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iShares Core Global Aggregate Bond UCITS ETFIndex, costs, backtest, listings and taxation

ISIN: IE000FHBZDZ8Ticker: 1FB0 (Xetra) · AGAC (Euronext AMS)Issuer: iShares
Issuer-declared data
Declared index
Bloomberg Global Aggregate Bond Index
TER
0.10%
Transaction costs
0.00% (issuer estimate, from the KID)
Management
Passive (index-tracking)
Income policy
SFDR
Article 6 — does not promote specific ESG characteristics what does it mean?
Fund assets
730.9 mln EUR
NAV
5.46 USD (31 August 2026)
Domicile
Ireland
Inception date
8 May 2024
Data as declared by iShares in the issuer’s official files and endpoints · collected on 2 September 2026 (monthly refresh). Facts only, no recommendation.
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Description

iShares Core Global Aggregate Bond UCITS ETF tracks the issuer-declared index: Bloomberg Global Aggregate Bond Index. The declared annual cost (TER) is 0.10%, plus 0.00% in transaction costs estimated by the issuer in the KID. Replication is optimised physical replication (the KID declares optimisation techniques to achieve a return similar to the index); income is accumulated and reinvested in the fund. The fund has assets of about 731 million euro, was launched on 8 May 2024 and is domiciled in Ireland. In our registry 1 other ETFs declare the same index.

The fund’s objective — in the issuer’s words

The Share Class is a share class of a Fund which aims to achieve a return on your investment, through a combination of capital growth and income on the Fund’s assets, which reflects the return of the Bloomberg Global Aggregate Bond Index, the Fund’s benchmark index (Index). The Share Class, via the Fund is passively managed, and aims to invest so far as possible and practicable in the fixed income (FI) securities (such as bonds) that make up the Index and comply with its credit rating requirements. If the credit ratings of the FI securities are downgraded, the Fund may continue to hold them until they cease to form part of the Index and it is practicable to sell them. The Index measures the performance of global investment-grade debt (i.e. bond) markets and currently is made up of four regional indices (i.e. the Bloomberg Barclays US Aggregate Index, the Bloomberg Barclays Pan-European Aggregate Index, the Bloomberg Barclays AsianPacific Aggregate Index and the Bloomberg Barclays Canadian Aggregate Index) as well as other Bloomberg Barclays index-eligible securities not already included in these four indices. The FI securities that make up the Index may be issued or guaranteed by governments, public international bodies or companies and will pay income according to a fixed and/or floating rate of interest. The FI securities will, at the time of inclusion in the Index, be investment grade (i.e. meet a specified level of creditworthiness). The Fund uses optimising techniques to achieve a similar return to its Index. These may include the strategic selection of certain securities that make up the Index or other FI securities which provide similar performance to certain constituent securities. These may also include the use of financial derivative instruments (FDIs) (i.e. investments the prices of which are based on one or more underlying assets). FDIs may be used for direct investment purposes. The Fund may also engage in short-term secured lending of its investments to certain eligible third parties to generate additional income to off-set the costs of the Fund.

Keep reading the KID section ▾

The price of fixed income securities may be affected by changing interest rates which in turn may affect the value of your investment. Fixed income securities prices move inversely to interest rates. Therefore, the market value of fixed income securities may decrease as interest rates increase. The credit rating of an issuing entity will generally affect the yield that can be earned on fixed income securities; the better the credit rating the smaller the yield. The relationship between the return on your investment, how it is impacted and the period for which you hold your investment is considered below (see “How long should I hold it and can I take my money out early?”).

The depositary of the Fund is State Street Custodial Services (Ireland) Limited. Further information about the Fund can be obtained from the latest annual report and half-yearly reports of the iShares III plc. These documents are available free of charge in English and certain other languages. These can be found, along with other (practical) information, including prices of units, on the iShares website at: www.ishares.com or by calling +49 89427295800 or from your broker or financial adviser.

