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Wednesday, August 19, 2026The Morning Brief →Sign in
GVIISharesINDEX

iShares Intermediate Government/Credit Bond ETF

$105.53+0.16% today
10510852-WK

The fund will invest at least 80% of its assets in the component securities of the index, and it will invest at least 90% of its assets in fixed income securities of the types included in the index that the advisor believes will help the fund track the index. The index measures the performance of U.S. dollar-denominated U.S. Treasury bonds, government-related bonds and investment-grade U.S. corporate bonds that have a remaining maturity of greater than one year and less than ten years.

Price & daily flows
107.6106.7105.8105.53DAILY NET FLOWAug 19Dec 16Apr 17Aug 19

SOURCE: MARKET TAPE & DAILY CREATION/REDEMPTION RECORDS · 1Y SHOWN · NET +$343M OVER THIS RANGE

The desk’s read

Money keeps arriving — +$84M of net buying over the past month, about 2.2% of the fund's asset base, while the price has returned -1.7% so far this year. At 0.20% a year it is not the cheapest way in — AGG runs the same ground at 0.03%.

COMPOSED FROM THE FUND’S OWN DAILY RECORDS · UPDATED WITH EACH REFRESH

$3.8Bassets under management
0.20%expense ratio · $20 per $10,000 a year
+$84Mnet flow, trailing month
98Kavg daily volume, 30 days
5540holdings · US-domiciled
2007listed January 4, 2007 · beta 0.06
The book at a glance
0.8%0.8%0.8%0.8%0.8%0.8%0.7%0.7%0.7%0.7%0.6%0.6%0.6%0.6%0.6%0.6%0.6%0.6%0.6%0.6%0.6%0.6%0.6%0.6%0.6%0.5%0.5%0.5%0.5%0.5%0.5%0.5%0.5%0.5%0.5%0.5%0.5%0.5%0.5%0.5%

CELL SIZE IS PORTFOLIO WEIGHT · COLOR IS TODAY’S MOVE · TOP 40 POSITIONS

HoldingsDownload CSV
#HoldingWeightPriceDay52-wk
1TREASURY NOTE0.78%
2TREASURY NOTE (OLD)0.78%
3TREASURY NOTE0.77%
4TREASURY NOTE0.77%
5TREASURY NOTE0.76%
6TREASURY NOTE (2OLD)0.75%
7TREASURY NOTE0.74%
8TREASURY NOTE0.69%
9TREASURY NOTE0.68%
10TREASURY NOTE0.65%
11TREASURY NOTE0.64%
12TREASURY NOTE (OLD)0.64%
13TREASURY NOTE0.61%
14TREASURY NOTE0.61%
15TREASURY NOTE0.59%

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Sector weights
Treasury65.03%
Industrial13.09%
Financial Institutions10.93%
Supranational2.04%
Agency1.26%
Utility1.24%
Sovereign1.14%
Local Authority0.56%
Cash and/or Derivatives0.16%
PORTFOLIO COMPOSITION, LATEST DISCLOSURE
Country weights
United States85.78%
Supranational2.04%
Canada1.51%
United Kingdom1.46%
Japan1.05%
Germany0.53%
Australia0.4%
Spain0.3%
PORTFOLIO COMPOSITION, LATEST DISCLOSURE
Performance
1 week+0.2%
1 month-0.2%
3 months-0.1%
6 months-2.2%
YTD-1.7%
1 year
3 years

PRICE RETURN, DISTRIBUTIONS NOT REINVESTED

Net flows
1 week+$23M
1 month+$84M
3 months+$68M
YTD+$25M
1 year+$343M

CREATION/REDEMPTION DOLLARS, DAILY RECORDS

Monthly net flows
AugSepOctNovDecJanFebMarAprMayJulAug
DAILY CREATION/REDEMPTION RECORDS, TRAILING TWELVE MONTHS
The risk read
2%realized volatility, 30 days (annualized)
3%realized volatility, 1 year
-3.0%deepest fall from a peak, 1 year
-2.5%where it sits vs. that peak today

The top holding is 0.8% of the book; the top ten carry 8%. Spread across 250+ names, it behaves like roughly 162 equally-weighted positions.

VOLATILITY & DRAWDOWN FROM THE DAILY TAPE · CONCENTRATION FROM THE LATEST DISCLOSED BOOK

Options tape
calls today
puts today
put/call ratio
51Kshares traded
The case against GVI

Due diligence cuts both ways. These funds sit on the same shelf and beat GVI on at least one dimension that matters — the fee, the asset base, or where the money is going.

FundFeeAssetsFlow, 1MThe case
STIP iShares 0-5 Year TIPS Bond ETF0.03%$16B+$288M-17bp on fee · 4× the assets · +$288M in over the monthHead-to-head
MBB iShares MBS ETF0.04%$39B+$26M-16bp on fee · 10× the assets · +$26M in over the monthHead-to-head
IGSB iShares 1-5 Year Investment Grade Corporate Bond ETF0.04%$23.4B+$520M-16bp on fee · 6× the assets · +$520M in over the monthHead-to-head
IGIB iShares 5-10 Year Investment Grade Corporate Bond ETF0.04%$18.7B+$312M-16bp on fee · 5× the assets · +$312M in over the monthHead-to-head
MUB iShares National Muni Bond ETF0.05%$45.8B+$585M-15bp on fee · 12× the assets · +$585M in over the monthHead-to-head
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InstrumentsHarvest substitutesTrade cost at $1MClient tearsheetStress this fund
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