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October 23, 2018 – iShares Product Launch

Introducing the iShares ESG U.S. Aggregate Bond ETF

Sustainable investing is no longer a niche strategy. Global sustainable fund assets are nearing $800bn1 and clients are interested in investment options and implementation. ETF’s provide easily accessible and affordable options, allowing investors to take a transparent approach to sustainable investing. Consider the iShares Sustainable Core ETFs to easily build low cost sustainable portfolios. The iShares Sustainable Core ETF suite seeks to achieve a more sustainable outcome without sacrificing performance, enabling you to easily build a low-cost portfolio with broad exposures across stocks and bonds.

We are excited to announce the launch of the iShares ESG U.S. Aggregate Bond ETF (EAGG) which offers investors the ability to seek both purpose and performance in a portfolio. EAGG is a low-cost way to access an optimized exposure to bonds from issuers with positive environmental, social and governance characteristics while exhibiting similar risk and return characteristics to the broad U.S. investment grade universe.

Why EAGG?

  • Exposure to U.S. investment grade bonds from issuers with positive environment, social and governance (ESG) characteristics.
  • Seek stability and income in a portfolio with similar risk and return to the Bloomberg Barclays U.S. Aggregate Bond Index.
  • Use as a low cost way to align purpose and performance goals at the core of a portfolio.
Fund NameTickerNet Expense RatioIndex Name
iShares ESG U.S. Aggregate Bond ETF EAGG 0.10% Bloomberg Barclays MSCI US Aggregate ESG Focus Index


1 BlackRock. Cerulli Associates, April 2018



September 20, 2018 – iShares Product Launch

iShares iBonds Dec 2028 Term Corporate ETF

We are pleased to announce the launch of the iShares iBonds Dec 2028 Term Corporate ETF (ticker: IBDT) launching today, September 20, 2018. The Fund seeks to track the investment results of an index composed of U.S. dollar-denominated, investment-grade corporate bonds maturing in 2028. The fund will terminate on or around December 31, 2028.

Why IBDT?

  1. Exposure to investment grade corporate bonds that mature between January 1, 2028 and December 31, 2028
  2. Combine the defined maturity and regular income distribution characteristics of a bond with the transparency and tradability of a stock
  3. Use to seek income, build a bond ladder, and manage interest rate risk
TickerFund NameExpense RatioIndex Name
IBDT iShares iBonds Dec 2028 Term Corporate ETF 0.10% Bloomberg Barclays December 2028 Maturity Corporate Index


June 26, 2018 – iShares Product Launch

iShares Robotics and Artificial Intelligence ETF

iShares is pleased to announce the launch of iShares Robotics and Artificial Intelligence ETF (ticker: IRBO), which seeks to track the investment results of the NYSE FactSet Global Robotics and Artificial Intelligence Index. The index is an equity benchmark composed of developed and emerging market companies that can benefit from the long-term growth and innovation in robotics technologies and artificial intelligence.

Why IRBO?

  1. Exposure to companies at the forefront of robotics and artificial intelligence innovation
  2. Global portfolio with equal-weighted access to companies across the robotics and AI value chain
  3. Seek long-term growth with companies that can shape the global economic future
Fund NameTickerCUSIPBenchmark NameExpense RatioExchange
iShares Robotics and Artificial Intelligence ETF IRBO 46435U556 NYSE FactSet Global Robotics and Artificial Intelligence Index 0.47% NYSE
Arca


June 6, 2018 – iShares Product Launch

iShares Gold Strategy ETF

iShares is pleased to announce the launch of iShares Gold Strategy ETF (ticker: IAUF), which seeks to provide exposure, on a total return basis, to the price performance of gold.

Why IAUF?

  1. Exposure to the price performance of gold
  2. Designed to simplify tax filings as the fund does not require K-1 tax reporting
  3. Use to diversify your portfolio and to potentially protect against inflation
Fund NameTickerCUSIPReference Benchmark1Expense Ratio2Exchange
iShares Gold Strategy ETF (Active) IAUF 46431W614 Bloomberg Composite Gold Index 0.25% CBOE


1 The Fund is an actively managed exchange-traded fund and does not seek to replicate the performance of a specified benchmark. While the fund is not an index fund, the Fund's investment strategy seeks to maximize correlation with the Bloomberg Composite Gold Index. Actively managed funds may have higher portfolio turnover than index funds.

