.06
MORGAN STANLEY 1.99
VOLKSWAGEN GROUP OF AMERICA FINANCE LLC 1.94
Issuer Weight (%)
GOLDMAN SACHS GROUP INC/THE 1.93
CITIGROUP INC 1.86
DAIMLER FINANCE NORTH AMERICA LLC 1.84
CHARTER COMMUNICATIONS OPERATING LLC 1.71
CVS HEALTH CORP 1.55
as of Mar 5, 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
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

as of Mar 4, 2021

% of Market Value

Type Fund
as of Mar 4, 2021

% of Market Value

Type Fund
Maturity is provided in days. Maturity exposure is calculated by aggregating the percent par of holdings of individual securities in the portfolio by the legal final maturity date, or for securities that have a demand feature, the date in which the demand feature is exercised and proceeds received. The values reported include cash, accrued income, and/or payables/receivables which may result in negative weightings may result from specific circumstances (including timing differences between trade and settle dates of securities purchased by the funds).
as of Mar 4, 2021

% 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.

Literature

Literature