Your shares will be accumulating shares (i.e. income will be included in their value). Your shares will be denominated in US Dollar, the Fund's base currency. The shares are listed and traded on various stock exchanges. In normal circumstances, only authorised participants may buy and sell shares directly with the Fund. Investors who are not authorised participants (e.g. select financial institutions) can generally only buy or sell the shares on the secondary market (e.g. via a broker on a stock exchange) at the then prevailing market price. The value of the shares are related to the value of the underlying assets of the Fund, less costs (see “What are the costs?” below). The prevailing market price at which the shares trade on the secondary market may deviate from the value of the Shares. Indicative net asset value is published on relevant stock exchanges websites.

Intended retail investor:The Fund is intended for retail investors with the ability to bear losses up to the amount invested in the Fund (see “How long should I hold it and can I take my money out early?”).

Insurance benefits:The Fund does not offer any insurance benefits.

From the KID’s “Objectives” section · 4 August 2026 · original document ↓
Text generated from the data the issuer declares in official product lists. No recommendation.

Quick reads

  • TER 0.10%: below the median of bond ETFs we track (0.15%).
  • Assets larger than 79% of bond ETFs we track.
Comparisons computed by Rebalix on the declared data in our census; they describe the past and are not indicative of future results.

Official documents

Key Information Document (KID)PDF in English, from the issuer’s site — always the latest filed versionProspectusPDF in English, from the issuer’s site — the fund’s full legal documentFactsheetPDF in English, from the issuer’s site — the fund’s monthly snapshot
The KID is the document the law requires you to read before investing: 3 pages covering risks, costs and scenarios. The link opens the issuer’s published PDF.

Fund performance

issuer-declared net asset value (NAV) · USD · from May 2024 to Sept 2026
Compare with another ETF
Only funds we hold a history for. Three at a time, at most.
Return
+9.2%
Annualised
+3.9%
Volatility (ann.)
5.1%
Max drawdown
-6.92%
-3%+1%+6%+11%+16%May 2024Dec 2024Jul 2025Feb 2026Sept 2026The break-even line: the value at the start of the period. Above it you are in gain, below in loss.break-even (0%)+9%May 2024Sept 2026
Note — currency risk: the fund is denominated (or hedged) in USD and the chart is in USD. For a euro investor, returns also depend on the EUR/USD exchange rate, up or down.
Tip: drag across the chart to zoom into a period.

Drawdown — distance from previous peak

This isn’t the return: it shows how far the fund is below its previous peak. 0% = you’re at the peak; below zero = how much you’re down and haven’t recovered yet.
0%-2%-4%-6%-8%-10%202420252026−6.92% · 13 Jan 2025
Max drawdown
-6.92%
peak → trough
Trough
13 Jan 2025
from the 16 Sept 2024 peak
Recovery time
106 days
recovery only: trough to break-even · ≈ 3 months
Underwater
225 days
decline + recovery: peak to break-even · ≈ 7 months · → recovered on 29 Apr 2025

The five worst falls in the period

From the peak ofTroughDepthBack to break-evenDays underwater
27 Sept 202413 Jan 2025-6.92%29 Apr 2025214
27 Feb 202627 Mar 2026-3.58%ongoing187
30 Apr 202512 May 2025-1.87%04 Jun 202535
01 Jul 202515 Jul 2025-1.65%05 Sept 202566
17 Sept 202505 Nov 2025-1.45%26 Jan 2026131

Calendar-year returns

2024
1.6%
2025
8.3%
2026
-0.7%

Month-by-month returns

JanFebMarAprMayJunJulAugSeptOctNovDecYear
20260.91.1-3.21.30.4-0.7-0.50.6-0.4-0.7
20250.61.60.62.9-0.41.9-1.51.50.6-0.20.20.48.3
20240.22.82.31.7-3.40.4-2.31.6
From month-end NAVs, over the fund’s full history, on the series shown in the chart (dividends reinvested where declared). Deeper colour = larger move.
Source: iShares. Issuer-declared historical series; inflation: Eurostat and national statistical institutes, latest available July 2026 — for later days the index stays at the last published value (institutes publish with a few weeks’ lag). The «adjusted for inflation» view expresses value in today’s purchasing power for the selected country; volatility always stays nominal, as elsewhere on the site (deflating it would add artificial swings caused by the monthly cadence of the price index). Past performance is not indicative of future results: these are facts, not a recommendation.

