Fixed Income

GNMA

iShares GNMA Bond ETF

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Overview

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Performance

Performance

Growth of Hypothetical $10,000

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Distributions

Record Date Ex-Date Payable Date
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Premium/Discount

  1y 3y 5y 10y Incept.
2.12 -2.58 -0.79 0.65 0.72
Market Price (%) 2.10 -2.55 -0.82 0.65 0.71
Benchmark (%) 2.22 -2.50 -0.66 0.83 0.97
After Tax Pre-Liq. (%) 0.53 -3.53 -1.61 -0.18 -0.03
After Tax Post-Liq. (%) 1.24 -2.35 -0.93 0.14 0.23
  YTD 1m 3m 6m 1y 3y 5y 10y Incept.
-0.96 1.03 0.12 -0.96 2.12 -7.55 -3.91 6.68 9.24
Market Price (%) -0.97 1.12 0.32 -0.97 2.10 -7.45 -4.03 6.74 9.21
Benchmark (%) -1.01 1.02 0.05 -1.01 2.22 -7.32 -3.27 8.59 12.67
After Tax Pre-Liq. (%) -1.66 0.89 -0.31 -1.66 0.53 -10.22 -7.78 -1.80 -0.40
After Tax Post-Liq. (%) -0.57 0.61 0.07 -0.57 1.24 -6.88 -4.58 1.44 2.91
  2019 2020 2021 2022 2023
Total Return (%) 5.77 3.55 -1.70 -10.89 5.33
Market Price (%) 5.92 3.51 -1.86 -10.82 5.33
Benchmark (%) 5.85 3.68 -1.45 -10.76 5.40
The performance quoted represents past performance and does not guarantee future results. Investment return and principal value of an investment will fluctuate so that an investor's shares, when sold or redeemed, may be worth more or less than the original cost. Current performance may be lower or higher than the performance quoted.

Key Facts

Key Facts

Net Assets of Fund
as of Jul 16, 2024
$314,229,754
Exchange
NASDAQ
Benchmark Index
Bloomberg U.S. GNMA Bond Index
Shares Outstanding
as of Jul 16, 2024
7,200,000
Premium/Discount
as of Jul 16, 2024
-0.06
Closing Price
as of Jul 16, 2024
43.62
30 Day Median Bid/Ask Spread
as of Jul 16, 2024
0.16%
Fund Inception
Feb 14, 2012
Asset Class
Fixed Income
Bloomberg Index Ticker
LGNMTRUU
Distribution Frequency
Monthly
CUSIP
46429B333
30 Day Avg. Volume
as of Jul 16, 2024
18,079.00
Daily Volume
as of Jul 16, 2024
13,775.00

Portfolio Characteristics

Portfolio Characteristics

Number of Holdings
as of Jul 15, 2024
278
30 Day SEC Yield
as of Jul 15, 2024
4.02%
Standard Deviation (3y)
as of Jun 30, 2024
7.79%
Average Yield to Maturity
as of Jul 15, 2024
5.07%
Weighted Avg Maturity
as of Jul 15, 2024
7.12 yrs
Convexity
as of Jul 15, 2024
-0.32
Equity Beta (3y)
as of Jun 30, 2024
0.31
12m Trailing Yield
as of Jul 15, 2024
3.87%
Unsubsidized 30-Day SEC Yield
as of Jul 15, 2024
4.02%
Weighted Avg Coupon
as of Jul 15, 2024
3.51
Effective Duration
as of Jul 15, 2024
5.26 yrs
Option Adjusted Spread
as of Jul 15, 2024
35.71 bps
This information must be preceded or accompanied by a current prospectus. For standardized performance, please see the Performance section above.

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.

Fees

Fees

as of current prospectus
Management Fee 0.10%
Acquired Fund Fees and Expenses 0.01%
Other Expenses 0.00%
Expense Ratio 0.11%
Fee Waivers 0.01%
Net Expense Ratio 0.10%

The amounts shown above are as of the current prospectus, but may not include extraordinary expenses incurred by the Fund over the past fiscal year. Amounts are rounded to the nearest basis point, which in some cases may be "0.00".

Holdings

Holdings

as of Jul 15, 2024
Issuer Weight (%)
GOVERNMENT NATIONAL MORTGAGE ASSOCIATION II 88.90
Issuer Weight (%)
GOVERNMENT NATIONAL MORTGAGE ASSOCIATION I 9.99
Name Sector Asset Class Market Value Weight (%) Notional Value Par Value CUSIP ISIN SEDOL Location Exchange Currency Duration YTM (%) FX Rate Maturity Coupon (%) Mod. Duration Yield to Call (%) Yield to Worst (%) Real Duration Real YTM (%) Market Currency Accrual Date Effective Date
Most transactions in fixed-rate mortgage pass-through securities occur through the use of "to-be-announced" or "TBA" transactions. The Fund regularly enters into TBA agreements. The Fund invests cash pending settlement of any TBA transactions in money market instruments, repurchase agreements or other high-quality, liquid short-term instruments, including money market funds advised by BFA, which are not included in the holdings shown.

Holdings are subject to change.



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”). Holdings data shown reflects the investment book of record, which may differ from the accounting book of record used for the purposes of determining the Net Assets of the Fund. 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 Jul 15, 2024

% of Market Value

Type Fund
as of Jul 15, 2024

% 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 Jul 15, 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.

Price Yield Calculator

Price Yield Calculator

The calculator provides clients with an indication of an ETF's yield and duration for a given market price. The ACF Yield is the discount rate that equates the ETF's aggregate cash flows (i.e., the sum of the cash flows of the ETF's holdings) to a given ETF price. The cash flows are based on the yield to worst methodology in which a bond's cash flows are assumed to occur at the call date (if applicable) or maturity, whichever results in the lowest yield for that bond holding. For a given ETF price, this calculator will estimate the corresponding ACF Yield and spread to the relevant government reference security yield. Note that the ACF Yield will differ from the ETF's Weighted Avg YTM. For more information on Aggregate Cash Flow Yield, see info here.

As of 07/16/24
Price $43.62
5.03%
Modified Duration 5.27 years

Spread of ACF Yield (5.03%) over 7.00 yr Treasury Yield (4.16%) As of 07/16/24 is + 87 bps

Results generated are for illustrative purposes only and are not representative of any specific investment outcome. For standardized performance, please see the Performance section above.

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Literature

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