2 Net expense ratio shown. BlackRock Fund Advisors (“BFA”), the investment adviser to the fund and an affiliate of BlackRock Investments, LLC, has contractually agreed to waive a portion of its management fees through February 29, 2024. Gross expense ratio is 0.31 percent.



May 10, 2018 – iShares Product Launch

iShares Inflation Hedged Corporate Bond ETF

iShares is pleased to announce the launch of iShares Inflation Hedged Corporate Bond ETF (ticker: LQDI), seeks to mitigate the inflation risk of a portfolio composed of U.S. dollar-denominated, investment grade corporate bonds.

Why LQDI?

  1. Holds shares of the iShares iBoxx $ Investment Grade Corporate Bond ETF (LQD) and positions in inflation swaps
  2. Actively managed to a rules based strategy that seeks to mitigate inflation risk
  3. Use to seek protection from rising inflation while capturing income from investment grade bonds
Fund NameTickerCUSIPExpense RatioExchange
iShares Inflation Hedged Corporate Bond ETF LQDI 46431W580 0.20%* CBOE


April 12, 2018 – iShares Product Launch

iShares MSCI USA Small-Cap ESG Optimized ETF

iShares is pleased to announce the launch of iShares MSCI USA Small-Cap ESG Optimized ETF (ticker: ESML), which seeks to track the investment results of the MSCI USA Small Cap Extended ESG Focus Index, which is composed of small-capitalization U.S. companies that have positive environmental, social and governance characteristics as identified by the index provider while exhibiting risk and return characteristics similar to those of the parent index, the MSCI USA Small Cap Index.

Why ESML?

  1. Exposure to U.S. companies that have infrastructure exposure and that could benefit from a potential increase in domestic infrastructure activities
  2. Equal-weighted exposure across the infrastructure value chain, from asset owners and operators to their upstream enablers
  3. Use to express a sector view
Fund NameTickerCUSIPBenchmarkExpense RatioExchange
iShares MSCI USA Small-Cap ESG Optimized ETF ESML 46435U663 MSCI USA Small Cap Extended ESG Focus Index 0.17% NASDAQ


April 5, 2018 – iShares Product Launch

iShares Bloomberg Roll Select Commodity Strategy ETF

iShares is pleased to announce the launch of iShares Bloomberg Roll Select Commodity Strategy ETF (ticker: CMDY), which seeks to provide exposure, on a total return basis, to a diversified group of commodities.

Why CMDY?

  1. Exposure to 20 different commodities, including agriculture, energy, and metals through futures
  2. Designed to simplify tax filings as the fund does not require K-1 tax reporting
  3. Use to diversify your portfolio and to potentially protect against inflation
Fund NameTickerCUSIPIndex NameExpense RatioExchange
iShares Bloomberg Roll Select Commodity Strategy ETF CMDY 46431W598 CMDY is an active fund that seeks to maximize the correlation with the Bloomberg Roll Select Commodity Total Return Index 0.28% NYSE ARCA


April 5, 2018 – iShares Product Launch

iShares U.S. Infrastructure ETF

iShares is pleased to announce the launch of iShares U.S. Infrastructure ETF (ticker: IFRA), which seeks to track the investment results of the NYSE FactSet U.S. Infrastructure Index which is a broad based index composed of equities of U.S. companies that have infrastructure exposure and that could benefit from a potential increase in domestic infrastructure activities.

Why IFRA?

  1. Exposure to U.S. companies that have infrastructure exposure and that could benefit from a potential increase in domestic infrastructure activities
  2. Equal-weighted exposure across the infrastructure value chain, from asset owners and operators to their upstream enablers
  3. Use to express a sector view
Fund NameTickerCUSIPIndex NameExpense RatioExchange
iShares U.S. Infrastructure ETF IFRA 46435U713 NYSE FactSet U.S. Infrastructure Index 0.40% CBOE


March 23, 2018 – iShares Product Launch

iShares U.S. Evolved Sector ETFs

Effective March 23rd, iShares is pleased to announce the launch of seven new funds. The iShares U.S. Evolved Sector ETFs.

