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Name

As of 11/21/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

iShares Core International Aggregate Bond ETF

IAGG | ETF

$51.71

$5.83 B

3.42%

$1.77

0.07%

Vitals

YTD Return

3.7%

1 yr return

7.2%

3 Yr Avg Return

0.0%

5 Yr Avg Return

0.6%

Net Assets

$5.83 B

Holdings in Top 10

4.1%

52 WEEK LOW AND HIGH

$51.7
$49.17
$52.02

Expenses

OPERATING FEES

Expense Ratio 0.07%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 16.00%

Redemption Fee N/A

Min Investment

Standard (Taxable)

N/A

IRA

N/A

Fund Classification

Fund Type

Exchange Traded Fund

Name

As of 11/21/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

iShares Core International Aggregate Bond ETF

IAGG | ETF

$51.71

$5.83 B

3.42%

$1.77

0.07%

IAGG - Profile

Distributions

  • YTD Total Return 3.7%
  • 3 Yr Annualized Total Return 0.0%
  • 5 Yr Annualized Total Return 0.6%
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio 1.00%
DIVIDENDS
  • Dividend Yield 3.4%
  • Dividend Distribution Frequency Annual

Fund Details

  • Legal Name
    iShares Core International Aggregate Bond ETF
  • Fund Family Name
    BlackRock-advised Funds
  • Inception Date
    Nov 10, 2015
  • Shares Outstanding
    72300000
  • Share Class
    N/A
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    James Mauro

