Performance
Performance
-
Returns
| 1y | 3y | 5y | 10y | Incept. | |
|---|---|---|---|---|---|
| Total Return (%) Total return represents changes to the NAV and accounts for distributions from the fund. | 1.71 | 1.56 | 1.22 | - | 1.22 |
| Market Price (%) Market price return represents changes to the midpoint price and accounts for distributions from the fund. The midpoint is the average of the bid-ask prices at 4:00 PM ET (when NAV is normally determined for most funds). | 1.75 | 1.53 | 1.20 | - | 1.22 |
| After Tax Pre-Liq. (%) Return after taxes on distributions. Assumes fund shares have not been sold. | 0.79 | 0.87 | 0.66 | - | 0.68 |
| After Tax Post-Liq. (%) Return after taxes on distributions and sale of fund shares. | 1.01 | 0.89 | 0.69 | - | 0.69 |
Missing average annual returns data
| YTD | 1m | 3m | 6m | 1y | 3y | 5y | 10y | Incept. | |
|---|---|---|---|---|---|---|---|---|---|
| Total Return (%) Total return represents changes to the NAV and accounts for distributions from the fund. | 1.71 | 0.09 | 0.23 | 0.86 | 1.71 | 4.75 | 6.27 | - | 6.62 |
| Market Price (%) Market price return represents changes to the midpoint price and accounts for distributions from the fund. The midpoint is the average of the bid-ask prices at 4:00 PM ET (when NAV is normally determined for most funds). | 1.75 | 0.04 | 0.17 | 0.84 | 1.75 | 4.65 | 6.14 | - | 6.62 |
| After Tax Pre-Liq. (%) Return after taxes on distributions. Assumes fund shares have not been sold. | 0.79 | -0.07 | -0.10 | 0.28 | 0.79 | 2.64 | 3.37 | - | 3.64 |
| After Tax Post-Liq. (%) Return after taxes on distributions and sale of fund shares. | 1.01 | 0.05 | 0.13 | 0.51 | 1.01 | 2.69 | 3.48 | - | 3.71 |
Missing cumulative returns data
| 2014 | 2015 | 2016 | 2017 | 2018 | |
|---|---|---|---|---|---|
| Total Return (%) Total return represents changes to the NAV and accounts for distributions from the fund. | 0.75 | 0.69 | 1.42 | 1.55 | 1.71 |
| Market Price (%) Market price return represents changes to the midpoint price and accounts for distributions from the fund. The midpoint is the average of the bid-ask prices at 4:00 PM ET (when NAV is normally determined for most funds). | 0.61 | 0.81 | 1.42 | 1.41 | 1.75 |
Missing calendar year returns data
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.
Growth of Hypothetical $10,000 The growth of hypothetical $10,000 chart reflects a hypothetical $10,000 investment and assumes reinvestment of dividends and capital gains. Fund expenses, including management fees and other expenses were deducted.
Performance chart data not available for display.
Distributions
| Ex-Date | Total Distribution | Income |
|---|
Premium/Discount
Key Facts
Key Facts
Net Assets
as of Mar 21, 2019
$6,199,166,025
Inception Date
Sep 25, 2013
Exchange
Cboe BZX formerly known as BATS
Asset Class
Fixed Income
Shares Outstanding
as of Mar 21, 2019
123,550,000
Number of Holdings
The number of holdings in the fund excluding cash positions and derivatives such as futures and currency forwards.
as of Mar 21, 2019
422
CUSIP
46431W507
Closing Price
as of Mar 21, 2019
50.19
Mid-Point Price
The midpoint between the highest bid and the lowest offer on the listing exchange, as of the time that the Fund's NAV is calculated (usually 4:00 pm eastern time for most funds).
as of Mar 21, 2019
50.19
20 Day Avg. Volume
The average number of shares traded in a security across all U.S. exchanges over the last 20 trading days.
as of Mar 22, 2019
973,543.35
Daily Volume
The number of shares traded in a security across all U.S. exchanges on the date indicated.
