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Trending ETFs

iShares Core 1-5 Year USD Bond ETF

ETF
ISTB
Payout Change
Pending
Price as of:
$47.22 -0.02 -0.04%
primary theme
U.S. Short-Term Bond Duration
ISTB (ETF)

iShares Core 1-5 Year USD Bond ETF

Payout Change
Pending
Price as of:
$47.22 -0.02 -0.04%
primary theme
U.S. Short-Term Bond Duration
ISTB (ETF)

iShares Core 1-5 Year USD Bond ETF

Payout Change
Pending
Price as of:
$47.22 -0.02 -0.04%
primary theme
U.S. Short-Term Bond Duration

Name

As of 03/15/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$47.22

$4.1 B

3.57%

$1.68

0.06%

Vitals

YTD Return

-0.1%

1 yr return

3.6%

3 Yr Avg Return

-0.4%

5 Yr Avg Return

1.4%

Net Assets

$4.1 B

Holdings in Top 10

9.5%

52 WEEK LOW AND HIGH

$47.2
$46.00
$47.73

Expenses

OPERATING FEES

Expense Ratio 0.06%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 82.00%

Redemption Fee N/A


Min Investment

Standard (Taxable)

N/A

IRA

N/A


Fund Classification

Fund Type

Exchange Traded Fund


Name

As of 03/15/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$47.22

$4.1 B

3.57%

$1.68

0.06%

ISTB - Profile

Distributions

  • YTD Total Return -0.1%
  • 3 Yr Annualized Total Return -0.4%
  • 5 Yr Annualized Total Return 1.4%
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio 1.64%
DIVIDENDS
  • Dividend Yield 3.6%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    iShares Core 1-5 Year USD Bond ETF
  • Fund Family Name
    BlackRock-advised Funds
  • Inception Date
    Oct 18, 2012
  • Shares Outstanding
    116800000
  • Share Class
    N/A
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    James Mauro

Fund Description

The Fund seeks to track the investment results of the Bloomberg U.S. Universal 1-5 Year Index (the Underlying Index), which measures the performance of U.S. dollar-denominated taxable bonds that are rated either investment-grade or high yield (as determined by Bloomberg Index Services Limited (the Index Provider or Bloomberg)) with remaining effective maturities between one and five years. The Underlying Index includes U.S. Treasury bonds, government-related bonds (i.e., U.S. and non-U.S. agencies, sovereign, quasi-sovereign, supranational and local authority debt), investment-grade and
high yield U.S. corporate bonds, mortgage-backed pass-through securities (MBS), commercial mortgage-backed securities, asset-backed securities (ABS), Eurodollar bonds, bonds registered with the SEC or exempt from registration at the time of issuance, or offered pursuant to Rule 144A with or without registration rights Rule 144A Bonds) and U.S. dollar-denominated emerging market bonds. The Underlying Index is a subset of the Bloomberg U.S. Universal Index.
As of October 31, 2023, a significant portion of the Underlying Index is represented by U.S. Treasury securities. The components of the Underlying Index are likely to change over time. The securities in the Underlying Index must be denominated in U.S. dollars and non-convertible. Excluded from the Underlying Index are tax-exempt municipal securities, coupon issues that have been stripped from bonds, structured notes, private placements (excluding Rule 144A Bonds) and bonds denominated in euros.
Most transactions in fixed-rate mortgage-backed pass-through securities occur through standardized contracts for future delivery in which the exact mortgage pools to be delivered are not specified until a few days prior to settlement (to-be-announced (TBA)
transactions). The Fund may enter into such contracts on a regular basis. The Fund, pending settlement of such contracts, will invest its assets in high-quality, liquid short-term instruments, including shares of money market funds advised by BFA or its affiliates. The Fund will assume its pro rata share of the fees and expenses of any money market fund that it may invest in, in addition to the Fund's own fees and expenses. The Fund may also acquire interests in mortgage pools through means other than such standardized contracts for future delivery.
The Underlying Index is market capitalization-weighted and is rebalanced on the last day of the month.
BFA uses an indexing approach to try to achieve the Fund’s investment objective. Unlike many investment companies, the Fund does not try to beat the index it tracks and does not seek temporary defensive positions when markets decline or appear overvalued.
Indexing may eliminate the chance that the Fund will substantially outperform the Underlying Index but also may reduce some of the risks of active management, such as poor security selection. Indexing seeks to achieve lower costs and better after-tax performance by aiming to keep portfolio turnover low in comparison to actively managed investment companies.
BFA uses a representative sampling indexing strategy to manage the Fund. Representative sampling is an indexing strategy that involves investing in a representative sample of securities that collectively has an investment profile similar to that of an applicable underlying index. The securities
selected are expected to have, in the aggregate, investment characteristics (based on factors such as market value and industry weightings), fundamental characteristics (such as return variability, duration (i.e., a security's price sensitivity to a change in interest rates), maturity or credit ratings and yield) and liquidity measures similar to those of an applicable underlying index. The Fund may or may not hold all of the securities in the Underlying Index.
The Fund will invest at least 80% of its assets in the component securities of the Underlying Index and TBA transactions that have economic characteristics that are substantially identical to the economic characteristics of the component securities of the Underlying Index, and the Fund will invest at least 90% of its assets in fixed income securities of the types included in the Underlying Index that BFA believes will help the Fund track the Underlying Index. The Fund will invest no more than 10% of its assets in futures, options and swaps contracts that BFA believes will help the Fund track the Underlying Index as well as in fixed income securities other than the types included in the Underlying Index, but which BFA believes will help the Fund track the Underlying Index. Cash and cash equivalent investments associated with a TBA position will be treated as part of that position for purposes of calculating investments in the component securities of the Underlying Index. Cash and cash equivalent investments associated with a derivative position will be treated as part of that position for the purposes of calculating the percentage of investments included in the Underlying Index. The Fund seeks to track the
investment results of the Underlying Index before fees and expenses of the Fund.
The Fund may lend securities representing up to one-third of the value of the Fund's total assets (including the value of any collateral received).
The Underlying Index is sponsored by Bloomberg, which isindependent of the Fund and BFA. The Index Provider determines the composition and relative weightings of the securities in the Underlying Index and publishes information regarding the market value of the Underlying Index.
Industry Concentration Policy. The Fund will concentrate its investments i.e., hold 25% or more of its total assets) in a particular industry or group of industries to approximately the same extent that the Underlying Index is concentrated. For purposes of this limitation, securities of the U.S. government (including its agencies and instrumentalities), repurchase agreements collateralized by U.S. government securities, and securities of state or municipal governments and their political subdivisions are not considered to be issued by members of any industry.
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ISTB - Performance

