Fixed Income

CMBS

iShares CMBS 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.

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Performance

Performance

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Distributions

Record Date Ex-Date Total Distribution
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Premium/Discount

  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 (%)

as of 30/Jun/2021

-0.56 -0.42 8.70 6.55 1.87
Benchmark (%)

as of 30/Jun/2021

-0.33 -0.25 8.95 6.83 2.26
  1y 3y 5y 10y Incept.
1.30 5.60 3.16 - 3.41
Market Price (%)

as of 31/Aug/2021

1.71 5.68 3.21 - 3.45
Benchmark (%)

as of 31/Aug/2021

1.64 5.91 3.42 4.15 3.76
After Tax Pre-Liq. (%)

as of 31/Aug/2021

0.27 4.46 2.06 - 2.39
After Tax Post-Liq. (%)

as of 31/Aug/2021

0.83 3.83 1.93 - 2.18
  YTD 1m 3m 6m 1y 3y 5y 10y Incept.
-0.07 -0.20 0.89 1.28 1.30 17.76 16.80 - 37.74
Market Price (%)

as of 31/Aug/2021

0.11 0.13 1.07 1.74 1.71 18.03 17.09 - 38.21
Benchmark (%)

as of 31/Aug/2021

0.24 -0.18 0.95 1.48 1.64 18.78 18.28 50.12 42.26
After Tax Pre-Liq. (%)

as of 31/Aug/2021

-0.60 -0.28 0.67 0.82 0.27 14.00 10.71 - 25.24
After Tax Post-Liq. (%)

as of 31/Aug/2021

-0.05 -0.12 0.52 0.75 0.83 11.92 10.04 - 22.83
  2016 2017 2018 2019 2020
Total Return (%) 3.04 3.07 0.59 8.03 7.84
Market Price (%) 3.10 2.91 0.75 7.92 8.03
Benchmark (%) 3.32 3.35 0.78 8.29 8.11

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

Key Facts

Key Facts

Net Assets as of 15/Sep/2021 USD 815,149,292
Size of Fund (Millions) USD 815.15
Base Currency U.S. Dollar
Share Class launch date 14/Feb/2012
Asset Class Fixed Income
Domicile United States
Benchmark Index Bloomberg Barclays U.S. CMBS (ERISA Only) Index
Premium/Discount as of 15/Sep/2021 0.36%
30 Day Avg. Volume as of 15/Sep/2021 64,342.00
30 Day Median Bid/Ask Spread as of 15/Sep/2021 0.09

Portfolio Characteristics

Portfolio Characteristics

Shares Outstanding as of 15/Sep/2021 15,000,000
Number of Holdings as of 15/Sep/2021 695
Benchmark Level as of 15/Sep/2021 USD 334.72
Total Net Assets as of 15/Sep/2021 USD 815,149,291.89
Benchmark Ticker LUCMTRUU
Distribution Yield as of 15/Sep/2021 2.12%
Weighted Avg YTM as of 15/Sep/2021 1.30%
Weighted Avg Coupon as of 15/Sep/2021 3.19%
Fiscal Year End -
Effective Duration as of 15/Sep/2021 4.87
Weighted Avg Maturity as of 15/Sep/2021 5.35 yrs

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.

Fees

Fees

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

Registered Locations

Registered Locations

  • United States

Holdings

Holdings

as of 15/Sep/2021
Ticker ISIN Name Sector Location Asset Class Nominal Market Value Weight (%) Price Exchange Maturity Coupon (%) Market Currency Duration Notional Value
as of 15/Sep/2021
Issuer Weight (%)
FHMS_K127-A2 0.97
FHMS-K091-A2 0.92
FHMS_K087-A2 0.85
FHMS_K070-A2 0.76
FNMA_20-M1-A2 0.60
Issuer Weight (%)
FHMS_K110-A2 0.57
FHMS_K106-A1 0.57
FHMS_K073-A2 0.54
FHMS_K108-A2 0.51
FHMS_K128-A2 0.51
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.

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 15/Sep/2021

% 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 15/Sep/2021

% of Market Value

Type Fund
as of 15/Sep/2021

% 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 15/Sep/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.

Listings

Exchange Ticker Currency Listing Date SEDOL Bloomberg Ticker RIC Bloomberg INAV Reuters INAV ISIN WKN Valor Common Code (EOC) ISIN of INAV
NYSE Arca CMBS USD 16/Feb/2012 - CMBS - - - US46429B3666 - 18012920 - -

Literature

Literature