iShares ESG USD Corporate Bond
ALTAR
Score™
2.6% info Median Credit
S&P/Moody's
BBB+/Baa1
 
Yield to
Maturity
3.0% Current
Yield
3.7%
Macaulay
Duration
7.7 yrs Modified
Duration
7.6%


  • Description
  • Performance
  • Fundamentals
  • Rate Sensitivity
  • Rating
The iShares ESG USD Corporate Bond ETF tracks an index of US dollar-denominated corporate debt. Holdings are selected and weighted according to ESG business practices.


FUND BASICS
Category Corporate
Fund Sponsor BlackRock
Website www.ishares.com
Inception date Jul 11, 2017
Assets (mns) $10
Currency USD
Expense ratio 18 bp
Distributions Monthly

FUND STRUCTURE
Regulation Open-Ended Fund
Custodian
Weighting Principles-based
Index replication

ISSUER TYPE BREAKDOWN

CONSTITUENT BREAKDOWN
No. of constituents 177
No of distinct issuers 155
Inflation protected 0%
Variable/Fixed coupon 6% /94%
Non-standard maturity (callable, etc.) 75%

TOP TEN HOLDINGS
BPCE SA 2.8% 12/02/21 2.5 %
COMPASS BANK 2.8% 9/29/19 2.5 %
AUSTRALIA & NEW ZEALA 2.3% 6/01/21 2.5 %
BANCO BILBAO VIZCAYA 3.0% 1/20/20 2.0 %
INTESA SANPAOLO SPA 3.9% 1/15/19 2.0 %
RYDER SYSTEM, INC. 2.7% 3/02/20 2.0 %
HEWLETT PACKARD ENTER 2.9% 1/05/18 2.0 %
GE CAPITAL INTERNATIO 2.3% 11/15/20 2.0 %
BEST BUY CO., INC. 5.5% 3/15/21 1.6 %
NEXTERA ENERGY CAPITA 4.5% 6/01/21 1.6 %
   
TOTAL 20.8 %

TOP ISSUERS
MICROSOFT CORPORATION3.0%
BPCE SA2.5%
COMPASS BANK2.5%
AUSTRALIA & NEW ZEALAND BANKING (N...2.5%
HEWLETT PACKARD ENTERPRISE COMPANY2.2%

TOP COUNTRY EXPOSURE
UNITED STATES 76.4 %
FRANCE 3.5 %
IRELAND 3.5 %
BRITAIN 3.0 %
SPAIN 2.3 %

 





HISTORICAL RETURNS info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru July 31)
Year-to-date 1 year 5 years 10 years Since Incep.
-- -- -- -- --

Market Correlations
versus... Beta R-squared
Barclays Agg. Bond -- --
S&P500 -- --
MSCI EAFE -- --
MSCI Emg. Mkts. -- --

Technical Indicators
Recent close $25.40
30d moving avg. $25.30
Annualized volatility 0.0%
Short interest (ETF) 0.0%
Relative strength (RSI) 60
Liquidity measures
Avg. volume (thou.) 1
Avg. daily value traded (mns) $0
Turnover 0.3%
Bid/Ask (% of price) 0.00

Distributions


Yield Comparison

*Fund Category: CORPORATE

CREDIT QUALITY: MOODY'S

DISTRIBUTION YIELD (TRAILING 12 MONTHS)
Macaulay Duration info
 
SUSC 7.7 yrs Category
Avg.*
4.7 yrs
 

Modified Duration info
 
SUSC 7.6% Category
Avg.*
4.6%

RATE SENSITIVITY ANALYSIS info
Change
in YTM
New
YTM
Est. Price
Change
Est. New
Price
+300 bp 5.96% -16.3% $21.27
+200 bp 4.96% -12.3% $22.28
+150 bp 4.46% -9.8% $22.92
+100 bp 3.96% -6.9% $23.66
+75 bp 3.71% -5.3% $24.06
+50 bp 3.46% -3.6% $24.48
+25 bp 3.21% -1.9% $24.93
0 bp 2.96% 0% $25.40
-25 bp 2.71% 1.9% $25.89
-50 bp 2.46% 4.0% $26.41
-75 bp 2.21% 6.1% $26.95
-100 bp 1.96% 8.3% $27.51
-150 bp 1.46% 13.0% $28.70
-200 bp 0.96% 18.0% $29.98
-300 bp -0.04% 29.2% $32.83

*Fund Category: CORPORATE

ALTAR Score™


Calculation of ALTAR Score™
Adj. Yield to Maturity info 296 bp
Less: Annual "default factor" info 20 bp
Less: Expense ratio 18 bp
Equals: ALTAR Score 2.58 %
 

Average ALTAR Score™ by Category
Aggregate 1.5%
Corporate 1.9%
Emerging Market 3.7%
Government 1.3%
Inflation Protected 1.5%
Mortgage 2.7%
Municipals 2.4%
 
*Note: The iShares ESG USD Corporate Bond is classified as a Corporate fund.

 

Our estimate of the impact of potential defaults on investor returns, based on historical default and recovery rates for bonds of similar credit rating and maturities.
See RATING tab for calculations of ALTAR Score™
Estimate of fund sensitivity to interest rate changes based on modified duration and convexity adjustment applied to underlying bonds. Note: Less meaningful for inflation-indexed bonds.
Adds expected inflation to real YTM for inflation-linked bonds so that all instruments are compared on a nominal basis
Weighted-average term to maturity of the cash flows from a bond. All else being equal, bonds of longer duration are more sensitive to changes in interest rates than bonds of shorter duration.
Approximation of the change in bond prices given a 100 basis point shift in interest rates. A better estimate, particularly for larger moves in interest rates, is provided by the Rate Sensitivity Analysis below.