Fixed Income

BMOPX

iShares U.S. Aggregate Bond Index Fund

Overview

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Performance

Performance

Growth of Hypothetical $10,000

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Distributions

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  1y 3y 5y 10y
7.34 5.02 4.07 3.39
3.04 3.61 3.21 2.97
Morningstar Category Avg. (%)

as of Dec 31, 2020

7.52 5.11 4.26 3.69
Morningstar Ranking

as of Dec 31, 2020

273/415 - - -
Morningstar Quartile

as of Dec 31, 2020

3 3 3 3
Lipper Ranking

as of Dec 31, 2020

399/505 - - -
Lipper Quartile

as of Dec 31, 2020

4 - - -
  YTD 1m 3m 1y 3y 5y 10y
7.34 0.13 0.61 7.34 15.83 22.05 39.56
3.04 -3.88 -3.41 3.04 11.21 17.12 34.03
Morningstar Category Avg. (%)

as of Dec 31, 2020

7.52 0.25 0.95 7.52 16.12 23.18 43.72
  2016 2017 2018 2019 2020
Total Return (%) - - -0.38 8.32 7.34
Morningstar Category Avg. (%) 3.23 3.71 -0.50 8.06 7.52
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

Size of Class (Millions) as of Jan 21, 2021 $7.1 M
Size of Fund (Millions) as of Jan 21, 2021 $2,722.4 M
Share Class launch date Aug 06, 2018
Asset Class Fixed Income
Morningstar Category Intermediate Core Bond
Lipper Classification Core Bond Funds
Benchmark Index BBG Barc U.S. Aggregate Index
CUSIP 066923228
Distribution Frequency Monthly
Number of Holdings as of Dec 31, 2020 5,036
Max Offer Price as of Jan 21, 2021 $11.25
Open to New Investors No
Turnover Percent in the Annual Report 158%

Portfolio Characteristics

Portfolio Characteristics

30 Day SEC Yield as of Dec 31, 2020 0.82%
Alpha (3y) as of - -
Yield to Maturity as of Dec 31, 2020 1.03%
Yield to Worst as of Dec 31, 2020 1.01%
R-Squared (3y) as of - -
Beta (3y) as of - -
Average Coupon as of Dec 31, 2020 2.76%
Unsubsidized 30-Day SEC Yield as of Dec 31, 2020 0.81%
Effective Duration as of Dec 31, 2020 6.01 yrs
Weighted Average Life as of Dec 31, 2020 7.89 yrs
This information must be preceded or accompanied by a current prospectus. For standardized performance, please see the Performance section above.

Sustainability Characteristics

Sustainability Characteristics

Sustainability Characteristics can help investors integrate non-financial, sustainability considerations into their investment process. These metrics enable investors to evaluate funds based on their environmental, social, and governance (ESG) risks and opportunities. This analysis can provide insight into the effective management and long-term financial prospects of a fund.


The metrics below have been provided for transparency and informational purposes only. The existence of an ESG rating is not indicative of how or whether ESG factors will be integrated into a fund. The metrics are based on MSCI ESG Fund Ratings 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 Sustainability Characteristics, using links below.

MSCI ESG Fund Rating (AAA-CCC) as of Jan 07, 2021 A
MSCI ESG Quality Score (0-10) as of Jan 07, 2021 6.4
MSCI ESG Quality Score - Peer Percentile as of Jan 07, 2021 75.54%
MSCI ESG % Coverage as of Jan 07, 2021 69.65%
Fund Lipper Global Classification as of Jan 07, 2021 Bond USD Medium Term
MSCI Weighted Average Carbon Intensity (Tons CO2E/$M SALES) as of Jan 07, 2021 237.71
Funds in Peer Group as of Jan 07, 2021 184
All data is from MSCI ESG Fund Ratings as of Jan 07, 2021, based on holdings as of Sep 30, 2020. 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 covered 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 Dec 31, 2020 0.41%
MSCI - UN Global Compact Violators as of Dec 31, 2020 0.73%
MSCI - Nuclear Weapons as of Dec 31, 2020 0.29%
MSCI - Thermal Coal as of Dec 31, 2020 0.00%
MSCI - Civilian Firearms as of Dec 31, 2020 0.08%
MSCI - Oil Sands as of Dec 31, 2020 0.12%
MSCI - Tobacco as of Dec 31, 2020 0.34%

Business Involvement Coverage as of Dec 31, 2020 29.93%
Percentage of Fund not covered as of Dec 31, 2020 70.07%
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 0.15% and for Oil Sands 0.69%.

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

as of current prospectus
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

Holdings

Holdings

as of Dec 31, 2020
Name Weight (%)
UNITED STATES TREASURY 37.77
FEDERAL NATIONAL MORTGAGE ASSOCIATION 9.21
UNIFORM MBS 7.06
GOVERNMENT NATIONAL MORTGAGE ASSOCIATION II 6.41
FEDERAL HOME LOAN MORTGAGE CORPORATION 3.87
Name Weight (%)
FEDERAL HOME LOAN MORTGAGE CORPORATION -GOLD 1.00
BANK OF AMERICA CORP 0.64
JPMORGAN CHASE & CO 0.60
WELLS FARGO & COMPANY 0.46
AT&T INC 0.44

Exposure Breakdowns

Exposure Breakdowns

as of Dec 31, 2020

% of Market Value

Type Fund Benchmark Net
as of Dec 31, 2020

% of Market Value

Type Fund Benchmark Net
as of Dec 31, 2020

% of Market Value

Type Fund Benchmark Net
as of Dec 31, 2020

% of Market Value

Type Fund Benchmark Net
Allocations subject to change.
as of Dec 31, 2020

% of Market Value

Type Fund Benchmark Net
as of Dec 31, 2020

% of Market Value

Type Fund Benchmark Net
as of Dec 31, 2020

% 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

Literature

Literature

 

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