Dividend Investing Ideas Center
Critical Facts You Need to Know About Preferred Stocks
Have you ever wished for the safety of bonds, but the return potential...
Name
As of 11/05/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
$48.42
$79.4 M
4.01%
$1.94
0.05%
YTD Return
1.8%
1 yr return
6.4%
3 Yr Avg Return
N/A
5 Yr Avg Return
N/A
Net Assets
$79.4 M
Holdings in Top 10
32.8%
Expense Ratio 0.05%
Front Load N/A
Deferred Load N/A
Turnover N/A
Redemption Fee N/A
Standard (Taxable)
N/A
IRA
N/A
Fund Type
Exchange Traded Fund
Name
As of 11/05/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
$48.42
$79.4 M
4.01%
$1.94
0.05%
The Fund is non-diversified and seeks to track the investment results of the Bloomberg US Treasury 5 Year Duration Index (the “Index”). The Index is comprised of certain U.S. Treasury notes and bonds that are included in the Bloomberg US Treasury Index (the “Underlying Index”). The Index is constructed using two underlying “duration buckets” of U.S. Treasury notes and bonds included in the Underlying Index that are weighted by market capitalization of their component securities and then blended according to the weighting required to match the 5 year target duration of the Index at the monthly rebalancing date. Securities in the Index and the Underlying Index are updated on the last business day of each calendar month.
The Index and the Underlying Index are sponsored by Bloomberg Index Services Limited (the “Index Provider”), which is not affiliated with the Fund or BIM. The Index Provider determines the composition of the Index and the Underlying Index, relative weightings of the securities in the Index and the Underlying Index and publishes information regarding the respective market value of the Index and the Underlying Index. See “More Information About the Funds -- Index Construction” for more information about the adjustment formula.
There is no limit to the number of issues in the Index and the Underlying Index, but as of December 31, 2023, the Index included approximately 56 constituents, and the Underlying Index included approximately 285 constituents. Because the Index and the Underlying Index are reconstituted and rebalanced monthly, the respective components of the Index and the Underlying Index are likely to change over time.
As of December 31, 2023, the securities eligible for inclusion in the Index include U.S. Treasury notes and bonds with durations in the following two duration bucket ranges from the Underlying Index: 4 to 5 year duration securities and 5 to 6 year duration securities. The Underlying Index includes a broad range of U.S. Treasury obligations with a remaining maturity of 1 year or more. For more information regarding the Index and the Underlying Index, see “More Information About the Funds — Index” below.
BIM uses a “passive” or indexing approach to try to achieve the Fund’s investment objective. Unlike many investment companies, the Fund does not try to “outperform” the index it tracks and does not seek temporary defensive positions when markets decline or appear overvalued.
Indexing will eliminate the chance that the Fund will substantially outperform the 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.
BIM 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 target index that BIM determines to collectively have an investment profile similar to that of the Index. The securities selected are expected to have, in the aggregate, investment characteristics (based on factors such as market value and sector weightings), fundamental characteristics (such as return variability, duration, maturity, 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 Index. There may be instances in which BIM may choose to underweight or overweight a security in the Index, purchase securities not in the Index that BIM believes are appropriate to substitute for certain securities in the Index in seeking to replicate as closely as possible, before fees and expenses, the performance of the Index. The Fund may sell securities that are represented in the Index in anticipation of their removal from the Index or purchase securities not represented in the Index in anticipation of their addition to the Index.
Under normal circumstances, the Fund will invest at least 80% of its net assets (plus the amount of any borrowings for investment purposes) in a portfolio of U.S. Treasury securities that collectively have an average duration of approximately 5 years, either directly or indirectly (e.g., through derivatives). The Fund may also invest up to 20% of its net assets in certain other U.S. Treasury obligations, U.S. Government obligations, U.S. agency securities, cash and cash equivalents, as well as in securities not included in its Index, but which BIM believes will help the Fund track its Index.
The Fund seeks to track the investment results (i.e., the total return) of the Index before fees and expenses of the Fund.
The Index is sponsored by the Index Provider, which is independent of the Fund and BIM. The Index Provider determines the composition and relative weightings of the bonds in the Index and publishes information regarding the market value of the Index.
Industry Concentration Policy. The Fund will concentrate its investments (i.e., hold 25% or more of its total assets) in U.S Treasury securities.
