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(as revised February 1, 2023) |
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2022 Prospectus |
• | iShares 0-5 Year TIPS Bond ETF | STIP | NYSE ARCA |
Ticker: STIP | Stock Exchange: NYSE Arca |
(ongoing expenses that you pay each year as a percentage of the value of your investments)1 | ||||||
Management Fees |
Distribution and Service (12b-1) Fees |
Other Expenses2 |
Total Annual Fund Operating Expenses | |||
1 | |
2 | |
1 Year | 3 Years | 5 Years | 10 Years | |||
$ |
$ |
$ |
$ |
One Year | Five Years | Ten Years | |||
(Inception Date: |
|||||
Return Before Taxes | |||||
Return After Taxes on Distributions1 | |||||
Return After Taxes on Distributions and Sale of Fund Shares1 | |||||
Bloomberg U.S. Treasury Inflation-Protected Securities (TIPS) 0-5 Years Index (Series-L)2 (Index returns do not reflect deductions for fees, expenses, or taxes) | |||||
ICE U.S. Treasury 0-5 Year Inflation Linked Bond Index2(Index returns do not reflect deductions for fees, expenses, or taxes) |
1 | |
2 | |
■ | General Impact. This outbreak has resulted in travel restrictions, closed international borders, enhanced health screenings at ports of entry and elsewhere, disruption of, and delays in, healthcare service preparation and delivery, prolonged quarantines, cancellations, supply chain disruptions, lower consumer demand, temporary and permanent closures of stores, restaurants and other commercial establishments, layoffs, defaults and other significant economic impacts, as well as general concern and uncertainty. |
■ | Market Volatility. The outbreak has also resulted in extreme volatility, severe losses, and disruptions in markets which can adversely impact the Fund and its investments, including impairing hedging activity to the extent the Fund engages in such activity, as expected correlations between related markets or instruments may no longer apply. In addition, to the extent the Fund invests in short-term instruments that have negative yields, the Fund’s value may be impaired as a result. Certain issuers of equity securities have cancelled or announced the suspension of dividends. The outbreak has, and may continue to, negatively affect the credit ratings of some fixed-income securities and their issuers. |
■ | Market Closures. Certain local markets have been or may be subject to closures, and there can be no assurance that trading will continue in any local markets in which the Fund may invest, when any resumption of trading will occur or, once such markets resume trading, whether they will face further closures. Any suspension of trading in markets in which the Fund invests will have an impact on the Fund and its investments and will impact the Fund’s ability to purchase or sell securities in such markets. |
■ | Operational Risk. The outbreak could also impair the information technology and other operational systems upon which the Fund’s service providers, including BFA, rely, and could otherwise disrupt the ability of employees of the Fund's service providers to perform critical tasks relating to the Fund, for example, due to the service providers’ employees performing tasks in alternate locations than under normal operating conditions or the illness of certain employees of the Fund's service providers. |
■ | Governmental Interventions. Governmental and quasi-governmental authorities and regulators throughout the world have responded to the outbreak and the resulting economic disruptions with a variety of fiscal and monetary policy changes, including direct capital infusions into companies and other issuers, new monetary policy tools, and lower interest rates. An unexpected or sudden reversal of these policies, or the ineffectiveness of such policies, is likely to increase market volatility, which could adversely affect the Fund’s investments. |
■ | Pre-Existing Conditions. Public health crises caused by the outbreak may exacerbate other pre-existing political, social and economic risks in certain countries or globally, which could adversely affect the Fund and its investments and could result in increased premiums or discounts to the Fund's NAV. |
iShares 0-5 Year TIPS Bond ETF | |||||||||
Year Ended 10/31/21 |
Year Ended 10/31/20 |
Year Ended 10/31/19 |
Year Ended 10/31/18 |
Year Ended 10/31/17 | |||||
Net asset value, beginning of year | $103.32 | $100.17 | $98.21 | $100.52 | $101.05 | ||||
Net investment income(a) | 4.52 | 1.62 | 2.05 | 2.61 | 1.50 | ||||
Net realized and unrealized gain (loss)(b) | 2.17 | 2.85 | 2.02 | (2.22) | (0.92) | ||||
Net increase from investment operations | 6.69 | 4.47 | 4.07 | 0.39 | 0.58 | ||||
Distributions(c) | |||||||||
From net investment income | (4.06) | (1.32) | (2.11) | (2.70) | (1.11) | ||||
Total distributions | (4.06) | (1.32) | (2.11) | (2.70) | (1.11) | ||||
Net asset value, end of year | $105.95 | $103.32 | $100.17 | $98.21 | $100.52 | ||||
Total Return(d) | |||||||||
Based on net asset value | 6.55% | 4.49% | 4.17% | 0.39% | 0.58% | ||||
Ratios to Average Net Assets | |||||||||
Total expenses | 0.05% | 0.06% | 0.06% | 0.06% | 0.09% | ||||
Net investment income | 4.28% | 1.59% | 2.07% | 2.62% | 1.49% | ||||
Supplemental Data | |||||||||
Net assets, end of year (000) | $7,495,692 | $2,841,229 | $2,343,861 | $2,199,887 | $1,326,873 | ||||
Portfolio turnover rate(e) | 36% | 72% | 58% | 40% | 27% | ||||
(a) Based on average shares outstanding. | |||||||||
(b) The amounts reported for a share outstanding may not accord with the change in aggregate gains and losses in securities for the fiscal period due to the timing of capital share transactions in relation to the fluctuating market values of the Fund’s underlying securities. | |||||||||
(c) Distributions for annual periods determined in accordance with U.S. federal income tax regulations. | |||||||||
(d) Where applicable, assumes the reinvestment of distributions. | |||||||||
(e) Portfolio turnover rate excludes in-kind transactions. |
Call: | 1-800-iShares or 1-800-474-2737 (toll free) Monday through Friday, 8:30 a.m. to 6:30 p.m. (Eastern time) |
Email: | iSharesETFs@blackrock.com |
Write: | c/o BlackRock Investments, LLC 1 University Square Drive, Princeton, NJ 08540 |
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March 1, 2022 |
(as revised February 1, 2023) |
![]() |
2022 Prospectus |
• | iShares TIPS Bond ETF | TIP | NYSE ARCA |
Ticker: TIP | Stock Exchange: NYSE Arca |
(ongoing expenses that you pay each year as a percentage of the value of your investments) | ||||||
Management Fees |
Distribution and Service (12b-1) Fees |
Other Expenses1 |
Total Annual Fund Operating Expenses | |||
1 Year | 3 Years | 5 Years | 10 Years | |||
$ |
$ |
$ |
$ |
One Year | Five Years | Ten Years | |||
(Inception Date: |
|||||
Return Before Taxes | |||||
Return After Taxes on Distributions1 | |||||
Return After Taxes on Distributions and Sale of Fund Shares1 | |||||
Bloomberg U.S. Treasury Inflation Protected Securities (TIPS) Index (Series-L)2(Index returns do not reflect deductions for fees, expenses, or taxes) | |||||
