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...
iShares U.S. Securitized Bond Index Fund
mutual fund
BISBX
Payout Change
Pending
Price as of:
$9.55
+0.01
+0.1%
primary theme
N/A
share class
BISBX (Mutual Fund)
iShares U.S. Securitized Bond Index Fund
BISBX (Mutual Fund)
iShares U.S. Securitized Bond Index Fund
Payout Change
Pending
Price as of:
$9.55
+0.01
+0.1%
primary theme
N/A
share class
Name
As of 10/11/2024Price
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
Vitals
YTD Return
3.5%
1 yr return
11.7%
3 Yr Avg Return
N/A
5 Yr Avg Return
N/A
Net Assets
$4.92 B
Holdings in Top 10
18.6%
52 WEEK LOW AND HIGH
$9.5
N/A
N/A
Expenses
OPERATING FEES
Expense Ratio 0.14%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover N/A
Redemption Fee N/A
Min Investment
Standard (Taxable)
N/A
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 10/11/2024Price
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
BISBX - Profile
Distributions
- YTD Total Return 3.5%
- 3 Yr Annualized Total Return N/A
- 5 Yr Annualized Total Return N/A
- Capital Gain Distribution Frequency N/A
- Net Income Ratio N/A
- Dividend Yield 3.7%
- Dividend Distribution Frequency Monthly
Fund Details
-
Legal NameiShares U.S. Securitized Bond Index Fund
-
Fund Family NameBlackRock-advised Funds
-
Inception DateMay 20, 2022
-
Shares OutstandingN/A
-
Share ClassOther
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerPaul Simons
Fund Description
Under normal circumstances, at least 90% of the value of the Fund’s assets, plus the amount of any borrowings for investment purposes, is invested in securities comprising the Bloomberg U.S. Securitized: MBS, ABS, and CMBS
Index, which, for the Fund, are considered bonds. The Fund attempts to achieve, in both rising and falling markets, a correlation of at least 95% between the total return of its net assets before fees and expenses and the total return of the Fund’s benchmark index, the Bloomberg U.S. Securitized: MBS, ABS, and CMBS Index. Notwithstanding the factors described below, perfect (100%) correlation would be achieved if the total return of the Fund’s net assets, before fees and expenses, increased or decreased exactly as the total return of the Fund’s benchmark index increased or decreased. The Fund’s ability to match its investment performance to the investment performance of its benchmark index may be affected by, among other things, the Fund’s expenses, the amount of cash and cash equivalents held by the Fund, the manner in which the total return of the Fund’s benchmark index is calculated, the size of the Fund’s investment portfolio, and the timing, frequency and size of shareholder purchases and redemptions.
The Bloomberg U.S. Securitized: MBS, ABS, and CMBS Index is a capitalization weighted index that measures the performance of residential mortgage backed securities issued by Government Sponsored Enterprises, asset backed securities and commercial mortgage backed securities. The index is rebalanced monthly. There were approximately 4,079 fixed-income securities included in the Bloomberg U.S. Securitized: MBS, ABS, and CMBS Index as of December 31, 2023. All securities in the Bloomberg U.S. Securitized: MBS, ABS, and CMBS Index are rated investment-grade.
The Fund will be invested and reinvested primarily in U.S. debt securities with maturities greater than ten years, with the objective of approximating as closely as practicable the total rate of return of the Bloomberg U.S. Securitized: MBS, ABS, and CMBS Index.
The Fund utilizes sampling techniques that are designed to allow the Fund to duplicate substantially the investment performance of the Bloomberg U.S. Securitized: MBS, ABS, and CMBS Index. However, the Fund is not expected to track the Bloomberg U.S. Securitized: MBS, ABS, and CMBS Index with the same degree of accuracy that complete replication of the Bloomberg U.S. Securitized: MBS, ABS, and CMBS Index would provide. No attempt is made to manage the Fund using economic, financial or market analysis. In addition, at times, the portfolio composition of the Fund may be altered (or “rebalanced”) to reflect changes in the characteristics of the index that the Fund tracks.
The Fund also may engage in futures, forwards and options transactions and other derivative securities transactions and lend its portfolio securities, each of which involves risk. The Fund may use futures contracts, forwards, options and other derivative transactions to manage its short-term liquidity and/or as substitutes for comparable market positions in the securities in its benchmark index. The Fund may also invest in high-quality money market instruments, including shares of money market funds advised by BFA or its affiliates.
