Fixed Income


iShares € Aggregate Bond UCITS ETF


Important Information: Capital at Risk. All financial investments involve an element of risk. Therefore, the value of your investment and the income from it will vary and your initial investment amount cannot be guaranteed.

Important Information: Important Information: The value of your investment and the income from it will vary and your initial investment amount cannot be guaranteed. ETFs trade on exchanges like stocks and are bought and sold at market prices which may be different to the net asset values of the ETFs. Two main risks related to fixed income investing are interest rate risk and credit risk. Typically, when interest rates rise, there is a corresponding decline in the market value of bonds. Credit risk refers to the possibility that the issuer of the bond will not be able to repay the principal and make interest payments. The fund invests in fixed interest securities issued by companies. There is a risk of default where the issuing company may not pay income or repay capital to the Fund when due. The currency hedging is designed to reduce, but cannot eliminate the impact of currency movements between the Base Currency and the currencies in which some or all of the underlying investments are transacted. Depending on the exchange rates, this may have a positive or negative impact on the performance of the Fund.

All currency hedged share classes of this fund use derivatives to hedge currency risk. The use of derivatives for a share class could pose a potential risk of contagion (also known as spill-over) to other share classes in the fund. The fund’s management company will ensure appropriate procedures are in place to minimise contagion risk to other share class. Using the drop down box directly below the name of the fund, you can view a list of all share classes in the fund – currency hedged share classes are indicated by the word “Hedged” in the name of the share class. In addition, a full list of all currency hedged share classes is available on request from the fund’s management company




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Record Date Ex-Date Total Distribution
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Total Return (%)

as of 30/Sep/2020

6.33 -2.49 -0.11 9.16 0.27
Benchmark (%)

as of 30/Sep/2020

6.45 -2.29 0.10 9.36 0.45
  1y 3y 5y 10y Incept.
2.04 2.97 2.51 3.74 4.16
Benchmark (%)

as of 31/Oct/2020

2.23 3.16 2.69 3.95 4.35
  YTD 1m 3m 6m 1y 3y 5y 10y Incept.
3.41 0.82 1.25 3.46 2.04 9.17 13.18 44.31 60.71
Benchmark (%)

as of 31/Oct/2020

3.62 0.84 1.32 3.58 2.23 9.80 14.21 47.33 64.16
  2015 2016 2017 2018 2019
Total Return (%) 0.79 3.17 0.48 0.21 5.83
Benchmark (%) 1.00 3.32 0.68 0.41 5.98

The figures shown relate to past performance. Past performance is not a reliable indicator of current or future results and should not be the sole factor of consideration when selecting a product or strategy.

Share Class and Benchmark performance displayed in EUR, hedged Share Class Benchmark performance is displayed in EUR.

Performance is shown on a Net Asset Value (NAV) basis, with gross income reinvested where applicable. Performance data is based on the net asset value (NAV) of the ETF which may not be the same as the market price of the ETF. Individual shareholders may realize returns that are different to the NAV performance.

The return of your investment may increase or decrease as a result of currency fluctuations if your investment is made in a currency other than that used in the past performance calculation. Source: Blackrock

Key Facts

Key Facts

Net Assets as of 23/Nov/2020 EUR 2,320,785,064
Fund Base Currency EUR
Share Class launch date 06/Mar/2009
Asset Class Fixed Income
Total Expense Ratio 0.25%
Product Structure Physical
Methodology Sampled
Domicile Ireland
UCITS Compliant Yes
Benchmark Index Bloomberg Barclays Euro Aggregate Bond Index
Distribution Frequency Semi-Annual
Securities Lending Return as of 30/Sep/2020 0.02 %
Rebalance Frequency Monthly
Valor 10012758
Bloomberg Ticker IEAG SW
Issuing Company iShares III plc
Fund Manager BlackRock Asset Management Ireland Limited
Administrator State Street Fund Services (Ireland) Limited
Custodian State Street Custodial Services (Ireland) Limited
Use of Income Distributing

Portfolio Characteristics

Portfolio Characteristics

Shares Outstanding as of 23/Nov/2020 17,822,324
Number of Holdings as of 23/Nov/2020 4,031
Benchmark Level as of 23/Nov/2020 EUR 274.91
Benchmark Ticker LBEATREU
Distribution Yield as of 23/Nov/2020 0.62%
Weighted Avg Coupon as of 23/Nov/2020 1.76%
Fiscal Year End 30 June
Effective Duration as of 23/Nov/2020 7.65
Weighted Avg Maturity as of 23/Nov/2020 8.76 yrs
Standard Deviation (3y) as of 31/Oct/2020 3.57%
Weighted Av YTM as of 23/Nov/2020 -0.14%

Sustainability Characteristics

Sustainability Characteristics

Sustainability Characteristics can help investors integrate non-financial, material sustainability considerations into their investment process. These metrics enable investors to evaluate funds based on their environmental, social, and governance (ESG) risks and opportunities. This analysis can provide insight into the effective management and long-term financial prospects of a fund. Learn more.

