AOM

The iShares Core Moderate Allocation ETF (AOM) is an exchange-traded fund designed to provide balanced exposure across equities and fixed income assets within a single diversified structure. The ETF is managed by BlackRock and trades under the ticker AOM on NYSE Arca.

Classified as a moderate asset allocation ETF, AOM aims to reflect, before fees and expenses, the combined price and income return of the stocks included in its benchmark index.

To accomplish this objective, the fund employs a passive management strategy with automatic rebalancing, maintaining a target allocation between asset classes that seeks to balance capital growth with income preservation over time.

The methodology for AOM’s composition is based on replicating two broad benchmark indices: one representing global equities and another representing diversified fixed income securities. The equity portion includes companies of various sizes across key sectors, while the fixed income portion comprises a wide range of U.S. government, corporate, and mortgage-backed securities.

Diversification and sector exposure

AOM provides exposure to a balanced portfolio of equities and fixed income, including:

• Large, mid and small-cap equities.

• U.S. Treasury securities.

• Investment-grade corporate bonds.

• Mortgage-backed securities.

• Sector-diversified equity exposure including technology, healthcare, consumer, and financials.

This diversified mix results in a risk and return profile consistent with a moderate allocation strategy between equities and fixed income.

Structure and costs

Shares of AOM are traded on the secondary market, while creation and redemption of shares are carried out by authorized participants, a mechanism that helps keep the ETF’s market price close to its net asset value (NAV).

The fund carries a low and competitive expense ratio, typical of iShares Core series ETFs, and does not charge a performance fee. AOM may make periodic income distributions, derived from interest and dividends earned across the asset classes included in its portfolio. The ETF has a single share class and trades exclusively under the ticker AOM.

History and evolution of the ETF

The iShares Core Moderate Allocation ETF was launched in 2018, amid the growing expansion of multi-asset ETFs and increasing demand for products that simplify strategic portfolio allocation with moderate risk.

Over time, AOM has become part of moderate allocation strategies, combining equities and fixed income within a single investment vehicle.

Between 2020 and 2024, the ETF reflected market cycles marked by equity volatility, shifts in monetary policy, and movements in fixed income markets, while maintaining broad liquidity and remaining a liquid instrument within moderate allocation portfolio structures.