BISBX - Performance
Return Ranking - Trailing
| Period | BISBX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 3.5% | -50.0% | 268.1% | 95.28% |
| 1 Yr | 11.7% | -64.8% | 268.1% | 84.13% |
| 3 Yr | N/A* | -100.0% | 115.6% | N/A |
| 5 Yr | N/A* | -100.0% | 58.6% | N/A |
| 10 Yr | N/A* | -12.1% | 26.2% | N/A |
* Annualized
Return Ranking - Calendar
| Period | BISBX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | N/A | -100.0% | 73.0% | 62.84% |
| 2022 | N/A | -76.0% | 212.6% | N/A |
| 2021 | N/A | -65.0% | 900.0% | N/A |
| 2020 | N/A | -87.3% | 336.8% | N/A |
| 2019 | N/A | -60.1% | 304.1% | N/A |
Total Return Ranking - Trailing
| Period | BISBX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 3.5% | -50.0% | 268.1% | 95.26% |
| 1 Yr | 11.7% | -64.8% | 268.1% | 87.97% |
| 3 Yr | N/A* | -100.0% | 115.6% | N/A |
| 5 Yr | N/A* | -100.0% | 58.6% | N/A |
| 10 Yr | N/A* | -12.1% | 26.3% | N/A |
* Annualized
Total Return Ranking - Calendar
| Period | BISBX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | N/A | -100.0% | 76.6% | 71.91% |
| 2022 | N/A | -30.7% | 212.6% | N/A |
| 2021 | N/A | -65.0% | 900.0% | N/A |
| 2020 | N/A | -87.3% | 341.1% | N/A |
| 2019 | N/A | -60.1% | 304.1% | N/A |
NAV & Total Return History
BISBX - Holdings
Concentration Analysis
| BISBX | Category Low | Category High | BISBX % Rank | |
|---|---|---|---|---|
| Net Assets | 4.92 B | 10 | 804 B | 31.95% |
| Number of Holdings | 1578 | 1 | 17333 | 55.42% |
| Net Assets in Top 10 | 916 M | -7.11 B | 145 B | 33.87% |
| Weighting of Top 10 | 18.60% | 0.0% | 20474.3% | 67.35% |
Top 10 Holdings
- BlackRock Cash Funds: Treasury, SL Agency Shares 10.75%
- Fannie Mae Pool 1.39%
- Fannie Mae Pool 1.15%
- Freddie Mac Pool 1.00%
- Ginnie Mae II Pool 0.87%
- Fannie Mae Pool 0.76%
- Ginnie Mae II Pool 0.71%
- Uniform Mortgage-Backed Security, TBA 0.67%
- Ginnie Mae 0.66%
- Uniform Mortgage-Backed Security, TBA 0.63%
Asset Allocation
| Weighting | Return Low | Return High | BISBX % Rank | |
|---|---|---|---|---|
| Bonds | 97.94% | -955.59% | 2458.15% | 62.98% |
| Cash | 10.75% | -2458.20% | 7388.76% | 38.82% |
| Other | 1.60% | -7288.76% | 493.15% | 42.77% |
| Stocks | 0.00% | -142.98% | 259.25% | 32.08% |
| Preferred Stocks | 0.00% | -21.20% | 80.89% | 35.61% |
| Convertible Bonds | 0.00% | -0.37% | 144.58% | 41.91% |
Bond Sector Breakdown
| Weighting | Return Low | Return High | BISBX % Rank | |
|---|---|---|---|---|
| Cash & Equivalents | 10.75% | -2458.20% | 7388.76% | 37.29% |
| Derivative | 0.00% | -511.61% | 54.22% | 19.50% |
| Securitized | 0.00% | -24.16% | 264.51% | 42.93% |
| Corporate | 0.00% | -46.36% | 3345.86% | 56.03% |
| Municipal | 0.00% | 0.00% | 165.37% | 37.14% |
| Government | 0.00% | -3298.93% | 2458.15% | 49.00% |
Bond Geographic Breakdown
| Weighting | Return Low | Return High | BISBX % Rank | |
|---|---|---|---|---|
| US | 97.94% | -955.59% | 2458.15% | 61.91% |
| Non US | 0.00% | -153.97% | 464.75% | 53.57% |
BISBX - Expenses
Operational Fees
| BISBX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 0.14% | -2.86% | 950.64% | 66.49% |
| Management Fee | 0.06% | 0.00% | 2.87% | 64.65% |
| 12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
| Administrative Fee | N/A | 0.00% | 52000.00% | N/A |
Sales Fees
| BISBX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | N/A | 0.00% | 25.00% | N/A |
| Deferred Load | N/A | 0.25% | 5.50% | N/A |
Trading Fees
| BISBX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | N/A | 0.00% | 2.00% | 9.25% |
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.