Fund Description

The Fund seeks to track the investment results of the Bloomberg Global Aggregate ex USD 10% Issuer Capped (Hedged) Index (the “Underlying Index”), which measures the performance of the global investment-grade (as determined by Bloomberg Index Services Limited (the “Index Provider” or “Bloomberg”)) bond market. As of October 31, 2023, there were 12,903 issues in the Underlying Index. The Underlying Index includes investment-grade fixed-rate sovereign and government-related debt, corporate and securitized bonds from both developed and emerging market issuers. Securities included in the Underlying Index are issued in currencies other than the U.S. dollar, must have maturities of at least one year and are required to meet minimum outstanding issue size criteria. The Underlying Index is market capitalization-weighted with a cap on each issuer of 10%. Debt that is publicly issued in the global and regional markets is included in the Underlying Index. Certain types of securities, such as USD-denominated bonds, contingent
capital securities, inflation-linked bonds, floating-rate issues, fixed-rate perpetuals, retail bonds, structured notes, pass-through certificates, private placements (other than those offered pursuant to Rule 144A or Regulation S promulgated under the Securities Act of 1933, as amended (the “1933 Act”)) and securities where reliable pricing is unavailable are excluded from the Underlying Index. The securities in the Underlying Index are updated on the last business day of each month, and the currency risk of the securities in the Underlying Index are hedged to the U.S. dollar on a monthly basis. As of October 31, 2023, a significant portion of the Underlying Index is represented by non-U.S. government-related bonds. The components of the Underlying Index are likely to change over time.
The Underlying Index was comprised of securities issued by governments in 61 countries or regions as well as securities issued or guaranteed by supranational entities as of October 31, 2023.
The CFTC has adopted certain requirements that subject registered investment companies and their advisers to regulation by the CFTC if a registered investment company invests more than a prescribed level of its net asset value in CFTC-regulated futures, options and swaps, or if a registered investment company markets itself as providing investment exposure to such instruments. Due to the Fund’s potential use of CFTC-regulated futures, options and swaps above the prescribed levels, it is considered a “commodity pool” and BFA is considered a “commodity pool operator” with respect to the Fund under the Commodity Exchange Act “CEA”).
BFA uses an indexing approach to try to achieve the Fund’s investment objective. Unlike many investment companies, the Fund does not try to “beat” the index it tracks and does not seek temporary defensive positions when markets decline or appear overvalued.
Indexing may eliminate the chance that the Fund will substantially outperform the Underlying Index but also may reduce some of the risks of active management, such as poor security selection. Indexing seeks to achieve lower costs and better after-tax performance by aiming to keep portfolio turnover low in comparison to actively managed investment companies.
BFA uses a representative sampling indexing strategy to manage the Fund. “Representative sampling” is an indexing strategy that involves investing in a representative sample of securities or other instruments comprising an applicable underlying index. The securities selected are expected to have, in the aggregate, investment characteristics (based on factors such as market value and industry weightings), fundamental characteristics (such as return variability, duration (i.e., a security's price sensitivity to a change in interest rates), maturity or credit ratings and yield) and liquidity measures similar to those of an applicable underlying index. The Fund may or may not hold all of the securities and other components of the Underlying Index.
The Fund will invest at least 80% of its assets in the component securities of the Underlying Index, and the Fund will invest at least 90% of its assets in fixed income securities of the types included in the Underlying Index that BFA
believes will help the Fund track the Underlying Index. The Fund will invest no more than 10% of its assets in futures, options and swaps contracts that BFA believes will help the Fund track the Underlying Index as well as in fixed income securities other than the types included in the Underlying Index, but which BFA believes will help the Fund track the Underlying Index. Cash and cash equivalent investments associated with a derivative position will be treated as part of that position for the purposes of calculating the percentage of investments included in the Underlying Index. Components of the Underlying Index include fixed-income securities and foreign currency forward contracts (both deliverable and non-deliverable) designed to hedge non-U.S. currency fluctuations against the U.S. dollar. The notional exposure to foreign currency forward contracts (both deliverable and non-deliverable) generally will be a short position that hedges the currency risk of the fixed-income portfolio. The Fund seeks to track the investment results of the Underlying Index before fees and expenses of the Fund.
The Underlying Index sells forward the total value of the underlying non-U.S. dollar currencies at a one-month forward rate to hedge against fluctuations in the relative value of the non-U.S. dollar component currencies in relation to the U.S. dollar. The hedge is reset on a monthly basis. The Underlying Index is designed to have higher returns than an equivalent unhedged investment when the non-U.S. dollar component currencies are weakening relative to the U.S. dollar and appreciation in some of the non-U.S. dollar component currencies does not exceed the aggregate depreciation
of the others. Conversely, the Underlying Index is designed to have lower returns than an equivalent unhedged investment when the non-U.S. dollar component currencies, on a net basis, are rising relative to the U.S. dollar.
In order to track the “hedging”component of the Underlying Index, the Fund enters into foreign currency forward contracts designed to offset the Fund’s exposure to the non-U.S. dollar component currencies. A foreign currency forward contract is a contract between two parties to buy or sell a specified amount of a specific currency in the future at an agreed-upon exchange rate. The Fund's exposure to foreign currency forward contracts is based on the aggregate exposure of the Fund to the non-U.S. dollar component currencies. While this approach is designed to minimize the impact of currency fluctuations on Fund returns, it does not necessarily eliminate the Fund’s exposure to the non-U.S. dollar component currencies. The return of the foreign currency forward contracts may not perfectly offset the actual fluctuations in value between the non-U.S. dollar component currencies and the U.S. dollar.
The Fund may also use non-deliverable forward (“NDF”) contracts to execute its hedging transactions. An NDF contract is a contract where there is no physical settlement of two currencies at maturity. Rather, based on the movement of the currencies and the contractually agreed upon exchange rate, a net cash settlement will be made by one party to the other in U.S. dollars.
The Underlying Index is sponsored by Bloomberg, which is independent of the Fund and BFA. The Index Provider
determines the composition and relative weightings of the securities in the Underlying Index and publishes information regarding the market value of the Underlying Index.
Industry Concentration Policy. The Fund will concentrate its investments i.e., hold 25% or more of its total assets) in a particular industry or group of industries to approximately the same extent that the Underlying Index is concentrated. For purposes of this limitation, securities of the U.S. government (including its agencies and instrumentalities), repurchase agreements collateralized by U.S. government securities, and securities of state or municipal governments and their political subdivisions are not considered to be issued by members of any industry.
Read More

IAGG - Performance

Return Ranking - Trailing

Period IAGG Return Category Return Low Category Return High Rank in Category (%)
YTD 3.7% -15.2% -2.4% 1.54%
1 Yr 7.2% -10.4% -2.5% 29.77%
3 Yr 0.0%* -1.2% 4.2% 64.41%
5 Yr 0.6%* -0.1% 3.7% 41.24%
10 Yr N/A* 0.0% 4.6% N/A

* Annualized

Return Ranking - Calendar

Period IAGG Return Category Return Low Category Return High Rank in Category (%)
2023 4.7% -9.4% -0.6% 13.71%
2022 -12.8% -1.3% 7.0% 79.65%
2021 -3.0% 0.5% 200.9% 61.47%
2020 2.6% -15.5% 3.1% 2.00%
2019 4.9% -0.6% 30.6% 91.03%