ICE U.S. Treasury Inflation Linked Bond Index2(Index returns do not reflect deductions for fees, expenses, or taxes) |
1 | |
2 | |
■ | General Impact. This outbreak has resulted in travel restrictions, closed international borders, enhanced health screenings at ports of entry and elsewhere, disruption of, and delays in, healthcare service preparation and delivery, prolonged quarantines, cancellations, supply chain disruptions, lower consumer demand, temporary and permanent closures of stores, restaurants and other commercial establishments, layoffs, defaults and other significant economic impacts, as well as general concern and uncertainty. |
■ | Market Volatility. The outbreak has also resulted in extreme volatility, severe losses, and disruptions in markets which can adversely impact the Fund and its investments, including impairing hedging activity to the extent the Fund engages in such activity, as expected correlations between related markets or instruments may no longer apply. In addition, to the extent the Fund invests in short-term instruments that have negative yields, the Fund’s value may be impaired as a result. Certain issuers of equity securities have cancelled or announced the suspension of dividends. The outbreak has, and may continue to, negatively affect the credit ratings of some fixed-income securities and their issuers. |
■ | Market Closures. Certain local markets have been or may be subject to closures, and there can be no assurance that trading will continue in any local markets in which the Fund may invest, when any resumption of trading will occur or, once such markets resume trading, whether they will face further closures. Any suspension of trading in markets in which the Fund invests will have an impact on the Fund and its investments and will impact the Fund’s ability to purchase or sell securities in such markets. |
■ | Operational Risk. The outbreak could also impair the information technology and other operational systems upon which the Fund’s service providers, including BFA, rely, and could otherwise disrupt the ability of employees of the Fund's service providers to perform critical tasks relating to the Fund, for example, due to the service providers’ employees performing tasks in alternate locations than under normal operating conditions or the illness of certain employees of the Fund's service providers. |
■ | Governmental Interventions. Governmental and quasi-governmental authorities and regulators throughout the world have responded to the outbreak and the resulting economic disruptions with a variety of fiscal and monetary policy changes, including direct capital infusions into companies and other issuers, new monetary policy tools, and lower interest rates. An unexpected or sudden reversal of these policies, or the ineffectiveness of such policies, is likely to increase market volatility, which could adversely affect the Fund’s investments. |
■ | Pre-Existing Conditions. Public health crises caused by the outbreak may exacerbate other pre-existing political, social and economic risks in certain countries or globally, |
which could adversely affect the Fund and its investments and could result in increased premiums or discounts to the Fund's NAV. |
iShares TIPS Bond ETF | |||||||||
Year Ended 10/31/21 |
Year Ended 10/31/20 |
Year Ended 10/31/19 |
Year Ended 10/31/18 |
Year Ended 10/31/17 | |||||
Net asset value, beginning of year | $125.29 | $116.11 | $108.83 | $113.73 | $115.74 | ||||
Net investment income(a) | 4.90 | 1.56 | 2.11 | 3.14 | 2.14 | ||||
Net realized and unrealized gain (loss)(b) | 3.33 | 8.87 | 7.41 | (4.63) | (2.41) | ||||
Net increase (decrease) from investment operations | 8.23 | 10.43 | 9.52 | (1.49) | (0.27) | ||||
Distributions(c) | |||||||||
From net investment income | (4.91) | (1.25) | (2.24) | (3.41) | (1.74) | ||||
Total distributions | (4.91) | (1.25) | (2.24) | (3.41) | (1.74) | ||||
Net asset value, end of year | $128.61 | $125.29 | $116.11 | $108.83 | $113.73 | ||||
Total Return(d) | |||||||||
Based on net asset value | 6.67% | 9.02% | 8.80% | (1.36)% | (0.23)% | ||||
Ratios to Average Net Assets | |||||||||
Total expenses | 0.19% | 0.19% | 0.19% | 0.19% | 0.20% | ||||
Net investment income | 3.84% | 1.29% | 1.87% | 2.80% | 1.88% | ||||
Supplemental Data | |||||||||
Net assets, end of year (000) | $35,868,635 | $23,956,337 | $20,436,063 | $22,223,190 | $23,633,497 | ||||
Portfolio turnover rate(e) | 34% | 53% | 17% | 21% | 32% | ||||
(a) Based on average shares outstanding. | |||||||||
(b) The amounts reported for a share outstanding may not accord with the change in aggregate gains and losses in securities for the fiscal period due to the timing of capital share transactions in relation to the fluctuating market values of the Fund’s underlying securities. | |||||||||
(c) Distributions for annual periods determined in accordance with U.S. federal income tax regulations. | |||||||||
(d) Where applicable, assumes the reinvestment of distributions. | |||||||||
(e) Portfolio turnover rate excludes in-kind transactions. |
Call: | 1-800-iShares or 1-800-474-2737 (toll free) Monday through Friday, 8:30 a.m. to 6:30 p.m. (Eastern time) |
Email: | iSharesETFs@blackrock.com |
Write: | c/o BlackRock Investments, LLC 1 University Square Drive, Princeton, NJ 08540 |
Fund | Ticker | Listing Exchange | ||
iShares 0-5 Year High Yield Corporate Bond ETF | SHYG | NYSE Arca | ||
iShares 0-5 Year Investment Grade Corporate Bond ETF | SLQD | Nasdaq | ||
iShares 0-5 Year TIPS Bond ETF | STIP | NYSE Arca | ||
iShares 1-3 Year International Treasury Bond ETF | ISHG | Nasdaq | ||
iShares Aaa - A Rated Corporate Bond ETF | QLTA | NYSE Arca | ||
iShares BB Rated Corporate Bond ETF | HYBB | NYSE Arca | ||
iShares Broad USD High Yield Corporate Bond ETF | USHY | Cboe BZX | ||
iShares CMBS ETF | CMBS | NYSE Arca | ||
iShares Convertible Bond ETF | ICVT | Cboe BZX | ||
iShares Core 1-5 Year USD Bond ETF | ISTB | Nasdaq | ||
iShares Core International Aggregate Bond ETF | IAGG | Cboe BZX | ||
iShares ESG Advanced High Yield Corporate Bond ETF | HYXF | Nasdaq | ||
iShares Fallen Angels USD Bond ETF | FALN | Nasdaq | ||
iShares Floating Rate Bond ETF | FLOT | Cboe BZX | ||
iShares GNMA Bond ETF | GNMA | Nasdaq | ||
iShares International Treasury Bond ETF | IGOV | Nasdaq | ||
iShares J.P. Morgan USD Emerging Markets Bond ETF | EMB | Nasdaq | ||
iShares TIPS Bond ETF | TIP | NYSE Arca | ||
iShares Treasury Floating Rate Bond ETF | TFLO | NYSE Arca | ||
iShares U.S. Fixed Income Balanced Risk Factor ETF | FIBR | Cboe BZX | ||
iShares U.S. Treasury Bond ETF | GOVT | Cboe BZX | ||
iShares USD Green Bond ETF | BGRN | Nasdaq |
• | iShares 0-5 Year High Yield Corporate Bond ETF |
• | iShares 0-5 Year Investment Grade Corporate Bond ETF |
• | iShares 0-5 Year TIPS Bond ETF1 |
• | iShares 1-3 Year International Treasury Bond ETF |
• | iShares Aaa - A Rated Corporate Bond ETF |
