iShares Core Composite Bond ETF

The iShares Core Composite Bond ETF is a fixed income exchange traded fund designed to track the performance of the Bloomberg AusBond Composite 0+ Yr Index before fees and expenses. This index is a broad benchmark for the Australian bond market, encompassing a diversified range of investment grade fixed-rate securities issued by the Australian government, semi-government agencies, supranational organizations, and corporate issuers. All underlying bonds are denominated in Australian dollars and span a wide range of maturities, offering investors access to a comprehensive cross-section of the nation’s debt market. The fund's primary purpose is to provide cost-effective and passive exposure to the Australian fixed income sector, making it suitable for portfolio diversification and income generation through regular distributions. It is managed by BlackRock Investment Management (Australia) Limited, leveraging their expertise in index-tracking strategies. The ETF’s holdings are restricted to investment grade bonds, typically rated between AAA and BBB by major credit agencies, smoothing risk while targeting broad market representation. Its role in the market is significant, as it facilitates easy and liquid access to Australia’s core bond market for both institutional and retail investors, supporting efficient asset allocation and risk management.