Fixed Income

CEBW

iShares US Mortgage Backed Securities UCITS 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.

Important Information: Important Information: The value of your investment and the income from it will vary and your initial investment amount cannot be guaranteed. ETFs trade on exchanges like stocks and are bought and sold at market prices which may be different to the net asset values of the ETFs. Two main risks related to fixed income investing are interest rate risk and credit risk. Typically, when interest rates rise, there is a corresponding decline in the market value of bonds. Credit risk refers to the possibility that the issuer of the bond will not be able to repay the principal and make interest payments. The fund invests in fixed interest securities issued by companies. There is a risk of default where the issuing company may not pay income or repay capital to the Fund when due. The currency hedging is designed to reduce, but cannot eliminate the impact of currency movements between the Base Currency and the currencies in which some or all of the underlying investments are transacted. Depending on the exchange rates, this may have a positive or negative impact on the performance of the Fund.

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

Distributions

Record Date Ex-Date Payable Date
View full table
This chart has been left intentionally blank as there is less than one year's performance data.
Returns not available as there is less than one year’s performance data.
Returns not available as there is less than one year’s performance data.
Returns not available as there is less than one year’s performance data.

The figures shown relate to past performance. Past performance is not a reliable indicator of future performance. Markets could develop very differently in the future. It can help you to assess how the fund has been managed in the past

Share Class and Benchmark performance displayed in EUR, 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 19/Jun/2024
EUR 284’410
Share Class launch date
21/Feb/2024
Share Class Currency
EUR
Asset Class
Fixed Income
SFDR Classification
Other
Total Expense Ratio
0.30%
Distribution Frequency
Semi-Annual
Domicile
Ireland
Rebalance Frequency
Monthly
UCITS Compliant
Yes
Fund Manager
BlackRock Asset Management Ireland Limited
Custodian
State Street Custodial Services (Ireland) Limited
Bloomberg Ticker
CEBW GY
Net Assets of Fund
as of 19/Jun/2024
USD 2’264’155’351
Fund Launch Date
23/May/2016
Fund Base Currency
USD
Benchmark Index
Bloomberg US MBS Index
Shares Outstanding
as of 19/Jun/2024
56’473
ISIN
IE000EEJLWG1
Use of Income
Distributing
Product Structure
Physical
Methodology
Sampled
Issuing Company
iShares IV plc
Administrator
State Street Fund Services (Ireland) Limited
Fiscal Year End
31 May
Valor
132387292

Portfolio Characteristics

Portfolio Characteristics

Number of Holdings
as of 19/Jun/2024
479
Benchmark Ticker
LUMSTRUU
Standard Deviation (3y)
as of -
-
Weighted Av YTM
as of 19/Jun/2024
5.07%
Weighted Avg Maturity
as of 19/Jun/2024
7.79 yrs
Benchmark Level
as of 20/Jun/2024
USD 2’126.93
12 Month Trailing Dividend Distribution Yield
as of 19/Jun/2024
-
3y Beta
as of -
-
Weighted Avg Coupon
as of 19/Jun/2024
3.06%
Effective Duration
as of 19/Jun/2024
5.53

Sustainability Characteristics

Sustainability Characteristics

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. 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.


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 19/Jun/2024
0.00%
MSCI - Nuclear Weapons
as of 19/Jun/2024
0.00%
MSCI - Civilian Firearms
as of 19/Jun/2024
0.00%
MSCI - Tobacco
as of 19/Jun/2024
0.00%
MSCI - UN Global Compact Violators
as of 19/Jun/2024
0.00%
MSCI - Thermal Coal
as of 19/Jun/2024
0.00%
MSCI - Oil Sands
as of 19/Jun/2024
0.00%

Business Involvement Coverage
as of 19/Jun/2024
5.90%
Percentage of Fund not covered
as of 19/Jun/2024
94.10%
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.

Ratings

Registered Locations

Registered Locations

  • Austria

  • Denmark

  • Finland

  • France

  • Germany

  • Ireland

  • Italy

  • Luxembourg

  • Netherlands

  • Norway

  • Spain

  • Sweden

  • Switzerland

  • United Kingdom

Holdings

Holdings

as of 19/Jun/2024
Issuer Weight (%)
FEDERAL NATIONAL MORTGAGE ASSOCIATION 42.02
FEDERAL HOME LOAN MORTGAGE CORPORATION 28.52
GOVERNMENT NATIONAL MORTGAGE ASSOCIATION II 21.12
Issuer Weight (%)
UNIFORM MBS 4.15
GOVERNMENT NATIONAL MORTGAGE ASSOCIATION I 1.89
FEDERAL HOME LOAN MORTGAGE CORPORATION -GOLD 1.02
Issuer Ticker Name Sector Asset Class Market Value Weight (%) Notional Value Nominal Par Value ISIN Price Location Exchange Duration Maturity Coupon (%) Market Currency Effective Date
Detailed Holdings and Analytics contains detailed portfolio holdings information and select analytics.

Exposure Breakdowns

Exposure Breakdowns

as of 19/Jun/2024

% of Market Value

Type Fund
as of 19/Jun/2024

% of Market Value

Type Fund
as of 19/Jun/2024

% of Market Value

Type Fund
as of 19/Jun/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.

Listings

Listings

Exchange Ticker Currency Listing Date SEDOL Bloomberg Ticker RIC WKN
Xetra CEBW EUR 23/Feb/2024 BRBKJG6 CEBW GY CEBW.DE  A401SL

PRIIPs Performance Scenarios

PRIIPs Performance Scenarios

The EU Packaged Retail and Insurance-Based Products Regulation (PRIIPs) prescribes the calculation methodology, and publication of the outcomes, of four hypothetical performance scenarios regarding how the product may perform under certain conditions and for such to be published on a monthly basis. The figures shown include all the costs of the product itself, but may not include all the costs that you pay to your advisor or distributor. The figures do not take into account your personal tax situation, which may also affect how much you get back. What you will get from this product depends on future market performance. Market developments in the future are uncertain and cannot be accurately predicted. The unfavourable, moderate, and favourable scenarios shown are illustrations using the worst, average, and best performance of the product, which may include input from benchmark(s) / proxy, over the last ten years.
Recommended holding period : 3 years
Example Investment EUR 10’000
Scenario
If you exit after 1 year
If you exit after 3 years

Minimum

There is no minimum guaranteed return. You could lose some or all of your investment.

Stress

What you might get back after costs
Average return each year
7’690 EUR
-23.1%
7’410 EUR
-9.5%

Unfavourable

What you might get back after costs
Average return each year
8’460 EUR
-15.4%
8’280 EUR
-6.1%

Moderate

What you might get back after costs
Average return each year
10’060 EUR
0.6%
10’420 EUR
1.4%

Favourable

What you might get back after costs
Average return each year
10’850 EUR
8.5%
11’170 EUR
3.8%

The stress scenario shows what you might get back in extreme market circumstances.



Literature

Literature