The metrics below have been provided for transparency and informational purposes only. The existence of an ESG rating is not indicative of how or whether ESG factors will be integrated into a fund. The metrics are based on MSCI Fund Ratings and, unless otherwise stated in Fund documentation and included within a Fund’s investment objective, ESG integration does not change a Fund’s investment objective or constrain the Investment Manager’s investable universe, and there is no indication that an ESG or Impact focused investment strategy or exclusionary screens will be adopted by a Fund. For more information regarding a fund's investment strategy, please see the fund's prospectus.

Review the MSCI methodology behind the Sustainability Characteristics, using links below.

MSCI ESG Fund Rating (AAA-CCC) as of 01/Nov/2020 A
MSCI ESG Quality Score (0-10) as of 01/Nov/2020 6.36
MSCI ESG Quality Score - Peer Percentile as of 01/Nov/2020 51.62
MSCI ESG % Coverage as of 01/Nov/2020 97.70
Fund Lipper Global Classification as of 01/Nov/2020 Bond EUR
MSCI Weighted Average Carbon Intensity (Tons CO2E/$M SALES) as of 01/Nov/2020 100.94
Funds in Peer Group as of 01/Nov/2020 308
All data is from MSCI ESG Fund Ratings as of 01/Nov/2020, based on holdings as of 31/Aug/2020. As such, the funds sustainable characteristics may differ from MSCI ESG ratings from time to time.

To be included in MSCI ESG Fund Ratings, 65% of the fund’s underlying holdings (excluding cash positions) must be covered by MSCI ESG Research, the fund’s holdings date must be less than one year old, and the fund must have at least ten securities. For newly launched funds, sustainability characteristics are typically available 6 months after launch.

Business Involvement

Business Involvement

Business Involvement metrics can help investors gain a more comprehensive view of specific activities in which a fund may be exposed through its investments.

Transparency on Business Involvement metrics is not indicative of a fund’s investment objective, and, unless otherwise stated in Fund documentation and included within a Fund’s investment objective, ESG integration does not change a Fund’s investment objective or constrain the Investment Manager’s investable universe, and there is no indication that an ESG or Impact focused investment strategy or exclusionary screens will be adopted by a Fund. For more information regarding a fund's investment strategy, please see the fund's prospectus.

Review the MSCI methodology behind the Business Involvement metrics using links below.

MSCI - Controversial Weapons as of 23/Nov/2020 0.00%
MSCI - UN Global Compact Violators as of 23/Nov/2020 0.73%
MSCI - Nuclear Weapons as of 23/Nov/2020 0.08%
MSCI - Thermal Coal as of 23/Nov/2020 0.02%
MSCI - Civilian Firearms as of 23/Nov/2020 0.00%
MSCI - Oil Sands as of 23/Nov/2020 0.00%
MSCI - Tobacco as of 23/Nov/2020 0.21%

Business Involvement Coverage as of 23/Nov/2020 33.46%
Percentage of Fund not covered as of 23/Nov/2020 66.54%
Business Involvement exposures shown above for Thermal Coal and Oil Sands are calculated and reported for issuers within the fund that generate more than 5% of revenue from thermal coal mining or oil sands extraction, as defined by MSCI ESG Research. For the exposure to issuers within the fund that generate any revenue from thermal coal mining or oil sands extraction (at a 0% revenue threshold), as defined by MSCI ESG Research, it is as follows: Thermal Coal 0.13% and for Oil Sands 0.43%.

Business Involvement metrics are calculated using MSCI ESG Research which provides a profile of each company’s specific business involvement. BlackRock leverages this research to provide a summed up view across holdings and translates it to a Fund's market value exposure to the listed Business Involvement areas above.

Business Involvement metrics are designed only to identify companies where MSCI has conducted research and identified as having involvement in the covered activity. As a result, it is possible there is additional involvement in these covered activities where MSCI does not have coverage. This information should not be used to produce comprehensive lists of companies without involvement.

Registered Locations

Registered Locations

  • Austria

  • Belgium

  • Chile

  • Czech Republic

  • Denmark

  • Finland

  • France

  • Germany

  • Ireland

  • Italy

  • Liechtenstein

  • Luxembourg

  • Netherlands

  • Norway

  • Portugal

  • Singapore

  • Spain

  • Sweden

  • Switzerland

  • United Kingdom



as of 23/Nov/2020
Ticker ISIN Name Sector Location Asset Class Nominal Market Value Weight (%) Price Exchange Maturity Coupon (%) Market Currency Duration Notional Value
as of 23/Nov/2020
Issuer Weight (%)
Issuer Weight (%)
KFW 1.52
Issuer Ticker Name Asset Class Weight (%) Price Nominal Market Value Notional Value Sector ISIN Coupon (%) Maturity Exchange Location Market Currency Duration

Securities lending is an established and well regulated activity in the investment management industry. It involves the transfer of securities (such as shares or bonds) from a Lender (in this case, the iShares fund) to a third-party (the Borrower). The Borrower will give the Lender collateral (the Borrower’s pledge) in the form of shares, bonds or cash, and will also pay the Lender a fee. This fee provides additional income for the fund and thus can help to reduce the total cost of ownership of an ETF.


