DOCSLIB.ORG

Blackrock-2020-Annual-Report.Pdf

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Blackrock-2020-Annual-Report.Pdf 2020 Annual Report Moving forward together. Our commitment to you. Our purpose We help more and more people e xperience financial well-being How we live it We help millions of We make investing We advance We contribute to people invest to build easier and more sustainable investing a more resilient savings that serve them affordable because our conviction economy that benefits throughout their lives Investing is out of reach for too many people, so is it delivers better more people BlackRock is helping to make investing easier and People deserve financial security across their more affordable for all savers. Our more than outcomes for investors We invest our clients’ money in companies of lifetime. That means meeting expenses today, 1,100 iShares exchange-traded funds (ETFs) simplify all types and sizes, in every region of the world. saving enough for important goals like retirement investing by making it more convenient for people to BlackRock understands that climate risk is These investments provide capital for companies and being prepared for all of life’s moments in access market opportunities anywhere in the world. investment risk that all of our clients face. To help to grow and create jobs, which, in turn, enables between. At BlackRock, the assets we manage on And we have demonstrated our commitment to manage it, we have put sustainability at the center economies and societies to prosper. We use our behalf of our clients — who are pension plans that making investing more affordable for more investors. of our investment approach. We offer more than voice as shareholders to urge companies to focus serve workers from all industries, individuals through In the past five years, iShares has helped save 200 environmental, social and governance (ESG) on important issues that will also impact the financial advisors, nonprofit organizations and investors over $400 million through reductions strategies to help investors meet their goals, from value of their investments, like climate change, academic institutions, insurance companies and in fund fees.¹ screening out specific sectors to proactively the fair treatment of workers and equality. We are governments — represent the futures of millions of supporting positive sustainable outcomes. We also also working through the BlackRock Foundation to people across the world. This is why we work with offer tools and technology to aid investors in better expand financial security for low income groups who such a deep sense of passion and responsibility understanding how climate change may impact their face barriers to economic participation and may be each and every day. investments over time. vulnerable to disruption from climate change. ¹ Cumulative cost-savings figure is calculated by taking the difference between the previous fund expense ratio and the new fund expense ratio from 2015 through 2020, multiplied by the fund assets under management at the time of the fund reduction. Methodology does not account for compounding savings over time. BlackRock Annual Report 2020 3 Delivering for clients We support millions of people around the world Building a global 100+ countries where we serve investment platform clients1 35 million Delivering value for all that meet clients’ specific needs. stakeholders is critical It is why we built our Aladdin with clients at the U.S. retirement savers invest technology and risk management to BlackRock’s long- in our products through their system: to help clients understand 1,2 defined contribution plans term success, but our and manage risk, operate more center clients — who entrust efficiently and make more us to manage assets on informed investment decisions. We support clients when It is why we pioneered the target- they need it most their behalf — are the reason BlackRock exists. date fund, an all-in-one portfolio that automatically adjusts for We have a responsibility different stages of an investor’s 100+ million to put their best interest life. And it is why we use our people use our indexing at the center of every voice as shareholders to urge capabilities globally1 decision we make. companies to focus on important issues — like climate change, the Our clients include people of all fair treatment of workers and 150,000 backgrounds saving for their equality — to better protect the wealth management futures. They are pensions, who long-term value of our clients’ professionals empowered by manage the retirement savings of 1 investments. Aladdin technology teachers, nurses, factory workers and small business owners. They We continue to innovate ahead are educational and nonprofit of clients’ evolving needs. For We use our voice to organizations, who work to example, in 2020 we introduced advocate on clients’ behalf educate students in pursuit of Aladdin Climate to better assess solving social challenges. And climate risks in investment they are insurance companies portfolios and launched LifePath 1,939 and governments, who support Paycheck to provide millions of engagements with people during