• | iShares BB Rated Corporate Bond ETF |
• | iShares Broad USD High Yield Corporate Bond ETF |
• | iShares CMBS ETF |
• | iShares Convertible Bond ETF |
• | iShares Core 1-5 Year USD Bond ETF |
• | iShares Core International Aggregate Bond ETF |
• | iShares ESG Advanced High Yield Corporate Bond ETF |
• | iShares Fallen Angels USD Bond ETF |
• | iShares Floating Rate Bond ETF |
• | iShares GNMA Bond ETF |
• | iShares International Treasury Bond ETF |
• | iShares J.P. Morgan USD Emerging Markets Bond ETF |
• | iShares TIPS Bond ETF2 |
• | iShares Treasury Floating Rate Bond ETF |
• | iShares U.S. Fixed Income Balanced Risk Factor ETF3 |
• | iShares U.S. Treasury Bond ETF |
• | iShares USD Green Bond ETF4 |
1 | On February 1, 2023, the Fund’s Underlying Index changed from the Bloomberg U.S. Treasury Inflation-Protected Securities (TIPS) 0-5 Years Index (Series-L) to the ICE U.S. Treasury 0-5 Year Inflation Linked Bond Index. |
2 | On February 1, 2023, the Fund’s Underlying Index changed from the Bloomberg U.S. Treasury Inflation Protected Securities (TIPS) Index (Series-L) to the ICE U.S. Treasury Inflation Linked Bond Index. |
3 | The iShares U.S. Fixed Income Balanced Risk Factor ETF previously operated as a series of iShares U.S. ETF Trust (the “Predecessor Fund”). Before the Fund commenced operations, all of the assets and liabilities of the Predecessor Fund were transferred to the Fund in a reorganization (the “Reorganization”), which was tax-free for U.S. federal income tax purposes. The Reorganization occurred on February 5, 2018. As a result of the Reorganization, the Fund assumed the performance and accounting history of the Predecessor Fund, which was actively managed by BlackRock Fund Advisors (“BFA”) using an investment strategy substantially similar to the methodology of the Underlying Index. A portion of the financial and performance information included in this SAI is that of the Predecessor Fund. |
4 | On March 1, 2022, the name of the Fund will change from the iShares Global Green Bond ETF to the iShares USD Green Bond ETF, and the Fund’s Underlying Index will change from the Bloomberg MSCI Global Green Bond Select (USD Hedged) Index to the Bloomberg MSCI USD Green Bond Select Index. |
Diversified Funds | Non-Diversified Funds | |
iShares 0-5 Year High Yield Corporate Bond ETF | iShares 1-3 Year International Treasury Bond ETF | |
iShares 0-5 Year Investment Grade Corporate Bond ETF | iShares Core International Aggregate Bond ETF | |
iShares 0-5 Year TIPS Bond ETF | iShares International Treasury Bond ETF | |
iShares Aaa - A Rated Corporate Bond ETF | ||
iShares BB Rated Corporate Bond ETF | ||
iShares Broad USD High Yield Corporate Bond ETF | ||
iShares CMBS ETF | ||
iShares Convertible Bond ETF | ||
iShares Core 1-5 Year USD Bond ETF | ||
iShares ESG Advanced High Yield Corporate Bond ETF | ||
iShares Fallen Angels USD Bond ETF | ||
iShares Floating Rate Bond ETF | ||
iShares GNMA Bond ETF | ||
iShares J.P. Morgan USD Emerging Markets Bond ETF | ||
iShares TIPS Bond ETF | ||
iShares Treasury Floating Rate Bond ETF | ||
iShares U.S. Fixed Income Balanced Risk Factor ETF | ||
iShares U.S. Treasury Bond ETF | ||
iShares USD Green Bond ETF |
• | High yield bonds may be issued by less creditworthy issuers. These securities are vulnerable to adverse changes in the issuer’s industry or to general economic conditions. Issuers of high yield bonds may be unable to meet their interest or principal payment obligations because of an economic downturn, specific issuer developments or the unavailability of additional financing. |
• | The issuers of high yield bonds may have a larger amount of outstanding debt relative to their assets than issuers of investment grade bonds. If the issuer experiences financial stress, it may be unable to meet its debt obligations. The issuer’s ability to pay its debt obligations also may be lessened by specific issuer developments, or the unavailability of additional financing. Issuers of high yield securities are often in the growth stage of their development and/or involved in a reorganization or takeover. |
• | High yield bonds are frequently ranked junior to claims by other creditors. If the issuer cannot meet its obligations, the senior obligations are generally paid off before the junior obligations, which will potentially limit a Fund’s ability to fully recover principal, to receive interest payments when senior securities are in default or to receive restructuring benefits paid to holders of more senior classes of debt. Thus, investors in high yield securities frequently have a lower degree of protection with respect to principal and interest payments than do investors in higher rated securities. |
• | High yield bonds frequently have redemption features that permit an issuer to repurchase the security from a Fund before it matures. If an issuer redeems the high yield bonds, a Fund may have to invest the proceeds in bonds with lower yields and may lose income. |
• | Prices of high yield bonds are subject to extreme fluctuations. Negative economic developments may have a greater impact on the prices of high yield bonds than on those of other higher rated fixed-income securities. |
• | Under certain economic and/or market conditions, a Fund may have difficulty disposing of certain high yield |
securities due to the limited number of investors in that sector of the market. There are fewer dealers in the high yield bond market, and there may be significant differences in the prices quoted for high yield bonds by dealers, and such quotations may not be the actual prices available for a purchase or sale. Judgment may play a greater role in the prices and values generated for such securities than in the case of securities trading in a more liquid market. | |
• | The secondary markets for high yield securities are not as liquid as the secondary markets for higher rated securities. The secondary markets for high yield securities are concentrated in relatively few market makers and, participants in the markets are mostly institutional investors, including insurance companies, banks, other financial institutions and mutual funds. In addition, the trading volume for high yield securities is generally lower than that for higher rated securities and the secondary markets could contract under adverse market or economic conditions independent of any specific adverse changes in the condition of a particular issuer. Under certain economic and/or market conditions, a Fund may have difficulty disposing of certain high yield securities due to the limited number of investors in that sector of the market. An illiquid secondary market may adversely affect the market price of the high yield security, which may result in increased difficulty selling the particular issue and obtaining accurate market quotations on the issue when valuing a Fund's assets. Market quotations on high yield securities are available only from a limited number of dealers, and such quotations may not be the actual prices available for a purchase or sale. When the secondary market for high yield securities becomes more illiquid, or in the absence of readily available market quotations for such securities, the relative lack of reliable objective data makes it more difficult to value such securities, and judgment plays a more important role in determining such valuations. |
