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Trending ETFs

Name

As of 04/12/2024

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

$50.06

$3.03 B

4.68%

$2.35

0.25%

Vitals

YTD Return

0.3%

1 yr return

6.1%

3 Yr Avg Return

2.7%

5 Yr Avg Return

2.4%

Net Assets

$3.03 B

Holdings in Top 10

30.0%

52 WEEK LOW AND HIGH

$50.0
$49.52
$50.75

Expenses

OPERATING FEES

Expense Ratio 0.25%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 55.00%

Redemption Fee N/A


Min Investment

Standard (Taxable)

N/A

IRA

N/A


Fund Classification

Fund Type

Exchange Traded Fund


Name

As of 04/12/2024

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

$50.06

$3.03 B

4.68%

$2.35

0.25%

NEAR - Profile

Distributions

  • YTD Total Return 0.3%
  • 3 Yr Annualized Total Return 2.7%
  • 5 Yr Annualized Total Return 2.4%
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio 0.76%
DIVIDENDS
  • Dividend Yield 4.7%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    BlackRock Short Duration Bond ETF
  • Fund Family Name
    BlackRock-advised Funds
  • Inception Date
    Sep 25, 2013
  • Shares Outstanding
    93250000
  • Share Class
    N/A
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Scott Radell

Fund Description

The Fund seeks to achieve its investment objective by investing, under normal circumstances, at least 80% of its net assets in a portfolio of U.S. dollar-denominated investment-grade fixed-income securities. The Fund's reference benchmark is the Bloomberg U.S. 1-3 Year Government/Credit Bond Index, which measures the performance of U.S. dollar-denominated, government, government-related and corporate securities with remaining maturity between one and three years. The Fund primarily invests in investment-grade fixed-income securities that are rated BBB- or higher
by S&P Global Ratings and/or Fitch Ratings, Inc. (Fitch), or Baa3 or higher by Moody’s Investors Service, Inc. Moody's), or, if unrated, determined by the Fund's management team to be of equivalent quality. The Fund primarily invests in fixed- and floating-rate securities of varying maturities, such as corporate and government bonds, agency securities, instruments of non-U.S. issuers, privately issued securities, asset-backed securities (ABS) and mortgage-backed securities (MBS), structured securities, municipal bonds, repurchase agreements, money market instruments and investment companies. The Fund invests in securities issued by financial institutions such as banks, broker-dealers and insurance companies. The Fund may enter into to-be-announced transactions (TBA transactions) on a regular basis with respect to the percentage of the portfolio (if any) that consists of mortgage-backed pass-through securities. BFA or its affiliates may advise the money market funds and investment companies in which the Fund may invest.
Under normal circumstances, the effective duration of the Fund’s portfolio is expected to be three years or less, as calculated by the Fund’s management team. Effective duration is a measure of
the Fund’s price sensitivity to changes in yields or interest rates; however, investors should be aware that effective duration is not an exact measurement and may not reliably predict a particular security’s price sensitivity to changes in yield or interest rates.
The Fund may buy or sell options or futures on a security or an index of securities, or enter into credit default swaps and interest rate or foreign currency transactions, including swaps (collectively, commonly known as derivatives). The Fund may use derivatives to hedge its investments or to seek to enhance returns.
The Fund is an actively managed exchange-traded fund (ETF) that does not seek to replicate the performance of a specified index. The Fund may have a higher degree of portfolio turnover than funds that seek to replicate the performance of an index.
The Fund is not a money market fund and does not seek to maintain a stable net asset value of $1.00 per share. Please see the Fund’s Statement of Additional Information (SAI) for further information.
The Fund may lend securities representing up to one-third of the value of the Fund's total assets (including the value of the collateral received).
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NEAR - Performance

Return Ranking - Trailing

Period NEAR Return Category Return Low Category Return High Rank in Category (%)
YTD 0.3% -1.3% 3.1% 95.85%
1 Yr 6.1% -0.9% 13.0% 29.17%
3 Yr 2.7%* -2.1% 5.8% 24.27%
5 Yr 2.4%* -1.0% 3.9% 24.06%
10 Yr 1.9%* -4.5% 27.5% 23.93%