as of Mar 21, 2019
588,387.00
Portfolio Characteristics
Portfolio Characteristics
Equity Beta (3y)
Beta is a measure of the tendency of securities to move with the market as a whole. A beta of 1 indicates that the security's price will move with the market. A beta less than 1 indicates the security tends to be less volatile than the market, while a beta greater than 1 indicates the security is more volatile than the market.<br/><br/>Calculated vs. S&P 500
as of Feb 28, 2019
0.02
Standard Deviation (3y)
Standard deviation measures how dispersed returns are around the average. A higher standard deviation indicates that returns are spread out over a larger range of values and thus, more volatile.
as of Feb 28, 2019
0.29%
Distribution Yield
The annual yield an investor would receive if the most recent fund distribution and current fund price stayed the same going forward. It’s calculated by annualizing the most recent distribution and dividing by the fund’s net asset value (NAV) from the as-of date.
as of Mar 21, 2019
3.12%
12m Trailing Yield
The yield an investor would have received if they had held the fund over the last twelve months assuming the most recent NAV. The 12-Month yield is calculated by assuming any income distributions over the past twelve months and dividing by the sum of the most recent NAV and any capital gain distributions made over the past twelve months.
as of Mar 21, 2019
2.40%
Weighted Avg Coupon
The average coupon rate of the underlying bonds in the fund, weighted by each bond's face value.
as of Mar 21, 2019
2.77%
Weighted Avg Maturity
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 Mar 21, 2019
1.33 yrs
Option Adjusted Spread
The weighted average incremental yield earned over similar duration US Treasuries, measured in basis points. This metric considers the likelihood that bonds will be called or prepaid before the scheduled maturity date.
as of Mar 21, 2019
53
Average Yield to Maturity
The discount rate that equates the present value of a bond’s cash flows with its market price (including accrued interest). The Fund Average Yield to Maturity is the weighted average of the fund’s individual bond holding yields based on Net Asset Value (‘NAV’). The measure does not include fees and expenses. For callable bonds, this yield is the yield-to-worst.
as of Mar 21, 2019
3.04%
This information must be preceded or accompanied by a current prospectus. For standardized performance, please see the Performance section above.
Fees
Fees
as of current prospectus
| Management Fee | 0.25% |
| Acquired Fund Fees and Expenses Acquired Fund Fees and Expenses (“AFFE”) reflect the Fund's pro rata share of the indirect fees and expenses incurred by investing in one or more acquired funds, such as mutual funds, business development companies, or other pooled investment vehicles. AFFE are reflected in the prices of the acquired funds and thus included in the total returns of the Fund. | 0.00% |
| Foreign Taxes and Other Expenses | 0.00% |
| Expense Ratio As stated in the Fund’s current prospectus. | 0.25% |
Holdings
Holdings
as of Mar 21, 2019
| Issuer | Weight (%) |
|---|---|
| UNITED STATES TREASURY | 5.30 |
| CVS HEALTH CORP | 1.39 |
| BANK OF AMERICA CORP | 1.27 |
| GENERAL MOTORS FINANCIAL CO INC | 1.22 |
| CITIGROUP INC | 1.19 |
| Issuer | Weight (%) |
|---|---|
| JPMORGAN CHASE & CO | 1.17 |
| ALLERGAN FUNDING SCS | 1.15 |
| GOLDMAN SACHS GROUP INC/THE | 1.11 |
| MORGAN STANLEY | 1.03 |
| FORD MOTOR CREDIT COMPANY LLC | 0.99 |
| ISIN | Name | Sector | SEDOL | Market Value | Weight (%) | Price | Maturity | Coupon (%) | Duration | Notional Value | YTM (%) | Yield to Worst (%) | Par Value |
|---|
| Name | Asset Class | Weight (%) | Price | Market Value | Notional Value | Sector | SEDOL | ISIN | Coupon (%) | Maturity | YTM (%) | Yield to Worst (%) | Duration | Par Value |
|---|
Detailed Holdings and Analytics
Detailed portfolio holdings information. Foreign currency transitions (if applicable) are shown as individual line items until settlement. Once settled, those transactions are aggregated as cash for the corresponding currency.
