iShares gives details on 2017, 2019 iShares iBonds corporate ETFs

By Toni Weeks

San Luis Obispo, Calif., Feb. 18 – iShares Trust disclosed the ticker symbols and fee structure for its new iShares iBonds Dec 2017 Corporate ETF and iShares iBonds Dec 2019 Corporate ETF, according to separate N-1A filings with the Securities and Exchange Commission.

The two new funds are joining the iShares lineup of fixed-income, target-date, iShares iBonds exchange-traded funds. Existing funds from the same series mature in December of 2016, 2018 and 2020, and the trust announced in December its plans to add seven new funds maturing in December of 2021, 2022, 2023, 2024 and 2025, in addition to the 2017 and 2019 funds.

iShares also has similar ETFs maturing in March of 2016, 2018, 2020 and 2023, according to the iShares website.

The new ETFs will trade on the NYSE Arca. The 2017 fund’s ticker symbol is “IBDJ,” and the 2019 fund will trade under the symbol “IBDK.”

Each fund will seek to track the investment results of an index that is a subset of the parent index, Barclays U.S. Corporate index, which is composed of dollar-denominated, taxable, investment-grade corporate bonds. Securities of each underlying index are selected so as to mature within the maturity range specified by each ETF.

Immediately before the last day of December in its maturity year, the fund will terminate, at which time it will distribute its remaining net assets to shareholders.

James Mauro and Scott Radell will be the portfolio managers.

There are no shareholder fees. Total annual fund operating expenses of 0.1% are comprised solely of a 0.1% management fee.

San Francisco-based BlackRock Fund Advisors, a wholly owned indirect subsidiary of BlackRock, Inc., will act as the investment adviser to the funds.

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