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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

iShares Aaa - A Rated Corporate Bond ETF

QLTA | ETF

$47.49

$1.02 B

3.94%

$1.87

0.15%

Vitals

YTD Return

2.0%

1 yr return

7.3%

3 Yr Avg Return

-2.4%

5 Yr Avg Return

0.0%

Net Assets

$1.02 B

Holdings in Top 10

8.6%

52 WEEK LOW AND HIGH

$47.4
$45.93
$49.42

Expenses

OPERATING FEES

Expense Ratio 0.15%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 17.00%

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

iShares Aaa - A Rated Corporate Bond ETF

QLTA | ETF

$47.49

$1.02 B

3.94%

$1.87

0.15%

QLTA - Profile

Distributions

  • YTD Total Return 2.0%
  • 3 Yr Annualized Total Return -2.4%
  • 5 Yr Annualized Total Return 0.0%
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio 1.93%
DIVIDENDS
  • Dividend Yield 3.9%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    iShares Aaa - A Rated Corporate Bond ETF
  • Fund Family Name
    BlackRock-advised Funds
  • Inception Date
    Feb 14, 2012
  • Shares Outstanding
    24600000
  • Share Class
    N/A
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    James Mauro

Fund Description

The Fund seeks to track the investment results of the Bloomberg U.S. Corporate Aaa - A Capped Index (the “Underlying Index”), which is a subset of the Bloomberg U.S. Corporate Index, which measures the performance of the Aaa – A rated range of the fixed-rate, U.S. dollar-denominated taxable, corporate bond market. The Underlying Index is market capitalization-weighted with a 3% cap on any one issuer and a pro ratadistribution of any excess weight across the remaining issuers in the Underlying Index.
The Underlying Index includes U.S. dollar-denominated securities publicly-issued by U.S. and non-U.S. industrials, utility and financial corporate issuers, with maturities of one year or more, that have $500 million or more of outstanding face value. Each corporate bond must be registered with the SEC, have been exempt from registration at issuance, or have been offered pursuant to Rule 144A under the Securities Act of 1933, as amended (the “1933 Act”), with registration rights. In addition, only securities rated A3 by Moody's
Investors Service, Inc. (“Moody's”) or higher (or the equivalent on another rating agency's scale) will be included in the Underlying Index. When ratings from each of Fitch Ratings, Inc., Moody’s and S&P Global Ratings are available, the median rating is used to determine eligibility. When ratings from only two of the three rating agencies are available, the lower rating is used to determine eligibility. When a rating from only one of these agencies is available, that rating is used to determine eligibility. The securities in the Underlying Index are updated on the last calendar day of each month.
The Fund will invest in non-U.S. issuers to the extent necessary for it to track the Underlying Index. As of October 31, 2023, 21.11% of the Underlying Index was composed of bonds issued by non-U.S. issuers from the following countries or regions: Australia, Belgium, Bermuda, Canada, China, France, Germany, Hong Kong, Japan, Mexico, the Netherlands, South Korea, Spain, Switzerland, Taiwan and the United Kingdom (the “U.K.”). As of October 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 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 Bloomberg Index Services Limited (the “Index Provider” or “Bloomberg”), 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

QLTA - Performance

Return Ranking - Trailing

Period QLTA Return Category Return Low Category Return High Rank in Category (%)
YTD 2.0% -1.4% 7.7% 91.33%
1 Yr 7.3% 3.6% 12.2% 91.33%
3 Yr -2.4%* -7.7% 40.6% 65.70%
5 Yr 0.0%* -7.1% 25.4% 83.75%
10 Yr 2.1%* -0.1% 14.4% 73.53%

* Annualized

Return Ranking - Calendar

Period QLTA Return Category Return Low Category Return High Rank in Category (%)
2023 3.9% -5.6% 6.3% 59.54%
2022 -17.4% -28.7% 142.1% 14.53%
2021 -4.2% -12.3% 4.9% 48.52%
2020 7.1% -8.0% 10.6% 26.67%
2019 9.1% 4.3% 13.4% 77.42%