* Annualized

Return Ranking - Calendar

Period NEAR Return Category Return Low Category Return High Rank in Category (%)
2023 2.5% -2.3% 4.3% 12.90%
2022 -1.4% -6.5% 0.5% 34.29%
2021 -0.4% -2.1% 0.3% 45.10%
2020 -0.2% -3.1% 1.8% 76.41%
2019 0.8% -1.2% 6.1% 30.43%

Total Return Ranking - Trailing

Period NEAR Return Category Return Low Category Return High Rank in Category (%)
YTD 0.3% -1.3% 3.1% 95.85%
1 Yr 6.1% -0.9% 13.0% 29.17%
3 Yr 2.7%* -2.1% 5.8% 24.27%
5 Yr 2.4%* -1.0% 3.9% 24.06%
10 Yr 1.9%* -4.5% 27.5% 23.93%

* Annualized

Total Return Ranking - Calendar

Period NEAR Return Category Return Low Category Return High Rank in Category (%)
2023 7.4% 0.8% 12.1% 7.37%
2022 0.4% -5.1% 2.5% 34.29%
2021 0.3% -2.1% 14.5% 27.45%
2020 1.4% -1.0% 3.6% 65.13%
2019 3.5% 0.3% 9.6% 20.11%

NEAR - Holdings

Concentration Analysis

NEAR Category Low Category High NEAR % Rank
Net Assets 3.03 B 25.6 K 22.6 B 23.08%
Number of Holdings 868 2 1291 9.05%
Net Assets in Top 10 926 M 32.5 K 18.4 B 19.46%
Weighting of Top 10 30.02% 5.6% 163.3% 29.41%

Top 10 Holdings

  1. U.S. Treasury Notes 14.96%
  2. United States Treasury Note/Bond - When Issued 4.00%
  3. BlackRock Cash Funds: Institutional, SL Agency Shares 3.29%
  4. United States Treasury Note/Bond - When Issued 2.59%
  5. Citibank Credit Card Issuance Trust 0.98%
  6. Bank of America Corp 0.92%
  7. 7-Eleven Inc 0.90%
  8. Amgen Inc 0.85%
  9. U.S. Treasury Notes 0.79%
  10. General Mills Inc 0.74%

Asset Allocation

Weighting Return Low Return High NEAR % Rank
Bonds
83.35% 0.00% 128.16% 39.82%
Other
15.03% -29.59% 99.92% 34.84%
Cash
4.07% 0.00% 109.89% 52.94%
Convertible Bonds
3.86% 0.00% 15.25% 42.73%
Stocks
0.00% 0.00% 97.29% 99.55%
Preferred Stocks
0.00% 0.00% 0.00% 99.55%

Bond Sector Breakdown

Weighting Return Low Return High NEAR % Rank
Corporate
61.72% 0.00% 99.91% 11.82%
Securitized
21.94% 0.00% 100.00% 59.09%
Cash & Equivalents
4.07% 0.00% 109.89% 51.58%
Derivative
0.20% -29.59% 21.59% 4.52%
Municipal
0.00% 0.00% 70.39% 100.00%
Government
0.00% 0.00% 100.00% 99.55%

Bond Geographic Breakdown

Weighting Return Low Return High NEAR % Rank
US
79.14% 0.00% 128.16% 47.06%
Non US
4.22% 0.00% 22.24% 10.41%

NEAR - Expenses

Operational Fees

NEAR Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.25% 0.02% 28.11% 85.39%
Management Fee 0.25% 0.00% 1.19% 57.47%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.01% 0.40% N/A

Sales Fees

NEAR Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 1.50% 5.75% N/A
Deferred Load N/A 0.25% 1.00% N/A

Trading Fees

NEAR Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.00% 1.00% 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.

