Fixed Income

EMBH

iShares Interest Rate Hedged Emerging Markets 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.
1.29 2.17 2.34 - 2.77
Market Price (%)

as of Dec 31, 2021

1.29 2.24 2.30 - 2.78
Benchmark (%)

as of Dec 31, 2021

2.03 2.39 2.64 - 3.02
After Tax Pre-Liq. (%)

as of Dec 31, 2021

0.26 0.84 0.81 - 1.19
After Tax Post-Liq. (%)

as of Dec 31, 2021

0.76 1.09 1.13 - 1.42
  YTD 1m 3m 6m 1y 3y 5y 10y Incept.
1.29 2.50 0.37 -0.51 1.29 6.65 12.25 - 19.25
Market Price (%)

as of Dec 31, 2021

1.29 2.67 0.45 -0.51 1.29 6.88 12.04 - 19.35
Benchmark (%)

as of Dec 31, 2021

2.03 2.40 0.05 -0.23 2.03 7.34 13.90 - 21.11
After Tax Pre-Liq. (%)

as of Dec 31, 2021

0.26 2.26 -0.03 -1.12 0.26 2.53 4.12 - 7.91
After Tax Post-Liq. (%)

as of Dec 31, 2021

0.76 1.48 0.21 -0.31 0.76 3.30 5.77 - 9.52
  2017 2018 2019 2020 2021
Total Return (%) 9.37 -3.77 8.20 -2.68 1.29
Market Price (%) 9.07 -3.89 8.47 -2.71 1.29
Benchmark (%) 10.08 -3.61 9.11 -3.57 2.03
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 Jan 21, 2022 $5,789,414
Fund Inception Jul 22, 2015
Exchange NYSE Arca
Asset Class Fixed Income
Benchmark Index BlackRock Interest Rate Hedged Emerging Markets Bond Index
Bloomberg Index Ticker EMIRHCRP
Shares Outstanding as of Jan 21, 2022 250,000
Distribution Frequency Monthly
Premium/Discount as of Jan 21, 2022 -0.12%
CUSIP 46431W820
Closing Price as of Jan 21, 2022 23.13
30 Day Avg. Volume as of Jan 21, 2022 1,128.00
30 Day Median Bid/Ask Spread as of Jan 21, 2022 0.26%
Daily Volume as of Jan 21, 2022 1,259.00

Click here to see how this fund compares to the underlying fund referenced in the Investment Objective above.

Portfolio Characteristics

Portfolio Characteristics

Number of Holdings as of Jan 21, 2022 1
Equity Beta (3y) as of Dec 31, 2021 0.61
30 Day SEC Yield as of Jan 21, 2022 3.68%
Average Yield to Maturity as of Jan 21, 2022 3.50%
Standard Deviation (3y) as of Dec 31, 2021 12.65%
12m Trailing Yield as of Jan 21, 2022 2.57%
Unsubsidized 30-Day SEC Yield as of Jan 21, 2022 3.02%
Modified Duration to Worst as of Jan 21, 2022 0.12
Weighted Avg Maturity as of Jan 21, 2022 13.50 yrs
Effective Duration as of Jan 21, 2022 0.17 yrs
Convexity as of Jan 21, 2022 -0.28
Option Adjusted Spread as of Jan 21, 2022 309.74 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.


The metrics are not indicative of how or whether ESG factors will be integrated into a fund. Unless otherwise stated in fund documentation and included within a fund’s investment objective, the metrics do not change a fund’s investment objective or constrain the fund’s investable universe, and there is no indication that an ESG or Impact focused investment strategy or exclusionary screens will be adopted by a fund. For more information regarding a 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 Jan 07, 2022 BB
MSCI ESG % Coverage as of Jan 07, 2022 94.43%
MSCI ESG Quality Score (0-10) as of Jan 07, 2022 3.3
MSCI ESG Quality Score - Peer Percentile as of Jan 07, 2022 50.48%
Fund Lipper Global Classification as of Jan 07, 2022 Bond Emerging Markets Global HC
Funds in Peer Group as of Jan 07, 2022 416
MSCI Weighted Average Carbon Intensity (Tons CO2E/$M SALES) as of Jan 07, 2022 1,520.48
MSCI Weighted Average Carbon Intensity % Coverage as of Jan 07, 2022 11.15%
All data is from MSCI ESG Fund Ratings as of Jan 07, 2022, based on holdings as of Nov 30, 2021. 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% 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. For newly launched funds, Sustainability Characteristics are typically available 6 months after launch.

Business Involvement

Business Involvement

Business Involvement metrics can help investors gain a more comprehensive view of specific activities in which a fund may be exposed through its investments.


Business Involvement metrics are not indicative of a fund’s investment objective, and, unless otherwise stated in fund documentation and included within a fund’s investment objective, do not change a fund’s investment objective or constrain the fund’s investable universe, and there is no indication that an ESG or Impact focused investment strategy or exclusionary screens will be adopted by a fund. For more information regarding a fund's investment strategy, please see the fund's prospectus.


Review the MSCI methodology behind the Business Involvement metrics, using links below.

MSCI - Controversial Weapons as of Jan 21, 2022 0.00%
MSCI - UN Global Compact Violators as of Jan 21, 2022 2.86%
MSCI - Nuclear Weapons as of Jan 21, 2022 0.00%
MSCI - Thermal Coal as of Jan 21, 2022 0.19%
MSCI - Civilian Firearms as of Jan 21, 2022 0.00%
MSCI - Oil Sands as of Jan 21, 2022 0.00%
MSCI - Tobacco as of Jan 21, 2022 0.00%

Business Involvement Coverage as of Jan 21, 2022 11.27%
Percentage of Fund not covered as of Jan 21, 2022 88.73%
BlackRock business involvement exposures as shown above for Thermal Coal and Oil Sands are calculated and reported for companies that generate more than 5% of revenue from thermal coal or oil sands as defined by MSCI ESG Research. For the exposure to companies that generate any revenue from thermal coal or oil sands (at a 0% revenue threshold), as defined by MSCI ESG Research, it is as follows: Thermal Coal 0.19% and for Oil Sands 1.02%.

Business Involvement metrics are calculated by BlackRock using data from MSCI ESG Research which provides a profile of each company’s specific business involvement. BlackRock leverages this data to provide a summed up view across holdings and translates it to a fund's market value exposure to the listed Business Involvement areas above.


Business Involvement metrics are designed only to identify companies where MSCI has conducted research and identified as having involvement in the covered activity. As a result, it is possible there is additional involvement in these covered activities where MSCI does not have coverage. This information should not be used to produce comprehensive lists of companies without involvement. Business Involvement metrics are only displayed if at least 1% of the fund’s gross weight includes securities covered by MSCI ESG Research.

Fees

Fees

as of current prospectus
Management Fee 0.75%
Acquired Fund Fees and Expenses 0.37%
Foreign Taxes and Other Expenses 0.00%
Expense Ratio 1.12%
Fee Waivers 0.65%
Net Expense Ratio 0.47%

Ratings

Holdings

Holdings

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 the fund holds futures, initial margin is reflected in the Cash Collateral USD UBSFT account. The daily variation margin is included in the fund’s USD Cash, and/or Money Market accounts. Both the USD Cash and Money Market accounts may also hold cash from normal portfolio activities.

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”). 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 Jan 21, 2022

% of Market Value

Type Fund
as of Jan 21, 2022

% 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 Jan 21, 2022

% 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.

Literature

Literature

 

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