Return Ranking - Trailing

Period ISTB Return Category Return Low Category Return High Rank in Category (%)
YTD -0.1% -2.5% 9.1% 83.78%
1 Yr 3.6% -1.6% 23.6% 67.51%
3 Yr -0.4%* -6.1% 4.0% 74.63%
5 Yr 1.4%* -3.9% 4.5% 57.51%
10 Yr 1.5%* -19.2% 169.6% 37.57%

* Annualized

Return Ranking - Calendar

Period ISTB Return Category Return Low Category Return High Rank in Category (%)
2023 2.4% -5.4% 7.6% 33.63%
2022 -7.9% -17.7% -2.6% 69.61%
2021 -2.3% -4.0% 4.4% 83.84%
2020 2.5% -8.3% 7.6% 30.93%
2019 2.7% -2.3% 9.3% 22.49%

Total Return Ranking - Trailing

Period ISTB Return Category Return Low Category Return High Rank in Category (%)
YTD -0.1% -2.5% 9.1% 83.78%
1 Yr 3.6% -1.6% 23.6% 67.51%
3 Yr -0.4%* -6.1% 4.0% 74.63%
5 Yr 1.4%* -3.9% 4.5% 57.51%
10 Yr 1.5%* -19.2% 169.6% 37.57%

* Annualized

Total Return Ranking - Calendar

Period ISTB Return Category Return Low Category Return High Rank in Category (%)
2023 5.6% -1.1% 15.2% 52.98%
2022 -6.1% -17.3% -1.3% 77.90%
2021 -0.7% -2.7% 7.7% 77.57%
2020 4.8% -4.4% 14.5% 35.21%
2019 5.6% 0.6% 12.6% 23.69%

ISTB - Holdings

Concentration Analysis

ISTB Category Low Category High ISTB % Rank
Net Assets 4.1 B 14.1 K 58.8 B 21.11%
Number of Holdings 5632 2 9721 0.89%
Net Assets in Top 10 384 M 1.16 M 6.6 B 39.00%
Weighting of Top 10 9.51% 1.8% 108.7% 88.73%

Top 10 Holdings

  1. United States Treasury Note/Bond 1.35%
  2. United States Treasury Note/Bond 1.10%
  3. United States Treasury Note/Bond 1.06%
  4. United States Treasury Note/Bond 0.98%
  5. United States Treasury Note/Bond 0.95%
  6. United States Treasury Note/Bond 0.89%
  7. BlackRock Cash Funds: Treasury, SL Agency Shares 0.89%
  8. United States Treasury Note/Bond 0.79%
  9. United States Treasury Note/Bond 0.76%
  10. United States Treasury Note/Bond 0.75%