Tracking difference — fund vs index

How much the fund returned above (+) or below (−) its index, year by year. It measures the actual deviation: the combined effect of costs (TER and transaction), securities-lending revenue and replication optimisations — which is why it can beat the TER.
Declared TER
0.10%
YearFundIndexDifference
2025+8.13%+8.17%-0.04%
Total-return figures from issuer-declared series (primary source); complete calendar years. TD is not comparable across sites using different methodologies or index variants. Past performance is not indicative of future results. What is tracking difference? →

Risk indicators· EUR

Last yearFull history
Volatility (ann.)4.82%6.07%
Max drawdown-2.87%-7.64%
Sharpe-0.16-0.33
Sortino-0.23-0.45
Windows longer than the available price history cannot be computed and are not shown: they will appear on their own as time passes. Computed from the daily NAV series, always in nominal terms. Sharpe and Sortino use the ECB main refinancing rate averaged over the period (last year: 2.20%), weighted by days in force, as the risk-free rate. Same formulas as our public methodology: sample standard deviation annualised over 252 days; Sortino with downside deviation. Past performance is not indicative of future results. Figures in EUR — series converted day by day at ECB reference rates; the table follows the currency selected in the chart.

Duration and maturities

Duration · effective duration
6.02years

Price sensitivity to rates: the longer, the more the fund moves. What is duration →

Maturity breakdown (% of fund)
0–1 years
1.89%
1–2 years
11.49%
2–3 years
11.48%
3–5 years
19.55%
5–7 years
15.14%
7–10 years
20.18%
10–15 years
5.51%
15–20 years
4.48%
20+ years
9.60%
Cash and derivatives
0.69%

Source: product page iShares, data as of 20 August 2026. Values as declared by the issuer, not computed by us; updated with the monthly document.

Credit rating

How the portfolio is spread by credit quality: from AAA (strongest) downwards. More weight in the top buckets = lower risk that an issuer fails to pay, usually with lower yields.

Rating breakdown (% of fund)
AAA
11.79%
AA
37.93%
A
31.45%
BBB
14.27%
BB
0.00%
B
0.00%
Not rated
3.87%
Cash and derivatives
0.69%

Source: product page iShares, data as of 20 August 2026. Values as declared by the issuer, not computed by us; updated with the monthly document.

Ratings are those the issuer assigns to portfolio holdings under its own methodology (usually the median of S&P, Moody’s and Fitch); scale and buckets are those of the original document.

Portfolio holdings

Securities in portfolio
19,979
20000 total lines: 21 cash & derivatives
Top-10 weight
4.2%

Top 10 holdings

CHINA PEOPLES REPUBLIC OF (GOVERNM · CGB
0.83%
FHLMC 30YR UMBS SUPER · FRSD8155
0.68%
CHINA PEOPLES REPUBLIC OF (GOVERNM · CGB
0.50%
CHINA PEOPLES REPUBLIC OF (GOVERNM · CGB
0.41%
CHINA PEOPLES REPUBLIC OF (GOVERNM · CGB
0.36%
CHINA PEOPLES REPUBLIC OF (GOVERNM · CGB
0.36%
CHINA PEOPLES REPUBLIC OF (GOVERNM · CGB
0.31%
CHINA PEOPLES REPUBLIC OF (GOVERNM · CGB
0.27%
CHINA PEOPLES REPUBLIC OF (GOVERNM · CGB
0.26%
CHINA PEOPLES REPUBLIC OF (GOVERNM · CGB
0.23%

Sectors

Treasuries
52.8%
Agency Fixed Rate
9.3%
Owned No Guarantee
4.7%
Cash and/or Derivatives
2.5%
Supranational
2.1%
Local Authority
1.6%
Government Guaranteed
1.1%

