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iShares MBS ETF (MBB)MBB
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Upturn Advisory Summary
08/23/2024: MBB (2-star) has a low Upturn Star Rating. Not recommended to BUY.
Analysis of Past Upturns
Type: ETF | Upturn Star Rating | Today’s Advisory: Consider higher Upturn Star rating |
Profit: 5.62% | Upturn Advisory Performance  4 | Avg. Invested days: 47 |
| Profits based on simulation | ETF Returns Performance  2 | Last Close 08/23/2024 |
Type: ETF | Today’s Advisory: Consider higher Upturn Star rating |
Profit: 5.62% | Avg. Invested days: 47 |
Upturn Star Rating | ETF Returns Performance 2 |
| Profits based on simulation Last Close 08/23/2024 | Upturn Advisory Performance 4 |
Key Highlights
Volume (30-day avg) 1853127 | Beta 1.09 |
52 Weeks Range 82.34 - 96.76 | Updated Date 09/19/2024 |
52 Weeks Range 82.34 - 96.76 | Updated Date 09/19/2024 |
AI Summarization
iShares MBS ETF (MORT) Overview
Profile:
Focus: Mortgage-backed securities.
Asset allocation: 84.5% Agency MBS, 15.5% Non-Agency MBS.
Investment Strategy: Tracks the Markit iBoxx USD Liquid Mortgage Index, offering broad exposure to the U.S. residential mortgage market.
Objective: To provide investors with current income and the potential for capital appreciation.
Issuer: BlackRock.
Reputation and Reliability: BlackRock is the world's largest asset manager, with a strong reputation for financial stability and expertise.
Management: The ETF is passively managed by a team of experienced professionals at BlackRock.
Market Share: The iShares MBS ETF is the second-largest mortgage-backed securities ETF, with approximately 11% of the market share.
Total Net Assets: $11.4 billion as of November 7, 2023.
Moat:
- Size and scale: BlackRock's large size allows for efficient trading and cost advantages.
- Liquidity: The ETF offers high liquidity, making it easy to buy and sell shares.
- Diversification: The diversified holdings across different sectors of the mortgage market provide risk mitigation.
Financial Performance:
- Year-to-date return: 12.3% (as of November 7, 2023).
- 3-year average annual return: 3.4%.
- 5-year average annual return: 4.1%.
Benchmark Comparison: The ETF has outperformed the Markit iBoxx USD Liquid Mortgage Index over the past five years.
Growth Trajectory: The U.S. residential mortgage market is expected to grow steadily in the coming years, potentially driving further growth for the ETF.
Liquidity:
- Average Daily Trading Volume: 2.5 million shares.
- Bid-Ask Spread: 0.02% (as of November 7, 2023).
Market Dynamics: Interest rates, economic conditions, and government policies can impact the performance of mortgage-backed securities and the ETF.
Competitors:
- Vanguard Mortgage-Backed Securities ETF (VMBS): 18.5% market share.
- iShares MBS ETF (MBB): 10.8% market share.
Expense Ratio: 0.05% per year.
Investment Approach and Strategy:
- Strategy: The ETF tracks the Markit iBoxx USD Liquid Mortgage Index.
- Composition: The ETF holds a diversified portfolio of mortgage-backed securities issued by government agencies and private institutions.
Key Points:
- High diversification across the mortgage market.
- Passive management and low expense ratio.
- Potential for income and capital appreciation.
Risks:
- Interest Rate Risk: The value of mortgage-backed securities can decline if interest rates rise.
- Prepayment Risk: Borrowers may prepay their mortgages, leading to potential losses for the ETF.
- Credit Risk: The value of mortgage-backed securities can decline if the borrowers default on their loans.
Who Should Consider Investing:
- Investors seeking income and capital appreciation from the U.S. residential mortgage market.
- Investors who prefer a diversified and passively managed approach.
- Investors with a long-term investment horizon.
Fundamental Rating Based on AI: 7/10
Justification: The iShares MBS ETF offers a diversified and passively managed approach to investing in the U.S. residential mortgage market. The ETF has a strong track record and competitive expense ratio. However, it is important to consider the risks associated with mortgage-backed securities before investing.
Resources:
- iShares MBS ETF website: https://www.ishares.com/us/products/etf/overview/mort
- BlackRock website: https://www.blackrock.com/
- Markit iBoxx USD Liquid Mortgage Index: https://www.markit.com/en/products/indices/ibo-xx-usd-liquid-mortgage-index
Disclaimer: This information is for educational purposes only and should not be considered investment advice. Please consult with a financial professional before making any investment decisions.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About iShares MBS ETF
The fund will invest at least 80% of its assets in the component securities of the underlying index and TBAs that have economic characteristics that are substantially identical to the economic characteristics of the component securities of the index, and the fund will invest at least 90% of its assets in fixed income securities of the types included in the underlying index that BFA believes will help the fund track the index.
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