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iShares Core U.S. Aggregate Bond ETF

ETF
AGG
Payout Change
Pending
Price as of:
$97.72 -0.7 -0.71%
primary theme
U.S. Intermediate-Term Bond Duration
AGG (ETF)

iShares Core U.S. Aggregate Bond ETF

Payout Change
Pending
Price as of:
$97.72 -0.7 -0.71%
primary theme
U.S. Intermediate-Term Bond Duration
AGG (ETF)

iShares Core U.S. Aggregate Bond ETF

Payout Change
Pending
Price as of:
$97.72 -0.7 -0.71%
primary theme
U.S. Intermediate-Term Bond Duration

Name

As of 11/01/2024

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 U.S. Aggregate Bond ETF

AGG | ETF

$97.72

$105 B

3.75%

$3.69

0.03%

Vitals

YTD Return

1.5%

1 yr return

8.2%

3 Yr Avg Return

-2.4%

5 Yr Avg Return

-0.3%

Net Assets

$105 B

Holdings in Top 10

7.9%

52 WEEK LOW AND HIGH

$98.4
$93.71
$101.98

Expenses

OPERATING FEES

Expense Ratio 0.03%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 163.00%

Redemption Fee N/A

Min Investment

Standard (Taxable)

N/A

IRA

N/A

Fund Classification

Fund Type

Exchange Traded Fund

Name

As of 11/01/2024

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 U.S. Aggregate Bond ETF

AGG | ETF

$97.72

$105 B

3.75%

$3.69

0.03%

AGG - Profile

Distributions

  • YTD Total Return 1.5%
  • 3 Yr Annualized Total Return -2.4%
  • 5 Yr Annualized Total Return -0.3%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 1.74%
DIVIDENDS
  • Dividend Yield 3.7%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    iShares Core U.S. Aggregate Bond ETF
  • Fund Family Name
    BlackRock-advised Funds
  • Inception Date
    Sep 22, 2003
  • Shares Outstanding
    802600000
  • 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 U.S. Aggregate Bond Index (the “Underlying Index”), which measures the performance of the total U.S. investment-grade (as determined by Bloomberg Index Services Limited (the “Index Provider”or “Bloomberg”)) bond market. As of February 29, 2024, there were 13,534 issues in the Underlying Index.
The Underlying Index includes investment-grade U.S. Treasury bonds, government-related bonds, corporate bonds, mortgage-backed pass-through securities (“MBS”), commercial mortgage-backed securities (“CMBS”)
and asset-backed securities (“ABS”) that are publicly offered for sale in the U.S. As of February 29, 2024, a significant portion of the Underlying Index is represented by MBS and U.S. Treasury securities. The components of the Underlying Index are likely to change over time.
The securities in the Underlying Index must have $300 million or more of outstanding face value and must have at least one year remaining to maturity, with the exception of amortizing securities such as ABS and MBS, which have lower thresholds as defined by Bloomberg. In addition, the securities in the Underlying Index must be denominated in U.S. dollars and must be fixed-rate and non-convertible. Certain types of securities, such as state and local government series bonds, structured notes with embedded swaps or other special features, private placements, floating-rate securities and bonds that have been issued in one country's currency but are traded outside of that country in a different monetary and regulatory system (e.g., Eurobonds), are excluded from the Underlying Index. The Underlying Index is market capitalization-weighted, and the securities in the Underlying Index are updated on the last business day of each month.
As of February 29, 2024, approximately 26.01% of the bonds represented in the Underlying Index were U.S. fixed-rate agency MBS. Such securities are issued by entities such as the Government National Mortgage Association (“Ginnie Mae”), the Federal National Mortgage Association (“Fannie Mae”), and the Federal Home Loan Mortgage Corporation (“Freddie Mac”) and are backed by pools of mortgages. Most transactions in fixed-rate MBS occur through standardized contracts for future delivery in which the exact mortgage pools to be delivered are not specified until a few days prior to settlement (to-be-announced (“TBA”) transactions). The Fund may enter into such contracts on a regular basis. The Fund, pending settlement of such contracts, will invest its assets in high-quality, liquid short-term instruments, including shares of money market funds advised by BFA or its affiliates. The Fund will assume its pro rata share of the fees and expenses of any money market fund that it may invest in, in addition to the Fund's own fees and expenses. The Fund may also acquire interests in mortgage pools through means other than such standardized contracts for future delivery.
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 that collectively has an investment profile similar to that of 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 in the Underlying Index.
The Fund will invest at least 80% of its assets in the component securities of the Underlying Index and TBAs that have economic characteristics that are substantially identical to the economic characteristics of 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 TBA position will be
treated as part of that position for purposes of calculating the percentage of investments in the component securities of 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. The Fund seeks to track the investment results of the Underlying Index before fees and expenses of the Fund.
The Fund may lend securities representing up to one-third of the value of the Fund's total assets (including the value of any collateral received).
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.
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AGG - Performance

