iShares Mortgage Real Estate Capped ETF
The fund generally will invest at least 80% of its assets in the component securities of its underlying index and in investments that have economic characteristics that are substantially identical to the component securities of its underlying index. The underlying index measures the performance of the residential and commercial mortgage real estate, mortgage finance and savings associations sectors of the U.S. equity market. The fund is non-diversified.
SOURCE: MARKET TAPE & DAILY CREATION/REDEMPTION RECORDS · 3Y SHOWN · NET −$24M OVER THIS RANGE
Flows are quiet — the past month netted out near zero, while the price has returned -1.0% so far this year. At 0.48% 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
| 1 week | +1.7% |
| 1 month | +0.3% |
| 3 months | +2.7% |
| 6 months | -1.9% |
| YTD | -1.0% |
| 1 year | — |
| 3 years | — |
PRICE RETURN, DISTRIBUTIONS NOT REINVESTED
| 1 week | — |
| 1 month | — |
| 3 months | — |
| YTD | −$73M |
| 1 year | −$25M |
CREATION/REDEMPTION DOLLARS, DAILY RECORDS
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 REM 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 | |
|---|---|---|---|---|---|
| STIP iShares 0-5 Year TIPS Bond ETF | 0.03% | $16B | +$288M | -45bp on fee · 29× the assets · +$288M in over the month | Head-to-head |
| MBB iShares MBS ETF | 0.04% | $39B | +$26M | -44bp on fee · 72× the assets · +$26M in over the month | Head-to-head |
| IGSB iShares 1-5 Year Investment Grade Corporate Bond ETF | 0.04% | $23.4B | +$520M | -44bp on fee · 43× the assets · +$520M in over the month | Head-to-head |
| IGIB iShares 5-10 Year Investment Grade Corporate Bond ETF | 0.04% | $18.7B | +$312M | -44bp on fee · 34× the assets · +$312M in over the month | Head-to-head |
| MUB iShares National Muni Bond ETF | 0.05% | $45.8B | +$585M | -43bp on fee · 84× the assets · +$585M in over the month | Head-to-head |