• | A Fund may incur expenses to the extent necessary to seek recovery upon default or to negotiate new terms with a defaulting issuer. |
• | The high yield bond markets may react strongly to adverse news about an issuer or the economy, or to the perception or expectation of adverse news, whether or not it is based on fundamental analysis. Additionally, prices for high yield securities may be affected by legislative and regulatory developments. These developments could adversely affect a Fund’s NAV and investment practices, the secondary market for high yield securities, the financial condition of issuers of these securities and the value and liquidity of outstanding high yield securities, especially in a thinly traded market. For example, federal legislation requiring the divestiture by federally insured savings and loan associations of their investments in high yield bonds and limiting the deductibility of interest by certain corporate issuers of high yield bonds adversely affected the market in the past. |
• | Communications of Data Files: A Fund may make available through the facilities of the National Securities Clearing Corporation (“NSCC”) or through posting on the www.iShares.com, prior to the opening of trading on each business day, a list of a Fund’s holdings (generally pro-rata) that Authorized Participants could deliver to a Fund to settle purchases of a Fund (i.e. Deposit Securities) or that Authorized Participants would receive from a Fund to settle redemptions of a Fund (i.e. Fund Securities). These files are known as the Portfolio Composition File and the Fund Data File (collectively, “Files”). The Files are applicable for the next trading day and are provided to the NSCC and/or posted on www.iShares.com after the close of markets in the U.S. |
• | Communications with Authorized Participants and Liquidity Providers: Certain employees of BFA are responsible for interacting with Authorized Participants and liquidity providers with respect to discussing custom basket proposals as described in the Custom Baskets section of this SAI. As part of these discussions, these employees may discuss with an Authorized Participant or liquidity provider the securities a Fund is willing to accept for a creation, and securities that a Fund will provide on a redemption. |
• | Communications with Listing Exchanges: From time to time, employees of BFA may discuss portfolio holdings information with the applicable primary listing exchange for a Fund as needed to meet the exchange listing standards. |
• | Communications with Other Portfolio Managers: Certain information may be provided to employees of BFA who manage funds that invest a significant percentage of their assets in shares of an underlying fund as necessary to manage the fund’s investment objective and strategy. |
• | Communication of Other Information: Certain explanatory information regarding the Files is released to Authorized Participants and liquidity providers on a daily basis, but is only done so after the Files are posted to www.iShares.com. |
• | Third-Party Service Providers: Certain portfolio holdings information may be disclosed to Fund Trustees and their counsel, outside counsel for the Funds, auditors and to certain third-party service providers (i.e., fund administrator, custodian, proxy voting service) for which a non-disclosure, confidentiality agreement or other obligation is in place with such service providers, as may be necessary to conduct business in the ordinary course in a manner consistent with applicable policies, agreements with the Funds, the terms of the current registration statements and federal securities laws and regulations thereunder. |
• | Liquidity Metrics: “Liquidity Metrics,” which seek to ascertain a Fund’s liquidity profile under BlackRock’s global liquidity risk methodology, include but are not limited to: (a) disclosure regarding the number of days needed to liquidate a portfolio or the portfolio’s underlying investments; and (b) the percentage of a Fund’s NAV invested in a particular liquidity tier under BlackRock’s global liquidity risk methodology. The dissemination of position-level liquidity metrics data and any non-public regulatory data pursuant to the Liquidity Rule (including SEC liquidity tiering) is not permitted unless pre-approved. Disclosure of portfolio-level liquidity metrics prior to 60 calendar days after calendar quarter-end requires a non-disclosure or confidentiality agreement and approval of the Trust’s Chief Compliance Officer. Portfolio-level liquidity metrics disclosure subsequent to 60 calendar days after calendar quarter-end requires the approval of portfolio management and must be disclosed to all parties requesting the information if disclosed to any party. |
• | Where a bond’s guarantee comes from if the issuer is backed by a government or parent corporate entity. |
• | Where the largest source of revenue, operations or cash flows is generated by the issuer. |
• | Where an issuer is headquartered or its centralized decision-making occurs. |
• | Additional criteria may be used in the evaluation of a bond’s country of risk, including, but not limited to: |
• | Where the issuer is incorporated, legally domiciled and regulated. |
• | Where an issuer’s stock is listed and traded. |
• | Where existing issuers within the index that are similarly structured or organized are classified. |
• | Adult Entertainment: All companies that derive 5% or more aggregate revenue from the production, distribution and retail, and all companies that produce, direct, or publish adult entertainment materials that fall into the following categories: producer of NC-17- rated films, pay-per-view programming or channels, sexually explicit video games, books or magazines with adult content, live entertainment of an adult nature, adults-only material on the internet; |
• | Alcohol: All companies classified as a “producer” that derive $500 million or 5% or more in revenue from manufacturing, distributing, retailing, licensing, and supplying alcoholic products, and all companies deriving 15% or more aggregate revenue from the manufacture, distribution, retailing, licensing, and supply of alcoholic products; |
• | Gambling: All companies classified as involved in “operations” that derive $500 million or 5% or more in revenue from ownership or operation of gambling facilities, provision of key products or services fundamental to gambling operations, and licensing of gambling products, and all companies deriving 15% or more aggregate revenue from ownership or operation of gambling facilities, provision of key products or services fundamental to gambling operations, and licensing of gambling products; |
