Yield
as of 5/23/2013
View all distributions
| Description |
% |
|
30-Day SEC Yield
30-Day SEC Yield
A standard yield calculation developed by the Securities and Exchange Commission that allows for fairer comparisons among bond funds. It is based on the most recent 30-day period. This yield figure reflects the interest earned during the period after deducting the fund's expenses for the period.
For funds holding To-Be-Announced (TBA) contracts, the 30 day SEC yield includes income earned on cash holdings and direct holdings of mortgage pools, net of fund expenses . Certain funds obtain a significant amount of its mortgage market exposure through TBA transactions. Those Funds invest cash pending settlement of any TBA transactions in high-quality, liquid short-term instruments. TBA contracts provide the fund with economic exposure to the mortgage market. The income that they generate is paid out in fund distributions but is not included in the SEC yield calculation. As a result, for funds holding TBA contracts, the SEC yield will generally be below the stated fund distribution yield.
|
1.70%
|
|
Average Yield to Maturity
Average Yield to Maturity
Yield to Maturity (YTM) is the discount rate that equates the present value of a bond's cash flows with its market price (including accrued interest). The Fund Average YTM is the weighted average of the fund's individual bond holding YTMs based upon Net Asset Value ('NAV'). The measure does not include fees and expenses.
|
2.62%
|
|
Distribution Yield
Distribution Yield
The annual yield an investor would receive if the most recent fund distribution stayed the same going forward. The yield represents a single distribution from the fund and does not represent the total return of the fund. The yield is calculated by annualizing the most recent distribution and dividing by the fund NAV from the as-of date.
|
1.15%
|
|
12-Month Yield
12-Month Yield
The yield an investor would have received if they had held the fund over the last twelve months assuming the most recent NAV. The 12-Month yield is calculated by summing any income distributions over the past twelve months and dividing by the sum of the most recent NAV and any capital gain distributions made over the past twelve months.
as of 5/23/2013
|
0.94%
|
Fundamentals
as of 5/23/2013
| Description |
Value |
|
Weighted Average Maturity
Weighted Average Maturity
The mean of the remaining term to maturity of the underlying bonds in a portfolio.
|
6.07 yr |
|
Weighted Average Coupon
Weighted Average Coupon
The mean of the coupon rate of the underlying bonds in a portfolio.
|
4.12% |
|
Effective Duration
Effective Duration
A measure of the potential responsiveness of a bond or portfolio price to small parallel shifts in interest rates. Effective Duration takes into account the possible changes in expected bond cash flows due to small parallel shifts in interest rates.
|
4.08
|
|
Standard Deviation (3 year)
Standard Deviation
The Standard Deviation is the statistical measure of the degree to which an individual value in a probability distribution tends to vary from the mean of the distribution. It is widely applied in modern portfolio theory, where the past performance of securities is used to determine the range of possible future performance, and a probability is attached to each performance.
as of 4/30/2013
|
--
|
Avg. Annualized Total Returns (NAV)
qtr. as of 3/31/2013
View all performance
| |
1 Year |
3 Years |
5 Years |
10 Years |
Since Inception |
| GNMA |
1.09% |
-- |
-- |
-- |
0.71% |
| Index
Index
Barclays U.S. GNMA Bond Index
|
1.80% |
4.91% |
5.47% |
5.10% |
1.40% |
Sector Breakdown
as of 5/23/2013*
View all holdings
| Sector |
% of Fund |
|
|
MBS PASSTHROUGH
98.34%
|
|
|
Other/Undefined
1.66%
|
| |
| |
| |
| |
Maturity
as of 5/23/2013
View all holdings
| Time to Maturity |
% of Fund |
| 0-1 Years | 45.89% |
| 1-5 Years | 0.00% |
| 5-10 Years | 0.00% |
| 10-15 Years | 2.67% |
| 15-20 Years | 0.00% |
| 20-25 Years | 0.00% |
| 25 Years and Over | 49.78% |
| Average | 6.07 years |
Top Holdings
as of 5/23/2013*
View all holdings
| Name |
% of Fund |
Coupon |
Maturity |
Moody's/S&P Rating |
| GNMA2 30YR TBA(REG C) |
12.33% |
4.50 |
6/20/2013 |
NR /AA+ |
| GNMA2 30YR |
7.44% |
4.00 |
9/20/2042 |
Aaa /AA+ |
| GNMA2 30YR |
6.87% |
3.50 |
9/20/2042 |
Aaa /AA+ |
| GNMA2 30YR TBA(REG C) |
6.21% |
3.00 |
6/20/2013 |
NR /AA+ |
| GNMA2 30YR |
5.67% |
5.00 |
7/20/2042 |
Aaa /AA+ |
| GNMA 30YR TBA(REG C) |
5.62% |
4.50 |
6/20/2013 |
Aaa /AA+ |
| GNMA 30YR TBA(REG C) |
4.80% |
5.00 |
6/20/2013 |
Aaa /AA+ |
| GNMA 30YR TBA(REG C) |
4.46% |
5.50 |
6/20/2013 |
Aaa /AA+ |
| GNMA2 30YR |
4.14% |
3.00 |
12/20/2042 |
Aaa /AA+ |
| GNMA2 30YR |
4.02% |
3.50 |
10/20/2042 |
Aaa /AA+ |
| Total | 61.56% | |
Profile
as of 5/24/2013
| Description |
Value |
| Total Net Assets | $24,589,656 |
|
Expense Ratio
|
0.25%
|
| Shares Outstanding | 500,000 |
Number of Holdings as of 5/23/2013 |
61
|
|
Fund Credit Rating - S&P**
Fund Credit Rating - S&P
The purpose of the ratings is to provide investors with a simple system of gradation by which relative creditworthiness of a fund's securities may be noted. The ratings shown are provided by S&P.