Countries

AfghanistanAngolaAlbaniaUnited Arab EmiratesArgentinaArmeniaFrench Southern and Antarctic LandsAustralia: 1.2%Austria: 0.4%AzerbaijanBurundiBelgium: 0.6%BeninBurkina FasoBangladeshBulgariaThe BahamasBosnia and HerzegovinaBelarusBelizeBoliviaBrazilBruneiBhutanBotswanaCentral African RepublicCanada: 2%Switzerland: 0.5%Chile: 0.1%China: 10.8%Ivory CoastCameroonDemocratic Republic of the CongoRepublic of the CongoColombiaCosta RicaCubaCyprusCzech Republic: 0.2%Germany: 2.8%DjiboutiDenmark: 0.2%Dominican RepublicAlgeriaEcuadorEgyptEritreaSpain: 1.7%EstoniaEthiopiaFinland: 0.2%FijiFalkland IslandsFrance: 3.1%GabonUnited KingdomGeorgiaGhanaGuineaGambiaGuinea BissauEquatorial GuineaGreece: 0.1%GreenlandGuatemalaFrench GuianaGuyanaHondurasCroatiaHaitiHungary: 0.1%Indonesia: 0.4%IndiaIreland: 2.4%IranIraqIcelandIsrael: 0.2%Italy: 2.6%JamaicaJordanJapan: 7.4%KazakhstanKenyaKyrgyzstanCambodiaSouth Korea: 1.1%KosovoKuwaitLaosLebanonLiberiaLibyaSri LankaLesothoLithuaniaLuxembourgLatvia: 0.1%MoroccoMoldovaMadagascarMexico: 0.4%MacedoniaMaliMyanmarMontenegroMongoliaMozambiqueMauritaniaMalawiMalaysia: 0.5%NamibiaNew CaledoniaNigerNigeriaNicaraguaNetherlands: 0.5%Norway: 0.1%NepalNew Zealand: 0.2%OmanPakistanPanamaPeru: 0.1%PhilippinesPapua New GuineaPoland: 0.3%Puerto RicoNorth KoreaPortugal: 0.2%ParaguayQatar: 0.1%Romania: 0.1%RussiaRwandaWestern SaharaSaudi Arabia: 0.1%SudanSouth SudanSenegalSolomon IslandsSierra LeoneEl SalvadorSomaliaRepublic of SerbiaSurinameSlovakiaSloveniaSweden: 0.3%SwazilandSyriaChadTogoThailand: 0.4%TajikistanTurkmenistanEast TimorTrinidad and TobagoTunisiaTurkeyTaiwanUnited Republic of TanzaniaUgandaUkraineUruguayUnited States of America: 29.3%UzbekistanVenezuelaVietnamVanuatuWest BankYemenSouth AfricaZambiaZimbabwe
up to 1%1–5%5–15%15–30%over 30%
Hover a country for its percentage.
Top 7 countries
United States29.3%
China10.8%
Japan7.4%
France3.1%
Germany2.8%
United Kingdom2.8%
Italy2.6%
⬇ Download the full portfolio — Excel, 20,000 rows
Full portfolio declared by iShares, as of 31 August 2026: this is the summary. Percentages may not sum to 100 due to cash, derivatives and rounding.
Fund historyFund-assets (AUM) chart year by year and monthly basket snapshots.Open the history →

Share classes of the same fund

This page covers ISIN IE000FHBZDZ8. The other classes belong to the same fund but may differ in currency, income policy or currency hedging.
Share classISINTickerIncomeCurrency
SGD Hedged (Acc)IE000E5H5AN1AGSGDXAccumulatingSGD
USD (Acc) · this pageIE000FHBZDZ8AGACAccumulatingUSD
USD (Dist)IE00B3F81409AGGGDistributingUSD
EUR Hedged (Acc)IE00BDBRDM35AGGHAccumulatingEUR
GBP Hedged (Dist)IE00BF540Y54AGBPDistributingGBP
SEK Hedged (Acc)IE00BJBLQB74AGSGXAccumulatingSEK
USD Hedged (Dist)IE00BMGNVD65AGUGDistributingUSD
NZD Hedged (Acc)IE00BYV3HN70AGGNZXAccumulatingNZD
USD Hedged (Acc)IE00BZ043R46AGGUAccumulatingUSD
Share classes declared by the issuer in official product lists (same fund = same issuer and same declared name). A dash “—” = not declared — not a zero.

