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Name

As of 11/19/2024

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

BlackRock Ultra Short-Term Bond ETF

ICSH | Active ETF

$50.57

$5.53 B

5.10%

$2.58

0.08%

Vitals

YTD Return

4.9%

1 yr return

5.8%

3 Yr Avg Return

3.8%

5 Yr Avg Return

2.7%

Net Assets

$5.53 B

Holdings in Top 10

10.0%

52 WEEK LOW AND HIGH

$50.6
$50.22
$50.75

Expenses

OPERATING FEES

Expense Ratio 0.08%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 47.00%

Redemption Fee N/A

Min Investment

Standard (Taxable)

N/A

IRA

N/A

Fund Classification

Fund Type

Exchange Traded Fund

Name

As of 11/19/2024

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

BlackRock Ultra Short-Term Bond ETF

ICSH | Active ETF

$50.57

$5.53 B

5.10%

$2.58

0.08%

ICSH - Profile

Distributions

  • YTD Total Return 4.9%
  • 3 Yr Annualized Total Return 3.8%
  • 5 Yr Annualized Total Return 2.7%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 0.44%
DIVIDENDS
  • Dividend Yield 5.1%
  • Dividend Distribution Frequency None

Fund Details

  • Legal Name
    BlackRock Ultra Short-Term Bond ETF
  • Fund Family Name
    BlackRock-advised Funds
  • Inception Date
    Dec 11, 2013
  • Shares Outstanding
    126850000
  • 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- and floating-rate debt 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. Under normal circumstances, the Fund will invest primarily in fixed- and floating-rate securities maturing in three years or less. Short-term investments (generally, securities with original maturities of one year or less) held by the Fund carry a rating in one of the highest two rating categories of at least one nationally recognized statistical ratings organization (“NRSRO”) (e.g., A-2, P-2 or F2 or better by S&P Global Ratings, Moody’s or Fitch, respectively), or if such investments are unrated, are determined to be of comparable quality
by the Fund's management team, at the time of investment.
The Fund may invest in corporate and U.S. and non-U.S. 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 (including investment companies advised by BFA or its affiliates). The Fund invests a significant portion of its assets in securities issued by financial institutions, such as banks, broker-dealers and insurance companies.
Under normal circumstances, the dollar-weighted average life of the Fund’s portfolio is expected to be one year or less, as calculated by the Fund's management team. The Fund will also seek to maintain a dollar-weighted average maturity that is less than 180 days. “Dollar-weighted average life,” or “WAL,” is the weighted average of the times when principal is to be repaid. “Dollar-weighted average maturity,” or “WAM,” is calculated by taking the average length of time to maturity (fixed-rate) or the next interest rate reset (floating-rate) for each underlying instrument held by the Fund, weighted according to the relative holdings per instrument.
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).
Read More

ICSH - Performance

Return Ranking - Trailing

Period ICSH Return Category Return Low Category Return High Rank in Category (%)
YTD 4.9% -0.6% 7.6% 66.67%
1 Yr 5.8% 1.8% 9.2% 65.26%
3 Yr 3.8%* -1.3% 6.9% 28.78%
5 Yr 2.7%* -0.9% 4.7% 30.00%
10 Yr 2.1%* -4.2% 27.9% 31.40%

* Annualized

Return Ranking - Calendar

Period ICSH Return Category Return Low Category Return High Rank in Category (%)
2023 0.6% -2.3% 4.3% 72.77%
2022 -0.7% -6.5% 0.5% 18.93%
2021 -0.3% -2.1% 0.3% 27.50%
2020 0.4% -3.1% 1.8% 45.83%
2019 0.5% -1.2% 6.1% 45.05%

Total Return Ranking - Trailing

Period ICSH Return Category Return Low Category Return High Rank in Category (%)
YTD 4.9% -0.6% 7.6% 66.67%
1 Yr 5.8% 1.8% 9.2% 65.26%
3 Yr 3.8%* -1.3% 6.9% 28.78%
5 Yr 2.7%* -0.9% 4.7% 30.00%
10 Yr 2.1%* -4.2% 27.9% 31.40%