At BlackRock, securities lending is a core investment management function with dedicated trading, research and technology capabilities. The lending programme is designed to deliver superior absolute returns to clients, whilst maintaining a low risk profile. Funds participating in securities lending retain 62.5% of the income, while BlackRock receives 37.5% of the income and covers all the operational costs resulting from securities lending transactions.


Collateral Holdings shown on this page are provided on days where the fund participating in securities lending had an open loan.

12 Month Lending Summary as of 30/Sep/2020
  • Securities Lending Return: 0.02
  • Average on-loan (% of AUM): 9.18
  • Maximum on-loan (% of AUM): 11.62
  • Collateralisation (% of Loan): 107.46
as of 19/Nov/2020
Name Ticker ISIN SEDOL Location Asset Class Weight (%)

Loan/Collateral Combinations and Collateral Levels**

Collateral Types
Loan TypeEquitiesGovernment, Supranational and Agency BondsCash (Not for Reinvestment)
Equities 105%-112% 105%-106% 105%-108%
Government Bonds 110%-112% 102.5%-106% 102.5%-105%
Corporate Bonds 110%-112% 104%-106% 103.5%-105%
The information in the Collateral Holdings table relates to securities obtained in the collateral basket under the securities lending programme for the fund in question. The information contained in this material is derived from proprietary and non-proprietary sources deemed by BlackRock to be reliable, is not necessarily all inclusive and is not guaranteed as to accuracy. Reliance upon information in this material is at the sole discretion of the reader. The primary risk in securities lending is that a borrower will default on their commitment to return lent securities while the value of the liquidated collateral does not exceed the cost of repurchasing the securities and the fund suffers a loss in respect of the short-fall.
~The information in the Lending Summary table will not be displayed for the funds that have participated in securities lending for less than 12 months.

*Annualised Securities Lending Return is calculated using unaudited 12 month net securities lending revenues to the fund divided by the average NAV of the fund over the same period. 62.5% of all securities lending income is paid directly into the fund, with BlackRock receiving 37.5% compensation which covers all operational costs. BlackRock’s policy is to disclose performance information quarterly subject to a one-month delay. This means that returns from 0/01/2015 to 31/12/2015 can be publicly disclosed from 01/02/2016.

+Maximum on-loan figure may increase or decrease over time.
**Collateral parameters depend on the collateral and the loan combination, and the over collateralisation level may range from 102.5% to 112%. In this context, “Over Collateralisation” means that the aggregate market value of collateral taken will exceed the overall on-loan value. Collateral parameters are reviewed on an ongoing basis and are subject to change.
Detailed Holdings and Analytics contains detailed portfolio holdings information and select analytics.

Exposure Breakdowns

Exposure Breakdowns

as of 23/Nov/2020

% of Market Value

Type Fund
Geographic exposure relates principally to the domicile of the issuers of the securities held in the product, added together and then expressed as a percentage of the product’s total holdings. However, in some instances it can reflect the location where the issuer of the securities carries out much of their business.
as of 23/Nov/2020

% of Market Value

Type Fund
as of 23/Nov/2020

% of Market Value

Type Fund
as of 23/Nov/2020

% of Market Value

Type Fund
Credit quality ratings on underlying securities of the fund are received from S&P, Moody’s and Fitch and converted to the equivalent S&P major rating category. This breakdown is provided by BlackRock and takes the median rating of the three agencies when all three agencies rate a security the lower of the two ratings if only two agencies rate a security and one rating if that is all that is provided. Unrated securities do not necessarily indicate low quality. Below investment-grade is represented by a rating of BB and below. Ratings and portfolio credit quality may change over time.

Allocations are subject to change.


Exchange Ticker Currency Listing Date SEDOL Bloomberg Ticker RIC Bloomberg INAV Reuters INAV ISIN WKN Valor Common Code (EOC) ISIN of INAV
Euronext Amsterdam IEAG EUR 06/May/2009 B45GQS0 IEAG NA IEAG.AS INAVEABE EABEUR=INAV IE00B3DKXQ41 - - - -
Deutsche Boerse Xetra EUN4 EUR 26/May/2009 BSKRJR6 EUN4 GY EUN4.DE INAVEABE EABEUR=INAV IE00B3DKXQ41 A0RGEN - - -
London Stock Exchange SEAG GBP 09/Mar/2009 B3DKXZ3 SEAG LN SEAG.L INAVEABG EABGBP=INAV IE00B3DKXQ41 - - - -
SIX Swiss Exchange IEAG CHF 05/Jul/2011 B3TL9F2 IEAG SW IEAG.S INAVEABC EABCHF=INAV IE00B3DKXQ41 - 10012758 - -