Fixed Income

AGGG

iShares Core Global Aggregate Bond UCITS ETF

Overview

Important Information: Capital at Risk. The value of investments and the income from them can fall as well as rise and are not guaranteed. Investors may not get back the amount originally invested.

Important Information: Important Information: The value of your investment and the income from it will vary and your initial investment amount cannot be guaranteed. ETFs trade on exchanges like stocks and are bought and sold at market prices which may be different to the net asset values of the ETFs. Two main risks related to fixed income investing are interest rate risk and credit risk. Typically, when interest rates rise, there is a corresponding decline in the market value of bonds. Credit risk refers to the possibility that the issuer of the bond will not be able to repay the principal and make interest payments. The fund invests in fixed interest securities issued by companies. There is a risk of default where the issuing company may not pay income or repay capital to the Fund when due. The currency hedging is designed to reduce, but cannot eliminate the impact of currency movements between the Base Currency and the currencies in which some or all of the underlying investments are transacted. Depending on the exchange rates, this may have a positive or negative impact on the performance of the Fund.

All currency hedged share classes of this fund use derivatives to hedge currency risk. The use of derivatives for a share class could pose a potential risk of contagion (also known as spill-over) to other share classes in the fund. The fund’s management company will ensure appropriate procedures are in place to minimise contagion risk to other share class. Using the drop down box directly below the name of the fund, you can view a list of all share classes in the fund – currency hedged share classes are indicated by the word “Hedged” in the name of the share class. In addition, a full list of all currency hedged share classes is available on request from the fund’s management company.
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Performance

Performance

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Distributions

Record Date Ex-Date Payable Date
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This chart shows the fund's performance as the percentage loss or gain per year over the last 4 years. It can help you to assess how the fund has been managed in the past and compare it to its benchmark.

  2012 2013 2014 2015 2016 2017 2018 2019 2020 2021
Total Return (%) -1.3 6.7 9.0 -4.9
Benchmark (%) -1.2 6.8 9.2 -4.7
  From
30-Sep-2017
To
30-Sep-2018
From
30-Sep-2018
To
30-Sep-2019
From
30-Sep-2019
To
30-Sep-2020
From
30-Sep-2020
To
30-Sep-2021
From
30-Sep-2021
To
30-Sep-2022
Total Return (%)

as of 30.Sep.2022

- 7.46 6.05 -1.03 -20.43
Benchmark (%)

as of 30.Sep.2022

- 7.60 6.24 -0.91 -20.43
  1y 3y 5y 10y Incept.
-20.77 -6.25 - - -2.62
Benchmark (%) -20.79 -6.16 - - -2.51
  YTD 1m 3m 6m 1y 3y 5y 10y Incept.
-20.40 -0.69 -9.52 -10.34 -20.77 -17.61 - - -12.29
Benchmark (%) -20.44 -0.69 -9.51 -10.31 -20.79 -17.36 - - -11.82

Key Facts

Key Facts

Net Assets of Share Class as of 02.Dec.2022 USD 699,318,219
Net Assets of Fund as of 01.Dec.2022 USD 6,392,563,361
Share Class Launch Date 21.Nov.2017
Fund Launch Date 21.Nov.2017
Share Class Currency USD
Fund Base Currency USD
Asset Class Fixed Income
Benchmark Index The Bloomberg Global Aggregate Bond Index
SFDR Classification Other
Shares Outstanding as of 02.Dec.2022 160,207,978
Total Expense Ratio 0.10%
Distribution Frequency Semi-Annual
Use of Income Distributing
Securities Lending Return as of 30.Sep.2022 0.01 %
Domicile Ireland
Product Structure Physical
Rebalance Frequency Monthly
Methodology Sampled
UCITS Compliant Yes
Issuing Company iShares III plc
Fund Manager BlackRock Asset Management Ireland Limited
Administrator State Street Fund Services (Ireland) Limited
Custodian State Street Custodial Services (Ireland) Limited
Fiscal Year End 30 June
Bloomberg Ticker AGGG LN
ISIN IE00B3F81409

