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iShares Core Dividend ETF
ETF
DIVB
Payout Change
Pending
Price as of:
$42.25
-0.23
-0.53%
primary theme
U.S. Large-Cap Value Equity
DIVB (ETF)
iShares Core Dividend ETF
Payout Change
Pending
Price as of:
$42.25
-0.23
-0.53%
primary theme
U.S. Large-Cap Value Equity
DIVB (ETF)
iShares Core Dividend ETF
Payout Change
Pending
Price as of:
$42.25
-0.23
-0.53%
primary theme
U.S. Large-Cap Value Equity
Name
As of 04/16/2024Price
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
15.0%
3 Yr Avg Return
5.7%
5 Yr Avg Return
11.5%
Net Assets
$340 M
Holdings in Top 10
29.3%
52 WEEK LOW AND HIGH
$42.5
$35.46
$44.50
Expenses
OPERATING FEES
Expense Ratio 0.05%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 30.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
N/A
IRA
N/A
Fund Classification
Fund Type
Exchange Traded Fund
Name
As of 04/16/2024Price
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
DIVB - Profile
Distributions
- YTD Total Return 3.5%
- 3 Yr Annualized Total Return 5.7%
- 5 Yr Annualized Total Return 11.5%
- Capital Gain Distribution Frequency N/A
- Net Income Ratio 2.20%
- Dividend Yield 3.3%
- Dividend Distribution Frequency Quarterly
Fund Details
-
Legal NameiShares Core Dividend ETF
-
Fund Family NameBlackRock-advised Funds
-
Inception DateNov 07, 2017
-
Shares Outstanding6850000
-
Share ClassN/A
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerGreg Savage
Fund Description
The Fund seeks to track the investment results of the Morningstar® US Dividend and Buyback IndexSM (the “Underlying Index”). The Underlying Index is designed to provide exposure to U.S.-based companies that return capital to shareholders through either dividend payments or share buybacks. The Underlying Index consists of companies with the largest dividend and buyback programs in the market measured by adjusted shareholder yield, as determined by Morningstar, Inc. “Morningstar” or the “Index Provider”). The Underlying Index is a subset of the Morningstar US Market Index (the “Parent Index”), which is a broad market index that represents approximately 97% of the market capitalization of publicly traded U.S. stocks.
Constituent securities of the Parent Index that have had recent aggregate dividend yield and net buyback yield “total shareholder yield”) greater than 0.1%, as calculated by the Index Provider, are eligible for inclusion in the Underlying Index. The Index Provider’s adjusted shareholder yield calculation
gives a 75% weighting to trailing twelve-month dividend yields and 25% weighting to trailing two-year net buyback yields. Companies in the top 5% of total shareholder yield are removed. The remaining companies are selected by decreasing order of adjusted shareholder yield until 50% coverage of total shareholder payout dollars of the Parent Index (excluding any companies with a negative total shareholder yield) is reached. The “total shareholder payout dollars” of a company is defined as the total shareholder yield multiplied by the float-adjusted market capitalization of the company.
The Underlying Index is weighted by total shareholder payout dollars and constrained by capping each individual constituent at 4.9%. In addition, the sector weights are constrained within 5% (positive or negative) of the Parent Index. The Underlying Index includes large-, mid- and small-capitalization companies and may change over time. As of April 30, 2023, a significant portion of the Underlying Index is represented by securities of companies in the financials and technology industries or sectors. The components of the Underlying Index are likely to change over time.
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 capitalization and industry weightings), fundamental characteristics (such as return variability 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 generally will invest at least 80% of its assets in the component securities of its Underlying Index and in investments that have economic characteristics that are substantially identical to the component securities of its Underlying Index (i.e., depositary receipts representing securities of the Underlying Index) and may invest up to 20% of its assets in certain futures, options and swap contracts, cash and cash equivalents, including shares of money market funds advised by BFA or its affiliates, as well as in securities not 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 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 Underlying Index is sponsored by Morningstar, which is independent 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) and repurchase agreements collateralized by U.S. government securities are not considered to be issued by members of any industry.
