Fixed Income

IMBE

iShares US Mortgage Backed Securities UCITS ETF

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.

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.
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Performance

Performance

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Reinvestments

This product does not have any distributions data as of now.
  From
30-Jun-2016
To
30-Jun-2017
From
30-Jun-2017
To
30-Jun-2018
From
30-Jun-2018
To
30-Jun-2019
From
30-Jun-2019
To
30-Jun-2020
From
30-Jun-2020
To
30-Jun-2021
Total Return (%) (IMBE)

as of 30-Jun-21

- - - - -1.62
Total Return (%) Unhedged (IMBS)

as of 30-Jun-21

-0.30 -0.36 6.01 5.30 -0.71
Benchmark (%) Unhedged (IMBS)

as of 30-Jun-21

-0.06 0.15 6.22 5.67 -0.42
  1y 3y 5y 10y Incept.
-1.62 - - - 0.54
-0.71 3.49 1.94 - 2.12
Benchmark (%) Unhedged (IMBS)

as of 30-Jun-21

-0.42 3.78 2.27 - 2.40
  YTD 1m 3m 6m 1y 3y 5y 10y Incept.
-1.55 -0.15 -0.03 -1.55 -1.62 - - - 0.88
-1.12 -0.08 0.16 -1.12 -0.71 10.84 10.11 - 11.31
Benchmark (%) Unhedged (IMBS)

as of 30-Jun-21

-0.77 -0.04 0.33 -0.77 -0.42 11.77 11.87 - 12.86
  2016 2017 2018 2019 2020
Total Return (%) (IMBE) - - - - 2.49
Total Return (%) Unhedged (IMBS) - 2.20 0.58 6.06 3.81
Benchmark (%) Unhedged (IMBS) - 2.47 0.99 6.35 3.87

The figures shown relate to past performance. Past performance is not a reliable indicator of current or future results and should not be the sole factor of consideration when selecting a product or strategy.

Share Class and Benchmark performance displayed in EUR, 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 28-Jul-21 EUR 141,660,658
Net Assets of Fund as of 28-Jul-21 USD 1,455,740,169
Base Currency USD
Share Class Currency EUR
Fund Launch Date 23-May-16
Share Class Launch Date 20-Nov-19
Asset Class Fixed Income
Total Expense Ratio 0.30%
Ongoing Charges Figures 0.30%
Product Structure Physical
Methodology Sampled
Domicile Ireland
UCITS Yes
Benchmark Index Bloomberg Barclays US Mortgage Backed Securities Index
SFDR Classification Other
Distribution Frequency None
Securities Lending Return -
ISA Eligibility Yes
SIPP Available Yes
UK Distributor/Reporting Status No/Seeking
Rebalance Frequency Monthly
ISIN IE00BKP5L409
Valor 50427676
Bloomberg Ticker IMBE NA
Issuing Company iShares IV plc
Fund Manager BlackRock Asset Management Ireland Limited
Administrator State Street Fund Services (Ireland) Limited
Custodian State Street Custodial Services (Ireland) Limited
Use of Income Accumulating

Portfolio Characteristics

Portfolio Characteristics

Shares Outstanding as of 28-Jul-21 27,929,251
Number of Holdings as of 27-Jul-21 341
Benchmark Level as of 28-Jul-21 USD 2,319.49
Benchmark Ticker LUMSTRUU
Distribution Yield as of - -
Weighted Avg Coupon as of 27-Jul-21 3.05
Fiscal Year End 31 May
Effective Duration as of 27-Jul-21 4.23
Weighted Avg Maturity as of 27-Jul-21 4.80
Weighted Average YTM as of 27-Jul-21 1.46%

Sustainability Characteristics

Sustainability Characteristics

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. 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 27-Jul-21 0.00%
MSCI - UN Global Compact Violators as of 27-Jul-21 0.00%
MSCI - Nuclear Weapons as of 27-Jul-21 0.00%
MSCI - Thermal Coal as of 27-Jul-21 0.00%
MSCI - Civilian Firearms as of 27-Jul-21 0.00%
MSCI - Oil Sands as of 27-Jul-21 0.00%
MSCI - Tobacco as of 27-Jul-21 0.00%

Business Involvement Coverage as of 27-Jul-21 6.89%
Percentage of Fund not covered as of 27-Jul-21 93.11%
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.

Registered Locations

Registered Locations

  • Austria

  • Chile

  • Denmark

  • Finland

  • France

  • Germany

  • Ireland

  • Italy

  • Luxembourg

  • Netherlands

  • Norway

  • Spain

  • Sweden

  • Switzerland

  • United Kingdom

Holdings

Holdings

as of 27-Jul-21
Ticker ISIN Name Sector Location Asset Class Nominal Market Value Weight (%) Price Exchange Maturity Coupon (%) Market Currency Duration Notional Value
as of 27-Jul-21
Issuer Weight (%)
FEDERAL NATIONAL MORTGAGE ASSOCIATION 49.78
GOVERNMENT NATIONAL MORTGAGE ASSOCIATION II 23.14
FEDERAL HOME LOAN MORTGAGE CORPORATION 18.07
Issuer Weight (%)
FEDERAL HOME LOAN MORTGAGE CORPORATION -GOLD 4.35
UNIFORM MBS 1.52
GOVERNMENT NATIONAL MORTGAGE ASSOCIATION I 0.75
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.

Exposure Breakdowns

Exposure Breakdowns

as of 27-Jul-21

% of Market Value

Type Fund Benchmark Net
as of 27-Jul-21

% of Market Value

Type Fund Benchmark Net
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. Bonds are included in US bond indices when the securities are denominated in U.S. dollars regardless of the domicile of the issuer. 
as of 27-Jul-21

% of Market Value

Type Fund Benchmark Net
as of 27-Jul-21

% of Market Value

Type Fund Benchmark Net
as of 27-Jul-21

% of Market Value

Type Fund Benchmark Net
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
Euronext Amsterdam IMBE EUR 22-Nov-19 BKTPDP1 IMBE NA IMBE.AS - - IE00BKP5L409 A2PU3R 50427676 - -

Literature

Literature