Why iShares U.S. Evolved Sector ETFs?

  1. Applies data science approach to provide exposure to the healthcare staples sector
  2. Employs machine learning techniques to determine which companies fit in the healthcare staples sector
  3. Use to seek diversification through sector exposure or to express a sector view
Fund NameTickerCUSIPInvestment ObjectiveExpense RatioExchange
iShares Evolved U.S. Discretionary Spending ETF IEDI 46431W663 The fund seeks to provide exposure to U.S. companies with similar business drivers to traditionally defined consumer discretionary companies. 0.18% CBOE BZX
iShares Evolved U.S. Consumer Staples ETF IECS 46431W671 The fund seeks to provide exposure to U.S. companies with similar business drivers to traditionally defined consumer staples companies. 0.18% CBOE BZX
iShares Evolved U.S. Financials ETF IEFN 46431W655 The fund seeks to provide exposure to U.S. companies with similar business drivers to traditionally defined financial companies. 0.18% CBOE BZX
iShares Evolved U.S. Healthcare Staples ETF IEHS 46431W689 The fund seeks to provide exposure to U.S. companies with similar business drivers to traditionally defined healthcare companies. 0.18% CBOE BZX
iShares Evolved U.S. Innovative Healthcare ETF IEIH 46431W622 The fund seeks to provide exposure to U.S. companies with similar business drivers to traditionally defined healthcare companies. 0.18% CBOE BZX
iShares Evolved U.S. Media and Entertainment ETF IEME 46431W630 The fund seeks to provide exposure to U.S. companies with similar business drivers to traditionally defined media companies. 0.18% CBOE BZX
iShares Evolved U.S. Technology ETF IETC 46431W648 The fund seeks to provide exposure to U.S. companies with similar business drivers to traditionally defined technology companies. 0.18% CBOE BZX


March 21, 2018 – iShares Product Launch

iShares iBonds Dec 2024 Term Muni Bond ETF

iShares is pleased to announce the launch of the iShares iBonds Dec 2024 Term Muni Bond ETF (ticker: IBMM), which seeks to track the investment results of an index composed of investment-grade U.S. municipal bonds maturing after December 31, 2023 and before December 2, 2024.

Why IBMM?

  1. Exposure to investment grade municipal bonds that mature in 2024
  2. Combine the defined maturity and regular income distribution characteristics of a bond with the transparency and tradability of a stock
  3. Use to seek tax-exempt income, build a bond ladder, and manage interest rate risk
Fund NameTickerCUSIPInvestment ObjectiveExpense RatioExchange
iShares iBonds Dec 2024 Term Muni Bond IBMM 02S997920 S&P AMT-Free Municipal Series Dec 2024 Index 0.18% BATS


November 9, 2017 – iShares Product Launch

iShares U.S. Dividend and Buyback ETF

iShares is pleased to announce the launch of the iShares U.S. Dividend and Buyback ETF (ticker: DIVB), which seeks to track the investment results of an index composed of U.S. stocks with a history of dividend payments and/or share buybacks. DIVB is the only ETF that captures direct exposure to U.S. companies that may only have buyback programs, in addition to companies that have both buyback and dividend programs.

Why DIVB:

    1. Invest in U.S. companies that return capital to shareholders through paying dividends and/or buying back their stock
    2. Both dividends and stock buybacks are proven drivers of long-term stock returns1
    3. Use to seek greater income and potential growth within a portfolio
Fund NameTickerExpense RatioIndex NameExchange
iShares U.S. Dividend and Buyback ETF DIVB 0.25% Morningstar US Dividend and Buyback Index Cboe BZX

1 Philip U. Straehl and Roger G. Obbotson, “The Long-Run Drivers of Stock Returns: Total Payouts and the Real Economy”, Financial Analysts Journal, Third Quarter 2017, Vol. 73, No. 3


October 25, 2017 – iShares Product Launch

iShares Broad USD High Yield Corporate Bond ETF

iShares is pleased to announce the launch of the iShares Broad USD High Yield Corporate Bond ETF (ticker: USHY), which seeks to track the investment results of an index composed of U.S. dollar-denominated, high yield corporate bonds.

