IMBS

iShares US Mortgage Backed Securities UCITS ETF

Fixed Income

IMBS

iShares US Mortgage Backed Securities UCITS ETF

Overview

WHY IMBS?

  1. Exposure to a broad range of U.S. mortgage-backed securities issued by government sponsored enterprises such as Ginnie Mae (GNMA), Fannie Mae (FNMA), and Freddie Mac (FHLMC).
  2. Diversified access to mortgage-backed securities issued by U.S. government agencies in a single share class
  3. Incorporate exposure to the income-generating characteristics of mortgage-backed securities

INVESTMENT OBJECTIVE

The Fund seeks to track the performance of an index composed of investment-grade mortgage-backed pass-through securities1 issued by U.S. government agencies

1Pass-through securities deliver both the interest and principal repayments directly to the MBS owner.

Important Information: Capital at Risk. All financial investments involve an element of risk. Therefore, the value of your investment and the income from it will vary and your initial investment amount cannot be guaranteed.

Important Information: The value of your investment and the income from it will vary and your initial investment amount cannot be guaranteed. The Share class invests in fixed interest securities such as bonds which pay a fixed or variable rate of interest. Therefore the value of these securities is sensitive to movements in interest rates; typically when interest rates rise there is a corresponding decline in the market value of bonds. The Share class invests in fixed interest securities issued by US government sponsored enterprises such as Ginnie Mae, Fannie Mae and Freddie Mac. There is a risk of default where the issuing company may not pay income or repay capital to the Share class when due. Mortgage backed securities may be subject to liquidity risk (where there are insufficient buyers or sellers to allow the Share class to sell or buy investments readily), have high levels of borrowing and may not fully reflect the value of underlying assets.

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
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Performance

Performance

  From
30/Jun/2015
To
30/Jun/2016		 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
Total Return (%) Total return represents changes to the NAV and accounts for distributions from the fund.

as of 30/Jun/2020

- -0.30 -0.36 6.01 5.30
Benchmark (%) Index: Bloomberg Barclays US Mortgage Backed Securities Index

as of 30/Jun/2020

- -0.06 0.15 6.22 5.67
  2015 2016 2017 2018 2019
Total Return (%) Total return represents changes to the NAV and accounts for distributions from the fund. - - 2.20 0.58 6.06
Benchmark (%) Index: Bloomberg Barclays US Mortgage Backed Securities Index - - 2.47 0.99 6.35

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 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

Chart

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

Share Class and Benchmark performance displayed in USD, hedged fund 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

Distributions

Record Date Ex-Date Total Distribution
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Announcement Date Record Date Ex-Date Payable Date Total Distribution

Key Facts

Key Facts

Net Assets as of 03/Jul/2020 USD 1,054,301,598
Net Assets of Fund as of 03/Jul/2020 USD 2,313,541,042
Fund Base Currency USD
Share Class Currency USD
Fund Launch Date 23/May/2016
Share Class launch date 23/May/2016
Asset Class Fixed Income
Total Expense Ratio TER (Total expense ratio) - A measure of the total costs associated with managing and operating a fund. These costs consist primarily of management fees and other expenses such as trustee, custody, transaction and registration fees and other operating expenses. The total cost for the fund is divided by the fund’s total assets and expressed as a percentage which represents the TER. 0.28%
Product Structure Physical
Methodology Detail on the underlying structure of the product and how exposure is gained. Sampled
Domicile Ireland
UCITS Compliant UCITS: Undertakings for Collective Investment in Transferable Securities, commonly known as “UCITS”, are collective investment schemes (a type of investment fund) which are established and authorised in one EU Member State and designed for EU retail investors. Once authorised, UCITS can be sold cross border to EU retail investors in other EU Member States using a registration process, but without a requirement for separate authorisation. Yes
Benchmark Index Bloomberg Barclays US Mortgage Backed Securities Index
Distribution Frequency How often a distribution is paid by an individual security. The most common distribution frequencies are annually, biannually and quarterly. Semi-Annual
Securities Lending Return Annualised Securities Lending Return is the net 12 month securities lending revenue to the fund divided by the average NAV of the fund over the same time period. -
Rebalance Frequency Monthly
ISIN IE00BZ6V7883
Valor 32215785
Bloomberg Ticker IMBS SW
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 Distributing

Portfolio Characteristics

Portfolio Characteristics

Shares Outstanding as of 03/Jul/2020 211,605,301
Number of Holdings The number of holdings in the fund excluding cash positions and derivatives exposures. Derivatives are contracts used by the fund to gain exposure to an investment without buying it directly. They can be used in a number of ways. For example a 'currency forward' derivative contract can be used to 'hedge' or aim to mitigate the effects of changes in exchange rates. as of 02/Jul/2020 352
Benchmark Level as of 03/Jul/2020 USD 2,315.07
Benchmark Ticker LUMSTRUU
Distribution Yield The distribution yield represents the ratio of distributed income over the last 12 months to the fund’s current NAV. as of 02/Jul/2020 2.78%
Weighted Avg Coupon Weighted Average Coupon is the average coupon rate of the underlying bonds in the fund, weighted by its relative size in the portfolio. as of 02/Jul/2020 3.80%
Fiscal Year End 31 May
Effective Duration A measure of the responsiveness of a bond's or portfolio's price to changes in interest rates. Effective Duration adjusts for changes in projected cash flows as a result of yield changes, accounting for embedded optionality. as of 02/Jul/2020 1.77
Weighted Avg Maturity Weighted Average Maturity is the length of time until the average security in the fund will mature or be redeemed by its issuer. It indicates a fixed income fund's sensitivity to interest rate changes. Longer average weighted maturity implies greater volatility in response to interest rate changes. This metric considers the likelihood that bonds will be called or prepaid. as of 02/Jul/2020 3.44 yrs
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 30/Jun/2020 2.28%
Weighted Av YTM Yield to Maturity (YTM) is the discount rate that equates the present value of a bond's cash flows with its market price (including accrued interest). The Fund Average YTM is the weighted average of the fund's individual bond holding YTMs based upon Net Asset Value ("NAV"). The measure does not include fees and expenses. as of 02/Jul/2020 1.21%

Sustainability Characteristics

Sustainability Characteristics

To be included in MSCI ESG Fund Ratings, 65% of the fund’s underlying holdings (excluding cash positions) must be covered by MSCI ESG Research, 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.


