GBF ETF ANALYSIS

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GBF ETF FUNDAMENTALS
GBF ETF PERFORMANCE

GBF ISSUER

The issuer of the GBF (iShares Government/Credit Bond ETF) is BlackRock Fund Advisors (BFA). The fund seeks to track the performance of the Bloomberg U.S. Government/Credit Bond Index, which includes U.S. dollar-denominated U.S. Treasury bonds, government-related bonds, and investment-grade U.S. corporate bonds with a remaining maturity of greater than or equal to one year. BFA employs a representative sampling indexing strategy to manage the fund and aims to achieve its investment objective by investing in a way that closely aligns with the index's characteristics. The fund may also invest in futures, options, swaps contracts, and other fixed income securities to help achieve its tracking goal.

GBF DIVIDEND

The Fund seeks to replicate the performance of the Bloomberg U.S. Government/Credit Bond Index, emphasizing U.S. dollar-denominated U.S. Treasury bonds, government-related bonds, and investment-grade U.S. corporate bonds with over one year remaining maturity. While tracking the index, GBF aims to minimize risks associated with active management and aims for consistent dividend income for investors.

GBF TRACKING

The GBF fund employs a representative sampling indexing strategy to track the Bloomberg U.S. Government/Credit Bond Index. It invests at least 80% of its assets in component securities of the index and aims to maintain an investment profile similar to the index, achieving lower costs and reduced risks compared to active management. The fund may also use derivatives, but its focus is on closely mirroring the index's performance before fees and expenses.

GBF CORRELATION

The GBF fund seeks to track the Bloomberg U.S. Government/Credit Bond Index, which comprises U.S. Treasury, government-related, and investment-grade corporate bonds. Its objective is to correlate its performance with the index by using a representative sampling approach, investing at least 80% in index components. The fund's aim is not to outperform the index significantly, prioritizing reduced risk through indexing, potentially sacrificing substantial outperformance opportunities.

GBF SECTOR

The GBF ETF (Exchange-Traded Fund) seeks to track the Bloomberg U.S. Government/Credit Bond Index. This index includes U.S. Treasury bonds, government-related bonds, and investment-grade U.S. corporate bonds with a maturity of one year or more. The fund aims to replicate the index's performance and primarily invests in its component securities, providing exposure to the government and credit bond sector while using a representative sampling strategy to mirror the index's characteristics.

GBF EXPOSURE

The GBF fund seeks to mirror the performance of the Bloomberg U.S. Government/Credit Bond Index, which includes U.S. Treasury bonds, government-related bonds, and investment-grade U.S. corporate bonds with over a year of maturity. The fund primarily invests in securities of the Underlying Index, with a focus on fixed income assets, aiming to achieve index-like returns while minimizing active management risks. The fund may also utilize derivatives and alternative fixed income securities, up to 10% of assets, to enhance index tracking.

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