life’s most difficult American workers with simplified companies on environmental moments and build hospitals, access to lifetime income topics such as climate risk schools and roads to improve their throughout their retirement. and the transition to a low- communities. By investing on our We innovate every day because carbon economy1,3 clients’ behalf, we help more and challenging the status quo and more people experience financial finding new solutions enhances 160,769 well-being throughout their lives. returns, convenience, value and transparency for our clients management and BlackRock has spent the last and helps them achieve their shareholder proposals 33 years helping to provide 1,3 long-term goals. voted better financial futures for our clients. We offer an extensive set of investment strategies, across 1 Source: BlackRock active and index, asset classes, 2 As of November 1, 2020. geographies and exposures, so 3 BlackRock Investment Stewardship data reflects the period from January 1, that we can develop solutions 2020 to December 31, 2020. 4 BlackRock Annual Report 2020 BlackRock Annual Report 2020 5 Delivering for clients Helping clients achieve their long – term goals Spotlight: Building resilience with renewable power BlackRock is unwavering in our sources — both of which are These big numbers have to boosting local service- commitment to working with 270 30 million necessary for long-term financial meaningful on-the-ground related employment. Today, clients to help them reach their well-being. impacts. For example, BlackRock the town continues to benefit goals over the long term. One projects homes invested in the construction from the management of these Our robust portfolio of renewable example of this commitment in of two solar power projects in green projects — from ongoing energy projects gives clients action is our renewable power BlackRock has invested in over Our wind and solar investments Queensland, Australia, in an area sponsorship of community events access to the opportunity platform. BlackRock’s Real Assets 270 wind and solar infrastructure produce enough clean energy to long known for coal mining, but to supplying a printing facility for presented by the global transition team manages one of the largest projects around the world*world¹ power over 30 million homes for which had recently begun to an internet access center. to a net-zero economy. BlackRock renewable power platforms in the one year*year¹ transition to renewable energy. has invested on their behalf in over Capturing the growth opportunity world, and across our strategies, The 240-megawatt portfolio was 270 wind and solar infrastructure in renewable projects such as we have over $11 billion of slated to generate enough clean projects around the world.¹ these helps our clients build invested and committed capital. energy to power around 85,000 36 million 20,000 Collectively these investments portfolios for the future — not Renewables have continued to homes in the region annually. produce enough clean energy only for the next five years but for grow as more of our clients look to cars jobs to power over 30 million homes The project was based in a the next century. They also serve alternative sources of return and for one year, leading to carbon small rural town of about 1,200 a large universe of stakeholders sustainable investments to add Our renewable power projects These investments have emissions reductions equivalent people. Over the nearly two-year by adding resilience to local resilience to their portfolios. At the will reduce carbon emissions supported approximately to removing 36 million cars construction period, BlackRock’s economies and the environment. same time, renewables are playing equivalent to removing 36 million 20,000 jobs*jobs¹ from the road and providing investment led to the creation a key role in helping to solve the cars from the road*road¹ approximately 20,000 jobs.¹ of 550 building jobs, in addition global climate crisis and the shift from fossil fuels to cleaner energy ¹ Source: BlackRock. Metrics estimated over the lifetime of BlackRock’s renewable power assets and funds. Employment figures are estimated using Political Economy Research Institute, ¹ Source: BlackRock. Metrics estimated over the lifetime of BlackRock’s renewable power assets and funds. Employment figures are estimated using University of Massachusetts Amherst, Green Growth, “A U.S. Program for Controlling Climate Political Economy Research Institute, University of Massachusetts Amherst, Green Growth, “A U.S. Program for Controlling Climate Change and Change and Expanding Job Opportunities.” Expanding Job Opportunities.” 6 BlackRock Annual Report 2020 BlackRock Annual Report 2020 7 Helping families navigate a crisis The stresses of working from home during COVID-19 hit families particularly hard, Inspiring employees as parents have juggled their day jobs with childcare, eldercare and finding time for selfcare. And while all working parents are feeling these pressures, research shows that Investing in women are disproportionately carrying this increased burden and millions of women are leaving the workforce as a result.
