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Name

As of 12/27/2024

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 J.P. Morgan EM Corporate Bond ETF

CEMB | ETF

$44.37

$419 M

5.29%

$2.35

0.50%

Vitals

YTD Return

5.8%

1 yr return

5.8%

3 Yr Avg Return

0.1%

5 Yr Avg Return

1.2%

Net Assets

$419 M

Holdings in Top 10

12.9%

52 WEEK LOW AND HIGH

$44.5
$43.56
$46.02

Expenses

OPERATING FEES

Expense Ratio 0.50%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 16.00%

Redemption Fee N/A

Min Investment

Standard (Taxable)

N/A

IRA

N/A

Fund Classification

Fund Type

Exchange Traded Fund

Name

As of 12/27/2024

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 J.P. Morgan EM Corporate Bond ETF

CEMB | ETF

$44.37

$419 M

5.29%

$2.35

0.50%

CEMB - Profile

Distributions

  • YTD Total Return 5.8%
  • 3 Yr Annualized Total Return 0.1%
  • 5 Yr Annualized Total Return 1.2%
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio 3.36%
DIVIDENDS
  • Dividend Yield 5.3%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    iShares J.P. Morgan EM Corporate Bond ETF
  • Fund Family Name
    BlackRock-advised Funds
  • Inception Date
    Apr 17, 2012
  • Shares Outstanding
    7400000
  • Share Class
    N/A
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    James Mauro

Fund Description

The Fund seeks to track the investment results of the J.P. Morgan CEMBI Broad Diversified Core Index (the “Underlying Index”), which tracks the performance of the U.S. dollar-denominated emerging market corporate bond market. All bonds included in the Underlying Index are selected according to a set of rule-based inclusion criteria regarding issue size, bond type, maturity, and liquidity. The securities included in the Underlying Index are rebalanced on the last business day of each month. Eligible countries included in the Underlying Index are determined by JPMorgan Chase & Co. or its affiliates (the “Index Provider” or “J.P. Morgan”) based on the Index Provider’s definition of emerging market countries.
The Underlying Index includes bonds issued by corporations based in Latin American, Eastern European, Middle Eastern/African, and Asian countries (excluding Japan). Once the universe of emerging markets countries has been defined, the eligible securities from these countries must be selected for inclusion in the Underlying Index. Bonds
are eligible for inclusion in the Underlying Index if (i) the issuer is headquartered in an emerging market country, (ii) the issue is 100% guaranteed by an entity within an emerging market economy, or (iii) 100% of the issuer’s operating assets are located within emerging market economies. Eligible individual securities must have a minimum outstanding face value of $500 million or more. All component securities included in the Underlying Index must be U.S. dollar-denominated bonds with a minimum of 2.5 years to maturity or greater to be eligible for the Underlying Index and a remaining maturity of one year or greater at the time of rebalancing to remain eligible for the Underlying Index. There are no ratings restrictions on either the individual bonds or the country of risk. As a result, the Underlying Index consists of both investment-grade and non-investment-grade bonds (commonly referred to as “junk bonds”).
The Underlying Index uses J.P. Morgan’s proprietary market capitalization weighted methodology. The methodology is designed to distribute the weight of each country within the Underlying Index by limiting the weights of countries with higher debt outstanding and reallocating this excess to countries with lower debt outstanding. As of October 31, 2023, the Underlying Index included issuers located in 46 emerging and frontier market countries. Components of the Underlying Index primarily include companies in the financials industry or sector. The components of the Underlying Index are likely to change over time.
The Fund will invest in privately issued securities, including those that are
normally purchased pursuant to Rule 144A or Regulation S promulgated under the Securities Act of 1933, as amended (the “1933 Act”).
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 value and industry weightings), fundamental characteristics (such as return variability, duration (i.e., a security's price sensitivity to a change in interest rates), maturity or credit ratings and yield) and liquidity measures similar to those of an applicable underlying index. The Fund may or may not hold all of the securities in the Underlying Index.
The Fund will invest at least 80% of its assets in 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 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 J.P. Morgan, 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), repurchase agreements collateralized by U.S.
government securities, and securities of state or municipal governments and their political subdivisions are not considered to be issued by members of any industry.
Read More

CEMB - Performance

Return Ranking - Trailing

Period CEMB Return Category Return Low Category Return High Rank in Category (%)
YTD 5.8% -9.5% 446.5% 49.49%
1 Yr 5.8% -9.5% 446.5% 49.83%
3 Yr 0.1%* -8.5% 57.6% 45.52%
5 Yr 1.2%* -8.2% 28.3% 20.74%
10 Yr 3.4%* -4.9% 14.4% 15.76%