Period | XFIV Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 1.8% | N/A | N/A | N/A |
1 Yr | 6.4% | N/A | N/A | N/A |
3 Yr | N/A* | N/A | N/A | N/A |
5 Yr | N/A* | N/A | N/A | N/A |
10 Yr | N/A* | N/A | N/A | N/A |
* Annualized
Period | XFIV Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 0.7% | N/A | N/A | N/A |
2022 | N/A | N/A | N/A | N/A |
2021 | N/A | N/A | N/A | N/A |
2020 | N/A | N/A | N/A | N/A |
2019 | N/A | N/A | N/A | N/A |
Period | XFIV Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 1.8% | N/A | N/A | N/A |
1 Yr | 6.4% | N/A | N/A | N/A |
3 Yr | N/A* | N/A | N/A | N/A |
5 Yr | N/A* | N/A | N/A | N/A |
10 Yr | N/A* | N/A | N/A | N/A |
* Annualized
Period | XFIV Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 4.4% | N/A | N/A | N/A |
2022 | N/A | N/A | N/A | N/A |
2021 | N/A | N/A | N/A | N/A |
2020 | N/A | N/A | N/A | N/A |
2019 | N/A | N/A | N/A | N/A |
XFIV | Category Low | Category High | XFIV % Rank | |
---|---|---|---|---|
Net Assets | 79.4 M | N/A | N/A | N/A |
Number of Holdings | 49 | N/A | N/A | N/A |
Net Assets in Top 10 | 29.5 M | N/A | N/A | N/A |
Weighting of Top 10 | 32.83% | N/A | N/A | N/A |
Weighting | Return Low | Return High | XFIV % Rank | |
---|---|---|---|---|
Bonds | 98.94% | N/A | N/A | N/A |
Cash | 1.06% | N/A | N/A | N/A |
Stocks | 0.00% | N/A | N/A | N/A |
Preferred Stocks | 0.00% | N/A | N/A | N/A |
Other | 0.00% | N/A | N/A | N/A |
Convertible Bonds | 0.00% | N/A | N/A | N/A |
Weighting | Return Low | Return High | XFIV % Rank | |
---|---|---|---|---|
Derivative | 0.00% | N/A | N/A | N/A |
Cash & Equivalents | 0.00% | N/A | N/A | N/A |
Securitized | 0.00% | N/A | N/A | N/A |
Corporate | 0.00% | N/A | N/A | N/A |
Municipal | 0.00% | N/A | N/A | N/A |
Government | 0.00% | N/A | N/A | N/A |
Weighting | Return Low | Return High | XFIV % Rank | |
---|---|---|---|---|
US | 98.94% | N/A | N/A | N/A |
Non US | 0.00% | N/A | N/A | N/A |
XFIV Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 0.05% | N/A | N/A | N/A |
Management Fee | 0.05% | N/A | N/A | N/A |
12b-1 Fee | N/A | N/A | N/A | N/A |
Administrative Fee | N/A | N/A | N/A | N/A |
XFIV Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | N/A | N/A | N/A | N/A |
Deferred Load | N/A | N/A | N/A | N/A |
XFIV Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Max Redemption Fee | N/A | N/A | N/A | N/A |
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.
XFIV Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | N/A | N/A | N/A | N/A |
XFIV | Category Low | Category High | XFIV % Rank | |
---|---|---|---|---|
Dividend Yield | 4.01% | N/A | N/A | N/A |
XFIV | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Monthly |
XFIV | Category Low | Category High | XFIV % Rank | |
---|---|---|---|---|
Net Income Ratio | N/A | N/A | N/A | N/A |
XFIV | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency |
Date | Amount | Type |
---|---|---|
Nov 01, 2024 | $0.162 | OrdinaryDividend |
Oct 01, 2024 | $0.157 | OrdinaryDividend |
Sep 03, 2024 | $0.159 | OrdinaryDividend |
Aug 01, 2024 | $0.165 | OrdinaryDividend |
Jul 01, 2024 | $0.164 | OrdinaryDividend |
Jun 03, 2024 | $0.177 | OrdinaryDividend |
May 01, 2024 | $0.158 | OrdinaryDividend |
Apr 01, 2024 | $0.163 | OrdinaryDividend |
Mar 01, 2024 | $0.107 | OrdinaryDividend |
Feb 01, 2024 | $0.158 | OrdinaryDividend |
Dec 28, 2023 | $0.159 | OrdinaryDividend |
Dec 01, 2023 | $0.157 | OrdinaryDividend |
Nov 01, 2023 | $0.159 | OrdinaryDividend |
Oct 02, 2023 | $0.152 | OrdinaryDividend |
Sep 01, 2023 | $0.155 | OrdinaryDividend |
Aug 01, 2023 | $0.158 | OrdinaryDividend |
Jul 03, 2023 | $0.135 | OrdinaryDividend |
Jun 01, 2023 | $0.156 | OrdinaryDividend |
May 01, 2023 | $0.147 | OrdinaryDividend |
Apr 03, 2023 | $0.153 | OrdinaryDividend |
Mar 01, 2023 | $0.137 | OrdinaryDividend |
Feb 01, 2023 | $0.115 | OrdinaryDividend |
Dec 29, 2022 | $0.162 | OrdinaryDividend |
Dec 01, 2022 | $0.148 | OrdinaryDividend |
Nov 01, 2022 | $0.209 | OrdinaryDividend |
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