Fixed Income

AGENZX

iShares Global Aggregate Bond ESG UCITS ETF

Overview

Important Information: Capital at Risk. The value of investments and the income from them can fall as well as rise and are not guaranteed. Investors may not get back the amount originally invested.

Important Information: The value of your investment and the income from it will vary and your initial investment amount cannot be guaranteed. Two main risks related to fixed income investing are interest rate risk and credit risk. This ETF aims to reduce the former whilst giving full exposure to the latter. 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.
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Performance

Performance

Returns not available as there is less than one year’s performance data.
Returns not available as there is less than one year’s performance data.
Returns not available as there is less than one year’s performance data.
Returns not available as there is less than one year’s performance data.

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 NZD, hedged Share Class Benchmark performance is displayed in USD.

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 27/May/2022 NZD 168,125,988
Net Assets of Fund as of 27/May/2022 USD 877,804,375
Inception Date 25/Aug/2021
Fund Launch Date 25/Aug/2021
Share Class Currency NZD
Base Currency USD
Asset Class Fixed Income
SFDR Classification Article 8
Benchmark Index Bloomberg MSCI Global Aggregate Sustainable and Green Bond SRI Index
Shares Outstanding as of 27/May/2022 36,567,615
Total Expense Ratio 0.15%
Use of Income Accumulating
Securities Lending Return -
Domicile Ireland
Product Structure Physical
Rebalance Frequency Monthly
Methodology Sampled
UCITS Yes
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
Fiscal Year End 30 June
Bloomberg Ticker AGENZX IX
ISIN IE000ZIGXVF2
SIPP Available Yes
ISA Eligibility Yes
UK Distributor/Reporting Status No/Seeking

Portfolio Characteristics

Portfolio Characteristics

Number of Holdings as of 26/May/2022 3886
Benchmark Level as of 27/May/2022 USD 107.55
Benchmark Ticker I36429
Weighted Average YTM as of 26/May/2022 2.45%
Weighted Avg Coupon as of 26/May/2022 1.88
3y Beta as of - -
Weighted Avg Maturity as of 26/May/2022 8.81
Effective Duration as of 26/May/2022 7.16
Standard Deviation (3y) as of - -

Sustainability Characteristics

Sustainability Characteristics

Sustainability Characteristics provide investors with specific non-traditional metrics. Alongside other metrics and information, these enable investors to evaluate funds on certain environmental, social and governance characteristics. Sustainability Characteristics do not provide an indication of current or future performance nor do they represent the potential risk and reward profile of a fund. They are provided for transparency and for information purposes only. Sustainability Characteristics should not be considered solely or in isolation, but instead are one type of information that investors may wish to consider when assessing a fund.


The metrics are not indicative of how or whether ESG factors will be integrated into a fund. Unless otherwise stated in fund documentation and included within a fund’s investment objective, the metrics do not change a fund’s investment objective or constrain the fund’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 methodologies behind Sustainability Characteristics using the links below.

MSCI ESG Fund Rating (AAA-CCC) as of 06/May/2022 A
MSCI ESG % Coverage as of 06/May/2022 88.45
MSCI ESG Quality Score (0-10) as of 06/May/2022 6.75
MSCI ESG Quality Score - Peer Percentile as of 06/May/2022 65.01
Fund Lipper Global Classification as of 06/May/2022 Bond Global USD
Funds in Peer Group as of 06/May/2022 343
MSCI Weighted Average Carbon Intensity (Tons CO2E/$M SALES) as of 06/May/2022 146.67
MSCI Weighted Average Carbon Intensity % Coverage as of 06/May/2022 24.95
All data is from MSCI ESG Fund Ratings as of 06/May/2022, based on holdings as of 31/Mar/2022. As such, the fund’s sustainable characteristics may differ from MSCI ESG Fund Ratings from time to time.

