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GVI

iShares Intermediate Government/Credit Bond ETF

Fixed Income

GVI

iShares Intermediate Government/Credit Bond ETF

How To Buy
  • Fees as stated in the prospectus Expense Ratio: 0.20%

Overview

Why GVI?

1. Exposure to U.S. government and investment grade corporate bonds that mature in 1-10 years

 

2. Targeted access to a specific segment of the domestic credit market, which includes Treasuries, government-related bonds, and corporate bonds

 

3. Use to seek stability and pursue income

INVESTMENT OBJECTIVE

The iShares Intermediate Government/Credit Bond ETF seeks to track the investment results of an index composed of U.S. dollar-denominated government, government-related and investment-grade U.S. corporate bonds with remaining maturities between one and ten years.
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Performance

Performance

  • Returns

  1y 3y 5y 10y Incept.
Total Return (%) Total return represents changes to the NAV and accounts for distributions from the fund.

as of Dec 31, 2019

6.64 3.07 2.39 2.85 3.53
Market Price (%) Market price return represents changes to the midpoint price and accounts for distributions from the fund. The midpoint is the average of the bid-ask prices at 4:00 PM ET (when NAV is normally determined for most funds).

as of Dec 31, 2019

6.53 3.01 2.36 2.83 3.52
Benchmark (%) Index: Bloomberg Barclays U.S. Intermediate Government/Credit Bond Index

as of Dec 31, 2019

6.80 3.24 2.57 3.05 3.68
After Tax Pre-Liq. (%) Return after taxes on distributions. Assumes fund shares have not been sold.

as of Dec 31, 2019

5.64 2.16 1.54 2.00 2.53
After Tax Post-Liq. (%) Return after taxes on distributions and sale of fund shares.

as of Dec 31, 2019

3.92 1.94 1.44 1.84 2.34
  YTD 1m 3m 6m 1y 3y 5y 10y Incept.
Total Return (%) Total return represents changes to the NAV and accounts for distributions from the fund.

as of Dec 31, 2019

6.64 0.12 0.34 1.69 6.64 9.49 12.51 32.51 56.87
Market Price (%) Market price return represents changes to the midpoint price and accounts for distributions from the fund. The midpoint is the average of the bid-ask prices at 4:00 PM ET (when NAV is normally determined for most funds).

as of Dec 31, 2019

6.53 0.01 0.27 1.67 6.53 9.30 12.35 32.17 56.74
Benchmark (%) Index: Bloomberg Barclays U.S. Intermediate Government/Credit Bond Index

as of Dec 31, 2019

6.80 0.13 0.37 1.75 6.80 10.04 13.53 35.11 59.99
After Tax Pre-Liq. (%) Return after taxes on distributions. Assumes fund shares have not been sold.

as of Dec 31, 2019

5.64 -0.04 0.03 1.14 5.64 6.62 7.93 21.88 38.33
After Tax Post-Liq. (%) Return after taxes on distributions and sale of fund shares.

as of Dec 31, 2019

3.92 0.07 0.20 1.00 3.92 5.94 7.43 20.04 35.01
  2015 2016 2017 2018 2019
Total Return (%) Total return represents changes to the NAV and accounts for distributions from the fund. 0.85 1.89 1.96 0.70 6.64
Market Price (%) Market price return represents changes to the midpoint price and accounts for distributions from the fund. The midpoint is the average of the bid-ask prices at 4:00 PM ET (when NAV is normally determined for most funds). 0.78 1.99 1.77 0.82 6.53
Benchmark (%) Index: Bloomberg Barclays U.S. Intermediate Government/Credit Bond Index 1.07 2.08 2.14 0.88 6.80
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.

Growth of Hypothetical $10,000 The growth of hypothetical $10,000 chart reflects a hypothetical $10,000 investment and assumes reinvestment of dividends and capital gains. Fund expenses, including management fees and other expenses were deducted.

Performance chart data not available for display.
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The Hypothetical Growth of $10,000 chart reflects a hypothetical $10,000 investment and assumes reinvestment of dividends and capital gains. Fund expenses, including management fees and other expenses were deducted.

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, and numbers may reflect small variances due to rounding. Standardized performance and performance data current to the most recent month end may be found in the Performance section.

Distributions

Ex-Date Total Distribution Income
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Distributions Schedule
Record Date Ex-Date Payable Date Total Distribution Current year distributions are not classified as “Income,” “Short-Term Capital Gains,” “Long-Term Capital Gains,” or “Return of Capital” until calendar year-end. Income ST Cap Gains LT Cap Gains Return of Capital

Premium/Discount

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Key Facts

Key Facts

Net Assets as of Jan 21, 2020 $2,096,026,017
Inception Date Jan 05, 2007
Exchange Cboe BZX formerly known as BATS
Asset Class Fixed Income
Benchmark Index Bloomberg Barclays U.S. Intermediate Government/Credit Bond Index
Bloomberg Index Ticker LF97TRUU
Shares Outstanding as of Jan 21, 2020 18,500,000
Number of Holdings The number of holdings in the fund excluding cash positions and derivatives such as futures and currency forwards. as of Jan 17, 2020 3,411
Premium/Discount The amount the Fund is trading above or below the reported NAV expressed as a percentage of the NAV. When the fund's market price is greater than the fund’s NAV, it is said to be trading at a "Premium" and the percentage is expressed as a positive number. When the fund's market price is less than the fund’s NAV, it is said to be trading at a "Discount" and the percentage is expressed as a negative number. as of Jan 21, 2020 0.05%
CUSIP 464288612
Closing Price as of Jan 21, 2020 113.36
Mid-Point Price The midpoint between the highest bid and the lowest offer on the listing exchange, as of the time that the Fund's NAV is calculated (usually 4:00 pm eastern time for most funds). as of Jan 21, 2020 113.36
Options Available Yes
20 Day Avg. Volume The average number of shares traded in a security across all U.S. exchanges over the last 20 trading days. as of Jan 21, 2020 87,846.30
Daily Volume The number of shares traded in a security across all U.S. exchanges on the date indicated. as of Jan 21, 2020 40,543.00
NAIC Designated (Schedule D Eligible)

Portfolio Characteristics

Portfolio Characteristics

Equity Beta (3y) Beta is a measure of the tendency of securities to move with the market as a whole. A beta of 1 indicates that the security&#39;s price will move with the market. A beta less than 1 indicates the security tends to be less volatile than the market, while a beta greater than 1 indicates the security is more volatile than the market.<br/><br/>Calculated vs. S&amp;P 500 as of Dec 31, 2019 -0.03
Standard Deviation (3y) Standard deviation measures how dispersed returns are around the average. A higher standard deviation indicates that returns are spread out over a larger range of values and thus, more volatile. as of Dec 31, 2019 2.06%
12m Trailing Yield The yield an investor would have received if they had held the fund over the last twelve months assuming the most recent NAV. The 12-Month yield is calculated by assuming any income distributions over the past twelve months and dividing by the sum of the most recent NAV and any capital gain distributions made over the past twelve months. as of Jan 20, 2020 2.28%
30 Day SEC Yield A standard calculation of yield introduced by the SEC in order to provide fairer comparison among funds. This yield reflects the interest earned after deducting the fund&#39;s expenses during the most recent 30-day period by the average investor in the fund. Negative 30-Day SEC Yield results when accrued expenses of the past 30 days exceed the income collected during the past 30 days. as of Jan 20, 2020 1.74%
Weighted Avg Coupon The average coupon rate of the underlying bonds in the fund, weighted by each bond&#39;s face value. as of Jan 17, 2020 2.73%
Effective Duration Effective Duration measures the sensitivity of the price of a bond with or without embedded options to changes in interest rates, taking into account the likelihood of the bond being called, put and/or sunk prior to its final maturity date while incorporating after-tax impacts on the bond. The options-based duration model used by BlackRock employs certain assumptions and may differ from other fund complexes. Effective Duration is measured at the individual bond level, aggregated to the portfolio level, and adjusted for leverage, hedging transactions and non-bond holdings, including derivatives. as of Jan 17, 2020 3.88 yrs
Weighted Avg Maturity 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 Jan 17, 2020 4.23 yrs
Convexity Convexity measures the change in duration for a given change in rates. Positive convexity indicates that duration lengthens when rates fall and contracts when rates rise; negative convexity indicates that duration contracts when rates fall and increases when rates rise. as of Jan 17, 2020 0.22
Option Adjusted Spread The weighted average incremental yield earned over similar duration US Treasuries, measured in basis points. This metric considers the likelihood that bonds will be called or prepaid before the scheduled maturity date. as of Jan 17, 2020 24
Average Yield to Maturity The discount rate that equates the present value of a bond’s cash flows with its market price (including accrued interest). The Fund Average Yield to Maturity is the weighted average of the fund’s individual bond holding yields based on Net Asset Value (‘NAV’). The measure does not include fees and expenses. For callable bonds, this yield is the yield-to-worst. as of Jan 17, 2020 1.89%
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