The iShares Agency Bond ETF (AGZ) is managed by BlackRock, a global leader in asset management. Established with the goal of tracking the Bloomberg U.S. Agency Bond Index, AGZ provides investors with exposure to the agency sector of the U.S. government bond market. This index consists of U.S. dollar-denominated publicly-issued government agency bonds or debentures, meeting specific criteria for investment-grade and size. With BlackRock's extensive expertise in index tracking and portfolio management, AGZ offers investors a reliable option for accessing the U.S. agency bond market, providing diversification and income potential in their investment portfolios.
The iShares Agency Bond ETF (AGZ) focuses on tracking the Bloomberg U.S. Agency Bond Index, measuring the performance of the U.S. government agency bond sector, comprising investment-grade U.S. dollar-denominated publicly-issued government agency bonds. As of February 28, 2023, the Underlying Index included 447 issues. These bonds encompass securities with direct guarantees from the U.S. government, quasi-federal corporations, and U.S. government-sponsored entities, generally benefiting from implied U.S. government involvement. AGZ's dividend distributions align with the yields generated by the bonds in the underlying index. Investors can expect periodic dividend distributions, subject to the individual dividend policies of the constituent securities. The ETF primarily invests in fixed-rate, non-convertible bonds with a minimum of $300 million outstanding face value. While the fund may not prioritize dividends, it provides an opportunity for income-seeking investors in the agency bond market.
AGZ, or the iShares Agency Bond ETF, is designed to closely mirror the performance of the Bloomberg U.S. Agency Bond Index. This index measures the performance of the agency sector of the U.S. government bond market and includes investment-grade U.S. dollar-denominated publicly-issued government agency bonds or debentures. As of February 28, 2023, the Underlying Index comprised 447 such issues. The index consists of callable and non-callable securities issued by U.S. government agencies, quasi-federal corporations, and corporate and non-U.S. debt guaranteed by the U.S. government. To be included, securities must be fixed-rate, non-convertible, and have an outstanding face value of at least $300 million. Approximately 75.53% of the total market value of bonds represented in the Underlying Index as of February 28, 2023, consisted of U.S. agency debentures issued by entities like the Federal National Mortgage Association (Fannie Mae), the Federal Home Loan Mortgage Corporation (Freddie Mac), and the Federal Home Loan Bank System. AGZ utilizes an indexing approach, aiming to replicate the performance of its benchmark rather than attempting to outperform it. The ETF primarily invests in a representative sample of securities that closely mimic the investment profile of the Underlying Index, thus seeking to provide investors with exposure to the U.S. government agency bond market while managing risk and reducing costs.
The correlation aspect of the iShares Agency Bond ETF (AGZ) is primarily tied to the performance of the Bloomberg U.S. Agency Bond Index. AGZ aims to track this index, which measures the performance of the agency sector of the U.S. government bond market, composed of investment-grade U.S. dollar-denominated publicly-issued government agency bonds or debentures. AGZ typically exhibits a strong positive correlation with the U.S. government bond market due to its index-tracking nature. Investors often use AGZ for income generation and as a relatively stable component within their fixed-income portfolios.
The iShares Agency Bond ETF (AGZ) primarily focuses on the agency sector of the U.S. government bond market. This ETF is composed of investment-grade U.S. dollar-denominated publicly-issued government agency bonds or debentures. It includes callable and non-callable securities issued by U.S. government agencies, quasi-federal corporations, and corporate and non-U.S. debt guaranteed by the U.S. government. Approximately 75.53% of the total market value of the bonds represented in the Underlying Index, as of February 28, 2023, were in the form of U.S. agency debentures issued by entities like the Federal National Mortgage Association (“Fannie Mae”), the Federal Home Loan Mortgage Corporation (“Freddie Mac”), and the Federal Home Loan Bank System. AGZ aims to provide investors with exposure to the government agency bond market while maintaining a diversified portfolio within this sector.
The exposure characteristic of the iShares Agency Bond ETF (AGZ) revolves around the U.S. government agency bond market. AGZ seeks to replicate the Bloomberg U.S. Agency Bond Index, which measures the performance of the agency sector of the U.S. government bond market, encompassing investment-grade U.S. dollar-denominated publicly-issued government agency bonds and debentures. This ETF provides investors with exposure to a diversified portfolio of government-backed securities, including those issued by entities like Fannie Mae and Freddie Mac. For more in-depth insights into AGZ''s exposure, you can utilize the ETF Insider web app, which offers comprehensive data and visualization tools to help you uncover correlations, overlaps, and more within the ETF universe.
ETF Insider is a data-driven portfolio analytics and optimization platform that introduces a more efficient and practical way to visualize, analyze and optimize portfolios.
Rather than focusing on the surface-level attributes of ETFs and Mutual Funds, ETF Insider goes deeper by examining the underlying holdings of exchange traded products.
By organizing and structuring that data, investors can easily navigate within their overlapping layers.
This innovative perspective combined with modern data visualization and modeling tools, provides an entirely new approach to portfolio optimization that can quickly expose both portfolio inefficiencies and opportunities.
5 min readIAU is an exchange-traded fund (ETF) that tracks the price of gold. As an ETF, the number of shares you own does not determine the amount of gold you possess. Instead, the value of one IAU share represents a fraction of an ounce of gold. This allows investors to gain exposure to the price of gold without physically owning or storing the metal.
4 min readCompare the PHYG and GOEX ETFs with our thorough analysis. Dive into the performance metrics, underlying assets, and investment strategies to see how they stack up against each other. Whether you're a seasoned investor or just getting started, our comparison provides valuable insights to guide your investment decisions.
5 min readThe AGZ ETF is a specialized investment fund that focuses on a specific sector. This exchange-traded fund offers investors exposure to a range of companies in this sector.
ETF Insider is a novel portfolio optimization tool that uses the power of data visualization to gain insight into portfolio compositions, concentration risks, portfolio efficiency and more. Complex financial data can be transformed into visually appealing and easily digestible graphs and charts, allowing investors to quickly identify trends and make well-informed investment decisions. Not only does this save time, but it also increases the accuracy and effectiveness of portfolio management.
