BYLD

iShares Yield Optimized Bond ETF
*Unless otherwise stated, data provided by FactSet.

BYLD Fund Description

BYLD tracks an index composed of iETF bond ETFs optimized for yield and mean variance.

BYLD Factset Analytics Insight

BYLD aims to deliver more yield without taking more risk—a neat trick if it works. It uses iShares' existing bond ETFs as building blocks, optimized for yield, and constrained to have no more risk than iShares' flagship AGG (as measured by weighted average portfolio mean variance). In theory, this clean and elegant design should deliver higher yield without increased price volatility—but not necessarily less credit risk—than AGG. BYLD typically charges no fee on top of those passed through from the funds it holds, and has often clawed back much of those expenses via securities lending and efficient management. Unfortunately, low investor interest in BYLD translates to tepid liquidity and elevated closure risk. Institutional traders should have little or no issues with redeems and creates, thanks to the strong block liquidity of the ETFs in its basket.

BYLD Charts And Performance

Price Chart ($)
Total Return Chart (%)
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PERFORMANCE [as of 12/04/19] 1 MONTH 3 MONTHS YTD 1 YEAR 3 YEARS 5 YEARS 10 YEARS
BYLD 0.25% 0.43% 11.99% 12.46% 5.11% 3.85% --
BYLD (NAV) 0.27% 0.14% 11.79% 12.43% 5.20% 3.82% --
Bloomberg Barclays U.S. Universal Index 0.29% -0.41% 9.11% 10.29% 4.38% 3.44% 4.06%
All returns over 1 year are annualized. All returns are total returns unless otherwise stated.

BYLD Summary Data

Blackrock
iShares
04/22/14
Open-Ended Fund
0.20%
$154.32M
$1.39M
0.09%

BYLD Portfolio Data

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12/02/19
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BYLD Index Data

Technical
Multi-Factor
Bloomberg Barclays U.S. Universal Index

BYLD Portfolio Management

0.20%
0.23%
0.32%
0.07%

BYLD Tax Exposures

20.00% / 39.60%
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Ordinary income
No

BYLD Fund Structure

Open-Ended Fund
No
Yes
80% / 20%
N/A
N/A
Low
Daily
Cboe Book Viewer
Top Of Book
Last 10 Trades
Bats BZX Real-time Quote -

BYLD Factset Analytics Block Liquidity

As of 12/05/19
5
4
3
2
1

This measurement shows how easy it is to trade a $1 million USD block of BYLD. BYLD is rated a 4 out of 5.

BYLD Tradability

54,528
$1.39M
43,690
$1.12M
0.09%
$0.02
0.04%
0.18% / -0.21%
None
100.00%
50,000
0.87
0.01%
0.41%
0
$25.51
4

BYLD Performance Statistics

0.28
0.50
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BYLD Holdings Statistics

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8
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BYLD Avg Life Maturity Distribution

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BYLD OAS Breakdown

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