Fixed Income

NEAR

BlackRock Short Maturity Bond ETF ACTIVE

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.
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Performance

Performance

Growth of Hypothetical 10,000

Performance chart data not available for display.
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Distributions

Record Date Ex-Date Payable Date
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  From
31-Dec-2017
To
31-Dec-2018
From
31-Dec-2018
To
31-Dec-2019
From
31-Dec-2019
To
31-Dec-2020
From
31-Dec-2020
To
31-Dec-2021
From
31-Dec-2021
To
31-Dec-2022
Total Return (%)

as of Dec 31, 2022

1.71 3.47 1.43 0.34 0.36
  1Y 3Y 5Y 10y Incept.
0.36 0.71 1.46 - 1.30
  YTD 1m 3M 6M 1Y 3Y 5Y 10y Incept.
0.36 0.51 1.08 1.44 0.36 2.14 7.49 - 12.68
  2018 2019 2020 2021 2022
Total Return (%) 1.71 3.47 1.43 0.34 0.36
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 of Fund as of Jan 27, 2023 USD 4,106,953,640
Fund Inception Date Sep 25, 2013
Exchange Cboe BZX formerly known as BATS
Base Currency USD
Asset Class Fixed Income
Distribution Frequency Monthly
Use of Income Distributing
Domicile United States
CUSIP 46431W507
ISIN US46431W5076
Closing Price US 49.56
Volume - Exchange US -
30 Day Avg. Volume US 788,211.00
Volume - 1d US as of Jan 27, 2023 1,023,038.00

Portfolio Characteristics

Portfolio Characteristics

Number of Holdings as of Jan 27, 2023 362
Equity Beta (3y) as of Dec 31, 2022 0.07
12m Trailing Yield as of Jan 26, 2023 1.77%
Standard Deviation (3y) as of Dec 31, 2022 2.56%
Average Yield to Maturity as of Jan 27, 2023 5.37%
Weighted Avg Coupon as of Jan 27, 2023 3.57
Weighted Avg Maturity as of Jan 27, 2023 1.14 yrs
Effective Duration as of Jan 27, 2023 0.44 yrs
Convexity as of Jan 27, 2023 -0.03
Option Adjusted Spread as of Jan 27, 2023 85

Sustainability Characteristics

Sustainability Characteristics

Sustainability Characteristics provide investors with specific non-traditional metrics. Alongside other metrics and information, these enable investors to evaluate funds on certain environmental, social and governance characteristics. Sustainability Characteristics do not provide an indication of current or future performance nor do they represent the potential risk and reward profile of a fund. They are provided for transparency and for information purposes only. Sustainability Characteristics should not be considered solely or in isolation, but instead are one type of information that investors may wish to consider when assessing a fund.


This fund does not seek to follow a sustainable, impact or ESG investment strategy. The metrics do not change the fund’s investment objective or constrain the fund’s investable universe, and there is no indication that a sustainable, impact or ESG investment strategy will be adopted by the fund. For more information regarding the fund's investment strategy, please see the fund's prospectus.


Review the MSCI methodologies behind Sustainability Characteristics using the links below.

MSCI ESG Fund Rating (AAA-CCC) as of Nov 21, 2022 AA
MSCI ESG % Coverage as of Nov 21, 2022 71.87
MSCI ESG Quality Score (0-10) as of Nov 21, 2022 7.74
MSCI ESG Quality Score - Peer Percentile as of Nov 21, 2022 48.65
Fund Lipper Global Classification as of Nov 21, 2022 Bond USD Short Term
Funds in Peer Group as of Nov 21, 2022 148
MSCI Weighted Average Carbon Intensity (Tons CO2E/$M SALES) as of Nov 21, 2022 94.64
MSCI Weighted Average Carbon Intensity % Coverage as of Nov 21, 2022 65.65
All data is from MSCI ESG Fund Ratings as of Nov 21, 2022, based on holdings as of Oct 31, 2022. 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 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. 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. 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 Jan 27, 2023 0.00%
MSCI - UN Global Compact Violators as of Jan 27, 2023 1.31%
MSCI - Nuclear Weapons as of Jan 27, 2023 0.00%
MSCI - Thermal Coal as of Jan 27, 2023 0.00%
MSCI - Civilian Firearms as of Jan 27, 2023 0.00%
MSCI - Oil Sands as of Jan 27, 2023 0.00%
MSCI - Tobacco as of Jan 27, 2023 0.00%

Business Involvement Coverage as of Jan 27, 2023 66.49%
Percentage of Fund not covered as of Jan 27, 2023 33.51%
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 0.00%.

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.

Ratings

Fees

Fees

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

Holdings

Holdings

as of Jan 27, 2023
Issuer Weight (%)
UNITED STATES TREASURY 4.94
MORGAN STANLEY 2.80
JPMORGAN CHASE & CO 2.23
7-ELEVEN INC 1.67
AMERICAN EXPRESS COMPANY 1.57
Issuer Weight (%)
GOLDMAN SACHS GROUP INC/THE 1.56
BANK OF AMERICA CORP 1.44
NEXTERA ENERGY CAPITAL HOLDINGS INC 1.43
BAYER US FINANCE II LLC 1.40
VOLKSWAGEN GROUP OF AMERICA FINANCE LLC 1.31
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
Holdings are subject to change

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”). 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 Jan 27, 2023

% of Market Value

Type Fund
as of Jan 27, 2023

% 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 Jan 27, 2023

% 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 RIC Bloomberg INAV Reuters INAV ISIN WKN Valoren Common Code (EOC) ISIN of INAV
Cboe BZX formerly known as BATS NEAR USD Sep 26, 2013 - NEAR - - - US46431W5076 - 22436773 - -
Santiago Stock Exchange NEAR USD Nov 15, 2021 BP4C084 - - - - US46431W5076 - - - -

Portfolio Managers

Portfolio Managers

Akiva Dickstein
Managing Director, Head of Customized Multi-Sector Portfolios, Co-Head of Global Inflation Linked Portfolios

  

Scott MacLellan
Managing Director, Global Fixed Income Group

 

James Mauro
James Mauro
Scott Radell
Managing Director, Head of San Francisco Core Portfolio

Scott Radell, Managing Director

Literature

Literature