Fixed Income

NEAR

iShares Short Duration Bond Active ETF

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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.
8.19 4.12 2.97 2.31 2.19
Market Price (%) 8.18 4.11 2.97 2.30 2.19
Benchmark (%) 7.34 3.81 2.67 1.95 1.79
After Tax Pre-Liq. (%) 5.93 2.73 1.89 1.44 1.37
After Tax Post-Liq. (%) 4.79 2.54 1.80 1.39 1.32
  YTD 1m 3m 6m 1y 3y 5y 10y Incept.
4.94 0.89 3.13 4.22 8.19 12.87 15.74 25.61 26.92
Market Price (%) 4.81 0.85 3.12 4.10 8.18 12.85 15.74 25.51 26.89
Benchmark (%) 4.38 0.83 2.96 3.94 7.34 11.87 14.11 21.30 21.57
After Tax Pre-Liq. (%) 3.55 0.72 2.59 3.17 5.93 8.40 9.83 15.37 16.19
After Tax Post-Liq. (%) 2.90 0.52 1.85 2.48 4.79 7.82 9.35 14.75 15.51
  2019 2020 2021 2022 2023
Total Return (%) 3.47 1.43 0.34 0.36 7.33
Market Price (%) 3.51 1.39 0.32 0.41 7.41
Benchmark (%) 2.69 1.31 0.10 0.69 6.49
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 11, 2024
$2,923,657,662
Exchange
Cboe BZX formerly known as BATS
Benchmark Index
BBG Government/Credit 1-3 Yr Index
Distribution Frequency
Monthly
CUSIP
46431W507
30 Day Avg. Volume
as of Dec 11, 2024
332,710.00
Daily Volume
as of Dec 11, 2024
358,127.00
Fund Launch Date
Sep 25, 2013
Asset Class
Fixed Income
Shares Outstanding
as of Dec 11, 2024
57,650,000
Premium/Discount
as of Dec 11, 2024
0.02%
Closing Price
as of Dec 11, 2024
50.73
30 Day Median Bid/Ask Spread
as of Dec 11, 2024
0.02%

Portfolio Characteristics

Portfolio Characteristics

Number of Holdings
as of Dec 11, 2024
992
30 Day SEC Yield
as of Dec 10, 2024
4.56%
Standard Deviation (3y)
as of Oct 31, 2024
1.65%
Weighted Avg Coupon
as of Dec 11, 2024
4.77
Effective Duration
as of Dec 11, 2024
1.83 yrs
Option Adjusted Spread
as of Dec 11, 2024
51.08 bps
Equity Beta (3y)
as of Oct 31, 2024
0.03
12m Trailing Yield
as of Dec 10, 2024
5.04%
Average Yield to Maturity
as of Dec 11, 2024
4.72%
Weighted Avg Maturity
as of Dec 11, 2024
2.60 yrs
Convexity
as of Dec 11, 2024
0.02
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 provide investors with specific non-traditional metrics. Alongside other metrics and information, these enable investors to evaluate funds on certain environmental, social and governance characteristics. Sustainability Characteristics do not provide an indication of current or future performance nor do they represent the potential risk and reward profile of a fund. They are provided for transparency and for information purposes only. Sustainability Characteristics should not be considered solely or in isolation, but instead are one type of information that investors may wish to consider when assessing a fund. Learn more

This fund does not seek to follow a sustainable, impact or ESG investment strategy. The metrics do not change the fund’s investment objective or constrain the fund’s investable universe, and there is no indication that a sustainable, impact or ESG investment strategy will be adopted by the fund. For more information regarding the fund's investment strategy, please see the fund's prospectus.

Review the MSCI methodologies behind Sustainability Characteristics using the links below.

MSCI ESG Fund Rating (AAA-CCC)
as of Nov 21, 2024
A
MSCI ESG Quality Score (0-10)
as of Nov 21, 2024
6.1
Fund Lipper Global Classification
as of Nov 21, 2024
Bond USD Short Term
MSCI Weighted Average Carbon Intensity (Tons CO2E/$M SALES)
as of Nov 21, 2024
145.28
MSCI ESG % Coverage
as of Nov 21, 2024
65.74%
MSCI ESG Quality Score - Peer Percentile
as of Nov 21, 2024
17.39%
Funds in Peer Group
as of Nov 21, 2024
207
MSCI Weighted Average Carbon Intensity % Coverage
as of Nov 21, 2024
26.93%
All data is from MSCI ESG Fund Ratings as of Nov 21, 2024, based on holdings as of Oct 31, 2024. 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% (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.

