Fixed Income

BMOAX

iShares U.S. Aggregate Bond Index Fund

  • NAV as of Nov 20, 2024 $8.96
    52 WK: 8.70 - 9.35
  • 1 Day NAV Change as of Nov 20, 2024 -0.01 (-0.11%)
  • NAV Total Return as of Nov 19, 2024 YTD: 1.50%

Overview

WHY BMOAX?

  • High-Quality, Traditional Bonds
  • Replicates the Barclays US Aggregate Bond Index
  • Seeking Conservative Long-Term Total Returns

Investment Approach

Invests in a portfolio of assets whose performance seeks to match the performance of the Bloomberg U.S. Aggregate Bond Index.
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Performance

Performance

  1y 3y 5y 10y
Total Return (%) 11.11 -1.66 0.05 1.49
Benchmark (%) 11.57 -1.39 0.33 1.84
Morningstar Category Avg. (%) 10.57 -2.14 -0.11 1.42
Morningstar Ranking 368/456 282/414 301/373 193/268
Morningstar Quartile 4 3 4 4
Lipper Category Avg. (%) 11.99 -1.39 0.58 1.82
Lipper Ranking 448/521 317/481 392/451 266/334
Lipper Quartile 4 3 4 4
  YTD 1m 3m 1y 3y 5y 10y
Total Return (%) 4.30 1.26 5.02 11.11 -4.91 0.23 15.95
Benchmark (%) 4.45 1.34 5.20 11.57 -4.11 1.67 20.04
Morningstar Category Avg. (%) 2.17 -2.41 0.27 10.57 -4.10 2.16 18.97
Lipper Category Avg. (%) 4.93 1.34 5.15 11.99 -4.09 2.97 19.88
  2019 2020 2021 2022 2023
Total Return (%) 8.39 7.33 -2.09 -13.31 5.39
Benchmark (%) 8.72 7.51 -1.54 -13.01 5.53
Morningstar Category Avg. (%) 8.06 7.52 -1.48 -13.32 5.59

Performance is shown after deduction of ongoing charges. Any entry and exit charges are excluded from the calculation.

The performance quoted represents past performance and does not guarantee future results. Investment return and principal value of an investment will fluctuate so that an investor's shares, when sold or redeemed, may be worth more or less than the original cost. Current performance may be lower or higher than the performance quoted. The performance information for periods prior to the inception date of the share class are based on the Fund’s Class K Shares, adjusted to reflect the fees and expenses applicable to such share class. See the fund prospectus for more details.
Click here for Distribution data

Key Facts

Key Facts

Net Assets
as of Nov 20, 2024
$161,372,406
Share Class launch date
Mar 31, 2011
Benchmark Index
Bloomberg US Aggregate Bond Index
Morningstar Category
Intermediate Core Bond
CUSIP
066923400
Open to New Investors
Yes
Net Assets of Fund
as of Nov 20, 2024
$2,933,207,965
Asset Class
Fixed Income
Distribution Frequency
Monthly
Lipper Classification
Core Bond Funds
Max Offer Price
as of Nov 20, 2024
$8.96
Turnover Percent in the Annual Report
as of Dec 31, 2023
78%

Portfolio Characteristics

Portfolio Characteristics

Number of Holdings
as of Oct 31, 2024
6,946
Alpha (3y)
as of Oct 31, 2024
-0.02
R-Squared (3y)
as of Oct 31, 2024
99.80
Beta (3y)
as of Oct 31, 2024
0.99
Unsubsidized 30-Day SEC Yield
as of Oct 31, 2024
3.99%
Effective Duration
as of Oct 31, 2024
5.96 yrs
Best 3-Month Return Over the Last 3 Years
3 months ending Jan 31, 2024
8.06%
30 Day SEC Yield
as of Oct 31, 2024
3.99%
Yield to Maturity
as of Oct 31, 2024
4.73%
Fund Standard Deviation (3y)
as of Oct 31, 2024
7.70
Average Coupon
as of Oct 31, 2024
3.35%
Yield to Worst
as of Oct 31, 2024
4.73%
Weighted Average Life
as of -
-
Worst 3-Month Return Over the Last 3 Years
3 months ending Oct 31, 2022
-8.28%
This information must be preceded or accompanied by a current prospectus. For standardized performance, please see the Performance section above.

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. Learn more


This fund does not seek to follow a sustainable, impact or ESG investment strategy. The metrics do not change the fund’s investment objective or constrain the fund’s investable universe, and there is no indication that a sustainable, impact or ESG investment strategy will be adopted by the fund. For more information regarding the 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 Sep 21, 2024
A
MSCI ESG Quality Score (0-10)
as of Sep 21, 2024
6.1
Fund Lipper Global Classification
as of Sep 21, 2024
Bond USD Medium Term
MSCI Weighted Average Carbon Intensity (Tons CO2E/$M SALES)
as of Sep 21, 2024
221.10
MSCI ESG % Coverage
as of Sep 21, 2024
66.88%
MSCI ESG Quality Score - Peer Percentile
as of Sep 21, 2024
52.85%
Funds in Peer Group
as of Sep 21, 2024
263
MSCI Weighted Average Carbon Intensity % Coverage
as of Sep 21, 2024
25.97%
All data is from MSCI ESG Fund Ratings as of Sep 21, 2024, based on holdings as of Nov 30, 2023. 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% (or 50% for bond funds and money market funds) 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.

