AGG
iShares Core U.S. Aggregate Bond ETF
iShares Core Total U.S. Bond Market ETF is an exchange-traded fund incorporated in the USA. The ETF seeks to track the investment results of an index composed of the total U.S. investment-grade bond market.
Aggregate
FIXED INCOME
Passive
MANAGEMENT STYLE
110.2 B
ASSETS UNDER MGMT
3 bp
EXPENSES
Fund Basics
| Fund sponsor | BlackRock Fund Advisors |
| Category | Aggregate |
| Asset class | Fixed Income |
| Website | link... |
| Inception date | Sep 22, 2003 |
| Assets (mns) | $110,177 |
| Expense ratio | 3 bp |
Constituent Breakdown
| No. of constituents | 6,712 |
| No. of distinct issuers | 1,611 |
| Coverage | 95% |
| Fixed/floating rate | 94% / 6% |
| Investment grade | 99% |
| Inflation protected | 0% |
| Non-standard maturity (callable, etc.) | 48% |
Fund Structure
| Regulation | Open-End Investment Company |
| Distributions | Monthly |
| Taxation | 1099 |
| Bond selection | |
| Weighting | Market Cap |
| Smart-beta | No |
| Derivatives-based | No |
| Options available | Yes |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
| U.S. TREASURY NOTES 0.375% 31-JAN-2026 | 0.8 % |
| U.S. TREASURY NOTES 2.875% 15-MAY-2032 | 0.5 % |
| U.S. TREASURY NOTES 0.75% 31-JAN-2028 | 0.5 % |
| U.S. TREASURY NOTES 0.375% 30-NOV-2025 | 0.4 % |
| U.S. TREASURY NOTES 2.75% 15-AUG-2032 | 0.4 % |
| U.S. TREASURY NOTES 4.125% 15-NOV-2032 | 0.4 % |
| U.S. TREASURY BOND 1.875% 15-FEB-2051 | 0.4 % |
| FNMA 30YR POOL#MA4437 2.000% 01-OCT-2051 | 0.4 % |
| U.S. TREASURY NOTES 1.875% 15-FEB-2032 | 0.4 % |
| U.S. TREASURY NOTES 3.5% 15-FEB-2033 | 0.4 % |
Issuer Type Breakdown
Top Issuers
| U.S. TREASURY | 37.1 % |
| FANNIE MAE | 11.7 % |
| FREDDIE MAC | 7.7 % |
| GINNIE MAE | 6.8 % |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION | 0.4 % |
Historical Performance
Standardized Performance (as of 06/30/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | -0.7% | 3.2% | 1.1% | -2.9% | -0.2% | 1.4% | 3.0% | Volatility | 5.9% | 6.7% | 7.5% | 6.9% | 6.7% | 5.2% | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.29 | 50% |
| MSCI EAFE | 0.32 | 57% |
| MSCI Emg Mkts | 0.29 | 48% |
Liquidity Measures
| Avg. volume (000) | 7,066 |
| Turnover | 0.0% |
| Avg. Bid/Ask (% of price) | 0.01% |
| ADV of underlying (mns) | $0 |
Technical Indicators
| Recent close | $97.97 |
| 30d moving avg. | $97.59 |
| Annualized volatility | 7.5% |
| Relative strength (RSI) | 57 |
| Short interest (ETF) | 0.9% |
| Short interest (underlying) | 0.0% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
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Credit Quality
Duration
Macaulay Duration
Modified Duration
SHORT
MED.
LONG TERM
7.0 yrs
Modified Duration
◁ INSENSITIVE
EXTREMELY SENSITIVE ▷
6.9%
ⓘ Our analysis shows this fund is likely to be moderately sensitive to changes in interest rates
Interest Rate Sensitivity Analysis
| Change in YTM |
New YTM |
Est. Price Change |
New Price |
|---|---|---|---|
| +300 bp | --% | --% | $-- |
| +200 bp | --% | --% | $-- |
| +150 bp | --% | --% | $-- |
| +100 bp | --% | --% | $-- |
| +75 bp | --% | --% | $-- |
| +50 bp | --% | --% | $-- |
| +25 bp | --% | --% | $-- |
| 0 bp | --% | --% | $-- |
| -25 bp | --% | --% | $-- |
| -50 bp | --% | --% | $-- |
| -75 bp | --% | --% | $-- |
| -100 bp | --% | --% | $-- |
| -150 bp | --% | --% | $-- |
| -200 bp | --% | --% | $-- |
| - 300bp | --% | --% | $-- |
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Yields
Disposition of YTM
Distribution Yield (Trailing 12 Months)
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ETF Research Center Fund Rating
The ALTAR Score™ is our measure of an ETF's overall investment merit. For fixed income funds, the Score is an estimate of risk-adjusted yield to maturity (calculation shown below). In effecient markets, the plot of ALTAR Scores™ vs. Duration should resemble the familiar yield curve. Funds that sit above the curve may offer better risk-adjusted returns than those that sit below the curve.
ALTAR Score™
AGG
4.2%
Cat. Avg
3.2%
Fund Category: Aggregate
| Adj. Yield to Maturity | -- bp |
| Less: Annual "default factor" | -- bp |
| Less: Expenses | 3 bp |
| Equals: ALTAR Score™ | 4.2% |
ALTAR Score™ vs. Duration (Aggregate Bond ETFs)
Expense Analysis
| Peer Group | Passive Aggregate Fixed Income ETFs |
| # of ETFs | 16 |
| Avg. Expense Ratio | 6.8 bp |
| Std. Deviation | 5.7 bp |
| AGG (3 bp) Percentile rank | 25 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| AGG | 3.0 | 1.1 | 4.1 |
| Peer Avg. | 36.9 | 13.5 | 50.4 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .