Fixed Income

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iShares J.P. Morgan EM Local Currency 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.
7.68 -4.63 -1.02 -1.13 -0.49
Market Price (%) 7.22 -4.82 -1.11 -1.14 -0.51
Benchmark (%) 8.28 -4.30 -0.67 -0.62 -0.03
After Tax Pre-Liq. (%) 7.21 -5.33 -1.80 -1.74 -1.14
After Tax Post-Liq. (%) 4.65 -3.73 -1.05 -1.06 -0.57
  YTD 1m 3m 6m 1y 3y 5y 10y Incept.
7.68 3.16 6.66 1.09 7.68 -13.27 -4.99 -10.70 -5.79
Market Price (%) 7.22 3.29 6.85 0.53 7.22 -13.78 -5.44 -10.81 -6.04
Benchmark (%) 8.28 1.47 5.21 1.21 8.28 -12.35 -3.31 -6.00 -0.30
After Tax Pre-Liq. (%) 7.21 2.70 6.19 0.64 7.21 -15.16 -8.66 -16.14 -13.02
After Tax Post-Liq. (%) 4.65 1.97 4.05 0.75 4.65 -10.77 -5.12 -10.10 -6.77
  2019 2020 2021 2022 2023
Total Return (%) 6.70 2.67 -10.01 -10.50 7.68
Market Price (%) 6.42 3.05 -9.91 -10.73 7.22
Benchmark (%) 6.84 3.25 -9.72 -10.33 8.28
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.

 

Effective January 14, 2021, all iShares fixed income ETFs will migrate from using 3pm ET security prices to 4pm ET security prices in the NAV calculation. This change does not affect the investment strategies or liquidity of iShares ETFs, but may result in temporary tracking error as the index is currently using 3pm security prices.

Key Facts

Key Facts

Net Assets of Fund as of Mar 04, 2024 $477,032,052
Fund Inception Oct 18, 2011
Exchange NYSE Arca
Asset Class Fixed Income
Benchmark Index J.P. Morgan GBI-EM Global Diversified 15% Cap 4.5% Floor Index
Bloomberg Index Ticker GBIE1545
Shares Outstanding as of Mar 04, 2024 13,200,000
Distribution Frequency Annual
Premium/Discount as of Mar 01, 2024 -0.07
CUSIP 464286517
Closing Price as of Mar 01, 2024 36.14
30 Day Avg. Volume as of Mar 01, 2024 75,229.00
30 Day Median Bid/Ask Spread as of Mar 01, 2024 0.06%
Daily Volume as of Mar 01, 2024 22,351.00

Portfolio Characteristics

Portfolio Characteristics

Number of Holdings as of Mar 01, 2024 327
Equity Beta (3y) as of Jan 31, 2024 0.28
30 Day SEC Yield as of Mar 01, 2024 6.37%
12m Trailing Yield as of Mar 01, 2024 1.36%
Standard Deviation (3y) as of Jan 31, 2024 9.08%
Unsubsidized 30-Day SEC Yield as of Mar 01, 2024 6.37%
Average Yield to Maturity as of Mar 01, 2024 6.90%
Weighted Avg Coupon as of Mar 01, 2024 6.04
Weighted Avg Maturity as of Mar 01, 2024 6.91 yrs
Effective Duration as of Mar 01, 2024 4.88 yrs
Convexity as of Mar 01, 2024 0.45
Option Adjusted Spread as of Mar 01, 2024 51.24 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

Sustainability Characteristics provide investors with specific non-traditional metrics. Alongside other metrics and information, these enable investors to evaluate funds on certain environmental, social and governance characteristics. Sustainability Characteristics do not provide an indication of current or future performance nor do they represent the potential risk and reward profile of a fund. They are provided for transparency and for information purposes only. Sustainability Characteristics should not be considered solely or in isolation, but instead are one type of information that investors may wish to consider when assessing a fund. Learn more


This fund does not seek to follow a sustainable, impact or ESG investment strategy. The metrics do not change the fund’s investment objective or constrain the fund’s investable universe, and there is no indication that a sustainable, impact or ESG investment strategy will be adopted by the fund. For more information regarding the fund's investment strategy, please see the fund's prospectus.


Review the MSCI methodologies behind Sustainability Characteristics using the links below.

MSCI ESG Fund Rating (AAA-CCC) as of Feb 21, 2024 BBB
MSCI ESG % Coverage as of Feb 21, 2024 99.06%
MSCI ESG Quality Score (0-10) as of Feb 21, 2024 4.7
MSCI ESG Quality Score - Peer Percentile as of Feb 21, 2024 38.61%
Fund Lipper Global Classification as of Feb 21, 2024 Bond Emerging Markets Global LC
Funds in Peer Group as of Feb 21, 2024 259
MSCI Weighted Average Carbon Intensity (Tons CO2E/$M SALES) as of - -
MSCI Weighted Average Carbon Intensity % Coverage as of Feb 21, 2024 0.00%
All data is from MSCI ESG Fund Ratings as of Feb 21, 2024, based on holdings as of Jan 31, 2024. As such, the fund’s sustainable characteristics may differ from MSCI ESG Fund Ratings from time to time.

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.

Fees

Fees

as of current prospectus
Management Fee 0.30%
Acquired Fund Fees and Expenses 0.00%
Other Expenses 0.00%
Expense Ratio 0.30%

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".

Ratings

Holdings

Holdings

as of Mar 01, 2024
Issuer Weight (%)
CHINA PEOPLES REPUBLIC OF (GOVERNMENT) 14.52
MEXICO (UNITED MEXICAN STATES) (GOVERNMENT) 6.80
INDONESIA (REPUBLIC OF) 6.29
BRAZIL FEDERATIVE REPUBLIC OF (GOVERNMENT) 5.48
MALAYSIA (GOVERNMENT) 5.38
Issuer Weight (%)
THAILAND KINGDOM OF (GOVERNMENT) 4.70
URUGUAY (ORIENTAL REPUBLIC OF) 4.42
DOMINICAN REPUBLIC (GOVERNMENT) 4.39
SOUTH AFRICA (REPUBLIC OF) 4.28
PERU (REPUBLIC OF) 4.27
Name Sector Asset Class Market Value Weight (%) Notional Value Par Value CUSIP ISIN SEDOL Price 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
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 Mar 01, 2024

% of Market Value

Type Fund
as of Mar 01, 2024

% 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, excluding currency holdings. Percentages do not reflect fair valuation. In some instances, percentages may reflect the location where the issuer of the securities carries out much of their business. Bonds are included in U.S. bond indices when the securities are denominated in U.S. dollars regardless of the domicile of the issuer.
as of Mar 01, 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 Mar 01, 2024

% of Market Value

Type Fund
as of Mar 01, 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 03/01/24
Price $36.14
7.22%
Modified Duration 4.83 years

Spread of ACF Yield (7.22%) over 7.00 yr Treasury Yield (4.19%) As of 03/01/24 is + 303 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.

Literature

Literature

 

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