DIVB - Performance
Return Ranking - Trailing
| Period | DIVB Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 3.5% | -4.0% | 15.6% | 59.06% |
| 1 Yr | 15.0% | -10.8% | 35.4% | 35.45% |
| 3 Yr | 5.7%* | -4.7% | 30.1% | 57.04% |
| 5 Yr | 11.5%* | -1.2% | 42.9% | 12.34% |
| 10 Yr | N/A* | 1.1% | 24.5% | 67.46% |
* Annualized
Return Ranking - Calendar
| Period | DIVB Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 9.4% | -24.9% | 46.1% | 29.12% |
| 2022 | -12.3% | -65.1% | 4.6% | 51.24% |
| 2021 | 29.0% | -44.2% | 57.5% | 4.10% |
| 2020 | 8.0% | -23.2% | 285.0% | 6.62% |
| 2019 | 29.8% | -21.4% | 48.5% | 1.54% |
Total Return Ranking - Trailing
| Period | DIVB Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 3.5% | -4.0% | 15.6% | 59.06% |
| 1 Yr | 15.0% | -10.8% | 35.4% | 35.45% |
| 3 Yr | 5.7%* | -4.7% | 30.1% | 57.04% |
| 5 Yr | 11.5%* | -1.2% | 42.9% | 12.34% |
| 10 Yr | N/A* | 1.1% | 24.5% | N/A |
* Annualized
Total Return Ranking - Calendar
| Period | DIVB Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 13.3% | -15.9% | 46.7% | 32.43% |
| 2022 | -10.5% | -42.0% | 8.5% | 86.26% |
| 2021 | 31.3% | 3.6% | 129.7% | 7.93% |
| 2020 | 10.8% | -22.6% | 304.8% | 9.98% |
| 2019 | 32.7% | -12.7% | 52.1% | 2.60% |
DIVB - Holdings
Concentration Analysis
| DIVB | Category Low | Category High | DIVB % Rank | |
|---|---|---|---|---|
| Net Assets | 340 M | 1.09 M | 163 B | 67.87% |
| Number of Holdings | 409 | 2 | 1689 | 4.22% |
| Net Assets in Top 10 | 85.5 M | 420 K | 33.9 B | 69.42% |
| Weighting of Top 10 | 29.28% | 4.8% | 99.9% | 42.02% |
Top 10 Holdings
- Broadcom Inc 5.99%
- Cisco Systems Inc 4.81%
- International Business Machines Corp 2.90%
- QUALCOMM Inc 2.76%
- Texas Instruments Inc 2.53%
- Exxon Mobil Corp 2.51%
- JPMorgan Chase Co 1.97%
- Home Depot Inc/The 1.95%
- Procter Gamble Co/The 1.93%
- Comcast Corp 1.93%
Asset Allocation
| Weighting | Return Low | Return High | DIVB % Rank | |
|---|---|---|---|---|
| Stocks | 99.67% | 1.86% | 108.42% | 14.73% |
| Cash | 0.35% | -0.79% | 38.18% | 78.90% |
| Other | 0.00% | -3.53% | 39.72% | 28.25% |
| Preferred Stocks | 0.00% | 0.00% | 13.88% | 17.40% |
| Convertible Bonds | 0.00% | 0.00% | 3.66% | 12.78% |
| Bonds | 0.00% | -0.71% | 73.23% | 16.11% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | DIVB % Rank | |
|---|---|---|---|---|
| Financial Services | 21.46% | 0.00% | 58.05% | 26.97% |
| Technology | 20.11% | 0.00% | 54.02% | 6.42% |
| Healthcare | 13.21% | 0.00% | 30.08% | 85.60% |
| Communication Services | 10.50% | 0.00% | 26.58% | 5.38% |
| Consumer Defense | 8.72% | 0.00% | 34.10% | 44.75% |
| Industrials | 7.78% | 0.00% | 42.76% | 86.12% |
| Consumer Cyclical | 6.13% | 0.00% | 22.74% | 44.58% |
| Energy | 5.56% | 0.00% | 54.00% | 77.02% |
| Basic Materials | 2.70% | 0.00% | 21.69% | 66.96% |
| Utilities | 2.26% | 0.00% | 27.04% | 79.27% |
| Real Estate | 1.58% | 0.00% | 90.54% | 66.87% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | DIVB % Rank | |
|---|---|---|---|---|
| US | 99.67% | 1.86% | 108.42% | 13.44% |
| Non US | 0.00% | 0.00% | 27.89% | 39.62% |
DIVB - Expenses
Operational Fees
| DIVB Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 0.05% | 0.03% | 14.82% | 99.14% |
| Management Fee | 0.05% | 0.00% | 1.50% | 1.55% |
| 12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
| Administrative Fee | N/A | 0.00% | 0.50% | N/A |
Sales Fees
| DIVB Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | N/A | 1.00% | 5.75% | N/A |
| Deferred Load | N/A | 0.95% | 5.00% | N/A |
Trading Fees
| DIVB 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.
