Fixed Income

IMBA

iShares US Mortgage Backed Securities UCITS 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.

Important Information: Important Information: The value of your investment and the income from it will vary and your initial investment amount cannot be guaranteed. ETFs trade on exchanges like stocks and are bought and sold at market prices which may be different to the net asset values of the ETFs. Two main risks related to fixed income investing are interest rate risk and credit risk. Typically, when interest rates rise, there is a corresponding decline in the market value of bonds. Credit risk refers to the possibility that the issuer of the bond will not be able to repay the principal and make interest payments. The fund invests in fixed interest securities issued by companies. There is a risk of default where the issuing company may not pay income or repay capital to the Fund when due. The currency hedging is designed to reduce, but cannot eliminate the impact of currency movements between the Base Currency and the currencies in which some or all of the underlying investments are transacted. Depending on the exchange rates, this may have a positive or negative impact on the performance of the Fund.

All currency hedged share classes of this fund use derivatives to hedge currency risk. The use of derivatives for a share class could pose a potential risk of contagion (also known as spill-over) to other share classes in the fund. The fund’s management company will ensure appropriate procedures are in place to minimise contagion risk to other share class. Using the drop down box directly below the name of the fund, you can view a list of all share classes in the fund – currency hedged share classes are indicated by the word “Hedged” in the name of the share class. In addition, a full list of all currency hedged share classes is available on request from the fund’s management company
Loading

Performance

Performance

Chart

View full chart

This chart shows the fund's performance as the percentage loss or gain per year over the last 6 years.

  2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Total Return (%) 0.6 6.1 3.8 -1.6 -12.1 4.7
Benchmark (%) 1.0 6.4 3.9 -1.0 -11.8 5.0
  From
30-Jun-2019
To
30-Jun-2020
From
30-Jun-2020
To
30-Jun-2021
From
30-Jun-2021
To
30-Jun-2022
From
30-Jun-2022
To
30-Jun-2023
From
30-Jun-2023
To
30-Jun-2024
Total Return (%)

as of 30-Jun-2024

5.30 -0.71 -9.34 -1.79 1.76
Benchmark (%)

as of 30-Jun-2024

5.67 -0.42 -9.03 -1.52 2.12
  1y 3y 5y 10y Incept.
1.76 -3.23 -1.08 - 0.03
Benchmark (%) 2.12 -2.92 -0.76 - 0.34
  YTD 1m 3m 6m 1y 3y 5y 10y Incept.
-1.08 1.16 0.04 -1.08 1.76 -9.39 -5.27 - 0.22
Benchmark (%) -0.98 1.17 0.07 -0.98 2.12 -8.52 -3.73 - 2.49

The figures shown relate to past performance. Past performance is not a reliable indicator of future performance. Markets could develop very differently in the future. It can help you to assess how the fund has been managed in the past

Share Class and Benchmark performance displayed in USD, hedged share class 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

Key Facts

Key Facts

Net Assets of Share Class
as of 19-Jul-2024
USD 1,463,556,152
Share Class Launch Date
13-Apr-2017
Share Class Currency
USD
Asset Class
Fixed Income
SFDR Classification
Other
Total Expense Ratio
0.28%
Use of Income
Accumulating
Product Structure
Physical
Methodology
Sampled
Issuing Company
iShares IV plc
Administrator
State Street Fund Services (Ireland) Limited
Fiscal Year End
31 May
Net Assets of Fund
as of 19-Jul-2024
USD 2,358,840,331
Fund Launch Date
23-May-2016
Fund Base Currency
USD
Benchmark Index
Bloomberg US Mortgage Backed Securities Index
Shares Outstanding
as of 19-Jul-2024
287,132,718
ISIN
IE00BYXYYN70
Domicile
Ireland
Rebalance Frequency
Monthly
UCITS Compliant
Yes
Fund Manager
BlackRock Asset Management Ireland Limited
Custodian
State Street Custodial Services (Ireland) Limited
Bloomberg Ticker
IMBA LN

Portfolio Characteristics

Portfolio Characteristics

Number of Holdings
as of 18-Jul-2024
487
Benchmark Ticker
LUMSTRUU
3y Beta
as of 30-Jun-2024
0.995
Weighted Avg Coupon
as of 18-Jul-2024
3.08
Effective Duration
as of 18-Jul-2024
5.47
Benchmark Level
as of 19-Jul-2024
USD 2,139.22
Standard Deviation (3y)
as of 30-Jun-2024
8.10%
Weighted Average YTM
as of 18-Jul-2024
5.03
Weighted Avg Maturity
as of 18-Jul-2024
7.66

Sustainability Characteristics

Sustainability Characteristics

To be included in MSCI ESG Fund Ratings, 65% (or 50% for bond funds and money market funds) 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. MSCI Ratings are currently unavailable for this fund.

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 18-Jul-2024
0.00%
MSCI - Nuclear Weapons
as of 18-Jul-2024
0.00%
MSCI - Civilian Firearms
as of 18-Jul-2024
0.00%
MSCI - Tobacco
as of 18-Jul-2024
0.00%
MSCI - UN Global Compact Violators
as of 18-Jul-2024
0.00%
MSCI - Thermal Coal
as of 18-Jul-2024
0.00%
MSCI - Oil Sands
as of 18-Jul-2024
0.00%

Business Involvement Coverage
as of 18-Jul-2024
6.87%
Percentage of Fund not covered
as of 18-Jul-2024
93.13%
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.

Ratings

Registered Locations

Registered Locations

  • Austria

  • Denmark

  • Finland

  • France

  • Germany

  • Ireland

  • Italy

  • Luxembourg

  • Netherlands

  • Norway

  • Portugal

  • Spain

  • Sweden

  • Switzerland

  • United Kingdom

Holdings

Holdings

as of 18-Jul-2024
Issuer Weight (%)
FEDERAL NATIONAL MORTGAGE ASSOCIATION 41.54
FEDERAL HOME LOAN MORTGAGE CORPORATION 27.97
GOVERNMENT NATIONAL MORTGAGE ASSOCIATION II 21.69
Issuer Weight (%)
UNIFORM MBS 4.81
GOVERNMENT NATIONAL MORTGAGE ASSOCIATION I 1.80
FEDERAL HOME LOAN MORTGAGE CORPORATION -GOLD 0.97
Issuer Ticker Name Sector Asset Class Market Value Weight (%) Notional Value Nominal Par Value ISIN Price Location Exchange Duration Maturity Coupon (%) Market Currency Effective Date
Detailed Holdings and Analytics contains detailed portfolio holdings information and select analytics.

Exposure Breakdowns

Exposure Breakdowns

as of 18-Jul-2024

% of Market Value

Type Fund
as of 18-Jul-2024

% of Market Value

Type Fund
as of 18-Jul-2024

% 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
London Stock Exchange IMBA USD 13-Apr-2017 BYXYYN7 IMBA LN IMBA.L
Bolsa De Valores De Colombia IMBA COP 28-Jun-2024 - - -
Bolsa Mexicana De Valores IMBA MXN 04-May-2017 BDVJRZ0 IMBAN MM -
SIX Swiss Exchange IMBA CHF 06-Jun-2017 BF2MYD9 IMBA IMBA.S

Literature

Literature