Fixed Income

BYLD

iShares Yield Optimized 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.
8.04 5.70 1.46 2.84 2.77
Market Price (%) 7.64 5.70 1.43 2.83 2.77
Benchmark (%) 7.96 5.61 1.27 2.69 2.62
After Tax Pre-Liq. (%) 5.68 3.69 -0.14 1.26 1.24
After Tax Post-Liq. (%) 4.71 3.48 0.41 1.47 1.44
  YTD 1m 3m 6m 1y 3y 5y 10y Incept.
4.37 1.73 2.28 4.37 8.04 18.10 7.51 32.34 35.81
Market Price (%) 4.37 1.71 2.22 4.37 7.64 18.08 7.37 32.19 35.72
Benchmark (%) 4.30 1.73 2.27 4.30 7.96 17.80 6.53 30.42 33.63
After Tax Pre-Liq. (%) 3.41 1.55 1.72 3.41 5.68 11.48 -0.71 13.39 14.74
After Tax Post-Liq. (%) 2.57 1.02 1.34 2.57 4.71 10.82 2.06 15.76 17.30
  2020 2021 2022 2023 2024
Total Return (%) 4.22 -1.06 -10.41 8.19 4.32
Market Price (%) 4.22 -1.25 -10.36 8.30 4.18
Benchmark (%) 4.30 -1.31 -10.72 7.94 4.29
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. Performance shown reflects fee waivers and/or expense reimbursements by the investment advisor to the fund for some or all of the periods shown. Performance would have been lower without such waivers.

Key Facts

Key Facts

Net Assets of Fund
as of Jul 17, 2025
$246,607,278
Exchange
NYSE Arca
Benchmark Index
Morningstar U.S. Bond Market Yield-Optimized Index
Shares Outstanding
as of Jul 17, 2025
11,000,000
Premium/Discount
as of Jul 17, 2025
-0.04
Closing Price
as of Jul 17, 2025
22.41
30 Day Median Bid/Ask Spread
as of Jul 17, 2025
0.09%
Fund Inception
Apr 22, 2014
Asset Class
Fixed Income
Bloomberg Index Ticker
BMYOT
Distribution Frequency
Monthly
CUSIP
46434V787
30 Day Avg. Volume
as of Jul 17, 2025
44,773.00
Daily Volume
as of Jul 17, 2025
26,294.00

Portfolio Characteristics

Portfolio Characteristics

Number of Holdings
as of Jul 16, 2025
11
30 Day SEC Yield
as of Jul 16, 2025
5.39%
Standard Deviation (3y)
as of Jun 30, 2025
5.93%
Average Yield to Maturity
as of Jul 16, 2025
5.80%
Weighted Avg Maturity
as of Jul 16, 2025
7.31 yrs
Convexity
as of Jul 16, 2025
0.36
Equity Beta (3y)
as of Jun 30, 2025
0.30
12m Trailing Yield
as of Jul 16, 2025
5.43%
Unsubsidized 30-Day SEC Yield
as of Jul 16, 2025
5.11%
Weighted Avg Coupon
as of -
-
Effective Duration
as of Jul 16, 2025
4.79 yrs
Option Adjusted Spread
as of Jul 16, 2025
139.47 bps
This information must be preceded or accompanied by a current prospectus. For standardized performance, please see the Performance section above.

Fees

Fees

as of current prospectus
Management Fee 0.28%
Acquired Fund Fees and Expenses 0.17%
Other Expenses 0.00%
Expense Ratio 0.45%
Fee Waivers 0.28%
Net Expense Ratio 0.17%

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

Ratings

Morningstar Medalist Rating

Morningstar Medalist Rating - SILVER
Morningstar has awarded the Fund a Silver medal. (Effective May 31, 2025)
Analyst-Driven % as of May 31, 2025
20.00
Data Coverage % as of May 31, 2025
98.00

Holdings

Holdings

as of Jul 16, 2025
Issuer Weight (%)
FEDERAL NATIONAL MORTGAGE ASSOCIATION 4.87
UNITED STATES TREASURY 4.48
FEDERAL HOME LOAN MORTGAGE CORPORATION 3.38
GOVERNMENT NATIONAL MORTGAGE ASSOCIATION II 2.34
JPMORGAN CHASE & CO 0.98
Issuer Weight (%)
TURKEY (REPUBLIC OF) 0.90
BANK OF AMERICA CORP 0.87
INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPMENT 0.85
GOLDMAN SACHS GROUP INC/THE 0.66
PETROLEOS MEXICANOS 0.62
Ticker 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
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 (%) Accrual Date Effective Date
Holdings are subject to change.

Where portfolio holdings include investments in a Fixed Income ETF, the associated Asset Class of the Fixed Income ETF held will be displayed as “Fixed Income.”


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. Notional value represents the portfolio's exposures based on the economic value of investments and options are delta-adjusted. 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 16, 2025

% of Market Value

Type Fund
as of Jul 16, 2025

% 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 16, 2025

% 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.

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.

READY TO INVEST?

READY TO INVEST?

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This fund does not seek to follow a sustainable, impact or ESG investment strategy. For more information regarding the fund's investment strategy, please see the fund's prospectus or, as applicable, shareholder report.

Literature

Literature