- Preliminary Holdings Portfolio holdings information including position amounts and market values
- Cash Flows The aggregate cash flows of the fund's individual holdings (scaled to 1 million ETF shares outstanding) based on the yield to worst (the lower of the yield to maturity or yield to call) of each security
Holdings are subject to change.
Exposure Breakdowns
Exposure Breakdowns
as of Mar 21, 2019
% of Market Value
as of Mar 21, 2019
% of Market Value
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 Mar 21, 2019
% of Market Value
Allocations are subject to change.
Price Yield Calculator
Price Yield Calculator
The calculator provides clients with an indication of an ETF's yield and duration for a given market price. The ACF Yield is the discount rate that equates the ETF's aggregate cash flows (i.e., the sum of the cash flows of the ETF's holdings) to a given ETF price. The cash flows are based on the yield to worst methodology in which a bond's cash flows are assumed to occur at the call date (if applicable) or maturity, whichever results in the lowest yield for that bond holding. For a given ETF price, this calculator will estimate the corresponding ACF Yield and spread to the relevant government reference security yield. Note that the ACF Yield will differ from the ETF's "Weighted Avg YTM For more information on Aggregate Cash Flow Yield, see info here. The Aggregate Cash Flow (“ACF”) Yield is the discount rate that equates the aggregate cash flows of the ETF's individual fund holdings (specifically the cash flows corresponding to the lower of the yield to call or yield to maturity of a given security) to a stated market price. In contrast, the weighted average yield to maturity is a market value weighted average of the yields of the ETF's individual holdings based on the prior day's net asset value. The ACF Yield allows an investor to compare the yield and spread for varying ETF market prices in order to help understand the impact of intraday market movements. The ACF of the ETF is the sum of the individual bond cash flows “to worst” (i.e. either to call or to maturity, whichever results in the lowest yield for the ETF). The ACF Yield does not make any adjustments based on the cost incurred to acquire an ETF or the impact of the ETF’s management fee.
Results generated are for illustrative purposes only and are not representative of any specific investments outcome. For standardized performance, please click the ‘returns’ tab above.
Literature
Literature
More Products
How to Buy iShares ETFs
How to Buy iShares ETFs
There are many ways to access iShares ETFs. Learn how you can add them to your portfolio.
Important Information
Carefully consider the Funds' investment objectives, risk factors, and charges and expenses before investing. This and other information can be found in the Funds' prospectuses or, if available, the summary prospectuses which may be obtained by visiting the iShares Fund and BlackRock Fund prospectus pages. Read the prospectus carefully before investing.
Investing involves risk, including possible loss of principal.
The Fund is actively managed and does not seek to replicate the performance of a specified index. The Fund may have a higher portfolio turnover than funds that seek to replicate the performance of an index.
Fixed income risks include interest-rate and credit risk. Typically, when interest rates rise, there is a corresponding decline in bond values. Credit risk refers to the possibility that the bond issuer will not be able to make principal and interest payments.
Non-investment-grade debt securities (high-yield/junk bonds) may be subject to greater market fluctuations, risk of default or loss of income and principal than higher-rated securities.
Diversification and asset allocation may not protect against market risk or loss of principal.
The iShares Short Maturity Bond ETF will invest in privately issued securities that have not been registered under the Securities Act of 1933 and as a result are subject to legal restrictions on resale. Privately issued securities are not traded on established markets and may be illiquid, difficult to value and subject to wide fluctuations in value. Delay or difficulty in selling such securities may result in a loss to the iShares Short Maturity Bond ETF. The fund may invest in asset-backed (“ABS”) and mortgage-backed securities (“MBS”) which are subject to credit, prepayment and extension risk, and react differently to changes in interest rates than other bonds. Small movements in interest rates may quickly reduce the value of certain ABS and MBS.