| DIVB Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 30.00% | 0.00% | 488.00% | 42.21% |
DIVB - Distributions
Dividend Yield Analysis
| DIVB | Category Low | Category High | DIVB % Rank | |
|---|---|---|---|---|
| Dividend Yield | 3.28% | 0.00% | 38.54% | 46.43% |
Dividend Distribution Analysis
| DIVB | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Quarterly | Quarterly | Quarterly | Quarterly |
Net Income Ratio Analysis
| DIVB | Category Low | Category High | DIVB % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 2.20% | -1.51% | 4.28% | 9.60% |
Capital Gain Distribution Analysis
| DIVB | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Mar 27, 2024 | $0.248 | OrdinaryDividend |
| Dec 27, 2023 | $0.348 | OrdinaryDividend |
| Oct 02, 2023 | $0.387 | OrdinaryDividend |
| Jun 13, 2023 | $0.260 | OrdinaryDividend |
| Mar 29, 2023 | $0.312 | OrdinaryDividend |
| Dec 19, 2022 | $0.219 | OrdinaryDividend |
| Sep 30, 2022 | $0.221 | OrdinaryDividend |
| Jun 15, 2022 | $0.157 | OrdinaryDividend |
| Mar 30, 2022 | $0.162 | OrdinaryDividend |
| Dec 17, 2021 | $0.211 | OrdinaryDividend |
| Sep 30, 2021 | $0.154 | OrdinaryDividend |
| Jun 16, 2021 | $0.172 | OrdinaryDividend |
| Mar 31, 2021 | $0.162 | OrdinaryDividend |
| Dec 18, 2020 | $0.185 | OrdinaryDividend |
| Sep 29, 2020 | $0.169 | OrdinaryDividend |
| Jun 19, 2020 | $0.164 | OrdinaryDividend |
| Mar 31, 2020 | $0.173 | OrdinaryDividend |
| Dec 20, 2019 | $0.166 | OrdinaryDividend |
| Sep 30, 2019 | $0.162 | OrdinaryDividend |
| Jun 21, 2019 | $0.142 | OrdinaryDividend |
| Mar 26, 2019 | $0.165 | OrdinaryDividend |
| Oct 02, 2018 | $0.154 | OrdinaryDividend |
| Jul 02, 2018 | $0.144 | OrdinaryDividend |
| Mar 28, 2018 | $0.135 | OrdinaryDividend |
| Dec 26, 2017 | $0.098 | OrdinaryDividend |
DIVB - Fund Manager Analysis
Managers
Greg Savage
Start Date
Tenure
Tenure Rank
Nov 07, 2017
4.56
4.6%
Greg Savage, Managing Director; has been associated with BlackRock Fund Advisors since 2009. Mr. Savage has been a senior portfolio manager for BFA and BTC since 2009. Prior to his employment with BFA and BTC, Mr. Savage was a senior portfolio manager from 2006 to 2009 for BGFA and BGI and a portfolio manager from 2001 to 2006 for BGFA and BGI.
Jennifer Hsui
Start Date
Tenure
Tenure Rank
Nov 07, 2017
4.56
4.6%
Jennifer Hsui, Managing Director & Portfolio Manager at BlackRock Investment Management LLC has been employed by BlackRock Fund Advisors as a senior portfolio manager since 2007. Prior to that, Ms. Hsui was a portfolio manager from 2006 to 2007 for BGFA. She was a research analyst for RBC Capital Markets from 2003 to 2006.
Amy Whitelaw
Start Date
Tenure
Tenure Rank
Aug 31, 2018
3.75
3.8%
Amy Whitelaw is Managing Director of BlackRock, Inc. since 2013 and was Director of the firm from 2009 to 2012. Ms. Whitelaw's service with the firm dates back to 1998, including her years with Barclays Global Investors (BGI), which merged with BlackRock in 2009. Ms. Whitelaw served as Principal of BGI from 2000 to 2009. Previously Ms. Whitelaw worked in the Transition Services group as a transition manager and strategist, and was also an international equity trader on BGI’s trading desk.
Paul Whitehead
Start Date
Tenure
Tenure Rank
Jan 01, 2022
0.41
0.4%
Paul Whitehead is responsible for supporting the day-to-day management of the MML Blend Fund’s portfolio, including setting the Fund’s overall investment strategy and overseeing the management of the Fund. Mr. Whitehead is a Managing Director of BlackRock, Inc., Co-Head of Index Equity, and Co-Head of BlackRock’s ETF and Index Investments business. Mr. Whitehead also oversees the management of BlackRock’s Institutional and iShares funds. Mr. Whitehead was previously the Global Head of Equity Trading and the Global Head of Transition Management within BlackRock’s Global Trading Group. Mr. Whitehead’s service with the firm dates back to 1996, including his years with Barclays Global Investors, which merged with BlackRock in 2009. Prior to his current role, Mr. Whitehead was Head of Americas Equity Trading. Previously, he managed the trading team responsible for all Institutional Index funds, Exchange Traded funds, and Transition Management mandates. Mr. Whitehead represents BlackRock on the board of Luminex, a buy-side owned Alternative Trading System launched in 2015.
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.05 | 86.59 | 8.02 | 16.42 |
