Fixed Income

BMOAX

iShares U.S. Aggregate Bond Index Fund

Overview

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Performance

Performance

Growth of Hypothetical $10,000

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Distributions

Record Date Ex-Date Payable Date
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  1y 3y 5y 10y
-4.50 1.37 1.78 1.81
Benchmark (%) -4.15 1.69 2.14 2.24
Morningstar Category Avg. (%) -8.64 0.40 1.13 1.70
Morningstar Ranking 245/433 296/388 265/356 198/262
Morningstar Quartile 3 4 3 4
Lipper Category Avg. (%) -4.30 1.96 2.21 2.34
Lipper Ranking 314/513 395/485 353/439 273/320
Lipper Quartile 3 4 4 4
  YTD 1m 3m 1y 3y 5y 10y
-5.90 -2.81 -5.90 -4.50 4.16 9.22 19.68
Benchmark (%) -5.93 -2.78 -5.93 -4.15 5.15 11.19 24.80
Morningstar Category Avg. (%) -9.30 -3.65 -7.46 -8.64 5.09 10.62 24.48
Lipper Category Avg. (%) -5.93 -2.70 -5.93 -4.30 6.00 11.57 26.18
  2017 2018 2019 2020 2021
Total Return (%) 3.09 -0.48 8.39 7.33 -2.09
Benchmark (%) 3.54 0.01 8.72 7.51 -1.54
Morningstar Category Avg. (%) 3.71 -0.50 8.06 7.52 -1.48
The performance quoted represents past performance and does not guarantee future results. Investment return and principal value of an investment will fluctuate so that an investor's shares, when sold or redeemed, may be worth more or less than the original cost. Current performance may be lower or higher than the performance quoted. The performance information for periods prior to the inception date of the share class are based on the Fund’s Class K Shares, adjusted to reflect the fees and expenses applicable to such share class. See the fund prospectus for more details.

Key Facts

Key Facts

Net Assets as of Jul 05, 2022 $114,861,896
Net Assets of Fund as of Jul 05, 2022 $2,189,336,281
Share Class launch date Mar 31, 2011
Asset Class Fixed Income
Benchmark Index BBG U.S. Aggregate Index
Distribution Frequency Monthly
Morningstar Category Intermediate Core Bond
Lipper Classification Core Bond Funds
CUSIP 066923400
Max Offer Price as of Jul 05, 2022 $9.40
Open to New Investors Yes
Turnover Percent in the Annual Report 175%

Portfolio Characteristics

Portfolio Characteristics

Number of Holdings as of May 31, 2022 5,231
30 Day SEC Yield as of May 31, 2022 2.26%
Alpha (3y) as of Jun 30, 2022 -0.02
Yield to Maturity as of May 31, 2022 3.34%
R-Squared (3y) as of Jun 30, 2022 99.72
Fund Standard Deviation (3y) as of Jun 30, 2022 4.51
Beta (3y) as of Jun 30, 2022 1.00
Average Coupon as of May 31, 2022 2.52%
Unsubsidized 30-Day SEC Yield as of May 31, 2022 2.25%
Yield to Worst as of May 31, 2022 3.34%
Effective Duration as of May 31, 2022 6.64 yrs
WAL to Worst as of - -
Best 3-Month Return Over the Last 3 Years 3 months ending Aug 31, 2019 4.00%
Worst 3-Month Return Over the Last 3 Years 3 months ending Apr 30, 2022 -7.58%
This information must be preceded or accompanied by a current prospectus. For standardized performance, please see the Performance section above.

Sustainability Characteristics

Sustainability Characteristics

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. MSCI Ratings are currently unavailable for this fund.

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 May 31, 2022 0.22%
MSCI - UN Global Compact Violators as of May 31, 2022 0.37%
MSCI - Nuclear Weapons as of May 31, 2022 0.16%
MSCI - Thermal Coal as of May 31, 2022 0.00%
MSCI - Civilian Firearms as of May 31, 2022 0.00%
MSCI - Oil Sands as of May 31, 2022 0.08%
MSCI - Tobacco as of May 31, 2022 0.18%

Business Involvement Coverage as of May 31, 2022 23.23%
Percentage of Fund not covered as of May 31, 2022 76.77%
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 0.07% and for Oil Sands 0.53%.

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.

Fees

Fees

Gross Expense Ratio 0.36%
Net Expense Ratio 0.35%

Net Expense Ratio excluding Investment Related Expenses is 0.34%

  • Acquired Fund Fees and Expenses 0.01%
  • Interest expense 0.00%

Ratings

Ratings

Lipper Leader

 
 
 
Overall Lipper Leaders ratings based on an equal-weighted average of percentile ranks for each measure over 3-, 5-, and 10-year periods (if applicable) and do not take into account the effects of sales charges for these categories (Consistent Return, Preservation, Total Return, Expense, and Tax Efficiency) as of May 31, 2022 out of 475, 6,254, 479, 124 and 479 Funds, respectively in Lipper's Core Bond Funds classification.

Holdings

Holdings

as of May 31, 2022
Name Weight (%)
UNITED STATES TREASURY 40.63
FEDERAL NATIONAL MORTGAGE ASSOCIATION 15.00
FEDERAL HOME LOAN MORTGAGE CORPORATION 7.01
GOVERNMENT NATIONAL MORTGAGE ASSOCIATION II 5.55
BANK OF AMERICA CORP 0.67
Name Weight (%)
JPMORGAN CHASE & CO 0.59
FEDERAL HOME LOAN MORTGAGE CORPORATION -GOLD 0.58
GOLDMAN SACHS GROUP INC/THE 0.42
WELLS FARGO & COMPANY 0.38
CITIGROUP INC 0.38

Exposure Breakdowns

Exposure Breakdowns

as of May 31, 2022

% of Market Value

Type Fund Benchmark Net
as of May 31, 2022

% of Market Value

Type Fund Benchmark Net
Allocations subject to change.
as of May 31, 2022

% of Market Value

Type Fund Benchmark Net
as of May 31, 2022

% of Market Value

Type Fund Benchmark Net
as of May 31, 2022

% of Market Value

Type Fund Benchmark Net
The fund itself has not been rated by an independent rating agency. 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.

Negative weightings may result from specific circumstances (including timing differences between trade and settle dates of securities purchased by the funds) and/or the use of certain financial instruments, including derivatives, which may be used to gain or reduce market exposure and/or risk management. Certain transactions the funds may utilize may give rise to a form of leverage through either (a) additional market exposure or (b) borrowing capital in an attempt to increase investment return. The use of such transactions includes certain leverage-related risks, including potential for higher volatility, greater decline of the fund’s net asset value and fluctuations of dividends and distributions paid by the fund.

Allocations are subject to change.

Portfolio Managers

Portfolio Managers

James Mauro
James Mauro
Karen Uyehara
Core Portfolio Manager, Systematic Fixed Income

  

Portfolio Manager