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Trending ETFs

Name

As of 05/17/2024

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

$20.16

$120 M

3.64%

$0.73

0.61%

Vitals

YTD Return

1.7%

1 yr return

12.6%

3 Yr Avg Return

-0.4%

5 Yr Avg Return

1.1%

Net Assets

$120 M

Holdings in Top 10

120.5%

52 WEEK LOW AND HIGH

$20.1
$18.43
$20.16

Expenses

OPERATING FEES

Expense Ratio 0.61%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 94.00%

Redemption Fee N/A


Min Investment

Standard (Taxable)

N/A

IRA

N/A


Fund Classification

Fund Type

Exchange Traded Fund


Name

As of 05/17/2024

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

$20.16

$120 M

3.64%

$0.73

0.61%

IYLD - Profile

Distributions

  • YTD Total Return 1.7%
  • 3 Yr Annualized Total Return -0.4%
  • 5 Yr Annualized Total Return 1.1%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 3.16%
DIVIDENDS
  • Dividend Yield 3.6%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    iShares Morningstar Multi-Asset Income ETF
  • Fund Family Name
    BlackRock-advised Funds
  • Inception Date
    Apr 03, 2012
  • Shares Outstanding
    8450000
  • Share Class
    N/A
  • Currency
    USD
  • Domiciled Country
    US

Fund Description

The Fund is a fund-of-funds and seeks to achieve its investment objective by investing primarily in the securities of the Underlying Funds that themselves seek investment results corresponding to their own underlying indexes. The Fund invests in a combination of Underlying Funds and may also invest in other exchange-traded funds (ETFs) (including other iShares funds), U.S. government securities, short-term paper, futures contracts, options on futures contracts, options, cash and cash equivalents, including shares of money market funds advised by BFA or its affiliates (BlackRock Cash Funds).
The Morningstar® Multi-Asset High Income IndexSM (the Underlying Index) is broadly diversified and seeks to deliver high current income while maintaining long-term capital appreciation.  The goal of the Underlying Index is to represent an allocation strategy to distinct asset classes of 20% equities, 60% fixed-income and 20% in an alternative income sources asset class, which consists of Underlying Funds that the index provider, Morningstar, Inc. (Morningstar or the Index Provider), considers to exhibit both equity and fixed-income-like characteristics. Each asset class has its own risk profile. The Underlying Index is rebalanced and reconstituted quarterly. The Underlying Index is comprised of Underlying Funds within these asset classes that have demonstrated relatively high income on a consistent basis and meet liquidity characteristics as determined by Morningstar's proprietary index methodology.
The 20% equity allocation consists of Underlying Funds that invest primarily in U.S. and non-U.S. equities. The 60% fixed-income allocation consists of Underlying Funds that invest primarily in U.S. and non-U.S. fixed-income securities. The 20% alternative income source allocation generally consists of Underlying Funds that invest primarily in real estate investment trusts (REITs) and preferred stocks. When the combined allocation percentages equal less than 100%, the Fund may invest the remainder of its assets in BlackRock Cash Funds. Investments in Underlying Funds that have significant non-U.S. currency exposure will not exceed 25% of the weight of the Underlying Index.
As of July 31, 2023, the Underlying Index included the following Underlying Funds within the equity asset class: iShares Emerging Markets Dividend ETF, iShares International Select Dividend ETF and iShares MSCI EAFE Value ETF; the following Underlying Funds within the fixed-income asset class: iShares 1-5 Year Investment Grade Corporate Bond ETF, iShares Floating Rate Bond ETF, iShares iBoxx $ High Yield Corporate Bond ETF, iShares J.P.
Morgan EM Local Currency Bond ETF and iShares J.P. Morgan USD Emerging Markets Bond ETF; and the following Underlying Funds within the alternatives asset class: iShares Mortgage Real Estate ETF and iShares Preferred and Income Securities ETF. The Underlying Index may add, eliminate or replace Underlying Funds at any time. As of July 31, 2023, a significant portion of the Underlying Index 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.
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 Fundand an Underlying Fund may or may not hold all of the securities in the applicable 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 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 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 isindependent 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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IYLD - Performance