Total Return Ranking - Trailing

Period IAGG Return Category Return Low Category Return High Rank in Category (%)
YTD 3.7% -15.2% -2.4% 21.54%
1 Yr 7.2% -12.6% -2.5% 25.19%
3 Yr 0.0%* -1.6% 4.2% 57.63%
5 Yr 0.6%* -0.1% 3.7% 38.14%
10 Yr N/A* 0.0% 4.6% N/A

* Annualized

Total Return Ranking - Calendar

Period IAGG Return Category Return Low Category Return High Rank in Category (%)
2023 8.5% -9.4% -0.6% 13.71%
2022 -10.9% -1.3% 7.0% 79.65%
2021 -1.9% 0.5% 200.9% 61.47%
2020 4.6% -15.5% 3.3% 13.00%
2019 8.0% 0.1% 30.6% 93.59%

IAGG - Holdings

Concentration Analysis

IAGG Category Low Category High IAGG % Rank
Net Assets 5.83 B 21.8 M 93.5 B 22.14%
Number of Holdings 5739 5 7040 6.82%
Net Assets in Top 10 264 M -839 M 6.06 B 25.00%
Weighting of Top 10 4.06% 6.1% 100.0% 93.94%

Top 10 Holdings

  1. China Government Bond 0.61%
  2. China Government Bond 0.46%
  3. China Government Bond 0.45%
  4. China Government Bond 0.43%
  5. China Development Bank 0.43%
  6. China Development Bank 0.38%
  7. China Government Bond 0.34%
  8. French Republic Government Bond OAT 0.34%
  9. China Government Bond 0.31%
  10. BlackRock Cash Funds: Treasury, SL Agency Shares 0.31%

Asset Allocation

Weighting Return Low Return High IAGG % Rank
Bonds 		99.58% 36.86% 100.73% 0.76%
Cash 		1.64% -2.75% 67.17% 98.48%
Convertible Bonds 		0.85% 0.00% 14.16% 84.85%
Stocks 		0.00% 0.00% 0.70% 36.36%
Preferred Stocks 		0.00% 0.00% 0.73% 31.06%
Other 		-1.23% -8.93% 0.72% 17.42%

IAGG - Expenses

Operational Fees

IAGG Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.07% 0.02% 1.81% 94.53%
Management Fee 0.07% 0.00% 0.83% 6.82%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.01% 0.45% N/A

Sales Fees

IAGG Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 2.25% 4.75% N/A
Deferred Load N/A 1.00% 4.00% N/A

Trading Fees

IAGG Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A N/A N/A N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

IAGG Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 16.00% 2.00% 402.00% 3.60%

IAGG - Distributions

Dividend Yield Analysis

IAGG Category Low Category High IAGG % Rank
Dividend Yield 3.42% 0.00% 2.20% 43.94%

Dividend Distribution Analysis

IAGG Category Low Category High Category Mod
Dividend Distribution Frequency Annual Annually Monthly Monthly

Net Income Ratio Analysis

IAGG Category Low Category High IAGG % Rank
Net Income Ratio 1.00% -0.30% 3.10% 66.41%

Capital Gain Distribution Analysis

IAGG Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually

Distributions History

View More +

IAGG - Fund Manager Analysis

Managers

James Mauro

Start Date

Tenure

Tenure Rank

Mar 01, 2021

1.25

1.3%

Head of San Francisco Fixed Income Core PM at BlackRock, Inc. since 2020; Managing Director of BlackRock, Inc. since 2015; Director of BlackRock, Inc. from 2010 to 2014; Vice President of State Street Global Advisors from 2001 to 2010. James Mauro has been employed by BlackRock Fund Advisors and BlackRock Institutional Trust Company, N.A. (“BTC”) as a portfolio manager since 2011. Prior to joining BTC, Mr. Mauro was a Vice President at State Street Global Advisors. His primary responsibilities include management of all government, inflation linked and derivative strategies. Other responsibilities include hedging and managing risk across all asset classes through futures and option overlays. James joined State Street Corporation in 1993. Previously, he worked as a portfolio manager on the passive team where he co-managed several Bond Index portfolios.

John Hutson

Start Date

Tenure

Tenure Rank

Feb 07, 2022

0.31

0.3%

John Hutson has been employed by BlackRock as a Managing Director since 2011. Mr. Hutson was employed by State Street Global Advisors as a portfolio manager from 2001 to 2011. Mr. Hutson has been a Portfolio Manager of the Fund since 2022.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.12 31.42 5.43 0.92

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