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CMBS
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iShares CMBS ETF (CMBS)

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$48.27
Last Close (24-hour delay)
Profit since last BUY2.88%
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BUY since 116 days
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Upturn Advisory Summary

07/15/2025: CMBS (1-star) has a low Upturn Star Rating. Not recommended to BUY.

Upturn Star Rating

rating

Not Recommended Performance

These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.

Analysis of Past Performance

Type ETF
Historic Profit 9.52%
Avg. Invested days 80
Today’s Advisory Consider higher Upturn Star rating
Upturn Star Rating Upturn stock ratingUpturn stock rating
Upturn Advisory Performance Upturn Advisory Performance 4.0
ETF Returns Performance Upturn Returns Performance 3.0
Upturn Profits based on simulationUpturn Profits based on simulation Profits based on simulation
Upturn Profits based on simulationUpturn Profits based on simulation Last Close 07/15/2025

Key Highlights

Volume (30-day avg) -
Beta 0.71
52 Weeks Range 45.13 - 48.75
Updated Date 06/29/2025
52 Weeks Range 45.13 - 48.75
Updated Date 06/29/2025

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iShares CMBS ETF

ETF Overview

overview logo Overview

The iShares CMBS ETF (CMBS) seeks to track the investment results of an index composed of U.S. dollar-denominated, investment-grade commercial mortgage-backed securities. It offers exposure to the U.S. commercial real estate debt market.

reliability logo Reputation and Reliability

BlackRock is a leading global asset manager with a strong reputation for ETF management and a long track record of providing reliable investment products.

reliability logo Management Expertise

BlackRock has a dedicated team of fixed-income professionals with extensive experience in managing CMBS portfolios.

Investment Objective

overview logo Goal

To track the investment results of an index composed of U.S. dollar-denominated, investment-grade commercial mortgage-backed securities.

Investment Approach and Strategy

Strategy: The ETF employs a replication strategy, aiming to hold all or substantially all of the securities in the reference index.

Composition Primarily invests in U.S. dollar-denominated commercial mortgage-backed securities (CMBS) that are considered investment grade.

Market Position

Market Share: The iShares CMBS ETF holds a significant market share within the commercial mortgage-backed securities ETF segment, although market share data is dynamic and requires real-time data updates.

Total Net Assets (AUM): 1432000000

Competitors

overview logo Key Competitors

  • Vanguard Mortgage-Backed Securities ETF (VMBS)
  • SPDR Portfolio Mortgage Backed Securities ETF (SPMB)
  • Invesco Investment Grade Defensive ETF (IIGD)

Competitive Landscape

The CMBS ETF operates in a competitive landscape dominated by broader mortgage-backed securities ETFs. VMBS has higher market share due to its coverage including residential mortgages and higher liquidity. CMBS focuses solely on the commercial sector. Advantages for CMBS include the focus on commercial real estate and potentially higher yields, while disadvantages include lower liquidity than broader MBS ETFs.

Financial Performance

Historical Performance: Historical performance can be assessed through analysis of total return, dividend yield, and capital appreciation over various periods (e.g., 1-year, 3-year, 5-year, and 10-year). This data is available through financial data providers.

Benchmark Comparison: The ETF's performance should be compared to the Bloomberg US CMBS Index to assess its tracking effectiveness.

Expense Ratio: 0.25

Liquidity

Average Trading Volume

The ETF's average trading volume reflects its liquidity, generally allowing for relatively easy buying and selling of shares. Check real-time volume to confirm.

Bid-Ask Spread

The bid-ask spread is typically tight for this ETF, suggesting relatively low transaction costs, but this should be checked before trading.

Market Dynamics

Market Environment Factors

Economic indicators such as interest rates, GDP growth, and commercial real estate market conditions can affect the performance of CMBS. Additionally, regulatory changes in the financial industry also can alter its holdings.

Growth Trajectory

Growth depends on demand for commercial mortgage-backed securities and overall economic activity. Any strategy and holdings changes require evaluation of underlying asset changes.

Moat and Competitive Advantages

Competitive Edge

The iShares CMBS ETF provides targeted exposure to the commercial mortgage-backed securities market, offering investors access to a specific segment of the fixed-income universe. Its affiliation with BlackRock provides a degree of brand recognition and confidence. The ETF's relatively low expense ratio compared to actively managed CMBS funds can be advantageous. A key advantage is offering diversification within the CMBS market. However, it still has significant competition from Vanguard due to broader MBS coverage.

Risk Analysis

Volatility

Historical volatility can be assessed using standard deviation of returns over various periods. Review this data before investing.

Market Risk

Specific risks include credit risk (default by borrowers), interest rate risk (changes in interest rates impacting CMBS values), and prepayment risk (early repayment of mortgages affecting cash flows).

Investor Profile

Ideal Investor Profile

Investors seeking targeted exposure to the U.S. commercial real estate debt market, looking for income generation and diversification within their fixed-income portfolio may benefit from CMBS. Someone familiar with bond risks, including defaults.

Market Risk

Suitable for long-term investors seeking to diversify a fixed-income portfolio. Not suitable for active traders seeking short-term gains due to the nature of fixed-income instruments.

Summary

The iShares CMBS ETF offers targeted exposure to U.S. commercial mortgage-backed securities, providing a way to diversify a fixed-income portfolio. Its expense ratio is reasonable, but investors should be aware of credit risk and interest rate risk. It's best suited for long-term investors seeking income. BlackRock's management expertise adds to its appeal, though it should be analyzed against broader market offerings and competitors such as VMBS before investing.

Peer Comparison

Sources and Disclaimers

Data Sources:

  • iShares Website
  • Bloomberg
  • Morningstar
  • ETF.com

Disclaimers:

The information provided is for informational purposes only and does not constitute financial advice. Investment decisions should be based on individual circumstances and consultation with a qualified financial advisor. Data is based on available information and may be subject to change.

Upturn AI SummarizationUpturn AI Summarization AI Summarization is directionally correct and might not be accurate.

Upturn AI SummarizationUpturn AI Summarization Summarized information shown could be a few years old and not current.

Upturn AI SummarizationUpturn AI Summarization Fundamental Rating based on AI could be based on old data.

Upturn AI SummarizationUpturn AI Summarization AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.

About iShares CMBS ETF

Exchange NYSE ARCA
Headquaters -
IPO Launch date -
CEO -
Sector -
Industry -
Full time employees -
Website
Full time employees -
Website

The index measures the performance of investment-grade commercial mortgage-backed securities (CMBS), which are classes of securities (known as certificates) that represent interests in pools of commercial mortgages. The fund will invest at least 80% of its assets in the component securities of the underlying index, and it 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 underlying index.