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Ultra-ST ICSH Prospectus Supplement

Changes for Ultra-ST ICSH (ER 8 bps) relate to a switch from maturity-based to duration-based portfolio construction. The name will change too.

Current Name: iShares Ultra Short-Term Bond Active E.T.F.
New Name: iShares Ultra Short Duration Bond Active E.T.F.

https://www.ishares.com/us/library/stream-document?stream=reg&product=ISHICSH&shareClass=NA&documentId=1253480~2338529~1094609~2317799~2253106~2252037~1870754~1896230&iframeUrlOverride=/us/literature/prospectus/p-ishares-us-etf-trust-active-10-31.pdf

Other Ultra-ST ETFs https://etfdb.com/etfs/bond-duration/ultra-short-term/

Comments

  • Thank you very much.
  • edited March 27
    What caused them to change the mandate? I would not have thought there would be meaningful impact for Ultra Short. Are they trying to compete with MM ETFs?
  • Maybe it's for people like me that can barely understand duration and find maturity incomprehensible.
  • There are 9 bigger ultra-ST ETFs than ICSH in ETFdb list, 3 from iShares itself. So, iShares may be tinkering to "fix it" or to create some differentiation. BlackRock wants to go for assets. Putting "Duration" in the name may make it look sophisticated.
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