Fixed Income

BYLD

iShares Yield Optimized Bond ETF

Overview

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

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Distributions

Record Date Ex-Date Total Distribution
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Premium/Discount

  From
30-Sep-2016
To
30-Sep-2017
From
30-Sep-2017
To
30-Sep-2018
From
30-Sep-2018
To
30-Sep-2019
From
30-Sep-2019
To
30-Sep-2020
From
30-Sep-2020
To
30-Sep-2021
Total Return (%)

as of 30-Sep-2021

2.85 -0.32 10.42 3.97 0.46
Benchmark (%)

as of 30-Sep-2021

2.65 -0.54 10.25 4.05 0.26
  1y 3y 5y 10y Incept.
0.46 4.87 3.41 - 3.43
Market Price (%)

as of 30-Sep-2021

0.46 4.85 3.36 - 3.42
Benchmark (%)

as of 30-Sep-2021

0.26 4.77 3.26 - 3.32
After Tax Pre-Liq. (%)

as of 30-Sep-2021

-0.72 3.40 1.94 - 2.01
After Tax Post-Liq. (%)

as of 30-Sep-2021

0.27 3.10 1.96 - 1.99
  YTD 1m 3m 6m 1y 3y 5y 10y Incept.
-1.15 -0.97 0.06 1.88 0.46 15.33 18.23 - 28.58
Market Price (%)

as of 30-Sep-2021

-1.34 -0.81 -0.06 1.92 0.46 15.28 17.99 - 28.47
Benchmark (%)

as of 30-Sep-2021

-1.32 -0.97 -0.03 1.73 0.26 15.01 17.42 - 27.46
After Tax Pre-Liq. (%)

as of 30-Sep-2021

-1.77 -1.04 -0.16 1.40 -0.72 10.56 10.07 - 15.95
After Tax Post-Liq. (%)

as of 30-Sep-2021

-0.68 -0.57 0.04 1.11 0.27 9.61 10.18 - 15.79
  2016 2017 2018 2019 2020
Total Return (%) 5.27 4.92 -1.36 12.62 4.22
Market Price (%) 5.61 4.66 -1.32 12.79 4.22
Benchmark (%) 5.20 4.76 -1.65 12.54 4.30
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 as of 27-Oct-2021 USD 149,154,202
Size of Fund (Millions) USD 149.15
Base Currency U.S. Dollar
Share Class launch date 22-Apr-2014
Asset Class Fixed Income
Domicile United States
Benchmark Index Morningstar U.S. Bond Market Yield-Optimized Index
Premium/Discount as of 27-Oct-2021 -0.03%
30 Day Avg. Volume as of 27-Oct-2021 21,476.00
30 Day Median Bid/Ask Spread as of 27-Oct-2021 0.08

Portfolio Characteristics

Portfolio Characteristics

Shares Outstanding as of 27-Oct-2021 5,950,000
Number of Holdings as of 27-Oct-2021 6
Benchmark Level as of 27-Oct-2021 USD 1,350.34
Total Net Assets as of 27-Oct-2021 USD 149,154,201.76
Benchmark Ticker BMYOT
Distribution Yield as of 26-Oct-2021 1.89
Weighted Avg YTM as of 26-Oct-2021 2.52
Weighted Avg Coupon as of 26-Oct-2021 0.09
Fiscal Year End 31-Oct-2020
Effective Duration as of 26-Oct-2021 5.77
Weighted Avg Maturity as of 26-Oct-2021 6.95

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 07-Oct-2021 BBB
MSCI ESG Quality Score (0-10) as of 07-Oct-2021 5.39
MSCI ESG Quality Score - Peer Percentile as of 07-Oct-2021 31.42
MSCI ESG % Coverage as of 07-Oct-2021 70.92
Fund Lipper Global Classification as of 07-Oct-2021 Bond USD
MSCI Weighted Average Carbon Intensity (Tons CO2E/$M SALES) as of 07-Oct-2021 304.36
Funds in Peer Group as of 07-Oct-2021 226
All data is from MSCI ESG Fund Ratings as of 07-Oct-2021, based on holdings as of 31-Aug-2021. 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 26-Oct-2021 0.10%
MSCI - UN Global Compact Violators as of 26-Oct-2021 0.69%
MSCI - Nuclear Weapons as of 26-Oct-2021 0.07%
MSCI - Thermal Coal as of 26-Oct-2021 0.03%
MSCI - Civilian Firearms as of 26-Oct-2021 0.06%
MSCI - Oil Sands as of 26-Oct-2021 0.06%
MSCI - Tobacco as of 26-Oct-2021 0.11%

Business Involvement Coverage as of 26-Oct-2021 22.36%
Percentage of Fund not covered as of 26-Oct-2021 77.64%
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 0.08% and for Oil Sands 0.42%.

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.

Registered Locations

Registered Locations

  • United States

Holdings

Holdings

as of 27-Oct-2021
Ticker ISIN Name Sector Location Asset Class Nominal Market Value Weight (%) Price Exchange Maturity Coupon (%) Market Currency Duration Notional Value
as of 26-Oct-2021
Issuer Weight (%)
UNITED STATES TREASURY 29.57
FEDERAL NATIONAL MORTGAGE ASSOCIATION 12.13
FEDERAL HOME LOAN MORTGAGE CORPORATION 6.38
GOVERNMENT NATIONAL MORTGAGE ASSOCIATION II 5.60
UNIFORM MBS 3.72
Issuer Weight (%)
FEDERAL HOME LOAN MORTGAGE CORPORATION -GOLD 1.21
CCO HOLDINGS LLC 0.41
FORD MOTOR CREDIT COMPANY LLC 0.41
SAUDI ARABIA (KINGDOM OF) 0.39
TURKEY (REPUBLIC OF) 0.37
Issuer Ticker Name Asset Class Weight (%) Price Nominal Market Value Notional Value Sector ISIN Coupon (%) Maturity Exchange Location Market Currency Duration
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”). 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 26-Oct-2021

% of Market Value

Type Fund
Geographic exposure relates principally to the domicile of the issuers of the securities held in the product, added together and then expressed as a percentage of the product’s total holdings. However, in some instances it can reflect the location where the issuer of the securities carries out much of their business.
as of 26-Oct-2021

% of Market Value

Type Fund
as of 26-Oct-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 26-Oct-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.

Listings

Exchange Ticker Currency Listing Date SEDOL Bloomberg Ticker RIC Bloomberg INAV Reuters INAV ISIN WKN Valor Common Code (EOC) ISIN of INAV
NYSE Arca BYLD USD 24-Apr-2014 - BYLD - - - US46434V7872 - 24302302 - -

Literature

Literature