• | Tobacco: All companies that manufacture tobacco products, such as cigars, blunts, cigarettes, e-cigarettes, inhalers, beedis, kreteks, smokeless tobacco, snuff, snus, dissolvable and chewing tobacco (including companies that grow or process raw tobacco leaves), and all companies deriving 5% or more aggregate revenue from the manufacture, distribution, retailing, licensing, and supply of tobacco products; |
• | Genetically Modified Organisms (GMO): All companies deriving revenue from genetically modifying plants, such as seeds and crops, and other organisms intended for agricultural use or human consumption; |
• | Controversial Weapons: All companies that manufacture cluster munitions whole weapons systems, components, or delivery platforms, all companies involved in the production of depleted uranium (DU) weapons, ammunition, and armor, including companies that manufacture armor piercing, fin stabilized, discarding sabot tracing rounds (APFSDS-T), kinetic Energy Missiles made with DU penetrators, and DU-enhanced armor, including composite tank armor, and all companies that manufacture landmines whole systems or components; |
• | Nuclear Weapons: All companies that manufacture nuclear warheads and/or whole nuclear missiles (including assembly and integration of warhead and missile body, as well as companies with contracts to operate/manage government-owned facilities that manufacture nuclear warheads and missiles), all companies that manufacture components that were developed or are significantly modified for exclusive use in nuclear weapons (warheads and missiles) (including companies with contracts to operate/manage government-owned facilities that manufacture components for nuclear warheads and missiles), all companies that manufacture or assemble delivery platforms that were developed or significantly modified for the exclusive delivery of nuclear weapons, all companies that manufacture components that were not developed or not significantly modified for exclusive use in nuclear weapons (warheads and missiles) but can be used in nuclear weapons, all companies that manufacture or assemble delivery platforms that were not developed or not significantly modified for the exclusive delivery of nuclear weapons but have the capability to deliver nuclear weapons, all companies that manufacture components for nuclear-exclusive delivery platforms, and all companies that manufacture components for dual-use delivery platforms; |
• | Civilian Weapons: All companies that manufacture firearms and small arms ammunitions for civilian markets (but not including companies that cater to the military, government, and law enforcement markets), all companies deriving 5% or more aggregate revenue from the production and distribution (wholesale or retail) of firearms or small arms ammunition intended for civilian use, and all companies deriving $20 million or more revenue from the production and distribution (wholesale or retail) of firearms or small arms ammunition intended for civilian use; |
• | Conventional Weapons: All companies deriving 5% or more revenue from the production of conventional weapons and components, all companies deriving 10% or more aggregate revenue from weapons systems, components, and support systems and services for conventional weapons; |
• | For Profit Prisons: All companies deriving 50% or more revenue from involvement in the operation of “for profit prisons” (also known as “private prisons”) or the provision of integral services to these types of facilities; |
• | Predatory Lending: All companies deriving 5% or more revenue from products and services associated with certain controversial lending practices; |
• | Palm Oil: All companies deriving more than 0% revenue from cultivating oil palm trees and harvesting fresh fruit bunches (FFBs) used to produce palm oil products; |
• | Nuclear Power: All companies that own or operate nuclear power plants, or own or operate active uranium mines, or involved in uranium enrichment and processing or the design and engineering of nuclear power reactors, and all companies deriving 15% or more aggregate revenue from ownership or operation of nuclear power plants and supply of key nuclear-specific products or services; and |
• | Fossil Fuel: All companies that belong to the Bloomberg Energy Fixed Income Sector or all companies that have an industry tie to fossil fuels (thermal coal, oil and gas) – in particular, reserve ownership, related revenues and power generation. Companies are not excluded from the Underlying Index solely on the basis of metallurgical coal reserve ownership. |
1. | Concentrate its investments in a particular industry, as that term is used in the Investment Company Act, except that each Fund will concentrate to approximately the same extent that its Underlying Index concentrates in the securities of a particular industry or group of industries. |
2. | Borrow money, except as permitted under the Investment Company Act. |
3. | Issue senior securities to the extent such issuance would violate the Investment Company Act. |
4. | Purchase or hold real estate, except each Fund may purchase and hold securities or other instruments that are secured by, or linked to, real estate or interests therein, securities of real estate investment trusts, mortgage-related securities and securities of issuers engaged in the real estate business, and the Fund may purchase and hold real estate as a result of the ownership of securities or other instruments. |
5. | Underwrite securities issued by others, except to the extent that the sale of portfolio securities by each Fund may be deemed to be an underwriting or as otherwise permitted by applicable law. |
6. | Purchase or sell commodities or commodity contracts, except as permitted by the Investment Company Act. |
7. | Make loans to the extent prohibited by the Investment Company Act. |
1. | Concentrate its investments in a particular industry, as that term is used in the Investment Company Act. |
2. | Borrow money, except as permitted under the Investment Company Act. |
3. | Issue senior securities to the extent such issuance would violate the Investment Company Act. |
4. | Purchase or hold real estate, except the Fund may purchase and hold securities or other instruments that are secured by, or linked to, real estate or interests therein, securities of REITs, mortgage-related securities and securities of issuers engaged in the real estate business, and the Fund may purchase and hold real estate as a result of the ownership of securities or other instruments. |
5. | Underwrite securities issued by others, except to the extent that the sale of portfolio securities by the Fund may be deemed to be an underwriting or as otherwise permitted by applicable law. |
6. | Purchase or sell commodities or commodity contracts, except as permitted by the Investment Company Act. |
7. | Make loans to the extent prohibited by the Investment Company Act. |