Portfolio Characteristics

Portfolio Characteristics

Number of Holdings as of 01.Dec.2022 11,148
Benchmark Level as of 02.Dec.2022 USD 451.88
Benchmark Ticker LEGATRUU
12m Trailing Yield as of 01.Dec.2022 1.54%
Standard Deviation (3y) as of 31.Oct.2022 6.85%
3y Beta as of 31.Oct.2022 0.998
Weighted Average YTM as of 01.Dec.2022 3.40%
Weighted Avg Coupon as of 01.Dec.2022 2.10%
Weighted Avg Maturity as of 01.Dec.2022 8.73
Effective Duration as of 01.Dec.2022 6.89

Sustainability Characteristics

Sustainability Characteristics

Sustainability Characteristics provide investors with specific non-traditional metrics. Alongside other metrics and information, these enable investors to evaluate funds on certain environmental, social and governance characteristics. Sustainability Characteristics do not provide an indication of current or future performance nor do they represent the potential risk and reward profile of a fund. They are provided for transparency and for information purposes only. Sustainability Characteristics should not be considered solely or in isolation, but instead are one type of information that investors may wish to consider when assessing a fund.


The metrics are not indicative of how or whether ESG factors will be integrated into a fund. Unless otherwise stated in fund documentation and included within a fund’s investment objective, the metrics do not change a fund’s investment objective or constrain the fund’s investable universe, and there is no indication that an ESG or Impact focused investment strategy or exclusionary screens will be adopted by a fund. For more information regarding a fund's investment strategy, please see the fund's prospectus.


Review the MSCI methodologies behind Sustainability Characteristics using the links below.

MSCI ESG Fund Rating (AAA-CCC) as of 21.Sep.2022 A
MSCI ESG % Coverage as of 21.Sep.2022 85.60
MSCI ESG Quality Score (0-10) as of 21.Sep.2022 6.16
MSCI ESG Quality Score - Peer Percentile as of 21.Sep.2022 41.21
Fund Lipper Global Classification as of 21.Sep.2022 Bond Global USD
Funds in Peer Group as of 21.Sep.2022 347
MSCI Weighted Average Carbon Intensity (Tons CO2E/$M SALES) as of 21.Sep.2022 178.76
MSCI Weighted Average Carbon Intensity % Coverage as of 21.Sep.2022 22.27
All data is from MSCI ESG Fund Ratings as of 21.Sep.2022, based on holdings as of 31.Aug.2022. As such, the fund’s sustainable characteristics may differ from MSCI ESG Fund Ratings from time to time.

To be included in MSCI ESG Fund Ratings, 65% of the fund’s gross weight must come from securities with ESG coverage by MSCI ESG Research (certain cash positions and other asset types deemed not relevant for ESG analysis by MSCI are removed prior to calculating a fund’s gross weight; the absolute values of short positions are included but treated as uncovered), the fund’s holdings date must be less than one year old, and the fund must have at least ten securities. For newly launched funds, Sustainability Characteristics are typically available 6 months after launch.

Business Involvement

Business Involvement

Business Involvement metrics can help investors gain a more comprehensive view of specific activities in which a fund may be exposed through its investments.


Business Involvement metrics are not indicative of a fund’s investment objective, and, unless otherwise stated in fund documentation and included within a fund’s investment objective, do not change a fund’s investment objective or constrain the fund’s investable universe, and there is no indication that an ESG or Impact focused investment strategy or exclusionary screens will be adopted by a fund. For more information regarding a fund's investment strategy, please see the fund's prospectus.


Review the MSCI methodology behind the Business Involvement metrics, using links below.

MSCI - Controversial Weapons as of 01.Dec.2022 0.13%
MSCI - UN Global Compact Violators as of 01.Dec.2022 0.17%
MSCI - Nuclear Weapons as of 01.Dec.2022 0.12%
MSCI - Thermal Coal as of 01.Dec.2022 0.02%
MSCI - Civilian Firearms as of 01.Dec.2022 0.00%
MSCI - Oil Sands as of 01.Dec.2022 0.05%
MSCI - Tobacco as of 01.Dec.2022 0.17%

Business Involvement Coverage as of 01.Dec.2022 28.15%
Percentage of Fund not covered as of 01.Dec.2022 71.85%
BlackRock business involvement exposures as shown above for Thermal Coal and Oil Sands are calculated and reported for companies that generate more than 5% of revenue from thermal coal or oil sands as defined by MSCI ESG Research. For the exposure to companies that generate any revenue from thermal coal or oil sands (at a 0% revenue threshold), as defined by MSCI ESG Research, it is as follows: Thermal Coal 0.11% and for Oil Sands 0.42%.