Load more

Recommended publications
  • © 2020 Thomson Reuters. No Claim to Original U.S. Government Works. 1 Garth JENSEN Et Al., Plaintiffs-Appellants, V
    Garth JENSEN et al., Plaintiffs-Appellants, v. ISHARES..., 2018 WL 5778127... 2018 WL 5778127 (Cal.App. 1 Dist.) (Appellate Brief) Court of Appeal, First District, California, Division Two. Garth JENSEN et al., Plaintiffs-Appellants, v. ISHARES TRUST et al., Defendants-Respondents. No. A153511. October 30, 2018. On Appeal from the San Francisco County Superior Court No. CGC 16-552567 The Honorable Curtis E.A. Karnow, Judge Respondents' Brief Eben P. Colby, Skadden, ARPS, Slate, Meagher & Flom, 500 Boylston Street, Boston, Massachusetts 02116, Telephone: (617) 573-4800, Facsimile: (617) 573-4822, [email protected]. Jeremy A. Berman, Skadden, ARPS, Slate, Meagher & Flom, Four Times Square, New York, NY 10036, Telephone: (212) 735-3000. Patrick Hammon (SBN 255047), Skadden, ARPS, Slate, Meagher & Flom, 525 University Avenue, Suite 1400, Palo Alto, California 94301, Telephone: (650) 470-4500, Facsimile: (650) 470-4570, [email protected]. Manish Mehta, Mark Weidman, Robert S. Kapito and Jack Gee, Advisors, Blackrock Investments, LLC, Facsimile: (917) 777-2032, jeremy.berman @skadden.com, for defendants-respondents Ishares Trust, Blackrock, Inc., Blackrock Fund. Bruce H. Schneider (pro hac vice), Stroock & Stroock & Lavan LLP, 180 Maiden Lane, New York, New York 10038, Telephone: (212) 806-5636, Facsimile: (212) 806-6006, [email protected], for defendants-respondents John Martinez, Cecilia H. Herbert, Charles A. Hurty, John Kerrigan, Robert H. Silver, Madhav V. Rajan and George G.C. Parker. John R. Loftus (126841), Stroock & Stroock & Lavan LLP, 2029 Century Park East, Los Angeles, California 90067, Telephone: (310) 556-5800, Facsimile: (310) 556-5959, [email protected], for defendants-respondents John Martinez, Cecilia H.
    [Show full text]
  • Ishares Mortgage Real Estate ETF REM Fact Sheet As of 06/30/2021
    iShares Mortgage Real Estate ETF REM Fact Sheet as of 06/30/2021 The iShares Mortgage Real Estate ETF seeks to track the investment results of an index composed of U.S. REITs that hold U.S. residential and commercial mortgages. KEY FACTS Fund Launch Date 05/01/2007 Expense Ratio 0.48% WHY REM? Benchmark FTSE Nareit All Mortgage 1 Exposure to the U.S. residential and commercial mortgage real estate sectors Capped Index 2 Targeted access to a subset of domestic real estate stocks and real estate 30 Day SEC Yield 5.68% Number of Holdings 33 investment trusts (REITs), which invest in real estate directly and trade like Net Assets $1,565,561,214 stocks 3 Use to diversify your portfolio and express a view on a specific U.S. real estate Ticker REM sector CUSIP 46435G342 Exchange Cboe BZX formerly known as BATS GROWTH OF 10,000 USD SINCE INCEPTION TOP HOLDINGS (%) ANNALY CAPITAL MANAGEMENT REIT INC 16.00 AGNC INVESTMENT REIT CORP 11.41 STARWOOD PROPERTY TRUST REIT INC 9.25 NEW RESIDENTIAL INVESTMENT REIT CO 5.91 HANNON ARMSTRONG SUSTAINABLE INFRA 5.19 Fund Benchmark CHIMERA INVESTMENT CORP 4.65 The Growth of $10,000 chart reflects a hypothetical $10,000 investment and assumes BLACKSTONE MORTGAGE reinvestment of dividends and capital gains. Fund expenses, including management fees and TRUST REIT CLA 4.37 other expenses were deducted. ARBOR REALTY TRUST REIT INC 3.46 PERFORMANCE APOLLO COMMERCIAL REAL 1 Year 3 Year 5 Year 10 Year Since Inception ESTATE FINA 3.41 TWO HARBORS INVESTMENT NAV 60.22% 3.77% 7.41% 6.48% -0.90% REIT CORP 3.16 Market Price 60.30% 3.78% 7.42% 6.47% -0.91% 66.81 Benchmark 61.17% 4.59% 8.14% 7.12% 1.60% Holdings are subject to change.
