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Ultra-ST ICSH Prospectus Supplement

yogibearbullyogibearbull
edited March 27 in Fund Discussions
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

  • Sven
    Thank you very much.
  • BaluBalu
    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?
  • WABACWABAC
    Maybe it's for people like me that can barely understand duration and find maturity incomprehensible.
  • yogibearbullyogibearbull
    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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