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iShares Yield Optimized Bond ETF

ETF
BYLD
Payout Change
Pending
Price as of:
$22.4268 +-0.0 +-0.01%
primary theme
U.S. Intermediate-Term Bond Duration
BYLD (ETF)

iShares Yield Optimized Bond ETF

Payout Change
Pending
Price as of:
$22.4268 +-0.0 +-0.01%
primary theme
U.S. Intermediate-Term Bond Duration
BYLD (ETF)

iShares Yield Optimized Bond ETF

Payout Change
Pending
Price as of:
$22.4268 +-0.0 +-0.01%
primary theme
U.S. Intermediate-Term Bond Duration

Name

As of 11/22/2024

Price

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.

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iShares Yield Optimized Bond ETF

BYLD | ETF

$22.43

$194 M

5.54%

$1.24

0.43%

Vitals

YTD Return

4.4%

1 yr return

8.8%

3 Yr Avg Return

0.8%

5 Yr Avg Return

1.1%

Net Assets

$194 M

Holdings in Top 10

111.8%

52 WEEK LOW AND HIGH

$22.4
$21.77
$22.96

Expenses

OPERATING FEES

Expense Ratio 0.43%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 57.00%

Redemption Fee N/A

Min Investment

Standard (Taxable)

N/A

IRA

N/A

Fund Classification

Fund Type

Exchange Traded Fund

Name

As of 11/22/2024

Price

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

iShares Yield Optimized Bond ETF

BYLD | ETF

$22.43

$194 M

5.54%

$1.24

0.43%

BYLD - Profile

Distributions

  • YTD Total Return 4.4%
  • 3 Yr Annualized Total Return 0.8%
  • 5 Yr Annualized Total Return 1.1%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 2.49%
DIVIDENDS
  • Dividend Yield 5.5%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    iShares Yield Optimized Bond ETF
  • Fund Family Name
    BlackRock-advised Funds
  • Inception Date
    Apr 22, 2014
  • Shares Outstanding
    3900000
  • Share Class
    N/A
  • Currency
    USD
  • Domiciled Country
    US

Fund Description

The Fund is a fund of funds and seeks to track the investment results of the Morningstar® U.S. Bond Market Yield-Optimized IndexSM (the “Underlying Index”). The Underlying Index consists
exclusively of underlying iShares exchange-traded funds (“ETFs”) that themselves seek investment results corresponding to their own underlying indexes. The Fund invests primarily in the Underlying Funds and cash and cash equivalents, including shares of money market funds advised by BFA or its affiliates (“BlackRock Cash Funds”).
The Underlying Index is a broadly diversified fixed-income index that seeks to deliver current income while maintaining long-term capital appreciation. The Underlying Index is composed of Underlying Funds within fixed-income sectors that collectively have demonstrated relatively high risk-adjusted income on a consistent basis and meet liquidity characteristics as determined by Morningstar, Inc.’s “Morningstar” or the “Index Provider”) proprietary index methodology. The goal of the Underlying Index is to represent an allocation to five distinct fixed-income sectors, with the exposure to each sector capped at a specified percentage of the Underlying Index. The five sectors currently included in the Underlying Index, and each sector’s respective current caps, are: between 10% to 50% U.S. government and government-related fixed-income securities, between 10% to 50% U.S. securitized fixed-income securities,
between 10% to 50% U.S. investment-grade (as determined by Morningstar) credit securities, no more than 20% U.S. non-investment-grade credit securities and no more than 10% emerging market debt. These five sectors are represented by Underlying Funds that Morningstar considers to deliver higher risk-adjusted yields. Each fixed-income sector has its own return and risk profile. The combined allocation percentages of the five represented sectors will equal 100%. The Underlying Index is rebalanced and reconstituted quarterly.
As of September 23, 2024, the Underlying Index included the following Underlying Funds within (i) the U.S. government related sector: iShares 0-3 Month Treasury Bond ETF; (ii) the U.S. securitized sector: iShares CMBS ETF; (iii) the U.S. investment-grade credit sector: iShares 10+ Year Investment Grade Corporate Bond ETF and iShares Floating Rate Bond ETF; (iv) the U.S. non-investment-grade sector: iShares Broad USD High Yield Corporate Bond ETF; and (v) the emerging market debt sector: iShares J.P. Morgan EM High Yield Bond ETF. The Underlying Index may add, eliminate or replace Underlying Funds at reconstitution. The Underlying Index may indirectly include securities issued by sovereign entities. As of September 23, 2024, a significant portion of the Underlying Funds' Underlying Indexes is represented by securities of companies in the financials industry or sector. 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.
To the extent that 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 value and industry weightings), fundamental characteristics (such as return variability and yield) and liquidity measures similar to those of an applicable underlying index. The Fund or each Underlying Fund may or may not hold all of the securities in the applicable Underlying Index.
The Fund will invest at least 80% of its assets in the component securities of the Underlying Index and to-be-announced transactions (“TBAs”) that have economic characteristics that are substantially identical to the economic characteristics of the component securities of the Underlying Index, and the Fund will invest at least 90% of its assets in fixed income securities of the types included in the Underlying Index that BFA believes will help the Fund track the Underlying Index. The Fund
will invest no more than 10% of its assets in futures, options and swaps contracts that BFA believes will help the Fund track the Underlying Index as well as in fixed income securities other than the types 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 TBA position will be treated as part of that position for purposes of calculating investments in the component securities of 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 Fund may lend securities representing up to one-third of the value of the Fund's total assets (including the value of any collateral received).
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.
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BYLD - Performance

