The iShares Agribusiness UCITS ETF (ISAG) is an Ireland-domiciled thematic equity ETF managed by BlackRock through its iShares platform. ISAG is the ticker for the fund's USD trading line on the London Stock Exchange.

The fund seeks to track the S&P Commodity Producers Agribusiness Index, a benchmark comprising publicly traded companies involved in different areas of the global agribusiness value chain.

ISAG follows a passive investment strategy and uses physical replication. Its portfolio invests directly in stocks with the objective of closely tracking the composition and performance of its benchmark.

The S&P Commodity Producers Agribusiness Index selects global companies with significant exposure to agriculture-related activities. Its methodology considers the importance of agribusiness activities to each company's operations as well as investability and liquidity requirements.

Composition / Exposure Profile

ISAG holds companies involved in different parts of the global agribusiness value chain, including:

• Crop and livestock production.

• Fertilizers and other agricultural inputs.

• Agricultural machinery and equipment.

• Food processing and packaging.

• Crop protection and pest-control products.

• Food and agricultural product distribution.

The fund provides international exposure, holding companies across different countries and regions. Its portfolio is therefore not exclusively dependent on conditions in a single agricultural market.

The benchmark assigns different exposure levels to companies based on the importance of agribusiness-related activities to their operations. These criteria also influence constituent weights alongside factors related to market capitalization and liquidity.

Structure and Costs

The fund and share class have the U.S. dollar as their base currency. On the London Stock Exchange, the accumulating share class trades in USD under ISAG and in GBP under SPAG. The trading currency does not change the portfolio's underlying economic exposure or provide currency hedging.

The ETF has a total expense ratio (TER) of 0.55% per year, uses physical replication, and is domiciled in Ireland. It operates as part of iShares V plc under the UCITS framework.

ISAG follows an accumulating income policy. Dividends received from portfolio companies are therefore reinvested within the fund rather than periodically distributed to shareholders.

History and Evolution of the ETF

The iShares Agribusiness UCITS ETF USD (Acc) was launched in 2011 to provide exposure to companies across the global agribusiness value chain.

Since its launch, the fund has maintained a passive strategy linked to the S&P Commodity Producers Agribusiness Index, tracking companies involved in different areas of food production and the broader agricultural supply chain.

Throughout its history, the fund's performance has reflected factors including global food demand, agricultural commodity prices, production costs, weather conditions, changes in supply chains, and technological developments across the agricultural industry.

Additional Information

iShares Agribusiness UCITS ETF USD Acc (Ireland) is an exchange-traded fund (ETF), with assets under management totaling $478.56 million.

Over the past 12 months, iShares Agribusiness UCITS ETF USD Acc recorded a return of 9.73%, with its price trading between $48.43 and $60.77 during the same period.

The ETF is traded under the ticker ISAG.