iShares CMBS ETF

Frequently Asked Questions About CMBS

What does CMBS invest in?

The iShares CMBS ETF's objective is to match the returns generated by an index that comprises only commercial mortgage-backed securities with investment-grade ratings.

What is the expense ratio of CMBS?

iShares CMBS ETF (CMBS) charges an expense ratio of 0.25%. This is the annual fee deducted from fund assets to cover management and operations.

What is CMBS's dividend yield?

CMBS's trailing-twelve-month yield is 3.65%, calculated from the sum of dividends over the past year divided by the current price.

What is the duration of CMBS?

Effective duration measures CMBS's sensitivity to interest-rate changes — a duration of 6 means a 1% rate move shifts NAV by roughly 6% in the opposite direction. CMBS's current duration is published on the fund's factsheet on the issuer's website.

What is the credit quality of CMBS?

CMBS's credit quality breakdown — the share of holdings rated AAA through CCC and below — is published on the fund's factsheet. Higher-quality (investment-grade) funds yield less but carry less default risk than high-yield / junk bond funds.

What is the yield to maturity of CMBS?

Yield to maturity (YTM) is the total return you'd earn from CMBS if every bond in the portfolio is held to maturity at the current price. CMBS's YTM is published on the fund's factsheet on the issuer's website — it differs from the trailing-12-month yield because YTM reflects current bond prices rather than historical income paid.