The iShares Core Global Aggregate Bond UCITS ETF USD (Dist) (AGGG) is an Ireland-domiciled fixed-income ETF managed by BlackRock and traded on the London Stock Exchange.

The fund seeks to track the performance of the Bloomberg Global Aggregate Bond Index, a benchmark providing broad exposure to global investment-grade bonds, including government, government-related, corporate, and securitized debt.

AGGG invests in fixed-income securities issued across different countries and currencies, providing diversified exposure to global debt markets. 

The Bloomberg Global Aggregate Bond Index represents a broad universe of global investment-grade debt. By covering multiple regions, currencies, issuers, and fixed-income segments, the benchmark combines exposure to different interest-rate and credit environments within a single portfolio.

Composition / Exposure Profile

AGGG holds securities across different segments of the global fixed-income market, including:

• Sovereign bonds.

• Agency and other government-related bonds.

• Investment-grade corporate bonds.

• Securitized debt.

• Supranational bonds.

• Local authority and other public-sector debt.

Treasury securities represent a significant portion of the portfolio, alongside bonds issued by agencies, corporations, financial institutions, and other issuers.

Geographically, the portfolio spans developed and emerging markets, including the United States, Japan, China, and countries across Europe, North America, and other regions.

Because the portfolio contains bonds denominated in multiple currencies and the AGGG share class does not eliminate this currency exposure, exchange-rate movements can also affect its U.S. dollar returns.

Structure and Costs

AGGG has the U.S. dollar as both its fund base currency and share class currency. The ETF is domiciled in Ireland and is part of iShares III plc.

The ETF has a total expense ratio (TER) of 0.10% per year and uses a physical structure with a sampling methodology to track the Bloomberg Global Aggregate Bond Index. It is managed by BlackRock Asset Management Ireland Limited.

AGGG follows a semiannual distribution policy, meaning income generated by portfolio securities can be paid to shareholders periodically rather than fully reinvested within the fund.

History and Evolution of the ETF

The iShares Core Global Aggregate Bond UCITS ETF USD (Dist) (AGGG) was launched in 2017 to provide diversified exposure to the global investment-grade bond market through a single portfolio.

Since its launch, the fund has maintained a passive strategy linked to the Bloomberg Global Aggregate Bond Index, covering different segments, countries, issuers, and currencies across international fixed-income markets.

Throughout its history, the fund's performance has reflected factors such as changes in global interest rates, inflation expectations, monetary policy decisions by major central banks, credit conditions, and currency movements.

Additional Information

iShares Core Global Aggregate Bond UCITS ETF USD (Dist) (Ireland) is an exchange-traded fund (ETF), with assets under management totaling $1.50 billion.

Over the past 12 months, iShares Core Global Aggregate Bond UCITS ETF USD (Dist) recorded a return of -5.63%, with its price trading between $4.19 and $4.49 during the same period.

The ETF is traded under the ticker AGGG.