Fixed Income

ISTB

iShares Core 1-5 Year USD Bond ETF

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.
4.60 3.44 2.90 - 2.17
Market Price (%) 4.67 3.41 2.86 - 2.19
Benchmark (%) 4.70 3.51 2.97 2.25 2.27
After Tax Pre-Liq. (%) 3.56 2.37 1.93 - 1.41
After Tax Post-Liq. (%) 2.71 2.16 1.78 - 1.32
  YTD 1m 3m 6m 1y 3y 5y 10y Incept.
3.89 -0.08 0.74 3.36 4.60 10.67 15.36 - 18.62
Market Price (%) 3.90 -0.10 0.68 3.40 4.67 10.57 15.15 - 18.78
Benchmark (%) 3.97 -0.08 0.76 3.39 4.70 10.89 15.74 24.93 19.54
After Tax Pre-Liq. (%) 3.22 -0.15 0.52 2.88 3.56 7.29 10.00 - 11.75
After Tax Post-Liq. (%) 2.30 -0.05 0.44 1.99 2.71 6.63 9.24 - 10.99
  2015 2016 2017 2018 2019
Total Return (%) 0.84 2.65 1.83 1.18 5.53
Market Price (%) 0.69 2.59 1.76 1.04 5.58
Benchmark (%) 0.92 2.77 1.90 1.22 5.58
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 as of Nov 27, 2020 $4,720,007,829
Inception Date Oct 18, 2012
Exchange NASDAQ
Asset Class Fixed Income
Benchmark Index Bloomberg Barclays U.S. Universal 1-5 Year Index
Bloomberg Index Ticker BUH1TRUU
Shares Outstanding as of Nov 27, 2020 91,600,000
Premium/Discount as of Nov 27, 2020 0.14%
CUSIP 46432F859
Closing Price as of Nov 27, 2020 51.60
Options Available No
30 Day Avg. Volume as of Nov 27, 2020 505,061.00
30 Day Median Bid/Ask Spread as of Nov 27, 2020 0.02%
Daily Volume as of Nov 27, 2020 259,198.00

Portfolio Characteristics

Portfolio Characteristics

Number of Holdings as of Nov 25, 2020 4,757
Equity Beta (3y) as of Oct 31, 2020 0.03
30 Day SEC Yield as of Nov 25, 2020 0.98%
Average Yield to Maturity as of Nov 25, 2020 0.95%
Standard Deviation (3y) as of Oct 31, 2020 1.70%
12m Trailing Yield as of Nov 25, 2020 2.31%
Weighted Avg Coupon as of Nov 25, 2020 2.82%
Effective Duration as of Nov 25, 2020 2.62 yrs
Weighted Avg Maturity as of Nov 25, 2020 2.78 yrs
Convexity as of Nov 25, 2020 0.01
Option Adjusted Spread as of Nov 25, 2020 70
This information must be preceded or accompanied by a current prospectus. For standardized performance, please see the Performance section above.

Sustainability Characteristics

Sustainability Characteristics

ESG metrics help investors evaluate companies based on environmental, social, and governance risks and opportunities — and the companies’ ability to manage them. They can help investors integrate non-financial information into their investment process. Learn more.

MSCI ESG Rating as of Nov 01, 2020 A
MSCI ESG Quality Score as of Nov 01, 2020 5.8
MSCI ESG Quality Score - Peer Percentile as of Nov 01, 2020 47.06%
MSCI ESG % Coverage as of Nov 01, 2020 88.53%
Fund Lipper Global Classification as of Nov 01, 2020 Bond USD Medium Term
MSCI Weighted Average Carbon Intensity
(Tons CO2E/$M SALES) as of Nov 01, 2020
222.44
Fund Lipper Global Classification Size as of Nov 01, 2020 170
All data is from MSCI ESG Fund Ratings as of Nov 01, 2020, based on holdings as of Aug 31, 2020.

For newly launched funds, sustainability characteristics are typically available 6 months after launch.

 

Sustainability Characteristics are displayed for funds included in the MSCI ESG Fund Ratings. 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.

 

Inclusion of Sustainability Characteristics is not indicative of a fund’s investment objective, nor is it an implication that a fund employs an ESG-related portfolio management strategy.

Fees

Fees

as of current prospectus
Management Fee 0.06%
Acquired Fund Fees and Expenses 0.00%
Foreign Taxes and Other Expenses 0.00%
Expense Ratio 0.06%

Holdings

Holdings

as of Nov 25, 2020
Issuer Weight (%)
UNITED STATES TREASURY 44.92
UNIFORM MBS 2.78
FEDERAL NATIONAL MORTGAGE ASSOCIATION 2.54
FEDERAL HOME LOAN MORTGAGE CORPORATION 1.98
BANK OF AMERICA CORP 0.77
Issuer Weight (%)
INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPMENT 0.60
KFW 0.56
EUROPEAN INVESTMENT BANK 0.55
JPMORGAN CHASE & CO 0.50
GOLDMAN SACHS GROUP INC/THE 0.44
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
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.

Non-U.S. securities whose values are affected by volatility that occurs in global markets or in related or highly correlated assets (e.g., American Depositary Receipts, Global Depositary Receipts or substantially identical ETFs) on a trading day after the close of non-U.S. securities markets may be fair valued. On days where non-U.S. securities markets are closed, BlackRock Fund Advisors, an affiliate of BlackRock Investments, LLC, will determine the fair value of the stocks traded on that local market, in accordance with policies and procedures approved by the Fund’s Board of Directors/Trustees. Fair value adjustments may be calculated by referring to instruments and markets that have continued to trade, such as exchange-traded funds, correlated stock market indices or index futures. 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 Nov 25, 2020

% 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 Nov 25, 2020

% of Market Value

Type Fund
as of Nov 25, 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.

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 11/27/20
Price $51.60
0.98%
Modified Duration 2.64 years

Spread of ACF Yield (0.98%) over 3.00 yr Treasury Yield (0.21%) As of 11/27/20 is + 77 bps

Results generated are for illustrative purposes only and are not representative of any specific investments outcome. For standardized performance, please click the ‘returns’ tab above.

Literature

Literature

 

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