INVESTING FOR OUTCOMES

Outcome-oriented ETFs make it easy to target specific financial goals.

WHAT ARE THE POTENTIAL BENEFITS OF OUTCOME-ORIENTED ETFs?

01.

ACCESS

These ETFs allow you to easily buy and sell these investments just like a stock.

02.

QUALITY

A leader in the ETF marketplace for more than two decades, iShares also has deep experience in implementing options strategies.

03.

EASE OF USE

An outcome-based investment framework is both efficient and intuitive — access the strategy without the fancy financial jargon.

VIEW ALL OPTIONS ETFs

FOCUS ON INCOME

GOOD FOR: Prioritizing alternative sources of monthly income.

Key takeaways:

INCOME: Seeks to enhance income through the sale of monthly call options.
DIVERSIFICATION: Provides the potential to outperform the benchmark in flat or falling markets (Equity BuyWrite ETFs) or in periods of flat to rising interest rates and widening credit spreads (Bond BuyWrite ETFs).
EASY ACCESS: Convenient and cost-effective access to an options strategy makes it possible for all investors to easily take advantage of this approach.

iShares BuyWrite ETF yields

Caption:
iShares BuyWrite ETF distributions and yields
Ticker	Fund	Underlying ETF	30-day SEC yield	Distribution yield	12 month trailing yield
Equity
IVVW	iShares S&P 500 BuyWrite ETF	IVV	1.11%	24.48%	-
IWMW	iShares Russell 2000 BuyWrite ETF	IWM	1.09%	24.52%	-
Fixed income
TLTW	iShares 20+ Year Treasury Bond BuyWrite Strategy ETF	TLT	3.59%	9.51%	15.87%
LQDW	iShares Investment Grade Corporate Bind BuyWrite Strategy ETF	LQD	4.15%	14.87%	17.35%
HYGW	iShares High Yield Corporate Bond BuyWrite Strategy ETF	HYG	5.80%	11.57%	13.51%

Source: Bloomberg, BlackRock as of 1/08/2025. 30-Day SEC Yield reflects the interest earned after deducting the fund’s expenses during the most recent 30-day period by the average investor in the fund.30-Day SEC Yield for TLTW, LQDW and HYGW is as of 1/07/2025. 30-Day SEC Yield for IVVW and IWMW is as of 11/30/2024. Distribution yield and 12 Month Trailing yield are as of 1/07/2025. Distribution yield is calculated by annualizing the most recent distributions — from both cash distribution and option income — and dividing by the most recent NAV. 12M trailing yield is the yield and investor would have received if they had held the fund over the last 12 months assuming the most recent NAV.

Performance data represents past performance and does not guarantee future results. Investment return and principal value will fluctuate with market conditions and may be lower or higher when you sell your shares. Current performance may differ from the performance shown. For standardized performance and most recent month-end performance, click on the fund names above.

BALANCE INCOME AND GROWTH POTENTIAL

GOOD FOR: A monthly source of income and the potential for long-term growth.

Key takeaways:

INCOME: Like the BuyWrite ETFs, BALI seeks enhanced monthly income by purchasing large-cap stocks and selling call options.
GROWTH: BALI also offers growth potential, seeking to participate in market upswings by investing in a combination of large cap stocks and S&P 500 Index futures.
ACTIVELY MANAGED: BALI utilizes a cutting-edge systematic approach managed by a team with over a decade of experience and $5B in AUM of income-oriented strategies.¹

NAVIGATE RISK

GOOD FOR: The confidence of knowing your portfolio is equipped to weather even the worst days.

Key takeaways:

MARKET PARTICIPATION: Guards against drawdowns while still maintaining some upside potential, up to a pre-determined cap.
DOWNSIDE PROTECTION: Seeks to mitigate drawdowns and dampen volatility within a downside buffer range.
- Moderate buffers seek to provide downside protection against the first 5% of underlying ETF losses over each calendar quarter
- Deep buffers seek to provide downside protection against 5-20% of underlying ETF losses over each calendar quarter.
- Max buffers seek to provide full downside protection over each 12-month hedge period.
CLEARER OUTCOMES: Seeks clearer outcomes over a known period to stay invested in volatile markets.

ACCELERATE GROWTH POTENTIAL

GOOD FOR: Enhancing growth potential during periods of low to moderate equity market returns.

Key takeaways:

SEEK ENHANCED RETURN: Targets 2x upside participation with the underlying ETF up to a cap and 1x downside participation over the course of each calendar quarter.
EASY ACCESS: Convenient, liquid, and cost-effective access to an options-based accelerated return strategy.
CLEARER OUTCOMES: Seeks to help investors reach investment goals by targeting clearer outcomes over a known period.

Timing matters

When it comes to purchasing an accelerated ETF, timing matters. Here’s what to consider when purchasing the fund after the start of the outcome period:

When the price of the accelerated ETF is at or below the start of the acceleration zone, returns may not be accelerated until the price of the accelerated ETF reaches the acceleration zone.
When the price of the accelerated ETF is within the acceleration zone, investors may experience 2x upside and 2x downside participation with the underlying ETF.
When the price of the accelerated ETF is above the acceleration zone, the upside participation is limited. Investors may also experience 2x downside participation if the underlying ETF falls within the acceleration zone.

Returns may vary depending on when an investor enters or exits their position in an accelerated return ETF, the time left in the outcome period, volatility and the value of the options that create the cap, among other factors. As such, these products may be best suited as buy and hold investments.