Key stats
About iShares Interest Rate Hedged US Aggregate Bond ETF
Expense ratio
0.13%
Home page
Inception date
Jun 22, 2022
ISIN
US46431W5316
AGRH follows an index that combines a long position in iShares Core US Aggregate Bond ETF (AGG) with an overlay of interest rate swaps. The fund includes a fixed number of AGGs shares and a series of up to 10 interest rate swap contracts with different maturities, intended to hedge the portfolios duration exposure at key points on the yield curve. By entering these swaps, the fund agrees to give up a portion of the fixed payments it receives from AGGs bond portfolio in exchange for floating payments tied to the interest rate. The fund may also invest in other interest rate futures contracts, including US Treasuries, Eurodollar, and Federal Funds futures. Swaps are rebalanced daily and restructured monthly. Investors should note that interest rate swap and futures positions are not intended to mitigate credit risk or other factors influencing the bonds price. Note, the fund is registered as a commodity pool.
Classification
What's in the fund
Exposure type
ETF
Bonds, Cash & Other100.00%
ETF93.71%
Cash3.33%
Mutual fund2.90%
Miscellaneous0.05%