MBBA – iShares Mortgage-Backed Secs Act ETF – ETF Investment Strategy | Morningstar

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Strategy

The investment seeks to maximize total return, consistent with income generation and prudent investment management. Under normal circumstances, the fund invests at least 80% of its net assets, plus any borrowings for investment purposes, in MBS and derivatives that provide investment exposure to such securities or to one or more market risk factors associated with such securities. Such securities include, but are not limited to, securities issued by GNMA, Fannie Mae and Freddie Mac as well as other U.S. government securities.

Ticker	Name	Share Class Type	Investment Status	Morningstar Rating for Funds Overall	Medalist Rating Overall	Inception Date	Total Net Assets for Share Class	Adjusted Expense Ratio	Fee Level Distribution	Minimum Initial Investment	1-Year Net Flow
MBBA	iShares Mortgage-Backed Securities Active ETF	ETF	Open			May 18, 1998	$701.88M	0.250%	Below Average	—	$555.69M

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