|
AAf |
| Inception Date | 2/14/2012 |
| Index | Barclays U.S. GNMA Bond Index |
| Index Ticker | LGNMTRUU |
Net Asset Value as of 5/24/2013 |
$49.18
|
Price as of 5/24/2013 |
$49.86
|
|
|
Credit Ratings
as of 5/23/2013
S&P/Moody's |
S&P |
Moody's |
| AAA/Aaa |
0.00% |
73.23% |
| AA+/Aa1 |
98.34% |
0.00% |
| AA/Aa2 |
0.00% |
0.00% |
| AA-/Aa3 |
0.00% |
0.00% |
| A+/A1 |
0.00% |
0.00% |
| A/A2 |
0.00% |
0.00% |
| A-/A3 |
0.00% |
0.00% |
| BBB+/Baa1 |
0.00% |
0.00% |
| BBB/Baa2 |
0.00% |
0.00% |
| BBB-/Baa3 |
0.00% |
0.00% |
| BB+/Ba1 |
0.00% |
0.00% |
| BB/Ba2 |
0.00% |
0.00% |
| BB-/Ba3 |
0.00% |
0.00% |
| B+/B1 |
0.00% |
0.00% |
| B/B2 |
0.00% |
0.00% |
| B-/B3 |
0.00% |
0.00% |
| CCC+/Caa1 |
0.00% |
0.00% |
| CCC/Caa2 |
0.00% |
0.00% |
| CCC-/Caa3 |
0.00% |
0.00% |
| CC/Ca |
0.00% |
0.00% |
| C/C |
0.00% |
0.00% |
| R/-- |
0.00% |
-- |
| SD/-- |
0.00% |
-- |
| D/-- |
0.00% |
-- |
| Not Rated |
0.00% |
25.11% |
| Other |
1.66% |
1.66% |
Why iShares?
- Professional quality – iShares delivers quality products that can help you navigate today’s volatile markets
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** For more information on S&P fund credit ratings, please click here.
Carefully consider the iShares Funds' investment objectives, risk factors, and charges and expenses before investing. This and other information can be found in the Funds' prospectuses, which may be obtained by calling 1-800-iShares (1-800-474-2737), or by viewing or downloading a prospectus. Read the prospectus carefully before investing.
Investing involves risk, including possible loss of principal.
Certain iShares funds are subject to management fee breakpoints as assets increase. The breakpoints take effect immediately after asset tier levels are reached, thus a fund's actual management fee being applied may not match the fund's web site or prospectus on a given day.
‡ “Acquired Fund Fees and Expenses” reflect the Fund's pro rata share of the indirect fees and expenses incurred by investing in one or more acquired funds, such as mutual funds, business development companies, or other pooled investment vehicles. Acquired Fund Fees and Expenses are reflected in the prices of the acquired funds and thus included in the total returns of the Fund.
* BlackRock Fund Advisors ("BFA"), the investment advisor to the iShares Barclays GNMA Bond Fund and an affiliate of BlackRock Investments, LLC, has contractually agreed to waive its management fees in an amount equal to the Acquired Fund Fees and Expenses attributable to the Fund’s investment in other registered investment companies through December 31, 2015. In addition, BFA has contractually agreed to waive any additional portion of its management fees necessary to limit the Total Annual Fund Operating Expenses to 0.20% of average daily net assets through December 31, 2013.
The iShares Funds ("Funds") are distributed by BlackRock Investments, LLC (together with its affiliates, "BlackRock").
Bonds and bond funds will decrease in value as interest rates rise.
In addition to the normal risks associated with investing, narrowly focused investments typically exhibit higher volatility. Mortgage-backed securities (“MBS”) represent interests in “pools” of mortgages and are subject to credit, prepayment and extension risk, and therefore react differently to changes in interest rates than other bonds. Small movements in interest rates may quickly and significantly reduce the value of certain MBS.
Index returns are for illustrative purposes only and do not represent actual iShares performance. Index performance returns do not reflect any management fees, transaction costs or expenses. Indexes are unmanaged and one cannot invest directly in an index. Past performance does not guarantee future results.
The iShares Funds are not sponsored, endorsed or issued by Barclays Capital Inc. This company does not make any representation regarding the advisability of investing in the Funds. BlackRock is not affiliated with the company listed above.
Shares of iShares Funds are bought and sold at market price (not NAV) and are not individually redeemed from the Fund. Brokerage commissions will reduce returns.
Certain sectors and markets perform exceptionally well based on current market conditions and iShares funds can benefit from that performance. Achieving such exceptional returns involves the risk of volatility and investors should not expect that such results will be repeated.
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