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. 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 11, 2024
0.32%
MSCI - Nuclear Weapons
as of Dec 11, 2024
0.00%
MSCI - Civilian Firearms
as of Dec 11, 2024
0.00%
MSCI - Tobacco
as of Dec 11, 2024
0.86%
MSCI - UN Global Compact Violators
as of Dec 11, 2024
0.00%
MSCI - Thermal Coal
as of Dec 11, 2024
0.53%
MSCI - Oil Sands
as of Dec 11, 2024
0.08%

Business Involvement Coverage
as of Dec 11, 2024
22.53%
Percentage of Fund not covered
as of Dec 11, 2024
77.47%
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 0.64% and for Oil Sands 0.08%.

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

BlackRock considers many investment risks in our processes. In order to seek the best risk-adjusted returns for our clients, we manage material risks and opportunities that could impact portfolios, including financially material Environmental, Social and/or Governance (ESG) data or information, where available. See our Firm Wide ESG Integration Statement for more information on this approach and fund documentation for how these material risks are considered within this product, where applicable.

Fees

Fees

as of current prospectus
Management Fee 0.25%
Acquired Fund Fees and Expenses 0.00%
Other Expenses 0.00%
Expense Ratio 0.25%

The amounts shown above are as of the current prospectus, but may not include extraordinary expenses incurred by the Fund over the past fiscal year. Amounts are rounded to the nearest basis point, which in some cases may be "0.00".

Ratings

Ratings

Morningstar Rating

5 stars
Overall Morningstar Rating for iShares Short Duration Bond Active ETF, as of Nov 30, 2024 rated against 514 Short-Term Bond Funds based on risk adjusted total return.

Morningstar Medalist Rating

Morningstar Medalist Rating - SILVER
Morningstar has awarded the Fund a Silver medal. (Effective Oct 31, 2024)
Analyst-Driven % as of Oct 31, 2024
55.00
Data Coverage % as of Oct 31, 2024
100.00

Holdings

Holdings

as of Dec 11, 2024
Issuer Weight (%)
UNITED STATES TREASURY 37.98
JPMORGAN CHASE & CO 2.93
BANK OF AMERICA CORP 1.69
GOLDMAN SACHS GROUP INC/THE 1.59
FEDERAL NATIONAL MORTGAGE ASSOCIATION 1.14
Issuer Weight (%)
MORGAN STANLEY 1.03
VICI PROPERTIES LP 0.88
CITIGROUP INC 0.81
T-MOBILE USA INC 0.79
CCCIT_17-A6-A6 0.73
Ticker Name Type Sector Asset Class Market Value Weight (%) Notional Value Shares 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 Strike price
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”). Holdings data shown reflects the investment book of record, which may differ from the accounting book of record used for the purposes of determining the Net Assets of the Fund. 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.

The “SYNTH” included in the Holdings table above are swaptions held by the Fund.

Exposure Breakdowns

Exposure Breakdowns

as of Dec 11, 2024

% of Market Value

Type Fund
as of Dec 11, 2024

% 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 Dec 11, 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.

Portfolio Managers

Portfolio Managers

Akiva Dickstein
Managing Director, Global Fixed Income, Head of Customized Multi-Sector Portfolios, Head of Short Duration

    

Scott MacLellan, CFA, CMT
Managing Director, Portfolio Manager

  

James Mauro
James Mauro
Amanda Liu, CFA
Director, Deputy Head of the multi-sector team within Core Portfolio Management

  

Sam Summers
Director, Portfolio Manager

  

Literature

Literature

 

Funds related to NEAR

Funds related to NEAR

ICSH
iShares Ultra Short-Term Bond Active ETF
MEAR
iShares Short Maturity Municipal Bond Active ETF

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