Fixed Income

IMBS

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: 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

Chart

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Distributions

Record Date Ex-Date Payable Date
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This chart shows the fund's performance as the percentage loss or gain per year over the last 7 years.

  2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Total Return (%) 2.2 0.6 6.1 3.8 -1.6 -12.1 4.7
Benchmark (%) 2.5 1.0 6.4 3.9 -1.0 -11.8 5.0
  From
30-Sept-2019
To
30-Sept-2020
From
30-Sept-2020
To
30-Sept-2021
From
30-Sept-2021
To
30-Sept-2022
From
30-Sept-2022
To
30-Sept-2023
From
30-Sept-2023
To
30-Sept-2024
Total Return (%)

as of 30/Sept/2024

4.15 -0.82 -14.28 -0.47 11.96
Benchmark (%)

as of 30/Sept/2024

4.36 -0.43 -13.98 -0.17 12.32
  1y 3y 5y 10y Incept.
11.96 -1.51 -0.27 - 0.74
Benchmark (%) 12.32 -1.20 0.04 - 1.03
  YTD 1m 3m 6m 1y 3y 5y 10y Incept.
4.34 1.18 5.49 5.52 11.96 -4.47 -1.32 - 6.39
Benchmark (%) 4.50 1.19 5.53 5.60 12.32 -3.55 0.22 - 8.96

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 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 04/Oct/2024
USD 804,077,366
Inception Date
23/May/2016
Share Class Currency
USD
Asset Class
Fixed Income
SFDR Classification
Other
Total Expense Ratio
0.28%
Distribution Frequency
Semi-Annual
Domicile
Ireland
Rebalance Frequency
Monthly
UCITS
Yes
Fund Manager
BlackRock Asset Management Ireland Limited
Custodian
State Street Custodial Services (Ireland) Limited
Bloomberg Ticker
IMBS LN
ISA Eligibility
Yes
Net Assets of Fund
as of 04/Oct/2024
USD 2,514,810,085
Fund Launch Date
23/May/2016
Base Currency
USD
Benchmark Index
Bloomberg US Mortgage Backed Securities Index
Shares Outstanding
as of 04/Oct/2024
191,473,481
ISIN
IE00BZ6V7883
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
SIPP Available
Yes
UK Reporting Status
Yes

Portfolio Characteristics

Portfolio Characteristics

Number of Holdings
as of 04/Oct/2024
504
Benchmark Ticker
LUMSTRUU
Standard Deviation (3y)
as of 30/Sept/2024
8.35%
Weighted Average YTM
as of 04/Oct/2024
4.72%
Weighted Avg Maturity
as of 04/Oct/2024
7.28
Benchmark Level
as of 04/Oct/2024
USD 2,203.46
12 Month Trailing Dividend Distribution Yield
as of 03/Oct/2024
3.33%
3y Beta
as of 30/Sept/2024
0.996
Weighted Avg Coupon
as of 04/Oct/2024
3.17
Effective Duration
as of 04/Oct/2024
5.38

Ratings

Registered Locations

Registered Locations

  • Austria

  • Belgium

  • Czech Republic

  • Denmark

  • Finland

  • France

  • Germany

  • Hungary

  • Ireland

  • Italy

  • Liechtenstein

  • Luxembourg

  • Netherlands

  • Norway

  • Poland

  • Portugal

  • Saudi Arabia

  • Slovak Republic

  • Spain

  • Sweden

  • Switzerland

  • United Kingdom

Holdings

Holdings

as of 04/Oct/2024
Issuer Weight (%)
FEDERAL NATIONAL MORTGAGE ASSOCIATION 41.46
FEDERAL HOME LOAN MORTGAGE CORPORATION 29.41
GOVERNMENT NATIONAL MORTGAGE ASSOCIATION II 21.83
Issuer Weight (%)
UNIFORM MBS 3.93
GOVERNMENT NATIONAL MORTGAGE ASSOCIATION I 1.37
FEDERAL HOME LOAN MORTGAGE CORPORATION -GOLD 0.88
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

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 04/Oct/2024

% of Market Value

Type Fund
as of 04/Oct/2024

% of Market Value

Type Fund
as of 04/Oct/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
London Stock Exchange IMBS USD 25/May/2016 BYZJCH0 IMBS LN IMBS.L
Deutsche Boerse Xetra QDVP EUR 27/May/2016 BZ6V788 QDVP GY QDVP.DE
London Stock Exchange SMBS GBP 25/May/2016 BYZJCG9 SMBS LN SMBS.L
Bolsa Mexicana De Valores IMBS MXN 07/Apr/2017 BYWVH96 IMBSN MM -
SIX Swiss Exchange IMBS USD 22/Aug/2016 BZC0HS9 IMBS SW IMBS.S

Literature

Literature