Transparency on Business Involvement metrics is not indicative of a fund’s investment objective, and, unless otherwise stated in Fund documentation and included within a Fund’s investment objective, ESG integration does not change a Fund’s investment objective or constrain the Investment Manager’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 Percentage sum of issuers within the fund that have been identified by MSCI ESG Research as having controversial weapons involvement including Cluster Munitions, Landmines, Depleted Uranium, Biological & Chemical, and non detectable fragments. For further details regarding MSCI's methodology, see footnote 4 at the bottom of the page. as of 02/Jul/2020 0.00%
MSCI - UN Global Compact Violators Percentage sum of issuers within the fund that have been identified by MSCI ESG Research as failing to comply with the United Nations Global Compact Principles. For further details regarding MSCI’s methodology, see footnote 5 at the bottom of the page. as of 02/Jul/2020 0.00%
MSCI - Nuclear Weapons Percentage sum of issuers within the fund that have been identified by MSCI ESG research as manufacturing nuclear weapons. For further details regarding MSCI's methodology, see footnote 4 at the bottom of the page. as of 02/Jul/2020 0.00%
MSCI - Thermal Coal Percentage sum of issuers within the fund that have been identified by MSCI ESG Research as earning >5% of total revenue from thermal coal production. For further details regarding MSCI's methodology, see footnote 4 at the bottom of the page. as of 02/Jul/2020 0.00%
MSCI - Civilian Firearms Percentage sum of issuers within the fund that have been identified as producing firearms and small arms ammunitions for civilian markets. For further details regarding MSCI's methodology, see footnote 4 at the bottom of the page. as of 02/Jul/2020 0.00%
MSCI - Oil Sands Percentage sum of issuers within the fund that have been identified by MSCI ESG Research as earning >5% of total revenue from Oil Sands production. For further details regarding MSCI's methodology, see footnote 4 at the bottom of the page. as of 02/Jul/2020 0.00%
MSCI - Tobacco Percentage sum of issuers within the fund that have been identified by MSCI ESG Research as producing tobacco products. For further details regarding MSCI’s methodology, see footnote 4 at the bottom of the page. as of 02/Jul/2020 0.00%

Business Involvement metrics are calculated using MSCI ESG Research which provides a profile of each company’s specific business involvement. BlackRock leverages this research 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.

Registered Locations

Registered Locations

  • Austria

  • Belgium

  • Chile

  • Denmark

  • Finland

  • France

  • Germany

  • Ireland

  • Italy

  • Luxembourg

  • Netherlands

  • Norway

  • Portugal

  • Singapore

  • Spain

  • Sweden

  • Switzerland

  • United Kingdom

Holdings

Holdings

as of 02/Jul/2020
Ticker ISIN Name Name of the underlying security Sector Location Asset Class Nominal Market Value Weight (%) Price Exchange Maturity Coupon (%) Market Currency Duration Notional Value
as of 02/Jul/2020
Issuer Weight (%)
FEDERAL NATIONAL MORTGAGE ASSOCIATION 46.40
GOVERNMENT NATIONAL MORTGAGE ASSOCIATION II 21.92
FEDERAL HOME LOAN MORTGAGE CORPORATION 17.11
Issuer Weight (%)
UNIFORM MBS 5.49
FEDERAL HOME LOAN MORTGAGE CORPORATION -GOLD 4.91
GOVERNMENT NATIONAL MORTGAGE ASSOCIATION I 3.70
Issuer Ticker Name Name of the underlying security Asset Class Weight (%) Price Nominal Market Value Notional Value Sector ISIN Coupon (%) Maturity Exchange Location Market Currency Duration
Download Holdings
Detailed Holdings and Analytics contains detailed portfolio holdings information and select analytics.

Exposure Breakdowns

Exposure Breakdowns

as of 02/Jul/2020

% of Market Value

Type Fund
as of 02/Jul/2020

% of Market Value

Type Fund
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.
as of 02/Jul/2020

% of Market Value

Type Fund
as of 02/Jul/2020

% of Market Value

Type Fund
as of 02/Jul/2020

% 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

Exchange Ticker Currency Listing Date SEDOL Bloomberg Ticker RIC Bloomberg INAV Reuters INAV ISIN WKN Valor Common Code (EOC) ISIN of INAV
London Stock Exchange IMBS USD 25/May/2016 BYZJCH0 IMBS LN IMBS.L - - IE00BZ6V7883 - 32215785 - -
Deutsche Boerse Xetra QDVP EUR 27/May/2016 BZ6V788 QDVP GY QDVP.DE - - IE00BZ6V7883 A2AGYT - - -
London Stock Exchange SMBS GBP 25/May/2016 BYZJCG9 SMBS LN SMBS.L - - IE00BZ6V7883 - - - -
Bolsa Mexicana De Valores IMBS MXN 07/Apr/2017 - IMBSN MM - - - IE00BZ6V7883 - - - -
SIX Swiss Exchange IMBS USD 22/Aug/2016 BZC0HS9 IMBS SW IMBS.S - - IE00BZ6V7883 - 32215785 - -

Literature

Literature