Fixed Income

IMBS

iShares US Mortgage Backed Securities UCITS ETF

Overview

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

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Distributions

Record Date Ex-Date Total Distribution
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  From
30-Sep-2015
To
30-Sep-2016
From
30-Sep-2016
To
30-Sep-2017
From
30-Sep-2017
To
30-Sep-2018
From
30-Sep-2018
To
30-Sep-2019
From
30-Sep-2019
To
30-Sep-2020
Total Return (%)

as of 30/Sep/2020

- -0.05 -1.40 7.54 4.15
Benchmark (%)

as of 30/Sep/2020

- 0.30 -0.92 7.80 4.36
  1y 3y 5y 10y Incept.
4.15 3.36 - - 2.70
Benchmark (%)

as of 30/Sep/2020

4.36 3.68 - - 2.94
  YTD 1m 3m 6m 1y 3y 5y 10y Incept.
3.54 -0.09 0.16 0.86 4.15 10.43 - - 12.29
Benchmark (%)

as of 30/Sep/2020

3.62 -0.11 0.11 0.78 4.36 11.46 - - 13.46
  2015 2016 2017 2018 2019
Total Return (%) - - 2.20 0.58 6.06
Benchmark (%) - - 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

Key Facts

Key Facts

Net Assets as of 22/Oct/2020 USD 1,072,202,545
Net Assets of Fund as of 22/Oct/2020 USD 2,497,554,127
Base Currency USD
Share Class Currency USD
Fund Launch Date 23/May/2016
Inception Date 23/May/2016
Asset Class Fixed Income
Total Expense Ratio 0.28%
Ongoing Charges Figures 0.28%
Product Structure Physical
Methodology Sampled
Domicile Ireland
UCITS Yes
Benchmark Index Bloomberg Barclays US Mortgage Backed Securities Index
Distribution Frequency Semi-Annual
Securities Lending Return -
ISA Eligibility Yes
SIPP Available Yes
UK Distributor/Reporting Status Yes
Rebalance Frequency Monthly
ISIN IE00BZ6V7883
Bloomberg Ticker IMBS LN
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 22/Oct/2020 215,037,849
Number of Holdings as of 21/Oct/2020 379
Benchmark Level as of 22/Oct/2020 USD 2,316.77
Benchmark Ticker LUMSTRUU
Distribution Yield as of 21/Oct/2020 2.78
Weighted Avg Coupon as of 22/Oct/2020 3.37
Fiscal Year End 31 May
Effective Duration as of 22/Oct/2020 2.22
Weighted Avg Maturity as of 22/Oct/2020 3.57
Standard Deviation (3y) as of 30/Sep/2020 2.26%
Weighted Average YTM as of 22/Oct/2020 1.20%

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.

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 22/Oct/2020
Ticker ISIN Name Sector Location Asset Class Nominal Market Value Weight (%) Price Exchange Maturity Coupon (%) Market Currency Duration Notional Value
as of 22/Oct/2020
Issuer Weight (%)
FEDERAL NATIONAL MORTGAGE ASSOCIATION 43.96
GOVERNMENT NATIONAL MORTGAGE ASSOCIATION II 23.20
FEDERAL HOME LOAN MORTGAGE CORPORATION 20.34
Issuer Weight (%)
FEDERAL HOME LOAN MORTGAGE CORPORATION -GOLD 4.22
UNIFORM MBS 3.90
GOVERNMENT NATIONAL MORTGAGE ASSOCIATION I 0.62
Issuer Ticker Name Asset Class Weight (%) Price Nominal Market Value Notional Value Sector ISIN Coupon (%) Maturity Exchange Location Market Currency Duration

The preliminary holdings of the fund are those taken prior to the start of each business day and are used to generate a daily static cash flow profile. This is determined by using a number of consistent assumptions which BlackRock believe to be appropriate in illustrating the cash flow profile of the fund for that day. The cash flow data is projected using the aggregated expected coupon and maturities of the individual bond holdings of the fund. Holdings and cashflows are subject to change and this information is not to be relied upon.

Exposure Breakdowns

Exposure Breakdowns

as of 22/Oct/2020

% of Market Value

Type Fund
as of 22/Oct/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 22/Oct/2020

% of Market Value

Type Fund
as of 22/Oct/2020

% of Market Value

Type Fund
as of 22/Oct/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