Why USHY:

    1. Offers high yield bond market exposure that is broader than any other ETF1
    2. Low cost high yield bond ETF
    3. Use to complement core fixed income holdings to enhance portfolio income and performance potential

1Source: BlackRock, as of 9/29/2017. Compares U.S.-domiciled high yield bond ETFs, based on the number of positions and issuers in the indexes that these ETFs seek to track.

For more details, please reference the chart below as well as the product brief.

Current Fund NameTickerExpense RatioIndex NameExchange
iShares Broad USD High Yield Corporate Bond ETF USHY 0.22% BofA Merrill Lynch U.S. High Yield Constrained Index BATS


September 14, 2017 – iShares Product Launch

BlackRock announces the launch of three new ETFs

iShares is pleased to announce the launch of the iShares 5-10 Year Investment Grade Corporate Bond ETF (ticker: MLQD) and the iShares 10+ Year Investment Grade Corporate Bond ETF (ticker: LLQD). Both funds seek to track the investment results of an index composed of U.S. dollar-denominated, investment-grade corporate bonds with remaining maturities between five and ten years and maturities greater than ten years, respectively. iShares offers low-cost investment grade corporate bond ETFs that help investors manage interest rate risk by targeting one of the three major sections of the yield curve.

Additionally, we are adding to our iBonds® suite with the launch of the iShares iBonds Dec 2027 Term Corporate ETF (ticker: IBDS). This fund is the 10th in the series and seeks to track the Barclays December 2027 Maturity Corporate Index, which is designed to reflect the performance of the U.S. dollar denominated, taxable, investment grade corporate bonds scheduled to mature after December 31, 2026 and before January 1, 2028.

Why IBDS?

  1. Exposure to investment grade corporate bonds that mature between January 1, 2027 and December 15, 2027
  2. Combine the defined maturity and regular income distribution characteristics of a bond with the transparency and tradability of a stock
  3. Use to seek income, build a bond ladder and manage interest rate risk

For more details regarding all funds listed above, please reference the tables below.

Current Fund NameTickerExpense RatioIndex NameExchange
iShares 5-10 Year Investment Grade Corporate Bond ETF MLQD 0.06% Markit iBoxx USD Liquid Investment Grade Intermediate Index BATS
iShares 10+ Year Investment Grade Corporate Bond ETF LLQD 0.06% Markit iBoxx USD Liquid Investment Grade Long Index BATS
iShares iBonds Dec 2027 Term Corporate ETF IBDS 0.10% Bloomberg Barclays December 2027 Maturity Corporate Index NYSE Arca


August 10, 2017 – iShares Product Launch

iShares Russell 1000 Pure U.S. Revenue ETF

iShares is pleased to announce the launch of the iShares Russell 1000 Pure U.S. Revenue ETF (ticker: AMCA). The fund seeks to track the investment results of the Russell 1000 Pure Domestic Exposure Index, which is composed of U.S. companies exhibiting higher domestic sales as a proportion of the company’s total sales relative to other large- and mid-capitalization U.S. equities.

Why AMCA:

    1. Invests in American companies that generate 85% or more of their sales in the U.S.
    2. Exposure to companies that could benefit from U.S. growth while remaining more insulated from international political and economic events such as foreign elections, tariffs and currency fluctuations.
    3. Use to express a more focused view on U.S. stocks
Current Fund NameTickerExpense RatioIndex NameExchange
iShares Russell 1000 Pure U.S. Revenue ETF AMCA 0.15% Russell 1000 Pure Domestic Exposure Index NASDAQ


July 20, 2017 – iShares Product Launch

iShares MSCI Argentina and Global Exposure ETF

iShares is pleased to announce the launch of the iShares MSCI Emerging Markets ex China ETF (ticker: EMXC). The fund provides broad access to emerging markets while maintaining flexibility for a tailored approach to investing in China. Investors can pair EMXC with iShares’ range of dedicated China ETFs to customize their exposure to China within their emerging markets allocation.

