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By downloading this information, you acknowledge that this material is only part of the material provided by the iShares iBonds Ladder Tool. You are extracting this material on your own initiative and are responsible for compliance with applicable local laws and regulations. BlackRock expressly disclaims all liability for errors and omissions in materials downloaded from the tool(s) and for the use or interpretation by others of information contained therein.
Performance shown may reflect fee waivers and/or expense reimbursements by the investment advisor to the fund for some or all of the periods shown. If applicable, performance would have been lower without such waivers.
Any information contained in or generated by the tool should not be construed as or relied upon as investment advice, research or a recommendation by BlackRock Investments, LLC or any of its affiliates (collectively, "BlackRock") regarding the use or suitability of any particular asset allocation, fund or overall investment strategy.
This information must be preceded or accompanied by a current prospectus. Investors should read it carefully and consider before investing.
Investing involves risk, including the possible loss of principal.
No proprietary technology or asset allocation model is a guarantee against loss of principal. There can be no assurance that an investment strategy based on this report will be successful.
The tool is provided on an "as-is" basis. BlackRock expressly disclaims all warranties, express or implied, statutory or otherwise with respect to the tool (and any results obtained from its use) including, without limitation, all warranties or merchantability, fitness for a particular purpose or use, accuracy, completeness, originality and/or non-infringement. In no event shall BlackRock have any liability for any claims, damages, obligations, liabilities or losses relating to any use of the tool or the report(s) generated by the tool, including, without limitation, any liability for any direct, indirect, special, incidental, punitive and/or consequential damages (including loss of profits or principal).
U.S. financial advisors: the data collected through this tool is treated pursuant to BlackRock’s Data Promise.
Shares of ETFs are bought and sold at market price (not NAV) and are not individually redeemed from the Fund. Brokerage commissions will reduce returns. Market returns are based upon the midpoint of the bid/ask spread at 4:00 p.m. Eastern time (when NAV is normally determined for most ETFs), and do not represent the returns you would receive if you traded shares at other times.
Fixed income risks include interest-rate and credit risk. Typically, when interest rates rise, there is a corresponding decline in bond values. Credit risk refers to the possibility that the bond 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. There may be less information on the financial condition of municipal issuers than for public corporations. The market for municipal bonds may be less liquid than for taxable bonds. Some investors may be subject to federal or state income taxes or the Alternative Minimum Tax (AMT). Capital gains distributions, if any, are taxable.
An investment in the Funds 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.
The iShares® iBonds® ETFs ("Funds") will terminate during the months of March, September or December of the year in each Funds' name. See each Funds' prospectus for more information on specific maturity dates. An investment in the Fund(s) is not guaranteed, and an investor may experience losses, including near or at the termination 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 Fund's 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, in the case of the iBonds Muni Series, to tax-exempt 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.
Following a Fund's termination date, the Fund will distribute substantially all of its net assets, after deduction of any liabilities, to then-current investors without further notice and will no longer be listed or traded. A 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 a 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 the iShares® iBonds® Corporate ETFs is subject to the risks of the other funds and ETFs (underlying funds) in which they invest. The iShares® iBonds® Corporate ETFs will incur acquired fund fees and expenses associated with its investments the underlying funds and additional fees associated with turnover in the underlying funds that are not included in the acquired fund fees and expenses shown in the Fees and Expenses section of each fund's prospectus.
The Funds are distributed by BlackRock Investments, LLC (together with its affiliates, "BlackRock").
The funds identified in the tool are limited to funds distributed by BlackRock. Other investments not considered may have characteristics similar or superior to those that are included.
This information is intended for use in the United States. This information is not a solicitation for or offering of any investment product or service to any person in any jurisdiction or country in which such solicitation or offering would be unlawful.
© 2020 BlackRock, Inc. All rights reserved. BLACKROCK, iSHARES, and iBONDS are trademarks of BlackRock, Inc., or its subsidiaries in the United States and elsewhere. All other marks are the property of their respective owners.
Performance shown may reflect fee waivers and/or expense reimbursements by the investment advisor to the fund for some or all of the periods shown. If applicable, performance would have been lower without such waivers.
Any information contained in or generated by the tool should not be construed as or relied upon as investment advice, research or a recommendation by BlackRock Investments, LLC or any of its affiliates (collectively, "BlackRock") regarding the use or suitability of any particular asset allocation, fund or overall investment strategy.
This information must be preceded or accompanied by a current prospectus. Investors should read it carefully and consider before investing.
Investing involves risk, including the possible loss of principal.
No proprietary technology or asset allocation model is a guarantee against loss of principal. There can be no assurance that an investment strategy based on this report will be successful.
The tool is provided on an "as-is" basis. BlackRock expressly disclaims all warranties, express or implied, statutory or otherwise with respect to the tool (and any results obtained from its use) including, without limitation, all warranties or merchantability, fitness for a particular purpose or use, accuracy, completeness, originality and/or non-infringement. In no event shall BlackRock have any liability for any claims, damages, obligations, liabilities or losses relating to any use of the tool or the report(s) generated by the tool, including, without limitation, any liability for any direct, indirect, special, incidental, punitive and/or consequential damages (including loss of profits or principal).
U.S. financial advisors: the data collected through this tool is treated pursuant to BlackRock’s Data Promise.
Shares of ETFs are bought and sold at market price (not NAV) and are not individually redeemed from the Fund. Brokerage commissions will reduce returns. Market returns are based upon the midpoint of the bid/ask spread at 4:00 p.m. Eastern time (when NAV is normally determined for most ETFs), and do not represent the returns you would receive if you traded shares at other times.
Fixed income risks include interest-rate and credit risk. Typically, when interest rates rise, there is a corresponding decline in bond values. Credit risk refers to the possibility that the bond 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. There may be less information on the financial condition of municipal issuers than for public corporations. The market for municipal bonds may be less liquid than for taxable bonds. Some investors may be subject to federal or state income taxes or the Alternative Minimum Tax (AMT). Capital gains distributions, if any, are taxable.
An investment in the Funds 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.
The iShares® iBonds® ETFs ("Funds") will terminate during the months of March, September or December of the year in each Funds' name. See each Funds' prospectus for more information on specific maturity dates. An investment in the Fund(s) is not guaranteed, and an investor may experience losses, including near or at the termination 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 Fund's 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, in the case of the iBonds Muni Series, to tax-exempt 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.
Following a Fund's termination date, the Fund will distribute substantially all of its net assets, after deduction of any liabilities, to then-current investors without further notice and will no longer be listed or traded. A 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 a 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 the iShares® iBonds® Corporate ETFs is subject to the risks of the other funds and ETFs (underlying funds) in which they invest. The iShares® iBonds® Corporate ETFs will incur acquired fund fees and expenses associated with its investments the underlying funds and additional fees associated with turnover in the underlying funds that are not included in the acquired fund fees and expenses shown in the Fees and Expenses section of each fund's prospectus.
The Funds are distributed by BlackRock Investments, LLC (together with its affiliates, "BlackRock").
The funds identified in the tool are limited to funds distributed by BlackRock. Other investments not considered may have characteristics similar or superior to those that are included.
This information is intended for use in the United States. This information is not a solicitation for or offering of any investment product or service to any person in any jurisdiction or country in which such solicitation or offering would be unlawful.
© 2020 BlackRock, Inc. All rights reserved. BLACKROCK, iSHARES, and iBONDS are 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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