Fixed Income

EMBH

iShares Interest Rate Hedged Emerging Markets Bond ETF ACTIVE

Overview

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Performance

Performance

Growth of Hypothetical 10,000

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Distributions

Ex-Date Total Distribution Income
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Premium/Discount

  1Y 3Y 5Y 10y Incept.
-1.00 -0.17 4.49 - 2.96
2.38 4.32 6.42 5.57 6.00
Market Price (%) (EMBH) -1.00 -0.17 4.47 - 2.94
Market Price (%) Underlying Fund (EMB) 2.27 4.39 6.36 5.53 5.99
Benchmark (%) (EMBH) -1.69 -0.22 4.86 - 3.20
Benchmark (%) Underlying Fund (EMB) 2.68 4.76 6.93 6.21 6.68
After Tax Pre-Liq. (%) (EMBH) -2.22 -1.79 2.81 - 1.31
After Tax Pre-Liq. (%) Underlying Fund (EMB) 0.68 2.33 4.34 3.57 3.99
After Tax Post-Liq. (%) (EMBH) -0.64 -0.81 2.72 - 1.53
After Tax Post-Liq. (%) Underlying Fund (EMB) 1.35 2.41 4.00 3.42 3.80
  YTD 1m 3M 6M 1Y 3Y 5Y 10y Incept.
-0.17 -0.17 6.21 7.49 -1.00 -0.50 24.55 - 17.53
-1.40 -1.40 4.54 2.95 2.38 13.54 36.47 71.94 114.74
Market Price (%) (EMBH) -0.38 -0.38 6.08 7.27 -1.00 -0.50 24.46 - 17.39
Market Price (%) Underlying Fund (EMB) -1.78 -1.78 4.57 2.65 2.27 13.75 36.12 71.29 114.57
Benchmark (%) (EMBH) 0.27 0.27 6.51 7.70 -1.69 -0.65 26.77 - 19.01
Benchmark (%) Underlying Fund (EMB) -1.36 -1.36 4.67 2.98 2.68 14.98 39.78 82.74 133.72
After Tax Pre-Liq. (%) (EMBH) -0.17 -0.17 5.87 6.90 -2.22 -5.27 14.84 - 7.46
After Tax Pre-Liq. (%) Underlying Fund (EMB) -1.40 -1.40 4.09 2.13 0.68 7.14 23.65 42.05 67.02
After Tax Post-Liq. (%) (EMBH) -0.10 -0.10 3.67 4.42 -0.64 -2.42 14.34 - 8.79
After Tax Post-Liq. (%) Underlying Fund (EMB) -0.83 -0.83 2.68 1.74 1.35 7.42 21.67 39.96 63.11
  2016 2017 2018 2019 2020
Total Return (%) (EMBH) 9.37 9.37 -3.77 8.20 -2.68
Total Return (%) Underlying Fund (EMB) 9.41 9.98 -5.67 15.57 5.48
Market Price (%) (EMBH) 9.72 9.07 -3.89 8.47 -2.71
Market Price (%) Underlying Fund (EMB) 9.27 10.26 -5.45 15.43 5.44
Benchmark (%) (EMBH) 9.91 10.08 -3.61 9.11 -3.57
Benchmark (%) Underlying Fund (EMB) 10.17 10.46 -5.17 16.09 5.77
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.

 

Effective January 14, 2021, all iShares fixed income ETFs will migrate from using 3pm ET security prices to 4pm ET security prices in the NAV calculation. This change does not affect the investment strategies or liquidity of iShares ETFs, but may result in temporary tracking error as the index is currently using 3pm security prices.

Key Facts

Key Facts

Net Assets as of Feb 26, 2021 USD 5,914,281
Inception Date Jul 22, 2015
Exchange NYSE Arca
Asset Class Fixed Income
Benchmark Index JPM Swaps-Hedged EMBIG Core Index
Bloomberg Index Ticker JPEISHCR
Shares Outstanding as of Feb 26, 2021 250,000
Number of Holdings as of Feb 26, 2021 1
Premium/Discount as of Feb 26, 2021 -0.58%
CUSIP 46431W820
Closing Market Price as of Feb 26, 2021 23.58
Mid-Point Market Price as of Feb 26, 2021 23.52
Options Available No
Premium/Discount as of Feb 26, 2021 -0.33
30 Day Avg. Volume as of Feb 26, 2021 963.00
30 Day Median Bid/Ask Spread as of Feb 26, 2021 0.38
Volume - 1d as of Feb 26, 2021 988.00

Portfolio Characteristics

Portfolio Characteristics

EMBH EMB
EMBH EMB
Equity Beta (3y) as of Jan 31, 2021 0.53 0.42
Standard Deviation (3y) as of Jan 31, 2021 12.99% 11.37%
12m Trailing Yield as of Feb 25, 2021 2.77% 4.04%
30 Day SEC Yield as of Feb 25, 2021 3.65% 3.69%
Unsubsidized 30-Day SEC Yield as of Feb 25, 2021 2.99% 3.69%
as of Feb 25, 2021 -0.23 8.51
Effective Duration as of Feb 25, 2021 -0.28 yrs 8.46 yrs
Weighted Avg Maturity as of Feb 25, 2021 13.55 yrs 13.72 yrs
Convexity as of Feb 25, 2021 -0.40 0.89
Option Adjusted Spread as of Feb 25, 2021 261 282
Average Yield to Maturity as of Feb 25, 2021 2.99% 4.24%

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 BB
MSCI ESG Quality Score (0-10) as of Feb 5, 2021 3.19
MSCI ESG Quality Score - Peer Percentile as of Feb 5, 2021 56.61
MSCI ESG % Coverage as of Feb 5, 2021 91.54
Fund Lipper Global Classification as of Feb 5, 2021 Bond Emerging Markets Global HC
MSCI Weighted Average Carbon Intensity (Tons CO2E/$M SALES) as of Feb 5, 2021 1,380.39
Funds in Peer Group as of Feb 5, 2021 401
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 Feb 25, 2021 0.00%
MSCI - UN Global Compact Violators as of Feb 25, 2021 2.85%
MSCI - Nuclear Weapons as of Feb 25, 2021 0.00%
MSCI - Thermal Coal as of Feb 25, 2021 0.19%
MSCI - Civilian Firearms as of Feb 25, 2021 0.00%
MSCI - Oil Sands as of Feb 25, 2021 0.00%
MSCI - Tobacco as of Feb 25, 2021 0.00%

Business Involvement Coverage as of Feb 25, 2021 11.34%
Percentage of Fund not covered as of Feb 25, 2021 88.66%
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 0.19% and for Oil Sands 1.03%.

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 0.75
Acquired Fund Fees and Expenses 0.38
Foreign Taxes and Other Expenses 0.00
Expense Ratio 1.13
Fee Waivers 0.65
Net Expense Ratio 0.48

Holdings

Holdings

as of Feb 26, 2021
Ticker ISIN Name Asset Class SEDOL Market Value Weight (%) Price Maturity Coupon (%) Duration Notional Value YTM (%) Yield to Call (%) Yield to Worst (%) Par Value
Issuer Ticker Name Asset Class Weight (%) Price Market Value Notional Value 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.

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.”

Exposure Breakdowns

Exposure Breakdowns

as of Feb 25, 2021

% of Market Value

Type Fund
as of Feb 25, 2021

% 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 Feb 25, 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