Industry distribution: Financial services, government bonds, corporate bonds
TOP 3 markets: USA, Europe, Asia-Pacific

The iShares Core Universal USD Bond ETF (IUSB) is a bond ETF that invests in various fixed-income securities. As it is a bond ETF, it does not generate revenues from industries in the traditional sense but earns income through interest on the held bonds.

The largest markets in which the ETF invests are typically the USA, followed by Europe and the Asia-Pacific region. The percentage of investments in these markets can vary but typically is as follows:

• USA: approx. 60-70%
• Europe: approx. 15-25%
• Asia-Pacific: approx. 5-15%

This distribution reflects global diversification and the focus on U.S. bonds, which make up a large part of the portfolio.

iShares Trust - iShares Core Universal USD Bond ETF is an exchange-traded fund (ETF) and not a company that produces physical products.

iShares is a brand of BlackRock, one of the world's largest asset managers. As an ETF, the iShares Core Universal USD Bond ETF invests in a variety of bonds to provide investors with a diversified investment opportunity in the bond market. Since it is a financial product, there are no production facilities in the traditional sense.

Current Strategy: Diversification and Cost Efficiency

Focus on: Broad Market Coverage and Risk Management

The iShares Core Universal USD Bond ETF (IUSB) pursues a strategy aimed at diversification and cost efficiency. The ETF invests in a wide range of US dollar-denominated bonds to ensure comprehensive market coverage. This includes both government bonds and corporate bonds of varying credit ratings.

An essential part of the strategy is risk management through a balanced allocation across different bond segments. This is intended to help reduce volatility and generate stable returns.

In the future, the ETF plans to strengthen its position by adapting to changing market conditions, including considering interest rate fluctuations and macroeconomic trends. This will be achieved through regular portfolio adjustments and the use of market analysis.

Raw materials/materials: Not applicable
Import countries: Not applicable

The iShares Core Universal USD Bond ETF (IUSB) is an exchange-traded fund that invests in bonds and not directly in raw materials or materials. Therefore, the ETF itself does not import raw materials or materials from other countries.

The fund invests in a variety of bonds issued by various issuers worldwide. These bonds can come from governments, companies, or other institutions. The geographical distribution of bond issuers may vary, but the focus is on the US dollar bond market.

Assets under Management (AUM): 20 billion USD (estimated for 2025)
Expense Ratio: 0.06% (2023)

The iShares Core Universal USD Bond ETF (IUSB) offers a significant competitive advantage through its broad diversification and low expense ratio. With estimated assets under management of 20 billion USD in 2025, it is one of the larger bond ETFs, providing a certain level of stability and liquidity.

The low expense ratio of 0.06% is another key advantage, as it allows investors to maximize their returns by minimizing costs. This is particularly attractive for long-term investors who want to invest in a broadly diversified portfolio of bonds in a cost-effective manner.

Additionally, the ETF benefits from the strong iShares brand, known as one of the leading providers of ETFs worldwide. This enhances investors' confidence and can lead to a consistent demand for the product.

Institutional investor share: approx. 80% (estimated for 2025 based on historical trends)

Insider purchases/sales: No relevant insider transactions as this is an ETF.

The iShares Core Universal USD Bond ETF (IUSB) is an exchange-traded fund (ETF) that typically has a high proportion of institutional investors. This is because ETFs are often used by institutional investors such as pension funds, insurance companies, and asset managers to manage diversified bond portfolios.

Insider purchases or sales are not relevant for ETFs, as they are not operating companies but funds that hold various bonds. Transactions within the ETF relate to portfolio adjustments and not insider activities.

Market share of iShares Trust - iShares Core Universal USD Bond ETF (IUSB): Estimate 5-7% (2025)

Main competitors and their market shares:

1. Vanguard Total Bond Market ETF (BND): Estimate 10-12%
2. SPDR Bloomberg Barclays Aggregate Bond ETF (AGG): Estimate 8-10%
3. Schwab U.S. Aggregate Bond ETF (SCHZ): Estimate 6-8%
4. Fidelity Total Bond ETF (FBND): Estimate 4-6%
5. Invesco Total Return Bond ETF (GTO): Estimate 3-5%

Moat of iShares Core Universal USD Bond ETF (IUSB):

The moat of IUSB lies in its broad diversification and the strong brand of iShares, supported by BlackRock. This brand enjoys high trust and offers a comprehensive product range that attracts investors. The ETF benefits from the extensive coverage of the bond market, making it attractive to investors seeking broad diversification.

Compared to its competitors, the iShares ETF has a similar moat to Vanguard and SPDR, which also excel through strong brands and broad product ranges. However, Vanguard tends to have lower cost structures, which can be a significant advantage. SPDR benefits from its close connection to the Bloomberg Barclays indices, widely recognized as benchmarks.

Overall, the moat of IUSB is solid but not unique. The competition is strong and offers similar advantages, especially in terms of costs and brand trust.

Total Expense Ratio (TER): 0.06% (2023)
Managed Assets: Over 20 billion USD (2023)
Number of Positions: Over 10,000 (2023)

The iShares Trust - iShares Core Universal USD Bond ETF (IUSB) is a broadly diversified bond ETF that invests in a variety of US dollar-denominated bonds. With a Total Expense Ratio of only 0.06%, it is cost-efficient and suitable for long-term investors seeking exposure to a broadly diversified bond portfolio.

The ETF comprises over 10,000 positions, providing broad diversification and minimizing the risk of individual defaults. It invests in various types of bonds, including government bonds, corporate bonds, and mortgage-backed securities, enabling a balanced risk distribution.

For investors aiming for stable income and portfolio diversification, IUSB could be an attractive option. Its low costs and broad diversification make it a solid choice in a portfolio focused on long-term growth and stability.

Dividend Yield: 2.5% (estimated for 2025)

The iShares Core Universal USD Bond ETF (IUSB) regularly pays out dividends. These distributions result from the interest generated by the fund through its bond investments. The dividend yield typically stands at around 2.5%, based on historical data and current market conditions.

The reliability of the payout is high as the fund invests in a broad range of bonds, including government bonds, corporate bonds, and mortgage-backed securities. This diversification contributes to the stability of the returns. However, it is important to note that the dividend amount can be influenced by interest rates and the general economic situation.