1. | Concentrate its investments (i.e., invest 25% or more of its total assets in the securities of a particular industry or group of industries), except that the Fund will concentrate to approximately the same extent that its Underlying Index concentrates in the securities of such particular industry or group of industries. For purposes of this limitation, securities of the U.S. government (including its agencies and instrumentalities), repurchase agreements collateralized by U.S. government securities, and securities of state or municipal governments and their political subdivisions are not considered to be issued by members of any industry. |
2. | Borrow money, except that (i) the Fund may borrow from banks for temporary or emergency (not leveraging) purposes, including the meeting of redemption requests which might otherwise require the untimely disposition of securities; and (ii) the Fund may, to the extent consistent with its investment policies, enter into repurchase agreements, reverse repurchase agreements, forward roll transactions and similar investment strategies and techniques. To the extent that it engages in transactions described in (i) and (ii), the Fund will be limited so that no more than 33 1/3% of the value of its total assets (including the amount borrowed) is derived from such transactions. Any borrowings which come to exceed this amount will be reduced in accordance with applicable law. |
3. | Issue any senior security, except as permitted under the 1940 Act, as interpreted, modified or otherwise permitted by regulatory authority having jurisdiction, from time to time. |
4. | Make loans, except as permitted under the 1940 Act, as interpreted, modified or otherwise permitted by regulatory authority having jurisdiction, from time to time. |
5. | Purchase or sell real estate, real estate mortgages, commodities or commodity contracts, but this restriction shall not prevent the Fund from trading in futures contracts and options on futures contracts (including options on currencies to the extent consistent with the Fund’s investment objective and policies). |
6. | Engage in the business of underwriting securities issued by other persons, except to the extent that the Fund may technically be deemed to be an underwriter under the 1933 Act, in disposing of portfolio securities. |
1. | Concentrate its investments (i.e., invest 25% or more of its total assets in the securities of a particular industry or group of industries), except that each Fund will concentrate to approximately the same extent that its Underlying Index concentrates in the securities of such particular industry or group of industries. For purposes of this limitation, securities of the U.S. government (including its agencies and instrumentalities), repurchase agreements collateralized by U.S. government securities, and securities of state or municipal governments and their political subdivisions are not considered to be issued by members of any industry. |
2. | Borrow money, except that (i) each Fund may borrow from banks for temporary or emergency (not leveraging) purposes, including the meeting of redemption requests which might otherwise require the untimely disposition of securities, and (ii) each Fund may, to the extent consistent with its investment policies, enter into repurchase agreements, reverse repurchase agreements, forward roll transactions and similar investment strategies and techniques. To the extent that it engages in transactions described in (i) and (ii), each Fund will be limited so that no more than 33 1/3% of the value of its total assets (including the amount borrowed) is derived from such transactions. Any borrowings which come to exceed this amount will be reduced in accordance with applicable law. |
3. | Issue any senior security, except as permitted under the 1940 Act, as interpreted, modified or otherwise permitted by regulatory authority having jurisdiction, from time to time. |
4. | Make loans, except as permitted under the 1940 Act, as interpreted, modified or otherwise permitted by regulatory authority having jurisdiction, from time to time. |
5. | Purchase or sell real estate unless acquired as a result of ownership of securities or other instruments (but this restriction shall not prevent each Fund from investing in securities of companies engaged in the real estate business or securities or other instruments backed by real estate or mortgages), or commodities or commodity contracts (but this |
restriction shall not prevent each Fund from trading in futures contracts and options on futures contracts, including options on currencies to the extent consistent with each Fund’s investment objective and policies). | |
6. | Engage in the business of underwriting securities issued by other persons, except to the extent that each Fund may technically be deemed to be an underwriter under the 1933 Act, in disposing of portfolio securities. |
1. | Concentrate its investments (i.e., invest 25% or more of its total assets in the securities of a particular industry or group of industries), except that the Fund will concentrate to approximately the same extent that its Underlying Index concentrates in the securities of such particular industry or group of industries. For purposes of this limitation, securities of the U.S. government (including its agencies and instrumentalities), repurchase agreements collateralized by U.S. government securities, and securities of state or municipal governments and their political subdivisions are not considered to be issued by members of any industry. |
2. | Borrow money, except that (i) the Fund may borrow from banks for temporary or emergency (not leveraging) purposes, including the meeting of redemption requests which might otherwise require the untimely disposition of securities; and (ii) the Fund may, to the extent consistent with its investment policies, enter into repurchase agreements, reverse repurchase agreements, forward roll transactions and similar investment strategies and techniques. To the extent that it engages in transactions described in (i) and (ii), the Fund will be limited so that no more than 33 1/3% of the value of its total assets (including the amount borrowed) is derived from such transactions. Any borrowings which come to exceed this amount will be reduced in accordance with applicable law. |
3. | Issue “senior securities” as defined in the 1940 Act and the rules, regulations and orders thereunder, except as permitted under the 1940 Act and the rules, regulation and orders thereunder. |
4. | Make loans, except as permitted under the 1940 Act, as interpreted, modified or otherwise permitted by regulatory authority having jurisdiction, from time to time. |