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. 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 Oct 31, 2024
0.32%
MSCI - Nuclear Weapons
as of Oct 31, 2024
0.26%
MSCI - Civilian Firearms
as of Oct 31, 2024
0.00%
MSCI - Tobacco
as of Oct 31, 2024
0.28%
MSCI - UN Global Compact Violators
as of Oct 31, 2024
0.07%
MSCI - Thermal Coal
as of Oct 31, 2024
0.04%
MSCI - Oil Sands
as of Oct 31, 2024
0.04%
Business Involvement Coverage
as of Oct 31, 2024
28.10%
Percentage of Fund not covered
as of Oct 31, 2024
71.90%
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 0.06% and for Oil Sands 0.32%.

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.

Fees

Fees

as of current prospectus
Gross Expense Ratio 0.35%
Net Expense Ratio 0.35%

Net Expense Ratio excluding Investment Related Expenses is 0.35%

  • Acquired Fund Fees and Expenses 0.00%
  • Interest expense 0.00%

Ratings

Ratings

Lipper Leader

 
 
 
Overall Lipper Leaders ratings based on an equal-weighted average of percentile ranks for each measure over 3-, 5-, and 10-year periods (if applicable) and do not take into account the effects of sales charges for these categories (Consistent Return, Preservation, Total Return, Expense, and Tax Efficiency) as of Oct 31, 2024 out of 478, 6,105, 481, 121 and 481 Funds, respectively in Lipper's Core Bond Funds classification.

Holdings

Holdings

as of Oct 31, 2024
Name Weight (%)
UNITED STATES TREASURY 44.29
FEDERAL NATIONAL MORTGAGE ASSOCIATION 11.89
GOVERNMENT NATIONAL MORTGAGE ASSOCIATION II 5.67
FEDERAL HOME LOAN MORTGAGE CORPORATION 5.02
UNIFORM MBS 2.46
Name Weight (%)
JPMORGAN CHASE & CO 0.60
BANK OF AMERICA CORP 0.55
MORGAN STANLEY 0.47
WELLS FARGO & COMPANY 0.36
GOLDMAN SACHS GROUP INC/THE 0.35
Name Market Value Weight (%) Quantity Maturity Coupon (%)
Holdings are subject to change. Fund holdings and allocations shown are unaudited, and may not be representative of current or future investments. Holdings shown should not be deemed as a recommendation to buy or sell securities. The user relies on this data at its own risk and neither BlackRock nor any other party makes any representations or express or implied warranties (which are expressly disclaimed) nor shall they incur any liability for any errors or omissions in the data.

Exposure Breakdowns

Exposure Breakdowns

as of Oct 31, 2024

% of Market Value

Type Fund Benchmark Net
as of Oct 31, 2024

% of Market Value

Type Fund Benchmark Net
Allocations subject to change.
as of Oct 31, 2024

% of Market Value

Type Fund Benchmark Net
as of Oct 31, 2024

% of Market Value

Type Fund Benchmark Net
as of Oct 31, 2024

% of Market Value

Type Fund Benchmark Net
The fund itself has not been rated by an independent rating agency. 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.

Negative weightings may result from specific circumstances (including timing differences between trade and settle dates of securities purchased by the funds) and/or the use of certain financial instruments, including derivatives, which may be used to gain or reduce market exposure and/or risk management. Certain transactions the funds may utilize may give rise to a form of leverage through either (a) additional market exposure or (b) borrowing capital in an attempt to increase investment return. The use of such transactions includes certain leverage-related risks, including potential for higher volatility, greater decline of the fund’s net asset value and fluctuations of dividends and distributions paid by the fund.

Allocations are subject to change.

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Carefully consider the Funds' investment objectives, risk factors, and charges and expenses before investing. This and other information can be found in the Funds' prospectuses or, if available, the summary prospectuses, which may be obtained by visiting the iShares ETF and BlackRock Fund prospectus pages. Read the prospectus carefully before investing. Investing involves risk, including possible loss of principal.

The Funds are distributed by BlackRock Investments, LLC (together with its affiliates, “BlackRock”).

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USR-9694

Portfolio Managers

Portfolio Managers

James Mauro
James Mauro
Karen Uyehara
Karen Uyehara
Managing Director, Deputy Head of Index Fixed Income

  

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Karen Uyehara, Managing Director, is the Deputy Head of Index Fixed Income (IFI) Portfolio Management in the Americas within BlackRock Global Markets & Index Investments. Ms. Uyehara's investment team is responsible for management of US based iShares and Index Funds.

 

Prior to joining BlackRock in 2010, Ms. Uyehara was a portfolio manager at Western Asset Management Company where she was responsible for the management of core and core plus portfolios. Earlier in her career, Ms. Uyehara worked at Pacific Investment Management Company (PIMCO), BGI and Lehman Brothers.

 

Ms. Uyehara earned a BA degree with a double major in economics and history from the University of California at San Diego and an MBA degree with a concentration in finance and investments from the University of Southern California.

Portfolio Manager

Literature

Literature