Return Ranking - Trailing

Period AGG Return Category Return Low Category Return High Rank in Category (%)
YTD 1.5% -5.3% 11.1% 84.03%
1 Yr 8.2% -0.8% 21.8% 93.24%
3 Yr -2.4%* -9.9% 27.7% 54.29%
5 Yr -0.3%* -7.4% 58.5% 65.34%
10 Yr 1.4%* -2.8% 73.8% 56.54%

* Annualized

Return Ranking - Calendar

Period AGG Return Category Return Low Category Return High Rank in Category (%)
2023 2.3% -16.2% 8.1% 36.72%
2022 -15.0% -34.7% 131.9% 18.78%
2021 -3.5% -11.6% 4.4% 52.19%
2020 5.2% -10.1% 946.1% 27.78%
2019 5.5% -1.7% 16.9% 53.90%

Total Return Ranking - Trailing

Period AGG Return Category Return Low Category Return High Rank in Category (%)
YTD 1.5% -5.3% 11.1% 84.03%
1 Yr 8.2% -0.8% 21.8% 93.24%
3 Yr -2.4%* -9.9% 27.7% 54.29%
5 Yr -0.3%* -7.4% 58.5% 65.34%
10 Yr 1.4%* -2.8% 73.8% 56.54%

* Annualized

Total Return Ranking - Calendar

Period AGG Return Category Return Low Category Return High Rank in Category (%)
2023 5.7% -11.3% 11.9% 64.41%
2022 -13.0% -32.2% 131.9% 30.95%
2021 -1.8% -9.4% 9.2% 78.95%
2020 7.5% -1.9% 1009.0% 71.20%
2019 8.5% 1.1% 21668.0% 62.06%

AGG - Holdings

Concentration Analysis

AGG Category Low Category High AGG % Rank
Net Assets 105 B 2.9 M 314 B 0.92%
Number of Holdings 11835 1 17787 0.92%
Net Assets in Top 10 9.27 B 1.62 M 35.1 B 5.12%
Weighting of Top 10 7.93% 4.4% 432.9% 97.02%

Top 10 Holdings

  1. BlackRock Cash Funds: Treasury, SL Agency Shares 3.96%
  2. U.S. Treasury Notes 0.53%
  3. U.S. Treasury Notes 0.52%
  4. U.S. Treasury Notes 0.47%
  5. U.S. Treasury Notes 0.43%
  6. U.S. Treasury Notes 0.43%
  7. U.S. Treasury Notes 0.41%
  8. U.S. Treasury Notes 0.40%
  9. U.S. Treasury Notes 0.39%
  10. U.S. Treasury Notes 0.38%

Asset Allocation

Weighting Return Low Return High AGG % Rank
Bonds 		97.88% 0.00% 993.61% 35.58%
Cash 		4.23% -54.51% 237.69% 36.07%
Convertible Bonds 		0.95% 0.00% 7.93% 69.56%
Other 		0.44% -16.55% 52.94% 74.28%
Stocks 		0.00% 0.00% 99.99% 68.30%
Preferred Stocks 		0.00% 0.00% 71.02% 63.11%

Bond Sector Breakdown

Weighting Return Low Return High AGG % Rank
Government 		41.58% 0.00% 86.23% 15.17%
Securitized 		24.74% 0.00% 98.40% 69.14%
Corporate 		23.86% 0.00% 100.00% 73.27%
Cash & Equivalents 		4.23% -0.46% 237.69% 35.86%
Municipal 		0.62% 0.00% 100.00% 38.60%
Derivative 		0.00% -1.58% 44.82% 65.88%

Bond Geographic Breakdown

Weighting Return Low Return High AGG % Rank
US 		97.88% 0.00% 993.61% 33.09%
Non US 		0.00% 0.00% 30.95% 67.52%

AGG - Expenses

Operational Fees

AGG Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.03% 0.01% 39.64% 98.87%
Management Fee 0.03% 0.00% 1.76% 1.97%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.01% 0.50% N/A

Sales Fees

AGG Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 2.00% 5.75% N/A
Deferred Load N/A 1.00% 4.00% N/A

Trading Fees

AGG Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 2.00% 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.

AGG Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 163.00% 2.00% 493.39% 56.46%

AGG - Distributions

Dividend Yield Analysis

AGG Category Low Category High AGG % Rank
Dividend Yield 3.75% 0.00% 10.11% 70.86%

Dividend Distribution Analysis

AGG Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Quarterly Monthly Monthly

Net Income Ratio Analysis

AGG Category Low Category High AGG % Rank
Net Income Ratio 1.74% -1.28% 4.79% 47.84%

Capital Gain Distribution Analysis

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

Distributions History

View More +

AGG - Fund Manager Analysis

Managers

James Mauro

Start Date

Tenure

Tenure Rank

Jul 01, 2011

10.92

10.9%

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.

Karen Uyehara

Start Date

Tenure

Tenure Rank

Jun 29, 2021

0.92

0.9%

Ms. Uyehara is a Director of BlackRock, which she joined in 2010. Ms. Uyehara is a portfolio manager and member of BlackRock’s Model-Based Fixed Income Portfolio Management Group. Prior to joining BlackRock, Ms. Uyehara was a portfolio manager at Western Asset Management Company from2002 to 2010.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.08 33.43 6.79 1.16

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