NEAR Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 55.00% 0.00% 369.54% 33.33%

NEAR - Distributions

Dividend Yield Analysis

NEAR Category Low Category High NEAR % Rank
Dividend Yield 4.68% 0.00% 8.10% 37.10%

Dividend Distribution Analysis

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

Net Income Ratio Analysis

NEAR Category Low Category High NEAR % Rank
Net Income Ratio 0.76% -1.30% 14.86% 25.35%

Capital Gain Distribution Analysis

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

Distributions History

View More +

NEAR - Fund Manager Analysis

Managers

Scott Radell


Start Date

Tenure

Tenure Rank

Sep 25, 2013

8.68

8.7%

Scott Radell has been employed as managing director and portfolio manager with BlackRock Investment Management LLC and BlackRock Financial Advisers (formerly, Barclays Global Fund Advisors) and its predecessors since 2009. Mr. Radell served as a portfolio manager at Barclays Global Fund Advisors and its affiliates since 2004. Radell was a credit strategist from 2003 to 2004 before becoming a CoreAlpha Bond Portfolio Manager and prior to that he was employed by Morgan Stanley Asset Management as a credit analyst from 1996 to 2003.

Scott MacLellan


Start Date

Tenure

Tenure Rank

Oct 15, 2020

1.62

1.6%

Scott MacLellan, CFA, Director, is a portfolio manager on the Short Duration team within the BlackRock Multi-Sector Fixed Income Portfolio Management Group. Prior to assuming his current responsibilities in 2008, Mr. MacLellan was a member of the Global Client Group, focused on Japanese clients. He also served as a product specialist for short duration and LIBOR-benchmarked fixed income products. Previously, Mr. MacLellan spent four years with Nomura BlackRock Asset Management (NBAM), a former joint venture between BlackRock and Nomura Asset Management Co., Ltd, in Tokyo as an account manager. Prior to joining NBAM in 2001, Mr. MacLellan spent a year in the Global Finance and Investment Department of IBJ Leasing in Tokyo. Mr. MacLellan earned a BS degree, with honors, in economics and international development studies from King's College in 1997.

Akiva Dickstein


Start Date

Tenure

Tenure Rank

Oct 15, 2020

1.62

1.6%

Akiva Dickstein, Managing Director, is Head of Customized Core Portfolios within BlackRock's Americas Fixed Income Alpha Strategies and a member of the Americas Fixed Income Executive Team. Mr. Dickstein has been the lead portfolio manager on BlackRock's mortgage portfolios since joining BlackRock in 2009. Prior to that, Mr. Dickstein spent eight years at Merrill Lynch, where he served as Managing Director and head of the U.S. Rates & Structured Credit Research Group. He was responsible for the team that produced MBS, ABS, CMBS, Treasuries, swaps, and interest rate derivatives research. Mr. Dickstein's publications on MBS strategy included the weekly Mortgage Investor as well as numerous lengthier articles on topics such as optimal loan modifications, the valuation of credit-sensitive MBS and ABS, and the pricing of mortgage derivatives, options, and pass-throughs. In addition, he developed Merrill's prepayment models for fixed rate and hybrid MBS. From 1993 to 2001, Mr. Dickstein was with Lehman Brothers, most recently as a Senior Vice President in Mortgage Derivatives Trading. In this role, he traded mortgage derivatives and developed Lehman's credit default model. He joined Lehman as a mortgage and asset-backed securities analyst and was named to Institutional Investor's All American Fixed Income Research Team in pass-throughs, non-agency mortgages, and asset-backed securities. Mr. Dickstein earned a BA degree in economics, summa cum laude, from Yale University in 1990, and an MA degree in physics from Princeton University in 1993.

James Mauro


Start Date

Tenure

Tenure Rank

Mar 01, 2021

1.25

1.3%

Head of San Francisco Fixed Income Core PM at BlackRock, Inc. since 2020; Managing Director of BlackRock, Inc. since 2015; Director of BlackRock, Inc. from 2010 to 2014; Vice President of State Street Global Advisors from 2001 to 2010. James Mauro has been employed by BlackRock Fund Advisors and BlackRock Institutional Trust Company, N.A. (“BTC”) as a portfolio manager since 2011. Prior to joining BTC, Mr. Mauro was a Vice President at State Street Global Advisors. His primary responsibilities include management of all government, inflation linked and derivative strategies. Other responsibilities include hedging and managing risk across all asset classes through futures and option overlays. James joined State Street Corporation in 1993. Previously, he worked as a portfolio manager on the passive team where he co-managed several Bond Index portfolios.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.08 32.44 6.56 0.13