To be included in MSCI ESG Fund Ratings, 65% of the fund’s gross weight must come from securities with ESG coverage by MSCI ESG Research (certain cash positions and other asset types deemed not relevant for ESG analysis by MSCI are removed prior to calculating a fund’s gross weight; the absolute values of short positions are included but treated as uncovered), 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.


Business Involvement metrics are not indicative of a fund’s investment objective, and, unless otherwise stated in fund documentation and included within a fund’s investment objective, do not change a fund’s investment objective or constrain the fund’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 26/May/2022 0.00%
MSCI - UN Global Compact Violators as of 26/May/2022 0.00%
MSCI - Nuclear Weapons as of 26/May/2022 0.00%
MSCI - Thermal Coal as of 26/May/2022 0.00%
MSCI - Civilian Firearms as of 26/May/2022 0.00%
MSCI - Oil Sands as of 26/May/2022 0.00%
MSCI - Tobacco as of 26/May/2022 0.00%

Business Involvement Coverage as of 26/May/2022 28.42%
Percentage of Fund not covered as of 26/May/2022 71.58%
BlackRock business involvement exposures as shown above for Thermal Coal and Oil Sands are calculated and reported for companies that generate more than 5% of revenue from thermal coal or oil sands as defined by MSCI ESG Research. For the exposure to companies that generate any revenue from thermal coal or oil sands (at a 0% revenue threshold), as defined by MSCI ESG Research, it is as follows: Thermal Coal 0.01% and for Oil Sands 0.00%.

Business Involvement metrics are calculated by BlackRock using data from MSCI ESG Research which provides a profile of each company’s specific business involvement. BlackRock leverages this data 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. Business Involvement metrics are only displayed if at least 1% of the fund’s gross weight includes securities covered by MSCI ESG Research.

Ratings

Registered Locations

Registered Locations

  • Ireland

  • Switzerland

  • United Kingdom

Holdings

Holdings

as of 26/May/2022
Issuer Weight (%)
UNITED STATES TREASURY 16.79
JAPAN (GOVERNMENT OF) 12.45
CHINA PEOPLES REPUBLIC OF (GOVERNMENT) 7.84
FEDERAL NATIONAL MORTGAGE ASSOCIATION 4.05
FRANCE (REPUBLIC OF) 3.17
Issuer Weight (%)
UNIFORM MBS 3.03
GOVERNMENT NATIONAL MORTGAGE ASSOCIATION II 2.46
UNITED KINGDOM OF GREAT BRITAIN AND NORTHERN IRELAND (GOVERNMENT) 2.29
ITALY (REPUBLIC OF) 2.28
GERMANY (FEDERAL REPUBLIC OF) 2.26
Issuer Ticker Name Sector Asset Class Market Value Weight (%) Notional Value Nominal Par Value ISIN Price Location Exchange Duration Maturity Coupon (%) Market Currency Effective Date

The preliminary holdings of the fund are those taken prior to the start of each business day and are used to generate a daily static cash flow profile. This is determined by using a number of consistent assumptions which BlackRock believe to be appropriate in illustrating the cash flow profile of the fund for that day. The cash flow data is projected using the aggregated expected coupon and maturities of the individual bond holdings of the fund. Holdings and cashflows are subject to change and this information is not to be relied upon.

Exposure Breakdowns

Exposure Breakdowns

as of 26/May/2022

% of Market Value

Type Fund
as of 26/May/2022

% 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 26/May/2022

% of Market Value

Type Fund
as of 26/May/2022

% of Market Value

Type Fund
as of 26/May/2022

% 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.

Listings

Exchange Ticker Currency Listing Date SEDOL Bloomberg Ticker RIC Bloomberg INAV Reuters INAV ISIN WKN Valor Common Code (EOC) ISIN of INAV
Cboe Europe AGENZX NZD 27/Aug/2021 BP6S9L6 AGENZX IX AGENZx.CHI - - IE000ZIGXVF2 A3CW0S 113180158 - -

Literature

Literature