Return Ranking - Trailing

Period BYLD Return Category Return Low Category Return High Rank in Category (%)
YTD 4.4% -6.4% 11.1% 4.00%
1 Yr 8.8% -2.5% 16.8% 4.52%
3 Yr 0.8%* -9.8% 27.7% 1.06%
5 Yr 1.1%* -7.5% 58.4% 10.40%
10 Yr 2.4%* -2.9% 73.8% 8.59%

* Annualized

Return Ranking - Calendar

Period BYLD Return Category Return Low Category Return High Rank in Category (%)
2023 3.5% -16.2% 8.1% 5.86%
2022 -13.2% -34.7% 131.9% 6.84%
2021 -3.4% -11.6% 4.4% 49.06%
2020 0.7% -10.1% 946.1% 94.20%
2019 8.6% -1.7% 16.9% 0.83%

Total Return Ranking - Trailing

Period BYLD Return Category Return Low Category Return High Rank in Category (%)
YTD 4.4% -6.4% 11.1% 4.00%
1 Yr 8.8% -2.5% 16.8% 4.52%
3 Yr 0.8%* -9.8% 27.7% 1.06%
5 Yr 1.1%* -7.5% 58.4% 10.40%
10 Yr 2.4%* -2.9% 73.8% 8.59%

* Annualized

Total Return Ranking - Calendar

Period BYLD Return Category Return Low Category Return High Rank in Category (%)
2023 8.3% -11.3% 11.9% 2.88%
2022 -10.3% -32.2% 131.9% 5.58%
2021 -1.3% -9.4% 9.2% 59.63%
2020 4.3% -1.9% 1009.0% 95.45%
2019 12.8% 1.1% 21668.0% 0.83%

BYLD - Holdings

Concentration Analysis

BYLD Category Low Category High BYLD % Rank
Net Assets 194 M 2.9 M 314 B 81.95%
Number of Holdings 10 1 17787 98.36%
Net Assets in Top 10 224 M 1.62 M 35.1 B 60.43%
Weighting of Top 10 111.80% 4.4% 432.9% 0.83%

Top 10 Holdings

  1. iShares 10+ Year Investment Grade Corporate Bond ETF 21.08%
  2. iShares 0-3 Month Treasury Bond ETF 20.43%
  3. iShares Broad USD High Yield Corporate Bond ETF 20.07%
  4. BlackRock Cash Funds: Institutional, SL Agency Shares 11.79%
  5. iShares CMBS ETF 10.11%
  6. iShares J.P. Morgan EM High Yield Bond ETF 10.01%
  7. iShares Floating Rate Bond ETF 9.84%
  8. iShares Investment Grade Systematic Bond ETF 7.54%
  9. iShares Broad USD Investment Grade Corporate Bond ETF 0.90%
  10. BlackRock Cash Funds: Treasury, SL Agency Shares 0.03%

Asset Allocation

Weighting Return Low Return High BYLD % Rank
Cash 		11.82% -54.51% 237.69% 15.52%
Convertible Bonds 		2.75% 0.00% 7.93% 11.80%
Stocks 		0.00% 0.00% 99.99% 65.44%
Preferred Stocks 		0.00% 0.00% 71.02% 61.56%
Other 		0.00% -27.25% 52.94% 87.77%
Bonds 		0.00% 0.00% 993.61% 98.87%

BYLD - Expenses

Operational Fees

BYLD Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.43% 0.01% 39.64% 80.56%
Management Fee 0.28% 0.00% 1.76% 25.23%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.01% 0.50% N/A

Sales Fees

BYLD Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 2.00% 5.75% N/A
Deferred Load N/A 1.00% 4.00% N/A

Trading Fees

BYLD 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.

BYLD Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 57.00% 2.00% 493.39% 21.94%

BYLD - Distributions

Dividend Yield Analysis

BYLD Category Low Category High BYLD % Rank
Dividend Yield 5.54% 0.00% 10.11% 6.26%

Dividend Distribution Analysis

BYLD Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Monthly Monthly Monthly

Net Income Ratio Analysis

BYLD Category Low Category High BYLD % Rank
Net Income Ratio 2.49% -1.28% 4.79% 10.94%

Capital Gain Distribution Analysis

BYLD Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Semi-Annually Annually

Distributions History

View More +

BYLD - Fund Manager Analysis

Tenure Analysis

Category Low Category High Category Average Category Mode
0.08 33.43 6.77 1.16

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