5. | Purchase or sell real estate unless acquired as a result of ownership of securities or other instruments (but this restriction shall not prevent the Fund from investing in securities of companies engaged in the real estate business or securities or other instruments backed by real estate or mortgages), or commodities or commodity contracts (but this restriction shall not prevent the Fund from trading in futures contracts and options on futures contracts, including options on currencies to the extent consistent with the Fund’s investment objective and policies). |
6. | Engage in the business of underwriting securities issued by other persons, except to the extent that the Fund may technically be deemed to be an underwriter under the 1933 Act, in disposing of portfolio securities. |
Name (Age) | Position | Principal Occupation(s) During the Past 5 Years |
Other Directorships Held by Trustee | |||
Robert S. Kapito1 (65) |
Trustee (since 2009). |
President, BlackRock, Inc. (since 2006); Vice Chairman of BlackRock, Inc. and Head of BlackRock’s Portfolio Management Group (since its formation in 1998) and BlackRock, Inc.’s predecessor entities (since 1988); Trustee, University of Pennsylvania (since 2009); President of Board of Directors, Hope & Heroes Children’s Cancer Fund (since 2002). | Director of BlackRock, Inc. (since 2006); Director of iShares, Inc. (since 2009); Trustee of iShares U.S. ETF Trust (since 2011). | |||
Salim Ramji2 (51) |
Trustee (since 2019). | Senior Managing Director, BlackRock, Inc. (since 2014); Global Head of BlackRock’s ETF and Index Investments Business (since 2019); Head of BlackRock’s U.S. Wealth Advisory Business (2015-2019); Global Head of Corporate Strategy, BlackRock, Inc. (2014-2015); Senior Partner, McKinsey & Company (2010-2014). | Director of iShares, Inc. (since 2019); Trustee of iShares U.S. ETF Trust (since 2019). |
1 | Robert S. Kapito is deemed to be an “interested person” (as defined in the 1940 Act) of the Trust due to his affiliations with BlackRock, Inc. and its affiliates. |
2 | Salim Ramji is deemed to be an “interested person” (as defined in the 1940 Act) of the Trust due to his affiliations with BlackRock, Inc. and its affiliates. |
Name (Age) | Position | Principal Occupation(s) During the Past 5 Years |
Other Directorships Held by Trustee | |||
John E. Kerrigan (66) |
Trustee (since 2005); Independent Board Chair (since 2022). |
Chief Investment Officer, Santa Clara University (since 2002). | Director of iShares, Inc. (since 2005); Trustee of iShares U.S. ETF Trust (since 2011); Independent Board Chair of iShares, Inc. and iShares U.S. ETF Trust (since 2022). | |||
Jane D. Carlin (66) |
Trustee (since 2015); Risk Committee Chair (since 2016). |
Consultant (since 2012); Member of the Audit Committee (2012-2018), Chair of the Nominating and Governance Committee (2017-2018) and Director of PHH Corporation (mortgage solutions) (2012-2018); Managing Director and Global Head of Financial Holding Company Governance & Assurance and the Global Head of Operational Risk Management of Morgan Stanley (2006-2012). | Director of iShares, Inc. (since 2015); Trustee of iShares U.S. ETF Trust (since 2015); Member of the Audit Committee (since 2016), Chair of the Audit Committee (since 2020) and Director of The Hanover Insurance Group, Inc. (since 2016). | |||
Richard L. Fagnani (67) |
Trustee (since 2017); Audit Committee Chair (since 2019). |
Partner, KPMG LLP (2002-2016). | Director of iShares, Inc. (since 2017); Trustee of iShares U.S. ETF Trust (since 2017). | |||
Cecilia H. Herbert (72) |
Trustee (since 2005); Nominating and Governance and Equity Plus Committee Chairs (since 2022). |
Chair of the Finance Committee (since 2019) and Trustee and Member of the Finance, Audit and Quality Committees of Stanford Health Care (since 2016); Trustee of WNET, New York's public media company (since 2011) and Member of the Audit Committee (since 2018) and Investment Committee (since 2011); Chair (1994-2005) and Member (since 1992) of the Investment Committee, Archdiocese of San Francisco; Trustee of Forward Funds (14 portfolios) (2009-2018); Trustee of Salient MF Trust (4 portfolios) (2015-2018); Director (1998-2013) and President (2007-2011) of the Board of Directors, Catholic Charities CYO; Trustee (2002-2011) and Chair of the Finance and Investment Committee (2006-2010) of the Thacher School; Director of the Senior Center of Jackson Hole (since 2020). | Director of iShares, Inc. (since 2005); Trustee of iShares U.S. ETF Trust (since 2011); Trustee of Thrivent Church Loan and Income Fund (since 2019). | |||
Drew E. Lawton (62) |
Trustee (since 2017); 15(c) Committee Chair (since 2017). |
Senior Managing Director of New York Life Insurance Company (2010-2015). | Director of iShares, Inc. (since 2017); Trustee of iShares U.S. ETF Trust (since 2017). |
Name (Age) | Position | Principal Occupation(s) During the Past 5 Years |
Other Directorships Held by Trustee | |||
John E. Martinez (60) |
Trustee (since 2003); Securities Lending Committee Chair (since 2019). |
Director of Real Estate Equity Exchange, Inc. (since 2005); Director of Cloudera Foundation (2017-2020); and Director of Reading Partners (2012-2016). | Director of iShares, Inc. (since 2003); Trustee of iShares U.S. ETF Trust (since 2011). | |||
Madhav V. Rajan (57) |
Trustee (since 2011); Fixed Income Plus Committee Chair (since 2019). |
Dean, and George Pratt Shultz Professor of Accounting, University of Chicago Booth School of Business (since 2017); Advisory Board Member (since 2016) and Director (since 2020) of C.M. Capital Corporation; Chair of the Board for the Center for Research in Security Prices, LLC (since 2020); Robert K. Jaedicke Professor of Accounting, Stanford University Graduate School of Business (2001-2017); Professor of Law (by courtesy), Stanford Law School (2005-2017); Senior Associate Dean for Academic Affairs and Head of MBA Program, Stanford University Graduate School of Business (2010-2016). | Director of iShares, Inc. (since 2011); Trustee of iShares U.S. ETF Trust (since 2011). |
Name (Age) | Position | Principal Occupation(s) During the Past 5 Years | ||
Armando Senra (50) |
President (since 2019). | Managing Director, BlackRock, Inc. (since 2007); Head of U.S., Canada and Latin America iShares, BlackRock, Inc. (since 2019); Head of Latin America Region, BlackRock, Inc. (2006-2019); Managing Director, Bank of America Merrill Lynch (1994-2006). |
Name (Age) | Position | Principal Occupation(s) During the Past 5 Years | ||
Trent Walker (47) |
Treasurer and Chief Financial Officer (since 2020). |
Managing Director of BlackRock, Inc. (since September 2019); Chief Financial Officer of iShares Delaware Trust Sponsor LLC, BlackRock Funds, BlackRock Funds II, BlackRock Funds IV, BlackRock Funds V and BlackRock Funds VI (since 2021); Executive Vice President of PIMCO (2016-2019); Senior Vice President of PIMCO (2008-2015); Treasurer (2013-2019) and Assistant Treasurer (2007-2017) of PIMCO Funds, PIMCO Variable Insurance Trust, PIMCO ETF Trust, PIMCO Equity Series, PIMCO Equity Series VIT, PIMCO Managed Accounts Trust, 2 PIMCO-sponsored interval funds and 21 PIMCO-sponsored closed-end funds. | ||
Charles Park (54) |