Return Ranking - Trailing

Period IYLD Return Category Return Low Category Return High Rank in Category (%)
YTD 1.7% -23.7% 16.4% 22.96%
1 Yr 12.6% -8.9% 48.3% 81.76%
3 Yr -0.4%* -2.2% 16.4% 96.21%
5 Yr 1.1%* -0.7% 13.4% 94.86%
10 Yr 2.4%* 0.9% 11.8% N/A

* Annualized

Return Ranking - Calendar

Period IYLD Return Category Return Low Category Return High Rank in Category (%)
2023 6.0% -40.8% 20.6% 73.61%
2022 -21.0% -21.0% 24.5% 92.03%
2021 -0.2% -24.2% 27.8% 75.70%
2020 -5.8% -23.1% 11.7% 27.86%
2019 9.7% -100.0% 20.6% 82.83%

Total Return Ranking - Trailing

Period IYLD Return Category Return Low Category Return High Rank in Category (%)
YTD 1.7% -23.7% 16.4% 81.55%
1 Yr 12.6% -12.8% 48.3% 74.79%
3 Yr -0.4%* -3.4% 16.4% 96.07%
5 Yr 1.1%* -1.1% 13.4% 94.74%
10 Yr 2.4%* 0.9% 11.8% N/A

* Annualized

Total Return Ranking - Calendar

Period IYLD Return Category Return Low Category Return High Rank in Category (%)
2023 12.6% -40.8% 20.6% 73.61%
2022 -16.8% -21.0% 24.5% 92.03%
2021 3.4% -24.2% 27.8% 77.10%
2020 -1.2% -23.1% 11.7% 49.88%
2019 15.8% -2.9% 23.1% 92.64%

IYLD - Holdings

Concentration Analysis

IYLD Category Low Category High IYLD % Rank
Net Assets 120 M 1.12 M 110 B 66.09%
Number of Holdings 11 2 10961 0.21%
Net Assets in Top 10 151 M -31.7 M 22 B 78.08%
Weighting of Top 10 120.47% 10.8% 100.0% 94.68%

Top 10 Holdings

  1. BLACKROCK CASH FUNDS INSTITUTIONAL FUND SL AGENCY 20.58%
  2. ISHARES IBOXX HIGH YIELD CORPORATE BOND ETF 20.10%
  3. ISHARES TRUST ISHARES 1 5 YEAR INVESTMENT GRADE CO 14.93%
  4. ISHARES FLOATING RATE BOND ETF 14.65%
  5. ISHARES PREFERRED INCOME SECURITIES ETF 11.05%
  6. ISHARES INTERNATIONAL SELECT DIVIDEND ETF 10.12%
  7. ISHARES EMERGING MARKETS DIVIDEND ETF 9.87%
  8. ISHARES MORTGAGE REAL ESTATE ETF 9.27%
  9. ISHARES J P MORGAN USD EMERGING MARKETS BOND ETF 5.03%
  10. ISHARES JP MORGAN EM LOCAL CURRENCY BOND ETF 4.88%

Asset Allocation

Weighting Return Low Return High IYLD % Rank
Cash
20.70% -97.12% 185.58% 74.11%
Convertible Bonds
0.27% 0.00% 25.49% 50.10%
Stocks
0.00% -45.72% 98.42% 94.36%
Preferred Stocks
0.00% -0.03% 14.00% 0.21%
Other
0.00% -1.25% 197.12% 92.07%
Bonds
0.00% -39.76% 93.84% 4.38%

IYLD - Expenses

Operational Fees

IYLD Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.61% 0.16% 2.71% 91.86%
Management Fee 0.25% 0.00% 1.70% 19.49%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.01% 0.70% N/A

Sales Fees

IYLD Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.00% 5.75% N/A
Deferred Load N/A 1.00% 5.50% N/A

Trading Fees

IYLD Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 2.00% 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.

IYLD Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 94.00% 0.00% 441.00% 72.49%

IYLD - Distributions

Dividend Yield Analysis

IYLD Category Low Category High IYLD % Rank
Dividend Yield 3.64% 0.00% 10.92% 4.99%

Dividend Distribution Analysis

IYLD Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Annually Monthly Monthly

Net Income Ratio Analysis

IYLD Category Low Category High IYLD % Rank
Net Income Ratio 3.16% -5.20% 6.33% 12.85%

Capital Gain Distribution Analysis

IYLD Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

Distributions History

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IYLD - Fund Manager Analysis

Tenure Analysis

Category Low Category High Category Average Category Mode
0.03 30.27 6.52 9.25