iShares Morningstar Multi-Asset Income ETF
The fund generally will invest at least 80% of its assets in the component securities of its underlying index and and in investments that have economic characteristics that are substantially identical to the component securities of its underlying index. The index is broadly diversified and seeks to deliver high current income while maintaining long-term capital appreciation. The fund is a fund-of-funds and invests primarily in the securities of the underlying funds that themselves seek investment results corresponding to their own underlying indexes.
SOURCE: MARKET TAPE & DAILY CREATION/REDEMPTION RECORDS · 3Y SHOWN · NET −$22M OVER THIS RANGE
Flows are quiet — the past month netted out near zero, while the price has returned +3.5% so far this year. At 0.60% a year it is not the cheapest way in — ITDG runs the same ground at 0.11%.
COMPOSED FROM THE FUND’S OWN DAILY RECORDS · UPDATED WITH EACH REFRESH
| # | Holding | Weight | Price | Day | 52-wk | |
|---|---|---|---|---|---|---|
| 1 | EFVISHARES MSCI EAFE VALUE ETF | 10.36% | $81.25 | -0.4% | ||
| 2 | IPACISHARES CORE MSCI PACIFIC ETF | 9.71% | $84.82 | -2.2% | ||
| 3 | REETISHARES GLOBAL REIT ETF | 4.13% | $27.88 | -0.4% | ||
| 4 | USRTISHARES CORE US REIT ETF | 0.97% | — | — | — | |
| 5 | —ISHARES BROAD USD HIGH YIELD CORPO | 14.88% | — | — | — | |
| 6 | —BLK CSH FND TREASURY SL AGENCY (XTSLA) - Money Market | 0.05% | — | — | — |
| 1 week | -0.1% |
| 1 month | +1.0% |
| 3 months | +1.0% |
| 6 months | -0.6% |
| YTD | +3.5% |
| 1 year | — |
| 3 years | — |
PRICE RETURN, DISTRIBUTIONS NOT REINVESTED
| 1 week | — |
| 1 month | — |
| 3 months | — |
| YTD | +$1M |
| 1 year | +$4M |
CREATION/REDEMPTION DOLLARS, DAILY RECORDS
The top holding is 14.9% of the book; the top ten carry 40%. Spread across 6+ names, it behaves like roughly 4 equally-weighted positions.
VOLATILITY & DRAWDOWN FROM THE DAILY TAPE · CONCENTRATION FROM THE LATEST DISCLOSED BOOK
Due diligence cuts both ways. These funds sit on the same shelf and beat IYLD on at least one dimension that matters — the fee, the asset base, or where the money is going.
| Fund | Fee | Assets | Flow, 1M | The case | |
|---|---|---|---|---|---|
| DIVB iShares U.S. Dividend and Buyback ETF | 0.05% | $1.9B | +$136M | -55bp on fee · 15× the assets · +$136M in over the month | Head-to-head |
| HDV iShares Core High Dividend ETF | 0.08% | $15B | +$214M | -52bp on fee · 118× the assets · +$214M in over the month | Head-to-head |
| SCHD Schwab U.S. Dividend Equity ETF | 0.06% | $60.6B | — | -54bp on fee · 477× the assets | Head-to-head |
| VYM Vanguard High Dividend Yield Index Fund | 0.06% | $58.1B | — | -54bp on fee · 458× the assets | Head-to-head |
| DGRO iShares Core Dividend Growth ETF | 0.08% | $43.6B | −$50M | -52bp on fee · 344× the assets | Head-to-head |