Business Involvement metrics are calculated by BlackRock using data from MSCI ESG Research which provides a profile of each company’s specific business involvement. BlackRock leverages this data to provide a summed up view across holdings and translates it to a fund's market value exposure to the listed Business Involvement areas above.


Business Involvement metrics are designed only to identify companies where MSCI has conducted research and identified as having involvement in the covered activity. As a result, it is possible there is additional involvement in these covered activities where MSCI does not have coverage. This information should not be used to produce comprehensive lists of companies without involvement. Business Involvement metrics are only displayed if at least 1% of the fund’s gross weight includes securities covered by MSCI ESG Research.

Ratings

Registered Locations

Registered Locations

  • Austria

  • Denmark

  • Finland

  • France

  • Germany

  • Ireland

  • Italy

  • Netherlands

  • Norway

  • Portugal

  • Saudi Arabia

  • Singapore

  • Spain

  • Sweden

  • Switzerland

  • United Kingdom

Holdings

Holdings

as of 01.Dec.2022
Issuer Weight (%)
UNITED STATES TREASURY 18.31
JAPAN (GOVERNMENT OF) 11.86
FEDERAL NATIONAL MORTGAGE ASSOCIATION 4.39
CHINA PEOPLES REPUBLIC OF (GOVERNMENT) 4.03
FRANCE (REPUBLIC OF) 2.91
Issuer Weight (%)
ITALY (REPUBLIC OF) 2.63
FEDERAL HOME LOAN MORTGAGE CORPORATION 2.58
GOVERNMENT NATIONAL MORTGAGE ASSOCIATION II 2.54
CHINA DEVELOPMENT BANK 2.27
GERMANY (FEDERAL REPUBLIC OF) 2.14
Issuer Ticker Name Sector Asset Class Market Value Weight (%) Notional Value Nominal Par Value ISIN Price Location Exchange Duration Maturity Coupon (%) Market Currency Effective Date
Detailed Holdings and Analytics contains detailed portfolio holdings information and select analytics.

Exposure Breakdowns

Exposure Breakdowns

as of 01.Dec.2022

% of Market Value

Type Fund
as of 01.Dec.2022

% of Market Value

Type Fund
Geographic exposure relates principally to the domicile of the issuers of the securities held in the product, added together and then expressed as a percentage of the product’s total holdings. However, in some instances it can reflect the location where the issuer of the securities carries out much of their business. Bonds are included in US bond indices when the securities are denominated in U.S. dollars regardless of the domicile of the issuer. 
as of 01.Dec.2022

% of Market Value

Type Fund
as of 01.Dec.2022

% of Market Value

Type Fund
Credit quality ratings on underlying securities of the fund are received from S&P, Moody’s and Fitch and converted to the equivalent S&P major rating category. This breakdown is provided by BlackRock and takes the median rating of the three agencies when all three agencies rate a security the lower of the two ratings if only two agencies rate a security and one rating if that is all that is provided. Unrated securities do not necessarily indicate low quality. Below investment-grade is represented by a rating of BB and below. Ratings and portfolio credit quality may change over time.

Allocations are subject to change.

Securities Lending

Securities Lending

Securities lending is an established and well regulated activity in the investment management industry. It involves the transfer of securities (such as shares or bonds) from a Lender (in this case, the iShares fund) to a third-party (the Borrower). The Borrower will give the Lender collateral (the Borrower’s pledge) in the form of shares, bonds or cash, and will also pay the Lender a fee. This fee provides additional income for the fund and thus can help to reduce the total cost of ownership of an ETF.