    [Show full text]
  • Tax-Exempt Interest Dividends by State for 2020
    TAX-EXEMPT INTEREST DIVIDENDS BY STATE FOR 2020 Generally, interest income from coupon or "original issue discount" on a qualified municipal obligation is tax-free for federal income tax purposes. If any holder (individual, fund or otherwise) purchases such a qualified municipal obligation on the secondary market at a discount to the obligation's face value or original issue discount cost basis, sections 1276 and 1278 of the Tax Code treat such "market discount" as taxable income. Accordingly, a portion of such market discount "earned" (on a fixed yield to maturity basis) may be paid by a fund as taxable dividends in Box 1a of your financial advisor or brokerage firm 2020 IRS Form 1099-DIV. Although income dividends paid by the iShares multi-state funds are generally exempt from US Federal income tax (subject to the market discount discussion above), for state income tax purposes only the portion of Fund income dividends earned from the shareholder's state of residence (and from US territorial obligations) may be exempt from state personal income tax. The information below is provided to assist with the completion of shareholder state income tax returns. The amount of tax-exempt interest income in Box 11 of 2020 IRS Form 1099- DIV should be multiplied by the applicable state percentage below to obtain the amount of income potentially exempt from state income tax. Please note that some states (such as California) have fund investment threshold requirements for passing through state-exempt income which could result in exempt-income dividends being completely taxable in the state with the investment threshold.
    [Show full text]
  • Ishares Trust (The “Trust”)
    iShares® Trust Statement of Additional Information Dated December 1, 2020 This combined Statement of Additional Information (“SAI”) is not a prospectus. It should be read in conjunction with the current prospectuses (each, a “Prospectus” and collectively, the “Prospectuses”) for the following series of iShares Trust (the “Trust”): Fund Ticker Listing Exchange iShares Core Conservative Allocation ETF AOK NYSE Arca iShares Core Moderate Allocation ETF AOM NYSE Arca iShares Core Growth Allocation ETF AOR NYSE Arca iShares Core Aggressive Allocation ETF AOA NYSE Arca Each Fund invests substantially all of its assets in other iShares funds that, in turn, invest in equities, bonds and/or short-term instruments based on an index (each, an “Underlying Fund” and collectively, the “Underlying Funds”). BlackRock Fund Advisors (“BFA” or the “Investment Adviser”), an indirect wholly-owned subsidiary of BlackRock, Inc., serves as investment adviser to the Funds and also serves as investment adviser to each of the Underlying Funds. References to the investments and risks of the Funds, unless otherwise indicated, should be understood as references to the investments and risks of the related Underlying Funds. The Prospectuses for the above-listed funds (each, a “Fund” and together, the “Funds”) are dated December 1, 2020, as amended and supplemented from time to time. Capitalized terms used herein that are not defined have the same meaning as in the applicable Prospectus, unless otherwise noted. The Financial Statements and Notes contained in the applicable Annual Report and Semi-Annual Report of the Trust for the Funds are incorporated by reference into and are deemed to be part of this SAI.
    [Show full text]
  • Ishares U.S. ETF Trust (The “Trust”)
    iShares® U.S. ETF Trust Statement of Additional Information Dated March 1, 2021 (as revised September 10, 2021) This Statement of Additional Information (“SAI”) is not a prospectus. It should be read in conjunction with the current prospectuses (each, a “Prospectus” and collectively, the “Prospectuses”) for the following series of iShares U.S. ETF Trust (the “Trust”): Fund Ticker Listing Exchange BlackRock Short Maturity Bond ETF NEAR Cboe BZX BlackRock Short Maturity Municipal Bond ETF MEAR Cboe BZX BlackRock Ultra Short-Term Bond ETF ICSH Cboe BZX The Prospectuses for the above-listed funds (each, a “Fund” and collectively, the “Funds”) are dated March 1, 2021, as amended and supplemented from time to time. Capitalized terms used herein that are not defined have the same meaning as in the applicable Prospectus, unless otherwise noted. The Financial Statements and Notes contained in the applicable Annual Report and Semi-Annual Report of the Trust for the Funds are incorporated by reference into and are deemed to be part of this SAI. A copy of each Fund’s Prospectus, Annual Report and Semi-Annual Report may be obtained without charge by writing to the Trust’s distributor, BlackRock Investments, LLC (the “Distributor” or “BRIL”), 1 University Square Drive, Princeton, NJ 08540, calling 1-800-iShares (1-800-474-2737) or visiting www.iShares.com. Each Fund’s Prospectus is incorporated by reference into this SAI. References to the Investment Company Act of 1940, as amended (the “Investment Company Act” or the “1940 Act”), or other applicable law, will include any rules promulgated thereunder and any guidance, interpretations or modifications by the Securities and Exchange Commission (the “SEC”), SEC staff or other authority with appropriate jurisdiction, including court interpretations, and exemptive, no action or other relief or permission from the SEC, SEC staff or other authority.
