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CMBS

iShares CMBS ETF

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  • NAV as of Nov 20, 2024 $47.33
    52 WK: 45.24 - 48.71
  • 1 Day NAV Change as of Nov 20, 2024 -0.04 (-0.08%)
  • NAV Total Return as of Nov 19, 2024 YTD: 4.18%
  • Morningstar Rating
  • Fees as stated in the prospectus Expense Ratio: 0.25%

Overview

Why CMBS?

1. Exposure to U.S. commercial mortgage-backed bonds

 

2. Targeted access to a specific segment of the domestic mortgage-backed bond market

 

3. Use to seek income

INVESTMENT OBJECTIVE

The iShares CMBS ETF seeks to track the investment results of an index composed of investment-grade commercial mortgage-backed securities.
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Performance

Performance

Growth of Hypothetical $10,000

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The Hypothetical Growth of $10,000 chart reflects a hypothetical $10,000 investment and assumes reinvestment of dividends and capital gains. Fund expenses, including management fees and other expenses were deducted.

The performance quoted represents past performance and does not guarantee future results. Investment return and principal value of an investment will fluctuate so that an investor’s shares, when sold or redeemed, may be worth more or less than the original cost. Current performance may be lower or higher than the performance quoted, and numbers may reflect small variances due to rounding. Standardized performance and performance data current to the most recent month end may be found in the Performance section.

Distributions

Record Date Ex-Date Payable Date
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Record Date Ex-Date Payable Date Total Distribution Income ST Cap Gains LT Cap Gains Return of Capital

Premium/Discount

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  1y 3y 5y 10y Incept.
Total Return (%) 11.42 -0.63 0.88 2.13 2.35
Market Price (%) 12.21 -0.43 1.02 2.17 2.41
Benchmark (%) 11.83 -0.28 1.22 2.44 2.70
After Tax Pre-Liq. (%) 9.96 -1.79 -0.23 1.03 1.29
After Tax Post-Liq. (%) 6.71 -0.97 0.21 1.15 1.35
  YTD 1m 3m 6m 1y 3y 5y 10y Incept.
Total Return (%) 6.12 1.27 4.59 5.25 11.42 -1.89 4.49 23.43 34.08
Market Price (%) 6.85 2.22 5.08 5.60 12.21 -1.30 5.21 23.93 35.11
Benchmark (%) 6.25 1.30 4.65 5.36 11.83 -0.85 6.28 27.28 39.97
After Tax Pre-Liq. (%) 5.20 1.16 4.24 4.55 9.96 -5.26 -1.17 10.81 17.64
After Tax Post-Liq. (%) 3.60 0.75 2.71 3.09 6.71 -2.89 1.05 12.16 18.46
  2019 2020 2021 2022 2023
Total Return (%) 8.03 7.84 -1.65 -11.18 4.93
Market Price (%) 7.92 8.03 -1.82 -11.21 5.06
Benchmark (%) 8.29 8.11 -1.16 -10.91 5.42
The performance quoted represents past performance and does not guarantee future results. Investment return and principal value of an investment will fluctuate so that an investor's shares, when sold or redeemed, may be worth more or less than the original cost. Current performance may be lower or higher than the performance quoted.

Key Facts

Key Facts

Net Assets of Fund
as of Nov 20, 2024
$444,930,108
Exchange
NYSE Arca
Benchmark Index
Bloomberg U.S. CMBS (ERISA Only) Index
Shares Outstanding
as of Nov 20, 2024
9,400,000
Premium/Discount
as of Nov 20, 2024
0.06%
Closing Price
as of Nov 20, 2024
47.36
30 Day Median Bid/Ask Spread
as of Nov 20, 2024
0.34%
Fund Launch Date
Feb 14, 2012
Asset Class
-
Bloomberg Index Ticker
LUCMTRUU
Distribution Frequency
Monthly
CUSIP
46429B366
30 Day Avg. Volume
as of Nov 20, 2024
36,412.00
Daily Volume
as of Nov 20, 2024
37,540.00

NAIC Designated (Schedule D Eligible)

Portfolio Characteristics

Portfolio Characteristics

Number of Holdings
as of Nov 19, 2024
477
30 Day SEC Yield
as of Nov 19, 2024
4.01%
Standard Deviation (3y)
as of Oct 31, 2024
5.84%
Equity Beta (3y)
as of Oct 31, 2024
0.20
12m Trailing Yield
as of Nov 19, 2024
3.23%
This information must be preceded or accompanied by a current prospectus. For standardized performance, please see the Performance section above.