Asset Allocation

Weighting Return Low Return High ISTB % Rank
Bonds
98.10% 0.00% 130.68% 16.64%
Convertible Bonds
2.53% 0.00% 27.71% 49.46%
Cash
1.36% -20.59% 62.18% 65.30%
Other
0.87% -0.97% 72.36% 65.65%
Stocks
0.00% 0.00% 103.64% 26.30%
Preferred Stocks
0.00% 0.00% 21.82% 24.87%

Stock Sector Breakdown

Weighting Return Low Return High ISTB % Rank
Energy
100.00% 0.00% 100.00% 3.13%
Utilities
0.00% 0.00% 81.48% 32.81%
Technology
0.00% 0.00% 24.45% 32.81%
Real Estate
0.00% 0.00% 8.31% 35.94%
Industrials
0.00% 0.00% 100.00% 37.50%
Healthcare
0.00% 0.00% 23.11% 28.13%
Financial Services
0.00% 0.00% 100.00% 56.25%
Communication Services
0.00% 0.00% 65.64% 46.88%
Consumer Defense
0.00% 0.00% 21.37% 26.56%
Consumer Cyclical
0.00% 0.00% 10.75% 32.81%
Basic Materials
0.00% 0.00% 22.71% 31.25%

Stock Geographic Breakdown

Weighting Return Low Return High ISTB % Rank
US
0.00% 0.00% 103.64% 24.87%
Non US
0.00% 0.00% 0.02% 13.95%

Bond Sector Breakdown

Weighting Return Low Return High ISTB % Rank
Government
55.64% 0.00% 73.63% 6.81%
Corporate
33.50% 0.00% 100.00% 63.26%
Securitized
8.40% 0.00% 97.27% 87.46%
Cash & Equivalents
1.36% 0.00% 62.18% 58.86%
Municipal
0.04% 0.00% 17.46% 48.57%
Derivative
0.00% -0.55% 24.84% 52.06%

Bond Geographic Breakdown

Weighting Return Low Return High ISTB % Rank
US
98.10% 0.00% 130.68% 15.92%
Non US
0.00% 0.00% 83.16% 29.70%

ISTB - Expenses

Operational Fees

ISTB Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.06% 0.01% 3.24% 97.29%
Management Fee 0.06% 0.00% 1.19% 9.30%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.01% 0.50% N/A

Sales Fees

ISTB Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.50% 5.75% N/A
Deferred Load N/A 0.50% 4.00% N/A

Trading Fees

ISTB Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 2.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

ISTB Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 82.00% 2.00% 500.00% 54.81%

ISTB - Distributions

Dividend Yield Analysis

ISTB Category Low Category High ISTB % Rank
Dividend Yield 3.57% 0.00% 10.35% 73.70%

Dividend Distribution Analysis

ISTB Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Monthly Monthly Monthly

Net Income Ratio Analysis

ISTB Category Low Category High ISTB % Rank
Net Income Ratio 1.64% -1.27% 4.98% 22.12%

Capital Gain Distribution Analysis

ISTB Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually

Distributions History

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ISTB - Fund Manager Analysis

Managers

James Mauro


Start Date

Tenure

Tenure Rank

Oct 18, 2012

9.62

9.6%

Head of San Francisco Fixed Income Core PM at BlackRock, Inc. since 2020; Managing Director of BlackRock, Inc. since 2015; Director of BlackRock, Inc. from 2010 to 2014; Vice President of State Street Global Advisors from 2001 to 2010. James Mauro has been employed by BlackRock Fund Advisors and BlackRock Institutional Trust Company, N.A. (“BTC”) as a portfolio manager since 2011. Prior to joining BTC, Mr. Mauro was a Vice President at State Street Global Advisors. His primary responsibilities include management of all government, inflation linked and derivative strategies. Other responsibilities include hedging and managing risk across all asset classes through futures and option overlays. James joined State Street Corporation in 1993. Previously, he worked as a portfolio manager on the passive team where he co-managed several Bond Index portfolios.

Karen Uyehara


Start Date

Tenure

Tenure Rank

Mar 01, 2021

1.25

1.3%

Ms. Uyehara is a Director of BlackRock, which she joined in 2010. Ms. Uyehara is a portfolio manager and member of BlackRock’s Model-Based Fixed Income Portfolio Management Group. Prior to joining BlackRock, Ms. Uyehara was a portfolio manager at Western Asset Management Company from2002 to 2010.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.07 28.77 6.11 2.41