Fixed Income

NEAR

BlackRock Short Maturity Bond ETF ACTIVE

Overview

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Performance

Performance

Growth of Hypothetical $10,000

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Distributions

Record Date Ex-Date Payable Date
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Premium/Discount

  1y 3y 5y 10y Incept.
0.90 1.86 1.78 - 1.47
Market Price (%) 0.94 1.84 1.78 - 1.47
After Tax Pre-Liq. (%) 0.54 1.09 1.03 - 0.87
After Tax Post-Liq. (%) 0.53 1.10 1.04 - 0.86
  YTD 1m 3m 6m 1y 3y 5y 10y Incept.
0.49 0.02 0.10 0.30 0.90 5.70 9.22 - 12.44
Market Price (%) 0.49 0.04 0.14 0.28 0.94 5.64 9.22 - 12.44
After Tax Pre-Liq. (%) 0.26 -0.01 0.03 0.15 0.54 3.32 5.27 - 7.19
After Tax Post-Liq. (%) 0.29 0.01 0.06 0.18 0.53 3.33 5.29 - 7.12
  2016 2017 2018 2019 2020
Total Return (%) 1.42 1.55 1.71 3.47 1.43
Market Price (%) 1.42 1.41 1.75 3.51 1.39
  Sep 30, 2016Sep 30, 2017 Sep 30, 2017Sep 30, 2018 Sep 30, 2018Sep 30, 2019 Sep 30, 2019Sep 30, 2020 Sep 30, 2020Sep 30, 2021
Total Return (%)

as of Sep 30, 2021

1.51 1.79 3.08 1.62 0.90
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 Dec 06, 2021 $4,750,933,138
Fund Launch Date Sep 25, 2013
Exchange Cboe BZX formerly known as BATS
Asset Class Fixed Income
Shares Outstanding as of Dec 06, 2021 95,100,000
Distribution Frequency Monthly
Premium/Discount as of Dec 06, 2021 -0.03%
CUSIP 46431W507
Closing Price as of Dec 06, 2021 49.94
30 Day Avg. Volume as of Dec 06, 2021 492,313.00
30 Day Median Bid/Ask Spread as of Dec 06, 2021 0.02%
Daily Volume as of Dec 06, 2021 564,438.00

Portfolio Characteristics

Portfolio Characteristics

Number of Holdings as of Dec 06, 2021 357
Equity Beta (3y) as of Oct 31, 2021 0.08
30 Day SEC Yield as of Dec 03, 2021 0.44%
Average Yield to Maturity as of Dec 03, 2021 0.76%
Standard Deviation (3y) as of Oct 31, 2021 2.52%
12m Trailing Yield as of Dec 03, 2021 0.81%
Unsubsidized 30-Day SEC Yield as of Dec 03, 2021 0.44%
Weighted Avg Coupon as of Dec 03, 2021 1.63%
Weighted Avg Maturity as of Dec 03, 2021 1.31 yrs
Effective Duration as of Dec 03, 2021 0.55 yrs
Convexity as of Dec 03, 2021 0.01
Option Adjusted Spread as of Dec 03, 2021 58.09
This information must be preceded or accompanied by a current prospectus. For standardized performance, please see the Performance section above.

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. Learn more.


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 Nov 05, 2021 AA
MSCI ESG % Coverage as of Nov 05, 2021 74.15%
MSCI ESG Quality Score (0-10) as of Nov 05, 2021 7.2
MSCI ESG Quality Score - Peer Percentile as of Nov 05, 2021 51.45%
Fund Lipper Global Classification as of Nov 05, 2021 Bond USD Short Term
Funds in Peer Group as of Nov 05, 2021 138
MSCI Weighted Average Carbon Intensity (Tons CO2E/$M SALES) as of Nov 05, 2021 158.55
All data is from MSCI ESG Fund Ratings as of Nov 05, 2021, based on holdings as of Sep 30, 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 Dec 03, 2021 0.19%
MSCI - UN Global Compact Violators as of Dec 03, 2021 1.52%
MSCI - Nuclear Weapons as of Dec 03, 2021 0.19%
MSCI - Thermal Coal as of Dec 03, 2021 0.00%
MSCI - Civilian Firearms as of Dec 03, 2021 0.00%
MSCI - Oil Sands as of Dec 03, 2021 0.00%
MSCI - Tobacco as of Dec 03, 2021 0.27%

Business Involvement Coverage as of Dec 03, 2021 69.25%
Percentage of Fund not covered as of Dec 03, 2021 30.75%
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.

Fees

Fees

as of current prospectus
Management Fee 0.25%
Acquired Fund Fees and Expenses 0.01%
Foreign Taxes and Other Expenses 0.00%
Expense Ratio 0.26%
Fee Waivers 0.01%
Net Expense Ratio 0.25%

Ratings

Holdings

Holdings

as of Dec 03, 2021
Issuer Weight (%)
BANK OF AMERICA CORP 2.72
ABBVIE INC 2.28
GOLDMAN SACHS GROUP INC/THE 2.26
NEXTERA ENERGY CAPITAL HOLDINGS INC 2.05
VOLKSWAGEN GROUP OF AMERICA FINANCE LLC 2.02
Issuer Weight (%)
CHARTER COMMUNICATIONS OPERATING LLC 2.01
MORGAN STANLEY 1.48
BARCLAYS PLC 1.30
JPMORGAN CHASE & CO 1.28
FORDF_19-3-A2 1.25
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 Dec 03, 2021

% of Market Value

Type Fund
as of Dec 03, 2021

% 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 Dec 03, 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.

Portfolio Managers

Portfolio Managers

Scott Radell
Head of Core Portfolio Management, Systematic Fixed Income

  

Literature

Literature

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