Prepared by BlackRock Investments, LLC, member FINRA. 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 Fund and lower than prevailing yields in the bond market. In the final months of each Fund's operation, its portfolio will transition to cash and cash-like instruments. An investment in the Fund(s) is not guaranteed, and an investor may experience losses and/or tax consequences, including near or at the termination date. The iShares ® iBonds ® ETFs (“Funds”) will terminate within the month and year in each Fund’s name. Shares of ETFs trade at market price, which may be greater or less than net asset value.
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. 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. Credit risk refers to the possibility that the bond issuer will not be able to make principal and interest payments. Typically, when interest rates rise, there is a corresponding decline in bond values. Investing involves risk, including possible loss of principal.įixed income risks include interest-rate and credit risk. This and other information can be found in the Funds' prospectuses or, if available, the summary prospectuses which may be obtained by visiting or Read the prospectus carefully before investing. iShares funds are powered by the expert portfolio and risk management of BlackRock.Ĭarefully consider the Funds' investment objectives, risk factors, and charges and expenses before investing. With more than twenty years of experience, a global line-up of 900+ exchange traded funds (ETFs) and $2.62 trillion in assets under management as of September 30, 2022, iShares continues to drive progress for the financial industry. IShares unlocks opportunity across markets to meet the evolving needs of investors. For additional information on BlackRock, please visit About iShares 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. IShares iBonds+ETFs, across treasuries, municipal bonds and both investment-grade and high-yield corporate credit remain available to investors with maturation dates ranging from 2023 to 2032.īlackRock’s purpose is to help more and more people experience financial well -being. Shareholders will receive their proceeds from liquidations on or around the listed liquidation dates, based on their brokerage’s processes. Leading up to the ETF’s final distribution date, the bonds held by iBonds ETFs mature, and the ETF transitions into cash and cash equivalents. IBonds cease trading by design, because they mature during a specific maturity window like an individual bond. IShares ® iBonds ® Dec 2022 Term Treasury ETF IShares ® iBonds ® 2022 Term High Yield and Income ETF IShares ® iBonds ® Dec 2022 Term Corporate ETF BlackRock announced today the planned termination of three 2022 iShares iBonds ETFs with the following timelines for trading, net-asset value (NAV) circulation and expected liquidation:
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