Transactions in shares of ETFs will result in brokerage commissions and will generate tax consequences. All regulated investment companies are obliged to distribute portfolio gains to shareholders.
Shares of ETFs are bought and sold at market price (not NAV) and are not individually redeemed from the Fund. Brokerage commissions will reduce returns. Market returns are based upon the midpoint of the bid/ask spread at 4:00 p.m. Eastern time (when NAV is normally determined for most ETFs), and do not represent the returns you would receive if you traded shares at other times.
Index returns are for illustrative purposes only. Index performance returns do not reflect any management fees, transaction costs or expenses. Indexes are unmanaged and one cannot invest directly in an index. Past performance does not guarantee future results.
After-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Actual after-tax returns depend on the investor's tax situation and may differ from those shown. The after-tax returns shown are not relevant to investors who hold their fund shares through tax-deferred arrangements such as 401(k) plans or individual retirement accounts.
Certain sectors and markets perform exceptionally well based on current market conditions and iShares Funds can benefit from that performance. Achieving such exceptional returns involves the risk of volatility and investors should not expect that such results will be repeated.
Distribution Yield and 12m Trailing Yield results may have period over period volatility due to factors including tax considerations such as treatment of passive foreign investment companies (PFICs), treatment of defaulted bonds or excise tax requirements; exceptional corporate actions; seasonality of dividends from underlying holdings; significant fluctuations in fund shares outstanding; or fund capital gain distributions.
The Funds are distributed by BlackRock Investments, LLC (together with its affiliates, “BlackRock”).
Although BlackRock shall obtain data from sources that BlackRock considers reliable, all data contained herein is provided “as is” and BlackRock makes no representation or warranty of any kind, either express or implied, with respect to such data, the timeliness thereof, the results to be obtained by the use thereof or any other matter. BlackRock expressly disclaims any and all implied warranties, including without limitation, warranties of originality, accuracy, completeness, timeliness, non-infringement, merchantability and fitness for a particular purpose.
The iShares Funds are not sponsored, endorsed, issued, sold or promoted by Barclays, Bloomberg Finance L.P., BlackRock Index Services, LLC, Cohen & Steers Capital Management, Inc., European Public Real Estate Association (“EPRA® ”), FTSE International Limited (“FTSE”), ICE Data Services, LLC, India Index Services & Products Limited, JPMorgan Chase & Co., Japan Exchange Group, MSCI Inc., Markit Indices Limited, Morningstar, Inc., The NASDAQ OMX Group, Inc., National Association of Real Estate Investment Trusts (“NAREIT”), New York Stock Exchange, Inc., Russell or S&P Dow Jones Indices LLC. None of these companies make any representation regarding the advisability of investing in the Funds. With the exception of BlackRock Index Services, LLC, who is an affiliate, BlackRock Investments, LLC is not affiliated with the companies listed above.
Neither FTSE nor NAREIT makes any warranty regarding the FTSE NAREIT Equity REITS Index, FTSE NAREIT All Residential Capped Index or FTSE NAREIT All Mortgage Capped Index; all rights vest in NAREIT. Neither FTSE nor NAREIT makes any warranty regarding the FTSE EPRA/NAREIT Developed Real Estate ex-U.S. Index, FTSE EPRA/NAREIT Developed Europe Index or FTSE EPRA/NAREIT Global REIT Index; all rights vest in FTSE, NAREIT and EPRA.“FTSE®” is a trademark of London Stock Exchange Group companies and is used by FTSE under license.
© 2019 BlackRock, Inc. All rights reserved. BLACKROCK, BLACKROCK SOLUTIONS, BUILD ON BLACKROCK, ALADDIN, iSHARES, iBONDS, iSHARES CONNECT, FUND FRENZY, LIFEPATH, SO WHAT DO I DO WITH MY MONEY, INVESTING FOR A NEW WORLD, BUILT FOR THESE TIMES, the iShares Core Graphic, CoRI and the CoRI logo are registered and unregistered trademarks of BlackRock, Inc., or its subsidiaries in the United States and elsewhere. All other marks are the property of their respective owners.
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