    [Show full text]
  • Larry Fink CEO Letter | Blackrock Blackrock Ishares Aladdin Our Company About Us Newsroom Insights Investor Relations Corporate Sustainability Careers Local Websites
    Larry Fink CEO Letter | BlackRock BlackRock iShares Aladdin Our company About Us Newsroom Insights Investor Relations Corporate sustainability Careers Local websites Read Larry Fink’s 2021 letter to CEOs Larry Fink's 2021 letter to CEOs Dear CEO, BlackRock is a fiduciary to our clients, helping them invest for long-term goals. Most of the money we manage is for retirement – for individuals and pension beneficiaries like teachers, firefighters, doctors, businesspeople, and many others. It is their money we manage, not our own. The trust our clients place in us, and our role as the link between our clients and the companies they invest in, gives us a great responsibility to advocate on their behalf. This is why I write to you each year, seeking to highlight issues that are pivotal to creating durable value – issues such as capital management, long-term strategy, purpose, and climate change. We have long believed that our clients, as shareholders Read BlackRock'sin your company, 2021 willletter benefit to clients if you can create enduring, sustainable value for all of your stakeholders. I began writing these letters in the wake of the financial crisis. But over the past year, we experienced something even more far-reaching – a pandemic that has enveloped the entire globe and changed it permanently. It has both exacted a horrific human toll and transformed the way we live – the way we work, learn, access medicine, and much more. https://www.blackrock.com/corporate/investor-relations/larry-fink-ceo-letter[1/27/2021 1:14:11 PM] Larry Fink CEO Letter | BlackRock The consequences of the pandemic have been highly uneven.
    [Show full text]
  • FS Investment Corporation (Exact Name of Registrant As Specified in Its Charter)
    UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (Date of earliest event reported): March 31, 2014 FS Investment Corporation (Exact name of Registrant as specified in its charter) Maryland 814-00757 26-1630040 (State or other jurisdiction (Commission (I.R.S. Employer of incorporation) File Number) Identification No.) Cira Centre 2929 Arch Street, Suite 675 Philadelphia, Pennsylvania 19104 (Address of principal executive offices) (Zip Code) Registrant’s telephone number, including area code: (215) 495-1150 None (Former name or former address, if changed since last report) Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions: ☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) ☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) ☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) ☒ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) Item 2.02. Results of Operations and Financial Condition. Special Cash Distributions FS Investment Corporation (the “Company”) previously announced that it expected to distribute a portion of its excess income to stockholders in the form of special cash distributions. The board of directors of the Company (the “Board”) intends to declare two special cash distributions, each in the amount of $0.10 per share, that will be paid on August 15, 2014 and November 14, 2014 to stockholders of record as of July 31, 2014 and October 31, 2014, respectively.
    [Show full text]
  • 1500088355.Pdf
    Agenda 8:00 – 8:15am Welcome Remarks Robert S. Kapito , President 8:20 – 8:40am Strategic Product Management: Optimizing the Platform J. Richard Kushel , Deputy COO & Head of Strategic Product Management 8:45 – 9:15am Combined Power of Alpha & Beta Quintin R. Price , Global Head of Alpha Strategies Amy L. Schioldager , Global Head of Beta Strategies 9:20 – 9:50am Retail: A Global Opportunity Robert W. Fairbairn , Global Head of Retail & iShares 9:55 – 10:10am Break 10:10 – 10:40am Institutional & BlackRock Solutions: Focused Execution Robert L. Goldstein , Global Head of Institutional & BlackRock Solutions 10:40 – 11:00am Aladdin Platform: Sustainable Differentiation Charles S. Hallac , COO 11:05 – 11:35am iShares: Growth from Here Mark K. Wiedman , Global Head of iShares 11:40 – 12:10pm Delivering Shareholder Value Gary S. Shedlin , CFO 12:10 – 12:15pm Break 12:15 – 12:45pm Luncheon 12:45 – 1:30pm Audience Discussion 1:30 – 2:00pm Closing Remarks & Final Questions Laurence D. Fink , Chairman & CEO Forward-looking Statements This presentation, and other statements that BlackRock may make, may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act, with respect to BlackRock’s future financial or business performance, strategies or expectations. Forward-looking statements are typically identified by words or phrases such as “trend,” “potential,” “opportunity,” “pipeline,” “believe,” “comfortable,” “expect,” “anticipate,” “current,” “intention,” “estimate,” “position,” “assume,” “outlook,” “continue,” “remain,” “maintain,” “sustain,” “seek,” “achieve,” and similar expressions, or future or conditional verbs such as “will,” “would,” “should,” “could,” “may” and similar expressions. BlackRock cautions that forward-looking statements are subject to numerous assumptions, risks and uncertainties, which change over time.