 

At BlackRock, securities lending is a core investment management function with dedicated trading, research and technology capabilities. The lending programme is designed to deliver superior absolute returns to clients, whilst maintaining a low risk profile. Funds participating in securities lending retain 62.5% of the income, while BlackRock receives 37.5% of the income and covers all the operational costs resulting from securities lending transactions.

  From
30-Sep-2012
To
30-Sep-2013
From
30-Sep-2013
To
30-Sep-2014
From
30-Sep-2014
To
30-Sep-2015
From
30-Sep-2015
To
30-Sep-2016
From
30-Sep-2016
To
30-Sep-2017
From
30-Sep-2017
To
30-Sep-2018
From
30-Sep-2018
To
30-Sep-2019
From
30-Sep-2019
To
30-Sep-2020
From
30-Sep-2020
To
30-Sep-2021
From
30-Sep-2021
To
30-Sep-2022
Securities Lending Return (%) 0.00 0.00 0.00 0.01
Average on-loan (% of AUM) 1.41 2.97 5.41 6.70
Maximum on-loan (% of AUM) 2.24 4.16 6.70 7.86
Collateralisation (% of Loan) 108.91 106.85 106.73 107.40
The above table summarises the lending data available for the fund.

The information in the Lending Summary table will not be displayed for the funds that have participated in securities lending for less than 12 months. The figures shown relate to past performance. Past performance is not a reliable indication of current or future results.
BlackRock’s policy is to disclose performance information quarterly subject to a one-month delay. This means that returns from 01/01/2019 to 31/12/2019 can be publicly disclosed from 01/02/2020.

Maximum on-loan figure may increase or decrease over time.

With securities lending there is a risk of loss should the borrower default before the securities are returned, and due to market movements, the value of collateral held has fallen and/or the value of the securities on loan has risen.
as of 01.Dec.2022
Ticker Name Asset Class Weight % ISIN SEDOL Exchange Location
Collateral Holdings shown on this page are provided on days where the fund participating in securities lending had an open loan.

The information in the Collateral Holdings table relates to securities obtained in the collateral basket under the securities lending programme for the fund in question. The information contained in this material is derived from proprietary and non-proprietary sources deemed by BlackRock to be reliable, is not necessarily all inclusive and is not guaranteed as to accuracy. Reliance upon information in this material is at the sole discretion of the reader. The primary risk in securities lending is that a borrower will default on their commitment to return lent securities while the value of the liquidated collateral does not exceed the cost of repurchasing the securities and the fund suffers a loss in respect of the short-fall.

The below table shows the Loan/Collateral Combinations and Collateral Levels for our European Lending funds.

Collateral Types
Loan Type Equities Government, Supranational and Agency Bonds Cash (Not for Reinvestment)
Equities 105%-112% 105%-106% 105%-108%
Government Bonds 110%-112% 102.5%-106% 102.5%-105%
Corporate Bonds 110%-112% 104%-106% 103.5%-105%

We also accept selected physically replicating Equity, Government Bond, Credit and Commodity ETFs as collateral.

Collateral parameters depend on the collateral and the loan combination, and the over collateralisation level may range from 102.5% to 112%. In this context, “Over Collateralisation” means that the aggregate market value of collateral taken will exceed the overall on-loan value. Collateral parameters are reviewed on an ongoing bases and are subject to change.
With securities lending there is a risk of loss should the borrower default before the securities are returned, and due to market movements, the value of collateral held has fallen and/or the value of the securities on loan has risen.

Listings

Listings

Exchange Ticker Currency Listing Date SEDOL Bloomberg Ticker RIC Bloomberg INAV Reuters INAV ISIN WKN Valor Common Code (EOC) ISIN of INAV
London Stock Exchange AGGG USD 23.Nov.2017 B3F8140 AGGG LN AGGG.L - - IE00B3F81409 A0RGEQ - - -
Xetra AGGG EUR 06.Feb.2018 BD1JY37 EUNU EUNU.DE - - IE00B3F81409 A0RGEQ 38893958 - -
SIX Swiss Exchange AGGG USD 16.Mar.2018 BYZKMN9 AGGG SW AGGG.S - - IE00B3F81409 A0RGEQ 38893958 - -

Literature

Literature

 
Please access the document library in order to find the KID/KIID in local language.