Sustainability Characteristics

Sustainability Characteristics

To be included in MSCI ESG Fund Ratings, 65% (or 50% for bond funds and money market funds) of the fund’s gross weight must come from securities with ESG coverage by MSCI ESG Research (certain cash positions and other asset types deemed not relevant for ESG analysis by MSCI are removed prior to calculating a fund’s gross weight; the absolute values of short positions are included but treated as uncovered), the fund’s holdings date must be less than one year old, and the fund must have at least ten securities. MSCI Ratings are currently unavailable for this fund.

Fees

Fees

as of current prospectus
Management Fee 0.25%
Acquired Fund Fees and Expenses 0.00%
Other Expenses 0.00%
Expense Ratio 0.25%

The amounts shown above are as of the current prospectus, but may not include extraordinary expenses incurred by the Fund over the past fiscal year. Amounts are rounded to the nearest basis point, which in some cases may be "0.00".

Ratings

Ratings

Morningstar Rating

4 stars
Overall Morningstar Rating for iShares CMBS ETF, as of Oct 31, 2024 rated against 431 Intermediate Core Bond Funds based on risk adjusted total return.

Holdings

Holdings

Ticker Name Sector Asset Class Market Value Weight (%) Notional Value Shares CUSIP ISIN SEDOL Location Exchange Currency FX Rate Accrual Date
Detailed Holdings and Analytics
Holdings are subject to change.



The values shown for “market value,” “weight,” and “notional value” (the “calculated values”) are based off of a price provided by a third-party pricing vendor for the portfolio holding and do not reflect the impact of systematic fair valuation (“the vendor price”). The vendor price is not necessarily the price at which the Fund values the portfolio holding for the purposes of determining its net asset value (the “valuation price”). Holdings data shown reflects the investment book of record, which may differ from the accounting book of record used for the purposes of determining the Net Assets of the Fund. Additionally, where applicable, foreign currency exchange rates with respect to the portfolio holdings denominated in non-U.S. currencies for the valuation price will be generally determined as of the close of business on the New York Stock Exchange, whereas for the vendor price will be generally determined as of 4 p.m. London. The calculated values may have been different if the valuation price were to have been used to calculate such values. The vendor price is as of the most recent date for which a price is available and may not necessarily be as of the date shown above.

Please see the “Determination of Net Asset Value” section of each Fund’s prospectus for additional information on the Fund’s valuation policies and procedures.

Exposure Breakdowns

Exposure Breakdowns

as of Nov 19, 2024

% of Market Value

Type Fund
Allocations are subject to change.

Literature

Literature

 

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READY TO INVEST?

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Carefully consider the Funds' investment objectives, risk factors, and charges and expenses before investing. This and other information can be found in the Funds' prospectuses or, if available, the summary prospectuses, which may be obtained by visiting the iShares ETF and BlackRock Fund prospectus pages. Read the prospectus carefully before investing. Investing involves risk, including possible loss of principal.

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Before engaging Fidelity or any broker-dealer, you should evaluate the overall fees and charges of the firm as well as the services provided. Free commission offer applies to online purchases of select iShares ETFs in a Fidelity account. The sale of ETFs is subject to an activity assessment fee (from $0.01 to $0.03 per $1,000 of principal). For iShares ETFs, Fidelity receives compensation from the ETF sponsor and/or its affiliates in connection with an exclusive long-term marketing program that includes promotion of iShares ETFs and inclusion of iShares funds in certain Fidelity Brokerage Services platforms and investment programs. Please note, this security will not be marginable for 30 days from the settlement date, at which time it will automatically become eligible for margin collateral. Additional information about the sources, amounts, and terms of compensation can be found in the ETF’s prospectus and related documents. Fidelity may add or waive commissions on ETFs without prior notice.

The Funds are distributed by BlackRock Investments, LLC (together with its affiliates, “BlackRock”).

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