Fixed Income

IMMXX

iShares US Mortgage Backed Securities UCITS ETF

  • NAV as of 20/Nov/2024 MXN 5,745.51
    52 WK: 5,078.96 - 5,918.47
  • 1 Day NAV Change as of 20/Nov/2024 -1.90 (-0.03%)
  • NAV Total Return as of 20/Nov/2024 YTD: 6.55%
  • Weighted Average YTM as of 20/Nov/2024 5.20%

Overview

WHY IMMXX?

  1. Exposure to a broad range of U.S. mortgage-backed securities issued by government sponsored enterprises such as Ginnie Mae (GNMA), Fannie Mae (FNMA), and Freddie Mac (FHLMC).
  2. Diversified access to mortgage-backed securities issued by U.S. government agencies in a single share class
  3. Incorporate exposure to the income-generating characteristics of mortgage-backed securities

INVESTMENT OBJECTIVE

The Fund seeks to track the performance of an index composed of investment-grade mortgage-backed pass-through securities1 issued by U.S. government agencies

1Pass-through securities deliver both the interest and principal repayments directly to the MBS owner.

Important Information: Capital at Risk. The value of investments and the income from them can fall as well as rise and are not guaranteed. Investors may not get back the amount originally invested.

Important Information: The value of your investment and the income from it will vary and your initial investment amount cannot be guaranteed. Two main risks related to fixed income investing are interest rate risk and credit risk. This ETF aims to reduce the former whilst giving full exposure to the latter. Typically, when interest rates rise, there is a corresponding decline in the market value of bonds. Credit risk refers to the possibility that the issuer of the bond will not be able to repay the principal and make interest payments.

All currency hedged share classes of this fund use derivatives to hedge currency risk. The use of derivatives for a share class could pose a potential risk of contagion (also known as spill-over) to other share classes in the fund. The fund’s management company will ensure appropriate procedures are in place to minimise contagion risk to other share class. Using the drop down box directly below the name of the fund, you can view a list of all share classes in the fund – currency hedged share classes are indicated by the word “Hedged” in the name of the share class. In addition, a full list of all currency hedged share classes is available on request from the fund’s management company
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Performance

Performance

Chart

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The figures shown relate to past performance. Past performance is not a reliable indicator of future results and should not be the sole factor of consideration when selecting a product or strategy.

Share Class and Benchmark performance displayed in MXN, hedged fund benchmark performance is displayed in USD.

Performance is shown on a Net Asset Value (NAV) basis, with gross income reinvested where applicable. Performance data is based on the net asset value (NAV) of the ETF which may not be the same as the market price of the ETF. Individual shareholders may realize returns that are different to the NAV performance.

The return of your investment may increase or decrease as a result of currency fluctuations if your investment is made in a currency other than that used in the past performance calculation. Source: Blackrock

This chart shows the fund's performance as the percentage loss or gain per year over the last 3 years.

  2019 2020 2021 2022 2023
Total Return (%) 3.1 -6.5 11.5
Benchmark (%) -1.0 -11.8 5.0
  From
30-Sept-2019
To
30-Sept-2020 		From
30-Sept-2020
To
30-Sept-2021 		From
30-Sept-2021
To
30-Sept-2022 		From
30-Sept-2022
To
30-Sept-2023 		From
30-Sept-2023
To
30-Sept-2024
Total Return (%)

as of 30/Sept/2024

- - -8.72 6.21 18.47
Benchmark (%)

as of 30/Sept/2024

- - -13.98 -0.17 12.32
  1y 3y 5y 10y Incept.
Total Return (%) 17.63 3.84 - - 3.62
Benchmark (%) 11.44 -2.08 - - -1.78
  YTD 1m 3m 6m 1y 3y 5y 10y Incept.
Total Return (%) 6.47 -2.36 1.45 9.01 17.63 11.96 - - 14.79
Benchmark (%) 1.54 -2.83 -0.09 5.81 11.44 -6.11 - - -6.73

The figures shown relate to past performance. Past performance is not a reliable indicator of future performance. Markets could develop very differently in the future. It can help you to assess how the fund has been managed in the past

Share Class and Benchmark performance displayed in MXN, hedged share class benchmark performance is displayed in USD.

