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AOA

GradeANew York Stock Exchange Arca

iShares Core 80/20 Aggressive Allocation ETF

Multi-Asset & Alternatives · IShares · Inception 2008-11-03 · SEC filings

$98.20−0.98 (−0.99%)

As of Sep 23, 2026, 2:20 PM EDT

Intraday session: down, 59 prints from 99.18 to 98.20. Range 97.97 to 98.81. Use the arrow keys to read each point.$98.00$98.40$98.60$98.8010 AM12 PM2 PM4 PM
Expense ratio
0.19%
Fund size
$3.3B
1Y return
+15.1%
Yield · Last 12 months
2.08%
Volume · 30D
0.1M sh
NAV per share
$99.02
52W range
low $85.90high $100.03

The ETF.net AOA Grade

A

87/ 100

Rank 3 of 38 in Multi-Asset Allocation⁠

Confidence High

Six-pillar profile for AOA. Scores out of 100: Cost 95, Risk 55, Mission 100, Tradability 88, Holdings 78, Durability 97. Strongest: Mission (100). Weakest: Risk (55). No single pillar leads.
F< 25
D≥ 25
C≥ 40
B≥ 55
A≥ 70

Score 87 of 100 sits in the A band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.

  • Cost

    What you pay to own it — the expense ratio plus trading frictions, ranked within its category.
    AScore 95
    Category rank3/38 · top 8%

  • Mission

    How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.
    AScore 100
    Category rank1/30 · top 3%

  • Risk

    How violently it can move — volatility, drawdown depth, and downside capture versus its category.
    BScore 55
    Category rank17/36 · top 47%

  • Tradability

    How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.
    AScore 88
    Category rank2/38 · top 5%

  • Holdings

    What it actually owns — the quality, breadth, and concentration of the underlying portfolio.
    AScore 78
    Category rank5/34 · top 15%

  • Durability

    Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.
    AScore 97
    Category rank1/38 · top 3%

Graded as of Sep 22, 2026

Our read on AOA

ETF.net Research

AOne ticker, one whole portfolio. AOA holds a basket of iShares stock and bond funds pinned near 80% equities, tracking S&P's aggressive target-risk index since 2008.

Stated mandate

The Fund seeks to follow an index of equity and fixed-income ETFs designed for an aggressive target-risk allocation. It offers a diversified portfolio emphasizing growth and relatively higher equity exposure.

Why people hold it

  1. 010.19% a year, against a category median closer to 0.78%. The rebalancing and the diversification come with it.
  2. 02Does exactly what the label says: it has hugged the S&P Target Risk Aggressive Index closely, with no style drift to police.ishares.com
  3. 03Running since 2008 with billions in assets behind it, and one of the strongest builds in its allocation peer group.

Worth knowing

  1. 01Eighty percent equities means it moves with the stock market. The bond sleeve cushions the ride, it does not insulate it.
  2. 02The mix stays aggressive by design. Unlike a target-date fund such as IRTR, it never glides toward bonds over time.
  3. 03Distributions land quarterly, and income is a byproduct of the allocation rather than the point of it.

AOA Holdings

As of Sep 22, 2026, 3:25 AM
Asset class
Other
Holdings
—
Top-10 weight
18%
Largest holding
NVDA3.8%

Sectors

  • Technology30.0%
  • Financials16.7%
  • Industrials11.2%
  • Consumer Discr.8.8%
  • Health Care8.5%
  • Communication7.3%
  • Cons. Staples4.6%
  • Materials4.2%
  • Energy4.1%
  • Utilities2.4%
  • Real Estate2.2%

Geography

  • United States64.33%
  • Japan5.54%
  • United Kingdom3.11%
  • Canada2.92%
  • Taiwan (Province of China)2.50%
  • China2.03%
  • Switzerland1.95%
  • Korea (the Republic of)1.85%
  • Other countries (54)15.77%

Developed 71% · Emerging 29% of the foreign sleeve

The fund’s holdings, weight-ordered — page 1 of 2235.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001NVDANVIDIA3.76%555,444$123M828
002AAPLAPPLE3.43%334,969$113M707
003MSFTMICROSOFT2.56%170,433$84M792
004AMZNAMAZON.COM INC1.74%225,288$57M720
005GOOGLALPHABET CLASS A1.43%134,685$47M704
0062330.TWTAIWAN SEMICONDUCTOR MANUFACTURING1.21%511,754$40M175
007AVGOBROADCOM INC1.19%109,197$39M732
008GOOGALPHABET CLASS C1.14%109,097$38M471
009METAMETA PLATFORMS CLASS A1.03%50,613$34M683
010MUMICRON TECHNOLOGY0.80%25,922$26M655
011TSLATESLA INC0.72%64,685$24M509
012BRK-BBERKSHIRE HATHAWAY INC CLASS B0.66%42,747$22M359
013JPMJPMORGAN CHASE & CO0.65%61,011$21M478
014LLYELI LILLY0.65%18,365$21M569
015AMDADVANCED MICRO DEVICES0.64%37,469$21M618

Showing 1–15 of 33512 holdings

AOA Performance

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

AOA$11,511
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,723
Sep 22, 2025 to Sep 22, 2026. AOA $11,511. SPY $11,723. Use the arrow keys to read each point.$9,353$10,646$11,940Sep 2025Mar 2026Sep 2026

Sep 22, 2025 – Sep 22, 2026

Returns run to the Sep 22, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.