* Annualized

Return Ranking - Calendar

Period CEMB Return Category Return Low Category Return High Rank in Category (%)
2023 3.2% -10.6% 17.8% 78.84%
2022 -16.2% -29.1% -2.4% 34.98%
2021 -4.0% -24.0% 2.7% 6.81%
2020 2.5% -14.0% 9.7% 21.48%
2019 9.1% -6.4% 13.0% 28.95%

Total Return Ranking - Trailing

Period CEMB Return Category Return Low Category Return High Rank in Category (%)
YTD 5.8% -9.5% 446.5% 49.49%
1 Yr 5.8% -9.5% 446.5% 49.83%
3 Yr 0.1%* -8.5% 57.6% 45.52%
5 Yr 1.2%* -8.2% 28.3% 20.74%
10 Yr 3.4%* -4.9% 14.4% 15.76%

* Annualized

Total Return Ranking - Calendar

Period CEMB Return Category Return Low Category Return High Rank in Category (%)
2023 8.4% -0.6% 20.0% 86.35%
2022 -12.6% -27.6% -1.7% 44.52%
2021 -0.6% -18.5% 7.4% 12.90%
2020 6.8% -7.8% 18.0% 27.78%
2019 13.9% -3.0% 23.0% 40.60%

CEMB - Holdings

Concentration Analysis

CEMB Category Low Category High CEMB % Rank
Net Assets 419 M 565 K 14.9 B 44.71%
Number of Holdings 1083 4 1860 7.85%
Net Assets in Top 10 57.5 M -134 M 1.45 B 44.71%
Weighting of Top 10 12.93% 5.8% 102.5% 86.21%

Top 10 Holdings

  1. BlackRock Cash Funds: Institutional, SL Agency Shares 8.81%
  2. BlackRock Cash Funds: Treasury, SL Agency Shares 1.17%
  3. Teva Pharmaceutical Finance Netherlands III BV 0.54%
  4. Sands China Ltd 0.40%
  5. Ecopetrol SA 0.39%
  6. Industrial Commercial Bank of China Ltd 0.35%
  7. First Quantum Minerals Ltd 0.35%
  8. Anglo American Capital PLC 0.31%
  9. Freeport Indonesia PT 0.31%
  10. Gohl Capital Ltd 0.31%

Asset Allocation

Weighting Return Low Return High CEMB % Rank
Bonds 		97.74% 0.00% 100.50% 18.43%
Cash 		9.97% 0.00% 29.76% 17.06%
Convertible Bonds 		2.42% 0.00% 8.47% 12.41%
Stocks 		0.00% -0.01% 96.78% 53.24%
Preferred Stocks 		0.00% 0.00% 2.24% 27.99%
Other 		0.00% -10.15% 91.74% 55.97%

Bond Sector Breakdown

Weighting Return Low Return High CEMB % Rank
Corporate 		90.93% 0.00% 91.26% 1.38%
Cash & Equivalents 		9.97% 0.00% 23.23% 7.51%
Government 		8.18% 0.00% 99.79% 94.14%
Securitized 		0.11% 0.00% 2.41% 12.41%
Derivative 		0.00% -1.97% 7.50% 48.81%
Municipal 		0.00% 0.00% 0.00% 24.14%

Bond Geographic Breakdown

Weighting Return Low Return High CEMB % Rank
US 		97.74% -42.31% 99.43% 8.19%
Non US 		0.00% 0.00% 132.49% 89.42%

CEMB - Expenses

Operational Fees

CEMB Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.50% 0.02% 32.92% 94.86%
Management Fee 0.50% 0.00% 1.10% 16.72%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.02% 0.65% N/A

Sales Fees

CEMB Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.75% 5.75% N/A
Deferred Load N/A 1.00% 4.00% N/A

Trading Fees

CEMB Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.75% 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.

CEMB Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 16.00% 0.00% 218.00% 1.17%

CEMB - Distributions

Dividend Yield Analysis

CEMB Category Low Category High CEMB % Rank
Dividend Yield 5.29% 0.00% 22.22% 67.58%

Dividend Distribution Analysis

CEMB Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Quarterly Monthly Monthly

Net Income Ratio Analysis

CEMB Category Low Category High CEMB % Rank
Net Income Ratio 3.36% -2.28% 8.00% 82.87%

Capital Gain Distribution Analysis

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

Distributions History

View More +

CEMB - Fund Manager Analysis

Managers

James Mauro

Start Date

Tenure

Tenure Rank

Apr 17, 2012

10.13

10.1%

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.

Karen Uyehara

Start Date

Tenure

Tenure Rank

Mar 01, 2021

1.25

1.3%

Ms. Uyehara is a Director of BlackRock, which she joined in 2010. Ms. Uyehara is a portfolio manager and member of BlackRock’s Model-Based Fixed Income Portfolio Management Group. Prior to joining BlackRock, Ms. Uyehara was a portfolio manager at Western Asset Management Company from2002 to 2010.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.15 23.87 6.5 6.11

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