Offers advisors the convenience and simplicity
of a bond ladder within an ETF
Today, BlackRock announced plans to expand its iShares®
iBonds® ETF franchise with a suite of defined maturity bond ladder
ETFs. The iShares iBonds 1-5 Year Ladder ETFs aim to offer advisors
the convenience and simplicity of a bond ladder within an ETF.
“In 2010, BlackRock pioneered defined maturity ETFs with the
introduction of iBonds ETFs, helping advisors build bond ladders
and efficiently manage multiple client accounts,” said Karen Veraa,
Head of U.S. iShares Fixed Income Strategy at BlackRock. “The
iShares iBonds Ladder ETFs will be a seamless extension to the
iBonds franchise, seeking to provide a turnkey solution to bond
laddering while making investing easier and more affordable. This
approach will simultaneously offer advisors and their clients the
ability to manage interest rate risk, seek higher yields, and
enhance portfolio diversification.”
Fund
Name
Index Name
Ticker
Exchange
iShares® iBonds® 1-5 Year Treasury
Ladder ETF
BlackRock iBonds® 1-5 Year Treasury Ladder
Index
LDRT
NYSE Arca
iShares® iBonds® 1-5 Year TIPS
Ladder ETF
BlackRock iBonds® 1-5 Year TIPS Ladder
Index
LDRI
NYSE Arca
iShares® iBonds® 1-5 Year Corporate
Ladder ETF
BlackRock iBonds® 1-5 Year Corporate
Ladder Index
LDRC
NYSE Arca
iShares® iBonds® 1-5 Year High
Yield and Income Ladder ETF
BlackRock iBonds® 1-5 Year High Yield and
Income Ladder Index
LDRH
NYSE Arca
The iShares iBonds 1-5 Year Ladder ETF suite will consist of
four fund of funds across U.S Treasuries, investment grade, high
yield, and TIPS. The ETFs will seek to track a BlackRock index that
consists of an equal 20% allocation to five iShares iBonds ETFs in
their respective asset classes spanning five consecutive
termination years. Each index will be reconstituted and rebalanced
annually by replacing the iShares iBonds ETF that terminates in the
current year with one that terminates five years forward and
assigning equal weights to each constituent.
With over $32 billion in assets under management, the iShares
iBonds ETF franchise spans several asset classes, including U.S.
Treasuries, municipals, investment grade, high yield, and TIPS.
Since inception, BlackRock has launched 88 iShares iBonds ETFs,
with 53 still active. 1
BlackRock manages over $1 trillion in fixed income ETFs
globally, up nearly 40% since 2021.2
As of October 28, 2024, the registration statements of the Funds
are effective but not yet available to trade. BlackRock intends to
launch the Funds before the end of year.
About BlackRock
BlackRock’s purpose is to help more and more people experience
financial well-being. As a fiduciary to investors and a leading
provider of financial technology, we help millions of people build
savings that serve them throughout their lives by making investing
easier and more affordable. For additional information on
BlackRock, please visit www.blackrock.com/corporate | Twitter:
@blackrock | LinkedIn: www.linkedin.com/company/blackrock
About iShares
iShares unlocks opportunity across markets to meet the evolving
needs of investors. With more than twenty years of experience, a
global line-up of 1400+ exchange traded funds (ETFs) and $4.2
trillion in assets under management as of September 30, 2024,
iShares continues to drive progress for the financial industry.
iShares funds are powered by the expert portfolio and risk
management of BlackRock.
Carefully consider the Funds' investment objectives, risk
factors, and charges and expenses before investing. This and other
information can be found in the Funds' prospectuses or, if
available, the summary prospectuses, which may be obtained by
visiting the iShares Fund and BlackRock
Fund prospectus pages. Read the prospectus carefully before
investing.
Investing involves risk, including possible loss of
principal.
The iShares iBonds® Laddered ETFs (the Funds) are fund of funds
and seek to track the investment results of a BlackRock iBonds® 1-5
Year Ladder Index (the “Underlying Index”). The Underlying Indexes
are composed exclusively of underlying iShares iBonds ETFs (“iBonds
ETFs” or “Underlying Funds”) (as determined by BlackRock Index
Service, LLC (the “Index Provider”) that themselves seek investment
results corresponding to their own underlying indexes.
Fixed income risks include interest-rate and credit risk.
Typically, when interest rates rise, there is a corresponding
decline in the value of debt securities. Credit risk refers to the
possibility that the debt issuer will not be able to make principal
and interest payments.
Non-investment-grade debt securities (high-yield/junk bonds) may
be subject to greater market fluctuations, risk of default or loss
of income and principal than higher-rated securities.
An investment in the Fund is not insured or guaranteed by the
Federal Deposit Insurance Corporation or any other government
agency and its return and yield will fluctuate with market
conditions.
TIPS can provide investors a hedge against inflation, as the
inflation adjustment feature helps preserve the purchasing power of
the investment. Because of this inflation adjustment feature,
inflation protected bonds typically have lower yields than
conventional fixed rate bonds and will likely decline in price
during periods of deflation, which could result in losses.
Government backing applies only to government issued securities,
and does not apply to the funds.
The iShares® iBonds® Ladder ETFs will hold 5 iBonds ETFs (the
“Underlying Funds”), spanning 5 consecutive maturity years. The
Underlying Index is reconstituted each June such that the iBonds
ETF with the nearest maturity is removed from the Underlying Index
and the iBonds ETF with a five-year maturity is added. If an iBonds
ETF is not available for a given maturity year within the five-year
range, the Underlying Index will hold fewer iBonds ETF
constituents.
An investment in the Fund(s) is not guaranteed, and an investor
may experience losses, including near or at the reconstitution
date. Unlike a direct investment in a bond that has a level coupon
payment and a fixed payment at maturity, the Fund(s) will make
distributions of income that vary over time. In the final months of
each Underlying Funds’ operation, as the bonds it holds mature, its
portfolio will transition to cash and cash-like instruments. As a
result, its yield will tend to move toward prevailing money market
rates, and may be lower than the yields of the bonds previously
held by the Underlying Fund and lower than prevailing yields in the
bond market.
The Funds’ distributions and liquidation proceeds are not
predictable at the time of investment and the Funds do not seek to
return any predetermined amount. The rate of Fund distribution
payments may adversely affect the tax characterization of an
investor’s returns from an investment in the Fund relative to a
direct investment in bonds. If the amount an investor receives as
liquidation proceeds upon the Fund’s termination is higher or lower
than the investor’s cost basis, the investor may experience a gain
or loss for tax purposes.
Investment in a fund of funds is subject to the risks and
expenses of the underlying funds.
Funds that concentrate investments in specific industries,
sectors, markets or asset classes may underperform or be more
volatile than other industries, sectors, markets or asset classes
and than the general securities market.
The Funds are distributed by BlackRock Investments, LLC
(together with its affiliates, “BlackRock”).
The iShares Funds are not sponsored, endorsed, issued, sold or
promoted by BlackRock Index Services, LLC,
© 2024 BlackRock, Inc. or its affiliates. All Rights Reserved.
BLACKROCK and iSHARES are trademarks of BlackRock,
Inc. or its affiliates. All other trademarks are those of their
respective owners.
________________________
1
BlackRock, as of October 2024.
2
BlackRock, as of September 30, 2024.
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version on businesswire.com: https://www.businesswire.com/news/home/20241029535253/en/
MEDIA: Jenna Merchant Jenna.merchant@blackrock.com
929-348-0152
Catherine Sperl Catherine.sperl@blackrock.com
631-951-1599
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