    [Show full text]
  • Presentation by Blackrock for Passive Panel Mandate
    March 11th, 2020 State of Connecticut BlackRock’s Proposal for Passive Investment Management Partnership FOR USE WITH STATE OF CONNECTICUT ONLY – PROPRIETARY AND CONFIDENTIAL ICBH0320U-1107245-1/90 With You Today Emily Foote Kathryn Donovan Paul Francis Index Equity Strategy Systematic Fixed Income Strategy Transition Management Zaneta Koplewicz Samantha Trabucco Senior Relationship Manager Relationship Manager ICBH0320U-1107245-2/90 FOR USE WITH STATE OF CONNECTICUT ONLY - PROPRIETARY AND CONFIDENTIAL 2 Table of Contents I. BlackRock Strategic Partnership II. BlackRock Index Investments Overview III. BlackRock Index Investments Philosophy and Process IV. Performance Attribution V. Equity Index Events VI. Transition Management Capabilities VII. Appendix - Fee Proposal & Performance Composites VIII. Appendix - Platform Offerings IX. Disclosures ICBH0320U-1107245-3/90 FOR USE WITH STATE OF CONNECTICUT ONLY - PROPRIETARY AND CONFIDENTIAL 3 I. BlackRock Strategic Partnership ICBH0320U-1107245-4/90 Why Choose BlackRock to be your Strategic Partner? • Manage $4.5 trillion in indexed assets, with over $1 trillion on behalf of Global Leader in pension plans. Indexing • Strong track record spanning four decades, demonstrating the ability to manage to a wide range of benchmarks. • Competitive fee arrangement in consideration of our broader partnership. • Ability to provide custom solutions incorporating ESG considerations and an Holistic Partnership emphasis on emerging broker utilization. Approach • Partnership capabilities in related services, including transition management and risk management. • Demonstrated firm level commitment to ESG and Inclusion & Diversity. Shared Values • Emerging Broker program focused on supporting the growth and development of the Emerging Broker ecosystem. • Our robust indexing platform is supported by our unparalleled proprietary Risk Management investment and risk analytics platform, Aladdin.
    [Show full text]
  • ASTOR DYNAMIC ALLOCATION FUND SCHEDULE of INVESTMENTS (Unaudited) April 30, 2021
    ASTOR DYNAMIC ALLOCATION FUND SCHEDULE OF INVESTMENTS (Unaudited) April 30, 2021 Shares Fair Value EXCHANGE-TRADED FUNDS — 98.3% COMMODITY - 10.1% 860,996 Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF $ 16,040,355 EQUITY - 60.2% 73,049 Invesco S&P 500 Equal Weight Technology ETF (a) 20,260,140 51,963 iShares Core MSCI Emerging Markets ETF (a) 3,402,018 194,365 iShares MSCI USA Equal Weighted ETF 15,980,690 133,065 iShares MSCI USA Min Vol Factor ETF 9,574,027 113,413 SPDR Portfolio Emerging Markets ETF 5,035,537 308,781 SPDR Portfolio S&P 1500 Composite Stock Market ETF 15,951,626 362,518 SPDR Portfolio S&P 500 ETF 17,777,883 189,021 Wisdomtree Emerging Markets EX-State-Owned Enterprises Fund 7,781,995 95,763,916 FIXED INCOME - 28.0% 153,452 First Trust Low Duration Opportunities ETF (a) 7,849,070 167,051 First Trust Senior Loan ETF (a) 7,998,402 37,629 iShares iBoxx $ Investment Grade Corporate Bond ETF (a) 4,935,043 148,452 iShares Trust iShares 1-5 Year Investment Grade Corporate Bond ETF(a) 8,136,654 273,948 Quadratic Interest Rate Volatility and Inflation ETF (a) 7,826,694 95,367 Vanguard Short-Term Bond ETF (a) 7,849,658 44,595,521 TOTAL EXCHANGE-TRADED FUNDS (Cost $141,877,823) 156,399,792 ASTOR DYNAMIC ALLOCATION FUND SCHEDULE OF INVESTMENTS (Unaudited) (Continued) April 30, 2021 Shares Fair Value SHORT-TERM INVESTMENTS — 12.9% INVESTMENT PURCHASED AS SECURITIES LENDING COLLATERAL – 11.1% 17,651,805 Morgan Stanley Liquidity Treasury Fund, Institutional Class, 0.01% (b)(c) $ 17,651,805 MONEY MARKET FUNDS - 1.8% 2,919,271 BlackRock Liquidity Funds T-Fund, Institutional Class, 0.02% (b) 2,919,271 TOTAL SHORT-TERM INVESTMENTS (Cost $20,571,076) 20,571,076 TOTAL INVESTMENTS - 111.2% (Cost $162,448,899) $ 176,970,868 LIABILITIES IN EXCESS OF OTHER ASSETS - (11.2)% (17,854,659) $ 159,116,209 NET ASSETS - 100.0% ETF - Exchange-Traded Fund MSCI - Morgan Stanley Capital International SPDR - Standard & Poor's Depositary Receipt (a) Security, or a portion of the security, is out on loan at April 30, 2021.
