- Last Ratings Update:06/30/2014
- Price as of 06/30/2014 :$111.44
- Net Assets:$779.9 Million
- Peer Rank:31 of 44
- Investment Rating:D+
We rate iShares Core US Credit Bond at D+. This overall rating indicates it is among the top 10% of all closed end funds in its peer group. Negative factors that influence this rating include a short term portfolio management tenure. The fund invests approximately 98% of its assets in bonds and may be considered for investors seeking a Corporate - Investment Grade strategy.
POSITIVES AND RISKS
Total return ranks below peers over the last three years. The iShares Core US Credit Bond has returned an annual rate of 5.97% since inception. More recently, the fund has generated a total return of 6.58% in the last five years, 4.89% in the last three years, and 7.20% in the last year. How does that compare to other equity funds? In the last five years, it has outperformed 20% of them. It has also outpaced 36% of its competitors on a three year basis and 22% of them over the last year for the period ending 6/30/2014. On a year to date basis, CRED has returned 4.73%.
Downside risk has been below average. CRED has a draw down risk of -7.32%, which is the largest price decline experienced over the last three years. This fund has a three year standard deviation of 4.4%. This fund has had very little volatility in its monthly performance over the last 36 months. As of 6/30/2014, the fund was trading at a price of $111.44, which is 0.5% below its 52-week high of $112.04 and 6.2% above its 52-week low of $104.89.
Low expense ratio helps performance. On total assets of $779.90 million, CRED maintains a low expense ratio compared to its Corporate - Investment Grade peers of just 0.20% to cover all operating costs. Brokerage costs for the fund to buy and sell shares are not included in the expense ratio. As CRED is an exchange traded fund, it has no front end or back end load.
The iShares Core US Credit Bond is managed by Scott F. Radell at BlackRock Fund Advisors. This fund is one of 301 BlackRock Fund Advisors exchange-traded funds launched since 3/12/1996 that we track.
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