Total Return Ranking - Trailing

Period QLTA Return Category Return Low Category Return High Rank in Category (%)
YTD 2.0% -1.4% 7.7% 91.33%
1 Yr 7.3% 3.6% 12.2% 91.33%
3 Yr -2.4%* -7.7% 40.6% 65.70%
5 Yr 0.0%* -7.1% 25.4% 83.75%
10 Yr 2.1%* -0.1% 14.4% 73.53%

* Annualized

Total Return Ranking - Calendar

Period QLTA Return Category Return Low Category Return High Rank in Category (%)
2023 7.6% -5.6% 12.9% 80.92%
2022 -15.1% -25.6% 151.8% 24.42%
2021 -2.3% -5.1% 7.5% 96.45%
2020 9.6% -8.0% 116.0% 61.21%
2019 12.5% 6.7% 17.4% 83.87%

QLTA - Holdings

Concentration Analysis

QLTA Category Low Category High QLTA % Rank
Net Assets 1.02 B 17.6 M 47.3 B 50.29%
Number of Holdings 3028 4 10364 2.89%
Net Assets in Top 10 120 M -29.6 M 3.03 B 51.45%
Weighting of Top 10 8.62% 1.7% 143.7% 80.35%

Top 10 Holdings

  1. BlackRock Cash Funds: Institutional, SL Agency Shares 7.11%
  2. Anheuser-Busch Cos LLC / Anheuser-Busch InBev Worldwide Inc 0.28%
  3. Pfizer Investment Enterprises Pte Ltd 0.18%
  4. Anheuser-Busch Cos LLC / Anheuser-Busch InBev Worldwide Inc 0.18%
  5. Goldman Sachs Group Inc/The 0.16%
  6. Citigroup Inc 0.15%
  7. Pfizer Investment Enterprises Pte Ltd 0.14%
  8. Anheuser-Busch InBev Worldwide Inc 0.14%
  9. AbbVie Inc 0.14%
  10. Citigroup Inc 0.14%

Asset Allocation

Weighting Return Low Return High QLTA % Rank
Bonds 		98.93% 0.00% 136.47% 14.45%
Cash 		7.24% -43.80% 45.89% 9.83%
Convertible Bonds 		6.32% 0.00% 78.47% 27.17%
Stocks 		0.00% 0.00% 99.98% 31.79%
Preferred Stocks 		0.00% 0.00% 9.18% 34.10%
Other 		0.00% -4.61% 11.28% 73.99%

Bond Sector Breakdown

Weighting Return Low Return High QLTA % Rank
Corporate 		98.81% 41.80% 99.52% 5.20%
Cash & Equivalents 		7.24% 0.00% 45.89% 8.09%
Securitized 		0.29% 0.00% 23.18% 73.41%
Derivative 		0.00% -2.67% 2.14% 60.69%
Municipal 		0.00% 0.00% 3.37% 72.25%
Government 		0.00% 0.00% 25.63% 95.38%

Bond Geographic Breakdown

Weighting Return Low Return High QLTA % Rank
US 		98.93% 0.00% 110.12% 12.72%
Non US 		0.00% 0.00% 47.05% 38.73%

QLTA - Expenses

Operational Fees

QLTA Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.15% 0.03% 3.33% 91.76%
Management Fee 0.15% 0.00% 1.35% 10.98%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.02% 0.45% N/A

Sales Fees

QLTA Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 1.00% 4.75% N/A
Deferred Load N/A 1.00% 4.00% N/A

Trading Fees

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

QLTA Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 17.00% 0.00% 259.00% 8.19%

QLTA - Distributions

Dividend Yield Analysis

QLTA Category Low Category High QLTA % Rank
Dividend Yield 3.94% 0.00% 6.00% 71.10%

Dividend Distribution Analysis

QLTA Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Monthly Monthly Monthly

Net Income Ratio Analysis

QLTA Category Low Category High QLTA % Rank
Net Income Ratio 1.93% 0.38% 5.93% 67.25%

Capital Gain Distribution Analysis

QLTA Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Semi-Monthly Annually

Distributions History

View More +

QLTA - Fund Manager Analysis

Managers

James Mauro

Start Date

Tenure

Tenure Rank

Feb 14, 2012

10.3

10.3%

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.

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
0.33 24.76 6.81 4.41

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