Key stats
About iShares USD Systematic Bond ETF
Expense ratio
0.18%
Home page
Inception date
Oct 12, 2021
USBF tracks an index of USD-denominated bonds from a broad universe of fixed income securities and allocated based on a proprietary factor model. The portfolio aims to enhance the performance and balance the return sources of the aggregate US bond market while maintaining a similar risk profile. Selection and weighting is determined by a model that systematically applies macroeconomic factor timing and tilt, along with investment style factors. Based on these assessments, the exposure will shift the overall interest rate and credit risk. Portfolio construction begins with the status of the economy that considers high-yield bond prices and price momentum, to determine sector allocations. The allocation is optimized to seek maximum carry and duration. The final step considers quality and value factors to select individual securities. The fund is rebalanced monthly. Prior to Jan. 26, 2024, the fund was called iShares USD Bond Factor ETF that tracked the BlackRock USD Bond Factor Index.
Classification
What's in the fund
Exposure type
Corporate
Securitized
Government
Cash
Stocks0.69%
Finance0.59%
Utilities0.10%
Bonds, Cash & Other99.31%
Corporate50.34%
Securitized24.89%
Government12.34%
Cash11.74%