ETFs declaring the same index

FundTERIncomeFund size
GLAG · SPDR
0.10%Dist.4.4 mld EUR
2 ETFs in our census declare this index (including this fund). Funds declaring the exact same index, word for word, in official product lists. Differently-worded variants (or other index versions) are not shown: a short list beats a wrong match. Sorted by TER. A dash “—” = not declared by the issuer in the files we read — not a zero.

Italian taxation

Effective rate on capital gains
18.41%
White-list share
56.25%
From the government-bond («white list») share certified by the issuer every semester: 12.5% on that portion, 26% on the rest.
Deep-dive into this fund’s taxation →

Where it shows up commission-free in Italy

According to the official lists published by the brokers (downloaded and cross-checked by us), these share classes of the fund appear tradable with zero fees:

IE00B3F81409EUNU(class: USD (Dist))
  • XTBzero (up to €100,000 monthly volume, unreachable for a retail plan); fractions available in plans
IE00BDBRDM35AGGH(class: EUR Hedged (Acc))
  • BG Saxozero within the savings plan (buys)
  • XTBzero (up to €100,000 monthly volume, unreachable for a retail plan); fractions available in plans
IE00BZ043R46QDVJ(class: USD Hedged (Acc))
  • BG Saxozero within the savings plan (buys)
  • XTBzero (up to €100,000 monthly volume, unreachable for a retail plan); fractions available in plans
Full terms, traps and method in the observatory: Free savings plans and zero-commission ETFs: the broker survey

Official lists verified on 3 September 2026. We record published terms — this is neither an invitation to open accounts nor a recommendation: lists change, the broker’s documents prevail. Trade Republic, Scalable Capital and Trading 212 publish no per-ISIN lists and don’t appear here.

Stock exchange listings

ExchangeTickerTrading since
Börse Hamburg1FB016 May 2024
Börse Hannover1FB030 Jul 2026
Börse München / gettex1FB010 Mar 2026
Tradegate Exchange1FB027 Aug 2026
+ 15 more trading venues (MTFs and professional platforms).
Trading venues from the official ESMA register (FIRDS); per-exchange tickers from the issuer’s tax documents and official listings. A dash “—” = that venue does not publish the item (ticker, currency or start date) in the sources we read. The same fund may trade in different currencies depending on the exchange: check the trading currency with your broker. Non-EU listings (e.g. UK, Mexico) not included.

Frequently asked questions

Which index does iShares Core Global Aggregate Bond UCITS ETF track?
The issuer iShares declares the benchmark: Bloomberg Global Aggregate Bond Index.
How much does AGAC cost?
The issuer-declared TER is 0.10% per year; the transaction costs estimated in the KID are 0.00%.
How is AGAC taxed in Italy?
On sale, the capital gain is taxed at an effective 18.41% rate (white-list share 56.25%): 12.5% on the government-bond “white list” portion, 26% on the rest.
What is the fund size of AGAC?
The fund size declared by iShares is about 731 million euro.
When was AGAC launched?
The fund was launched on 8 May 2024: it has 2 years of history.
How does AGAC replicate its index?
It is a passively managed ETF: it follows the declared index. Physical (optimised) (issuer wording: “Fisica - ottimizzazione (dal KID)”).
Does AGAC pay dividends?
No: it is an accumulating share class — income stays in the fund and is reinvested automatically (issuer wording: “Accumulating”).
Where does AGAC trade?
Per the official ESMA register it trades on 4 main exchanges, including Börse Hamburg (1FB0), Börse Hannover (1FB0), Börse München / gettex (1FB0), Tradegate Exchange (1FB0).
What was AGAC's worst fall?
Over the available history (since 2024), the maximum drawdown was -6.92%, reached in January 2025. Past performance is not indicative of future results.
How many securities does AGAC hold?
The declared portfolio holds 19,979 securities (plus 21 cash & derivative lines); the top 10 positions weigh 4.2%.
Transparency note
The data in this sheet is declared by iShares in the issuer’s official files and endpoints, collected by Rebalix with a monthly refresh; taxation derives from the issuer’s tax documents (Italian Law Decree 138/2011). This is factual information for informational purposes only: it is not financial or tax advice, nor an investment recommendation. Read the fund’s KID and prospectus before investing.