* Annualized

Total Return Ranking - Calendar

Period ICSH Return Category Return Low Category Return High Rank in Category (%)
2023 5.6% 0.8% 12.1% 65.26%
2022 1.0% -5.1% 2.5% 14.08%
2021 0.2% -2.1% 14.5% 43.00%
2020 1.6% -1.0% 3.6% 50.00%
2019 3.2% 0.3% 9.6% 41.76%

ICSH - Holdings

Concentration Analysis

ICSH Category Low Category High ICSH % Rank
Net Assets 5.53 B 26.6 K 22.6 B 22.54%
Number of Holdings 355 2 1258 41.78%
Net Assets in Top 10 550 M 27.7 K 22.7 B 30.99%
Weighting of Top 10 10.03% 6.3% 159.6% 92.49%

Top 10 Holdings

  1. TRIPARTY WELLS FARGO SECURITIE 1.64%
  2. TRI PARTY GOLDMAN SACHS 1.64%
  3. BlackRock Cash Funds: Institutional, SL Agency Shares 1.06%
  4. TRI PARTY BOFA SECURITIES INC. 1.00%
  5. American Honda Finance Corp 0.84%
  6. Ionic Funding LLC 0.82%
  7. VW Credit Inc 0.80%
  8. Citigroup Global Markets Inc 0.75%
  9. Vulcan Materials Co 0.75%
  10. JPMorgan Chase Co 0.74%

Asset Allocation

Weighting Return Low Return High ICSH % Rank
Cash 		47.92% 0.00% 112.72% 5.16%
Bonds 		39.89% 0.00% 129.63% 89.67%
Other 		13.10% -13.48% 99.96% 42.25%
Convertible Bonds 		1.97% 0.00% 15.25% 58.49%
Stocks 		0.00% 0.00% 97.16% 80.28%
Preferred Stocks 		0.00% 0.00% 0.00% 78.87%

Bond Sector Breakdown

Weighting Return Low Return High ICSH % Rank
Cash & Equivalents 		47.92% 0.00% 112.72% 5.16%
Corporate 		38.45% 0.00% 99.91% 52.36%
Municipal 		3.08% 0.00% 70.39% 8.49%
Securitized 		1.65% 0.00% 100.00% 75.94%
Government 		0.41% 0.00% 100.00% 61.32%
Derivative 		0.00% -13.48% 16.56% 66.67%

Bond Geographic Breakdown

Weighting Return Low Return High ICSH % Rank
US 		39.89% 0.00% 129.63% 89.67%
Non US 		0.00% 0.00% 20.18% 82.63%

ICSH - Expenses

Operational Fees

ICSH Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.08% 0.08% 29.63% 100.00%
Management Fee 0.08% 0.00% 1.19% 1.41%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.01% 0.40% N/A

Sales Fees

ICSH 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

ICSH 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.

ICSH Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 47.00% 0.00% 336.00% 24.02%

ICSH - Distributions

Dividend Yield Analysis

ICSH Category Low Category High ICSH % Rank
Dividend Yield 5.10% 0.00% 8.76% 28.64%

Dividend Distribution Analysis

ICSH Category Low Category High Category Mod
Dividend Distribution Frequency None Monthly Monthly Monthly

Net Income Ratio Analysis

ICSH Category Low Category High ICSH % Rank
Net Income Ratio 0.44% -1.30% 14.86% 53.66%

Capital Gain Distribution Analysis

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

Distributions History

View More +

ICSH - Fund Manager Analysis

Managers

Scott Radell

Start Date

Tenure

Tenure Rank

Dec 11, 2013

8.47

8.5%

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.

Richard Mejzak

Start Date

Tenure

Tenure Rank

Dec 11, 2013

8.47

8.5%

Richard Mejzak has been with BlackRock since 1990, including his years with Merrill Lynch Investment Managers, which was acquired by BlackRock in 2006. Mr. Mejzak became a portfolio manager for BlackRock Fund Advisors in 2012.

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 6.52 7.92

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