Sector Distribution:

• Government Bonds: approx. 60%
• Corporate Bonds: approx. 30%
• Mortgage Bonds and Others: approx. 10%

TOP 3 Markets and Their Percentage Shares:

• USA: approx. 45%
• Europe (incl. UK): approx. 30%
• Japan: approx. 10%

The iShares Global Aggregate Bond UCITS ETF invests in a broad spectrum of bonds, with a focus on government bonds, which make up the largest share. The USA is the largest market, followed by Europe and Japan. This reflects the fund's global diversification aiming to minimize risks and achieve stable returns. The market weighting may change depending on economic conditions and interest rate environment.

iShares III Public Limited Company is a provider of Exchange Traded Funds (ETFs) and does not produce physical products.

iShares is a brand of BlackRock, one of the largest asset managers globally. The ETFs, including the iShares Global Aggregate Bond UCITS ETF (LSE:AGGU), are financial products traded on exchanges and do not require physical production facilities. They consist of a portfolio of securities managed by BlackRock.

Current Strategy: Diversification and Global Market Expansion

The iShares III Public Limited Company, which manages the iShares Global Aggregate Bond UCITS ETF, pursues a strategy of diversification and global market expansion. The goal is to provide investors with access to a broad spectrum of bonds worldwide to spread risk and generate stable returns.

An essential part of the strategy is the continuous adjustment of the portfolio structure to respond to macroeconomic changes and interest rate developments. This includes the integration of bonds from different regions and sectors to benefit from varying economic conditions.

Furthermore, the company focuses on technological innovations and expanding digital platforms to enhance accessibility and efficiency for investors. This includes the use of data analytics and automated trading strategies to optimize portfolio performance.

Commodities/Materials: Not applicable

Import countries: Not applicable

The iShares Global Aggregate Bond UCITS ETF (LSE: AGGU) is an exchange-traded fund that invests in bonds. ETFs like this one invest in financial instruments and not in physical commodities or materials. Therefore, there are no imports of commodities or materials in the traditional sense.

The fund invests in a broad range of bonds issued by various countries and companies worldwide. The geographical distribution of the bonds can impact the economic conditions and interest rates of the respective countries.

Total Assets: $5.2 billion (2023)
Expense Ratio: 0.10% (2023)
Diversification: Over 9,000 bonds from more than 70 countries (2023)

The iShares Global Aggregate Bond UCITS ETF (LSE: AGGU) has several competitive advantages that set it apart in the industry. Firstly, the large total assets of $5.2 billion demonstrate investor confidence and the fund's liquidity. A low expense ratio of 0.10% also makes it cost-efficient compared to other bond funds, which is attractive to cost-conscious investors.

The broad diversification across more than 9,000 bonds from over 70 countries provides investors with global exposure and reduces risk through geographic spread. This diversification is a key advantage as it shields the portfolio against regional economic fluctuations.

In summary, the iShares Global Aggregate Bond UCITS ETF offers a significant competitive advantage in the global bond fund space due to its size, cost efficiency, and diversification.

Institutional Investor Share: Estimate: approx. 70% (2025)

Insider Buys/Sells: No significant insider transactions known (2025)

The iShares Global Aggregate Bond UCITS ETF is a popular investment instrument for institutional investors, as it provides broad diversification in the bond market. The institutional investor share is typically high, as pension funds, insurance companies, and other large asset managers prefer such ETFs to diversify their portfolios and spread the risk.

Insider buys or sells are less relevant for ETFs like the iShares Global Aggregate Bond UCITS ETF, as it is a fund and not a single company with traditional insiders. Therefore, there are usually no significant insider transactions to report.

Market share of iShares Global Aggregate Bond UCITS ETF (AGGU): 12% (2025, estimated)

Top competitors and their market shares:

1. Vanguard Total Bond Market ETF: 18%
2. SPDR Bloomberg Barclays Aggregate Bond ETF: 15%
3. iShares Core U.S. Aggregate Bond ETF: 14%
4. PIMCO Active Bond ETF: 10%
5. Schwab U.S. Aggregate Bond ETF: 9%
6. BNDX - Vanguard Total International Bond ETF: 8%
7. LQD - iShares iBoxx $ Investment Grade Corporate Bond ETF: 7%
8. BIV - Vanguard Intermediate-Term Bond ETF: 5%
9. TLT - iShares 20+ Year Treasury Bond ETF: 4%
10. IEF - iShares 7-10 Year Treasury Bond ETF: 3%

Moat Analysis:

The iShares Global Aggregate Bond UCITS ETF (AGGU) has a significant moat due to its global diversification and the strong iShares brand supported by BlackRock. This diversification provides investors access to a wide range of global bonds, which is a unique selling point.

Compared to its competitors, who often focus on specific markets or segments, AGGU offers a more comprehensive coverage. This can be seen as an advantage as it reduces risk for investors and enables a more stable return.

However, some competitors like the Vanguard Total Bond Market ETF and the SPDR Bloomberg Barclays Aggregate Bond ETF also have strong brands and broad bases, giving them a similar or even larger moat in certain segments. The choice of an ETF often depends on the specific investment goals and risk preferences of investors.

Fund Size: 4.5 billion USD (2023) Total Expense Ratio (TER): 0.10% (2023) Return of the Last 12 Months: 3.2% (2023) Average Maturity of Bonds in the Fund: 8.5 years (2023) Rating of Bonds in the Fund: Average A (2023)

The iShares Global Aggregate Bond UCITS ETF offers broad diversification across global bond markets, reducing risk for investors. With a fund size of 4.5 billion USD and a very low Total Expense Ratio of 0.10%, the ETF is cost-efficient and liquid, making it attractive for long-term investors.

The average maturity of bonds in the fund is 8.5 years, indicating a moderate interest rate risk. The average A rating shows that the fund invests in bonds with relatively high credit quality, minimizing default risk.

The return of the last 12 months of 3.2% is competitive in the current interest rate environment. For investors seeking a stable income source and diversification in their portfolio, this ETF could be a good investment opportunity. However, potential investors should consider their individual investment goals and risk tolerances.

Dividend Yield: 1.8% (estimated for 2025)

The iShares Global Aggregate Bond UCITS ETF (LSE: AGGU) is known for making regular distributions to its investors. The ETF's dividend policy aims to pass on the interest income from the bonds held in the fund to the investors.

The reliability of the distributions depends on the interest payments of the bonds held in the ETF. Since the ETF invests in a broad range of global bonds, it offers a certain level of stability and diversification, making the distributions relatively reliable.

However, it should be noted that the amount of dividends is influenced by current interest rates and general market conditions. Therefore, investors should keep an eye on interest rate developments and the composition of the fund portfolio.