Why EMXC:

      1. Invests in stocks from emerging markets countries (excluding those from China)
      2. Seek long-term growth and international diversification
      3. Used to access emerging markets while maintaining flexibility for a tailored approach to investing in China
Current Fund NameTickerExpense RatioIndex NameExchange
iShares MSCI Emerging Markets ex China ETF EMXC 0.49%* MSCI Emerging Markets ex China Index NASDAQ

* Net expense ratio shown reflects contractual fee waiver in place until 12/31/22. Gross expense ratio is 0.58%.

July 13, 2017 – iShares Product Launches

iShares ESG bond and iShares Smart Beta bond ETFs

Effective July 13th, iShares is pleased to announce the launch of four new funds. Two ESG bond ETFs and two Smart Beta bond ETFs.

ESG:

      • iShares ESG USD Corporate Bond ETF (ticker: SUSC)
      • iShares ESG 1-5 Year USD Corporate Bond ETF (ticker: SUSB)

Smart Beta:

      • iShares Edge High Yield Defensive Bond ETF (ticker: HYDB)
      • iShares Edge Investment Grade Enhanced Bond ETF (ticker: IGEB)
Fund NameTickerExpense RatioIndex NameExchange
iShares ESG USD Corporate Bond ETF SUSC 0.18% Bloomberg Barclays MSCI US Corporate ESG Focus Index BATS
iShares ESG 1-5 Year USD Corporate Bond ETF SUSB 0.12% Bloomberg Barclays MSCI US Corporate 1-5 Year ESG Focus Index BATS

 

Fund NameTickerExpense RatioIndex NameExchange
iShares Edge High Yield Defensive Bond ETF HYDB 0.35% BlackRock High Yield Defensive Bond Index BATS
iShares Edge Investment Grad Enhanced Bond ETF IGEB 0.18% BlackRock Investment Grade Enhanced Bond Index BATS


July 7, 2017 – iShares Product Launch

iShares Russell 2500 ETF

We are excited to announce the launch of the iShares Russell 2500 ETF (SMMD). The Russell 2500 Index is a leading index designed to track the small- and mid-cap segment of the US equity market. As such SMMD will represent approximately 19% of the total market capitalization of the Russell 3000® Index.

At inception, SMMD will seek to achieve its investment objective by investing a substantial portion of its assets in the iShares Russell 2000 ETF (IWM). In addition to investing in the underlying securities and the fund (IWM), SMMD may lend securities representing up to one-third of the fund’s total assets (including the value of received collateral).

Why SMMD:

      1. Exposure to the small- and mid-cap segment of the US equity market (19% of the Russell 3000).
      2. The Russell 2500 index family is the primary benchmark for most active small- and mid-cap managers in US with an estimated 43% of total exposure.1
      3. Net expense ratio 15bps.
      4. Underlying fee on assets invested in IWM will be waived.
FundTickerExpense RatioIndex NameExchange
iShares Russell 2500 ETF SMMD* 0.15% Russell 2500 Index BATS

1 Morningstar institutional category classifications
* Net expense ratio reflect contractual fee waiver in place until 7/31/22. Gross expense ratio is 0.24%.

April 27, 2017 – iShares Product Launch

iShares MSCI Argentina and Global Exposure ETF

We are excited to announce the launch of the iShares MSCI Argentina and Global Exposure ETF (ticker: AGT). Argentina is South America’s second largest economy1, partly due to its robust commodity exports, including energy and agricultural products. Investing outside the U.S. can provide investor’s portfolios with growth and diversification potential. iShares offers the broadest range of country ETFs2, allowing investors to go from idea to investment in a single trade.

Why AGT:

      1. Currently the second largest economy in South America1, Argentina has recently implemented policies to make its market friendlier to foreign investors
      2. Lowest cost ETF which provides broad access to stocks with exposure to Argentina3
      3. Express a country view to seek growth
FundTickerExpense RatioIndex NameExchange
iShares MSCI Argentina and Global Exposure ETF AGT 0.59% MSCI All Argentina 25/50 Index BATS

1 World Bank. Based on 2015 GDP.
2 Morningstar, as of 12/31/16. Based on 64 US-domiciled country ETFs and 41 individual country exposures.
3 Morningstar, as of 3/31/17.


