Fixed Income

EUSB

iShares ESG Advanced Total USD Bond Market ETF

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Overview

SUSTAINABLE SCREENS

As part of its investment objective this fund seeks to track an index that applies the following business involvement screens: adult entertainment, alcohol, civilian firearms, conventional weapons, controversial weapons, for profit prisons, fossil fuels, gambling, genetically modified organisms (GMOs), nuclear power, nuclear weapons, palm oil, predatory lending and tobacco. The business involvement screens are based on revenue or percentage of revenue thresholds for certain categories and categorical exclusions for others. Please read the definition for each screen here.

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Performance

Performance

Growth of Hypothetical $10,000

Performance chart data not available for display.
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Distributions

Record Date Ex-Date Payable Date
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Premium/Discount

  1y 3y 5y 10y Incept.
-10.35 - - - -5.10
Market Price (%) -10.29 - - - -5.03
Benchmark (%) -10.29 - - - -4.96
After Tax Pre-Liq. (%) -10.84 - - - -5.55
After Tax Post-Liq. (%) -6.10 - - - -4.02
  YTD 1m 3m 6m 1y 3y 5y 10y Incept.
-10.29 -1.79 -4.69 -10.29 -10.35 - - - -10.04
Market Price (%) -10.39 -1.26 -4.88 -10.39 -10.29 - - - -9.91
Benchmark (%) -10.34 -1.77 -4.64 -10.34 -10.29 - - - -9.76
After Tax Pre-Liq. (%) -10.54 -1.86 -4.88 -10.54 -10.84 - - - -10.90
After Tax Post-Liq. (%) -6.08 -1.06 -2.78 -6.08 -6.10 - - - -7.97
  2017 2018 2019 2020 2021
Total Return (%) - - - - -1.49
Market Price (%) - - - - -1.27
Benchmark (%) - - - - -1.24
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.

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Key Facts

Key Facts

Net Assets of Fund as of Aug 10, 2022 $797,905,294
Fund Inception Jun 23, 2020
Exchange NYSE Arca
Asset Class Fixed Income
Benchmark Index Bloomberg MSCI US Universal Choice ESG Screened Index
Bloomberg Index Ticker I35573US
Shares Outstanding as of Aug 10, 2022 17,900,000
Distribution Frequency Monthly
Premium/Discount as of Aug 09, 2022 0.10
CUSIP 46436E619
Closing Price as of Aug 10, 2022 44.65
30 Day Avg. Volume as of Aug 09, 2022 84,914.00
30 Day Median Bid/Ask Spread as of Aug 09, 2022 0.09%
Daily Volume as of Aug 10, 2022 61,715.00

Portfolio Characteristics

Portfolio Characteristics

Number of Holdings as of Aug 09, 2022 3,991
Equity Beta (3y) as of - -
30 Day SEC Yield as of Aug 09, 2022 3.40%
12m Trailing Yield as of Aug 09, 2022 1.61%
Standard Deviation (3y) as of - -
Unsubsidized 30-Day SEC Yield as of Aug 09, 2022 3.40%
Average Yield to Maturity as of Aug 09, 2022 3.82%
Weighted Avg Coupon as of Aug 09, 2022 2.47
Weighted Avg Maturity as of Aug 09, 2022 8.05 yrs
Effective Duration as of Aug 09, 2022 6.08 yrs
Convexity as of Aug 09, 2022 0.45
Option Adjusted Spread as of Aug 09, 2022 67.93 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 seeks to follow a sustainable, impact or ESG investment strategy, as disclosed in its prospectus. 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 Jul 21, 2022 AA
MSCI ESG % Coverage as of Jul 21, 2022 76.05%
MSCI ESG Quality Score (0-10) as of Jul 21, 2022 7.2
MSCI ESG Quality Score - Peer Percentile as of Jul 21, 2022 71.88%
Fund Lipper Global Classification as of Jul 21, 2022 Bond USD
Funds in Peer Group as of Jul 21, 2022 192
MSCI Weighted Average Carbon Intensity (Tons CO2E/$M SALES) as of Jul 21, 2022 58.76
MSCI Weighted Average Carbon Intensity % Coverage as of Jul 21, 2022 32.44%
All data is from MSCI ESG Fund Ratings as of Jul 21, 2022, based on holdings as of Jun 30, 2022. 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. 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 Aug 09, 2022 0.00%
MSCI - UN Global Compact Violators as of Aug 09, 2022 0.00%
MSCI - Nuclear Weapons as of Aug 09, 2022 0.00%
MSCI - Thermal Coal as of Aug 09, 2022 0.00%
MSCI - Civilian Firearms as of Aug 09, 2022 0.00%
MSCI - Oil Sands as of Aug 09, 2022 0.00%
MSCI - Tobacco as of Aug 09, 2022 0.00%

Business Involvement Coverage as of Aug 09, 2022 31.06%
Percentage of Fund not covered as of Aug 09, 2022 68.94%
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 0.00% and for Oil Sands 0.00%.

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 0.12%
Acquired Fund Fees and Expenses 0.01%
Foreign Taxes and Other Expenses 0.00%
Expense Ratio 0.13%
Fee Waivers 0.01%
Net Expense Ratio 0.12%

Ratings

Holdings

Holdings

as of Aug 09, 2022
Issuer Weight (%)
UNITED STATES TREASURY 35.95
FEDERAL NATIONAL MORTGAGE ASSOCIATION 10.36
GOVERNMENT NATIONAL MORTGAGE ASSOCIATION II 5.62
FEDERAL HOME LOAN MORTGAGE CORPORATION 4.17
UNIFORM MBS 3.47
Issuer Weight (%)
MORGAN STANLEY 0.86
VERIZON COMMUNICATIONS INC 0.72
INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPMENT 0.67
EUROPEAN INVESTMENT BANK 0.49
HSBC HOLDINGS PLC 0.48
Name Sector Asset Class Market Value Weight (%) Notional Value Par Value CUSIP ISIN SEDOL 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”). 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 Aug 09, 2022

% of Market Value

Type Fund
as of Aug 09, 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 Aug 09, 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.

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 08/10/22
Price $44.65
3.93%
Modified Duration 6.27 years

Spread of ACF Yield (3.93%) over 7.00 yr Treasury Yield (2.89%) As of 08/10/22 is + 104 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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