    [Show full text]
  • Ishares US Equity Style Box ETF Narrative and Essentials Outline
    Index the core Using iShares® ETFs at the core of your portfolio iCRMH0721U/S-1740376-1/19 Index the core Using iShares ETFs at the core of your portfolio Insights Getting started U.S. equities IVV, IJH, IJR Three reasons to Fixed income index the core AGG, IUSB International equities IXUS, IEFA, IEMG ETF education iCRMH0721U/S-1740376-2/19 THREE REASONS TO INDEX THE CORE Competitive performance Think index means average? Think again. Over the last 10 years, iShares S&P blend ETFs 1 have outperformed both their ETF and mutual fund peers. 10 year performance track record Value Blend Growth iShares Fund IVV % of funds it has outperformed Large Cap* ILCV IVV ILCG 86% (based on total return) 820 # of funds in category IJH Mid Cap IMCV IJH IMCG 76% 202 IJR Small Cap ISCV IJR ISCG 98% 356 *ILCV and ILCG also have exposure to mid-cap securities, which can cause overlap with IMCV and IMCG. Clients could consider using both if they’d like to be overweight to mid-cap securities. Source: Morningstar, as of 6/30/2021. Comparison universe is ETFs and mutual funds in each Morningstar category and uses total return. The underlying indexes for ILCV, IMCV, ISCV, ILCG, IMCG and ISCG were changed in March/April 2021 which is why they are not shown in the chart above (limited track record given new exposures). For 1 year and 5 year performance of IVV, JHI and IJR, please see the end of this document. For more information on Morningstar Rankings, please see the end of this document.
    [Show full text]
  • Morningstar Fund Family 150 Report Date: January 1, 2021
    ? Morningstar Fund Family 150 Research on the 150 Largest U.S. Fund Families Morningstar Research Services Introduction January 1 2021 The Fund Family 150 report helps thousands of investors evaluate the 150 largest U.S. fund families. This report puts Morningstar’s data, ratings, and commentary in a single document that is easy for Contents investors to navigate. Additionally, we include facts and figures for each fund family's market share, 1 Introduction 2 Contents flows, and fees. 8 Summary 15 Fund Family Pages Our objectives include: 166 Appendix 1. Make information on fund families transparent and easy to find 2. Eliminate information asymmetry Morningstar Research Services 3. Verify the statistics provided by asset managers [email protected] 4. Give credibility to fund companies that act in investors' best interests Of the 800 fund families in the U.S., these fund families account for 98% of the $23.2 trillion invested in U.S. open-end mutual funds and ETFs. Download the Data Make side-by-side comparisons by downloading the Fund Family 150 spreadsheet. Download the Data Source: Morningstar Research Services, Morningstar Direct. Data as of 12/31/2020 for open-end funds and exchange-traded funds available to investors in the United States. Please see the Appendix for information about the data in this report or contact [email protected]. Page 2 Fund Family 150 Contents Quantitative Fund Assets Fund Family Page Rating Ranking USD Bil Aberdeen 16 ¶ Average 92 $15 AIG 17 § Below Average 142
    [Show full text]