| BISBX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | N/A | 0.00% | 5067.00% | 21.48% |
BISBX - Distributions
Dividend Yield Analysis
| BISBX | Category Low | Category High | BISBX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 3.74% | 0.00% | 84.51% | 20.41% |
Dividend Distribution Analysis
| BISBX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Monthly | Annually | Monthly | Annually |
Net Income Ratio Analysis
| BISBX | Category Low | Category High | BISBX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | N/A | -46.00% | 10.88% | 21.72% |
Capital Gain Distribution Analysis
| BISBX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Sep 30, 2024 | $0.030 | OrdinaryDividend |
| Aug 30, 2024 | $0.030 | OrdinaryDividend |
| Jul 31, 2024 | $0.029 | OrdinaryDividend |
| Apr 30, 2024 | $0.029 | OrdinaryDividend |
| Mar 31, 2024 | $0.029 | OrdinaryDividend |
| Feb 29, 2024 | $0.028 | OrdinaryDividend |
| Jan 31, 2024 | $0.029 | OrdinaryDividend |
| Dec 29, 2023 | $0.028 | OrdinaryDividend |
| Nov 30, 2023 | $0.028 | OrdinaryDividend |
| Oct 31, 2023 | $0.028 | OrdinaryDividend |
| Sep 29, 2023 | $0.028 | OrdinaryDividend |
| Aug 31, 2023 | $0.029 | OrdinaryDividend |
| Jul 31, 2023 | $0.027 | OrdinaryDividend |
| Jun 30, 2023 | $0.027 | OrdinaryDividend |
| May 31, 2023 | $0.027 | OrdinaryDividend |
| Apr 28, 2023 | $0.027 | OrdinaryDividend |
| Mar 31, 2023 | $0.026 | OrdinaryDividend |
| Feb 28, 2023 | $0.025 | OrdinaryDividend |
| Jan 31, 2023 | $0.025 | OrdinaryDividend |
| Dec 30, 2022 | $0.025 | OrdinaryDividend |
| Dec 21, 2022 | $0.008 | OrdinaryDividend |
| Nov 30, 2022 | $0.024 | OrdinaryDividend |
| Oct 31, 2022 | $0.023 | OrdinaryDividend |
| Sep 30, 2022 | $0.022 | OrdinaryDividend |
| Aug 31, 2022 | $0.022 | OrdinaryDividend |
| Jul 29, 2022 | $0.021 | OrdinaryDividend |
| Jun 30, 2022 | $0.020 | OrdinaryDividend |
| May 31, 2022 | $0.006 | OrdinaryDividend |
BISBX - Fund Manager Analysis
Managers
Paul Simons
Start Date
Tenure
Tenure Rank
Dec 29, 2011
6.93
6.9%
Paul joined Pyrford in 1996 after graduating from Oxford University with a degree in geography. Paul became a CFA® charterholder in 2000, as well as gaining his Master of Arts. Paul joined the Asia/Pacific portfolio management team in 1996 and was appointed its Head in March 2008.
Anthony Cousins
Start Date
Tenure
Tenure Rank
Dec 29, 2011
6.93
6.9%
Tony, Chief Executive Officer and Chief Investment Officer, is responsible for the European region (including UK) and is a member of the investment strategy committee. After graduating from Cambridge University in 1985 with a Bachelor of Arts, Tony joined Daiwa International Capital Management in London as an Equity Portfolio Manager. He joined Pyrford in 1989 and obtained his Master of Arts and CFA in 1990.
Daniel McDonagh
Start Date
Tenure
Tenure Rank
Dec 29, 2011
6.93
6.9%
Daniel McDonagh is Head of Portfolio Management, Europe/UK of Pyrford and a member of the Investment Strategy Committee. Daniel joined Pyrford in October 1997 after graduating from Oxford University with a degree in Politics and Economics. He became a CFA® charterholder in 2000. Daniel worked as a research analyst within the European portfolio management team before being promoted to Portfolio Manager in 2003. He was appointed to the position of Head of Europe & U.K. in November 2009.
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.01 | 33.52 | 5.37 | 3.25 |