Trailing total return for AOA. Periods over one year show the average yearly return.
PeriodAOA
Year to date+11.9%
1 month+0.2%
3 months+1.8%
1 year+15.1%
3 years+18.3%per year
5 years+9.3%per year
10 years+10.2%per year

As of the close, with distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for AOA
YearReturn barAOA
2026 YTD+11.9%
2025+19.6%
2024+13.5%
2023+18.3%
2022−16.2%
2021+15.4%
2020+12.8%

AOA in the news

ETF.net Research hasn’t filed on AOA yet — coverage lands here as it’s written.

AOA Dividends

Adds up every distribution paid per share over the last 12 months, divided by the last completed close. Distributions are counted by ex-date. Data through Sep 22, 2026.
2.08%Last 12 months
Payout per share
$2.06Last 12 months
Last payment
$0.68 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Quarterly

Distribution history

2017–2026

One bar per payment. 38 payments from 2017 to 2026 YTD. Apr 4, 2017 $0.13; Jul 6, 2017 $0.40; Oct 3, 2017 $0.16; Dec 28, 2017 $2.06; Apr 3, 2018 $0.15; Jul 3, 2018 $0.48; Oct 2, 2018 $0.17; Dec 28, 2018 $0.35; Apr 2, 2019 $0.18; Jul 2, 2019 $0.55; Oct 2, 2019 $0.18; Dec 24, 2019 $0.54; Apr 2, 2020 $0.16; Jul 2, 2020 $0.36; Oct 2, 2020 $0.16; Dec 24, 2020 $0.42; Apr 5, 2021 $0.11; Jul 2, 2021 $0.38; Oct 4, 2021 $0.15; Dec 23, 2021 $0.57; Apr 4, 2022 $0.17; Jul 5, 2022 $0.51; Oct 4, 2022 $0.20; Dec 23, 2022 $0.38; Apr 4, 2023 $0.18; Jul 5, 2023 $0.50; Oct 3, 2023 $0.22; Dec 22, 2023 $0.63; Apr 2, 2024 $0.21; Jul 2, 2024 $0.55; Oct 2, 2024 $0.27; Dec 20, 2024 $0.74; Apr 2, 2025 $0.22; Jul 2, 2025 $0.62; Oct 2, 2025 $0.25; Dec 23, 2025 $0.86; Apr 2, 2026 $0.28; Jul 2, 2026 $0.68. Use the arrow keys to read each point.2017201820192020202120222023202420252026YTD
Ex-datePay dateAmount per share
Jul 2, 2026Jul 8, 2026$0.68
Apr 2, 2026Apr 8, 2026$0.28
Dec 23, 2025Dec 29, 2025$0.86
Oct 2, 2025Oct 7, 2025$0.25
Jul 2, 2025Jul 8, 2025$0.62
Apr 2, 2025Apr 7, 2025$0.22
Dec 20, 2024Dec 26, 2024$0.74
Oct 2, 2024Oct 7, 2024$0.27
Jul 2, 2024Jul 8, 2024$0.55
Apr 2, 2024Apr 8, 2024$0.21
Dec 22, 2023Dec 29, 2023$0.63
Oct 3, 2023Oct 10, 2023$0.22

AOA Risk

How much the fund’s monthly returns vary, scaled to a year.
10.2%
Annualised · 36 months to Aug 2026
How it’s calculated: standard deviation

The sample standard deviation of monthly total returns, multiplied by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.

Return above 3-month US Treasury bills per unit of volatility.
1.16
vs 3-month T-bills · to Aug 2026
How it’s calculated: Sharpe ratio

Subtract each month’s Treasury-bill return from the fund’s monthly total return.

Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.

The largest fall from a peak to the low that followed.
−23.6%
Trough Oct 2022
How it’s calculated: maximum drawdown

The largest percentage decline from an earlier peak, using total returns with reinvested distributions.

Uses up to five years through the last close, with at least 12 months required.

How strongly the fund’s returns move with its asset-class index.
1.09
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

AOA Cost

Expense ratio0.19%
  • The middle half of Multi-Asset Allocation funds
  • Median 0.58%

2 of the 37 Multi-Asset Allocation funds charge less.

AOA costs $19.00 a year on $10,000. The median Multi-Asset Allocation fund costs $58.00.