SAAA
•
Fixed Income
ISHARES GLOBAL AAA-AA GOVT BOND UCITS ETF USD (DIST)
TER (bps):
20
AUM (USD m):
133
ISIN:
IE00B87G8S03
Domicile:
Ireland
Share Class Currency:
USD
ESG:
No
Geographical Focus:
Global
As of:
08 Nov 2024
Climate Fund:
No
Benchmark
The Bloomberg Global Government AAA-AA Capped Bond Index measures the performance of local currency bonds issued by governments of developed countries worldwide. The bonds will have a minimum average credit rating of Aa3 by Moody’s, AA- by S&P and/or AA- by Fitch, the leading credit rating agencies. The maximum market value weight for a country with government debt rated AAA (or its equivalent) is capped at 20%, while a country with government debt rated AA (or its equivalent) is capped at 10%. Any market value weight in excess of the relevant cap is redistributed pro rata among the government debt issues of the remaining countries, subject to the above caps.
PERFORMANCE
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