April 13, 2017 – iShares Product Launch

iShares® iBonds® Dec 2023 Term Muni Bond ETF

We’re are pleased to announce the launch of the iShares iBonds Dec 2023 Term Muni Bond ETF (ticker: IBML).

iBonds ETFs offer investors an easier way to build and maintain bond ladders. iBonds are designed to:

      • Matures, like a bond. Investment grade bond portfolios with a specified maturity date. Investors are exposed to less interest rate risk over time as iBonds ETFs approach maturity.
      • Trades, like a stock. iBonds ETFs trade throughout the day on the exchange, so you are not subject to trading in the over-the-counter (OTC) bond market.
      • Diversify, like a fund. Exposure to hundreds of bonds in a single fund
Fund NameTickerExpense RatioExchangeIndex Name
iShares iBonds Dec 2023 Term Muni Bond ETF IBML 0.18% BATS S&P AMT-Free Municipal Series Dec 2023 Index

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Due Diligence Team

Dominic Maister

Dominic Maister
Managing Director

212-810-8557
Email

Grant Einhorn

Grant Einhorn
Director

415-670-4634
Email

Kathryn Bernhardt

Kathryn Bernhardt
Director

212-810-8218
Email

Craig Dehner

Craig Dehner
Director

415-670-6810
Email

Sara Prager

Sara Prager
Vice President

646-231-1984
Email

Avyay Gollabinnie

Avyay Gollabinnie
Associate

415-670-2956
Email

Lauren Miller

Lauren Miller
Associate

646-231-0304
Email

Alex Dorado

Alex Dorado
Associate

415-670-2084
Email

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The Blog

Searching for Yield Down Under

The persistence of low yields has had investors searching for income high and low for a while now. Recently, investors are expanding their hunt to some less than obvious places.

Bond Buyers Guide to ETFs

Must read! Our new favorite resource is a comprehensive guide for investors using bond ETFs. From basic to advanced content, we expect this to be a terrific resource for all ETF due diligence professionals.

Download the Bond Buyers Guide to ETFs

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 Funds are distributed by BlackRock Investments, LLC (together with its affiliates, “BlackRock”).

The iShares Funds are not sponsored, endorsed, issued, sold or promoted by Barclays, Bloomberg Finance L.P., BlackRock Index Services, LLC, Cohen & Steers Capital Management, Inc., European Public Real Estate Association (“EPRA® ”), FTSE International Limited (“FTSE”), ICE Data Services, LLC, India Index Services & Products Limited, JPMorgan Chase & Co., Japan Exchange Group, MSCI Inc., Markit Indices Limited, Morningstar, Inc., The NASDAQ OMX Group, Inc., National Association of Real Estate Investment Trusts (“NAREIT”), New York Stock Exchange, Inc., Russell or S&P Dow Jones Indices LLC. None of these companies make any representation regarding the advisability of investing in the Funds. With the exception of BlackRock Index Services, LLC, who is an affiliate, BlackRock Investments, LLC is not affiliated with the companies listed above.


Neither FTSE nor NAREIT makes any warranty regarding the FTSE NAREIT Equity REITS Index, FTSE NAREIT All Residential Capped Index or FTSE NAREIT All Mortgage Capped Index; all rights vest in NAREIT. Neither FTSE nor NAREIT makes any warranty regarding the FTSE EPRA/NAREIT Developed Real Estate ex-U.S. Index, FTSE EPRA/NAREIT Developed Europe Index or FTSE EPRA/NAREIT Global REIT Index; all rights vest in FTSE, NAREIT and EPRA.“FTSE®” is a trademark of London Stock Exchange Group companies and is used by FTSE under license.

©2018 BlackRock, Inc. All rights reserved. BLACKROCK, BLACKROCK SOLUTIONS, BUILD ON BLACKROCK, ALADDIN, iSHARES, iBONDS, iSHARES CONNECT, FUND FRENZY, LIFEPATH, SO WHAT DO I DO WITH MY MONEY, INVESTING FOR A NEW WORLD, BUILT FOR THESE TIMES, the iShares Core Graphic, CoRI and the CoRI logo are registered and unregistered trademarks of BlackRock, Inc., or its subsidiaries in the United States and elsewhere. All other marks are the property of their respective owners.

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