Performance is shown on a Net Asset Value (NAV) basis, with gross income reinvested where applicable. Performance data is based on the net asset value (NAV) of the ETF which may not be the same as the market price of the ETF. Individual shareholders may realize returns that are different to the NAV performance.

The return of your investment may increase or decrease as a result of currency fluctuations if your investment is made in a currency other than that used in the past performance calculation. Source: Blackrock

Key Facts

Key Facts

Net Assets
as of 20/Nov/2024
MXN 28,664,343
Share Class launch date
15/Dec/2020
Share Class Currency
MXN
Asset Class
Fixed Income
SFDR Classification
Other
Total Expense Ratio
0.30%
Use of Income
Accumulating
Product Structure
Physical
Methodology
Sampled
Issuing Company
iShares IV plc
Administrator
State Street Fund Services (Ireland) Limited
Fiscal Year End
31 May
SIPP Available
Yes
UK Reporting Status
Yes
Net Assets of Fund
as of 20/Nov/2024
USD 2,626,484,343
Fund Launch Date
23/May/2016
Fund Base Currency
USD
Benchmark Index
Bloomberg US MBS Index
Shares Outstanding
as of 20/Nov/2024
4,989
ISIN
IE00BMWB9419
Domicile
Ireland
Rebalance Frequency
Monthly
UCITS Compliant
Yes
Fund Manager
BlackRock Asset Management Ireland Limited
Custodian
State Street Custodial Services (Ireland) Limited
Bloomberg Ticker
IMMXX IX
ISA Eligibility
Yes

Portfolio Characteristics

Portfolio Characteristics

Number of Holdings
as of 20/Nov/2024
511
Benchmark Ticker
LUMSTRUU
3y Beta
as of 31/Oct/2024
0.993
Weighted Avg Coupon
as of 20/Nov/2024
3.21
Effective Duration
as of 20/Nov/2024
5.57
Benchmark Level
as of 20/Nov/2024
USD 2,158.64
Standard Deviation (3y)
as of 31/Oct/2024
8.48%
Weighted Average YTM
as of 20/Nov/2024
5.20%
Weighted Avg Maturity
as of 20/Nov/2024
7.71

Ratings

Registered Locations

Registered Locations

  • Ireland

  • Saudi Arabia

  • Switzerland

  • United Kingdom

Holdings

Holdings

as of 20/Nov/2024
Issuer Weight (%)
FEDERAL NATIONAL MORTGAGE ASSOCIATION 40.78
FEDERAL HOME LOAN MORTGAGE CORPORATION 28.78
GOVERNMENT NATIONAL MORTGAGE ASSOCIATION II 21.82
Issuer Weight (%)
UNIFORM MBS 4.52
GOVERNMENT NATIONAL MORTGAGE ASSOCIATION I 1.87
FEDERAL HOME LOAN MORTGAGE CORPORATION -GOLD 0.82
Issuer Ticker Name Sector Asset Class Market Value Weight (%) Notional Value Nominal Par Value ISIN Price Location Exchange Duration Maturity Coupon (%) Market Currency Effective Date
Detailed Holdings and Analytics
Detailed Holdings and Analytics contains detailed portfolio holdings information and select analytics.

Exposure Breakdowns

Exposure Breakdowns

as of 20/Nov/2024

% of Market Value

Type Fund
as of 20/Nov/2024

% of Market Value

Type Fund
as of 20/Nov/2024

% of Market Value

Type Fund
as of 20/Nov/2024

% 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.

Listings

Listings

Exchange Ticker Currency Listing Date SEDOL Bloomberg Ticker RIC
Cboe Europe IMMXX MXN 17/Dec/2020 BMQ8681 IMMXX IX IMMXx.CHI
Bolsa Mexicana De Valores IMMXX MXN 17/Mar/2021 BKSH336 IMMXXN MM -

Literature

Literature