Chief Compliance Officer (since 2006). | Chief Compliance Officer of BlackRock Advisors, LLC and the BlackRock-advised Funds in the BlackRock Multi-Asset Complex and the BlackRock Fixed-Income Complex (since 2014); Chief Compliance Officer of BFA (since 2006). | ||
Marisa Rolland (42) |
Secretary (since 2022). | Director, BlackRock, Inc. (since 2018); Vice President, BlackRock, Inc. (2010-2017). | ||
Rachel Aguirre (39) |
Executive Vice President (since 2022). | Managing Director, BlackRock, Inc. (since 2018); Director, BlackRock, Inc. (2009-2018); Head of U.S. iShares Product (since 2022); Head of EII U.S. Product Engineering (since 2021); Co-Head of EII’s Americas Portfolio Engineering (2020-2021); Head of Developed Markets Portfolio Engineering (2016-2019). | ||
Jennifer Hsui (46) |
Executive Vice President (since 2022). | Managing Director, BlackRock, Inc. (since 2009); Co-Head of Index Equity (since 2022). | ||
James Mauro (51) |
Executive Vice President (since 2021). | Managing Director, BlackRock, Inc. (since 2010); Head of Fixed Income Index Investments in the Americas and Head of San Francisco Core Portfolio Management (since 2020). |
Name | Fund | Dollar Range of Equity Securities in Named Fund |
Aggregate Dollar Range of Equity Securities in all Registered Investment Companies Overseen by Trustee in Family of Investment Companies | |||
Robert S. Kapito | None | None | None | |||
Salim Ramji | iShares Broad USD Investment Grade Corporate Bond ETF | Over $100,000 | Over $100,000 | |||
iShares Commodity Curve Carry Strategy ETF | $50,001-$100,000 | |||||
iShares Core Dividend Growth ETF | Over $100,000 | |||||
iShares Core MSCI Emerging Markets ETF | Over $100,000 | |||||
iShares Core MSCI Total International Stock ETF | $1-$10,000 | |||||
iShares Core S&P 500 ETF | $1-$10,000 | |||||
iShares Core S&P Mid-Cap ETF | Over $100,000 | |||||
iShares Core S&P Small-Cap ETF | Over $100,000 | |||||
iShares Core S&P Total U.S. Stock Market ETF | $1-$10,000 |
Name | Fund | Dollar Range of Equity Securities in Named Fund |
Aggregate Dollar Range of Equity Securities in all Registered Investment Companies Overseen by Trustee in Family of Investment Companies | |||
iShares Expanded Tech Sector ETF | $1-$10,000 | |||||
iShares Expanded Tech-Software Sector ETF | $1-$10,000 | |||||
iShares GSCI Commodity Dynamic Roll Strategy ETF | $50,001-$100,000 | |||||
iShares MSCI USA ESG Select ETF | $1-$10,000 | |||||
iShares Robotics and Artificial Intelligence Multisector ETF | $1-$10,000 | |||||
iShares TIPS Bond ETF | $50,001-$100,000 | |||||
John E. Kerrigan | iShares Core S&P 500 ETF | Over $100,000 | Over $100,000 | |||
iShares Core S&P Small-Cap ETF | $50,001-$100,000 | |||||
iShares ESG Advanced MSCI EAFE ETF | $1-$10,000 | |||||
iShares ESG Advanced MSCI USA ETF | $10,001-$50,000 | |||||
iShares ESG Aware MSCI EAFE ETF | $10,001-$50,000 | |||||
iShares ESG Aware MSCI EM ETF | $50,001-$100,000 | |||||
iShares ESG Aware MSCI USA ETF | Over $100,000 | |||||
iShares ESG Aware MSCI USA Small-Cap ETF | $10,001-$50,000 | |||||
iShares Exponential Technologies ETF | Over $100,000 | |||||
iShares Genomics Immunology and Healthcare ETF | $10,001-$50,000 | |||||
iShares Global Clean Energy ETF | Over $100,000 | |||||
iShares Global Infrastructure ETF | Over $100,000 | |||||
iShares Global Tech ETF | $10,001-$50,000 | |||||
iShares MSCI ACWI ex U.S. ETF | Over $100,000 | |||||
iShares MSCI EAFE Growth ETF | Over $100,000 | |||||
iShares MSCI EAFE Value ETF | Over $100,000 | |||||
iShares MSCI KLD 400 Social ETF | $10,001-$50,000 | |||||
iShares MSCI USA ESG Select ETF | $1-$10,000 | |||||
iShares MSCI USA Min Vol Factor ETF | $10,001-$50,000 | |||||
iShares MSCI USA Value Factor ETF | $50,001-$100,000 | |||||
iShares U.S. Energy ETF | $10,001-$50,000 | |||||
iShares U.S. Financial Services ETF | $10,001-$50,000 | |||||
Jane D. Carlin | iShares Core MSCI EAFE ETF | Over $100,000 | Over $100,000 | |||
iShares Core MSCI Emerging Markets ETF | Over $100,000 | |||||
iShares Core S&P Mid-Cap ETF | $10,001-$50,000 | |||||
iShares Core S&P Small-Cap ETF | Over $100,000 |
Name | Fund | Dollar Range of Equity Securities in Named Fund |
Aggregate Dollar Range of Equity Securities in all Registered Investment Companies Overseen by Trustee in Family of Investment Companies | |||
iShares Global Clean Energy ETF | $10,001-$50,000 | |||||
iShares MSCI ACWI ex U.S. ETF | Over $100,000 | |||||
iShares MSCI Global Metals & Mining Producers ETF | $10,001-$50,000 | |||||
iShares Select Dividend ETF | $10,001-$50,000 | |||||
Richard L. Fagnani | iShares 0-5 Year TIPS Bond ETF | $10,001-$50,000 | Over $100,000 | |||
iShares China Large-Cap ETF | $50,001-$100,000 | |||||
iShares Core Dividend Growth ETF | $10,001-$50,000 | |||||
iShares Core S&P 500 ETF | $50,001-$100,000 | |||||
iShares Core U.S. REIT ETF | $10,001-$50,000 | |||||
iShares Exponential Technologies ETF | $10,001-$50,000 | |||||
iShares Global Clean Energy ETF | $10,001-$50,000 | |||||
iShares GSCI Commodity Dynamic Roll Strategy ETF | $10,001-$50,000 | |||||
iShares MSCI All Country Asia ex Japan ETF | $10,001-$50,000 | |||||
iShares MSCI Japan ETF | $10,001-$50,000 | |||||
iShares MSCI Singapore ETF | $10,001-$50,000 | |||||
iShares MSCI USA Equal Weighted ETF | $10,001-$50,000 | |||||
iShares MSCI USA Quality Factor ETF | $10,001-$50,000 | |||||
iShares Robotics and Artificial Intelligence Multisector ETF | $10,001-$50,000 | |||||
iShares TIPS Bond ETF | $10,001-$50,000 | |||||
iShares U.S. Infrastructure ETF | $10,001-$50,000 | |||||
iShares U.S. Regional Banks ETF | $10,001-$50,000 | |||||
Cecilia H. Herbert | iShares California Muni Bond ETF | Over $100,000 | Over $100,000 | |||
iShares Core Dividend Growth ETF | Over $100,000 | |||||
iShares Core MSCI Emerging Markets ETF | $1-$10,000 | |||||
iShares Core MSCI Total International Stock ETF | $10,001-$50,000 | |||||
iShares Core S&P 500 ETF | Over $100,000 | |||||
iShares Core S&P U.S. Growth ETF | Over $100,000 | |||||
iShares Core S&P U.S. Value ETF | Over $100,000 | |||||
iShares iBoxx $ High Yield Corporate Bond ETF | $10,001-$50,000 | |||||
iShares International Select Dividend ETF | $1-$10,000 | |||||
iShares MSCI EAFE ETF | $1-$10,000 | |||||
iShares MSCI Japan ETF | $10,001-$50,000 |
Name | Fund | Dollar Range of Equity Securities in Named Fund |
Aggregate Dollar Range of Equity Securities in all Registered Investment Companies Overseen by Trustee in Family of Investment Companies | |||
iShares MSCI USA Value Factor ETF | Over $100,000 | |||||
iShares National Muni Bond ETF | $10,001-$50,000 | |||||
iShares Preferred and Income Securities ETF | $10,001-$50,000 | |||||
Drew E. Lawton | BlackRock Ultra Short-Term Bond ETF | Over $100,000 | Over $100,000 | |||
iShares 0-5 Year High Yield Corporate Bond ETF | $50,001-$100,000 | |||||
iShares Biotechnology ETF | Over $100,000 | |||||
iShares Core Dividend Growth ETF | Over $100,000 | |||||
iShares Core MSCI Total International Stock ETF | Over $100,000 | |||||
iShares Core S&P Total U.S. Stock Market ETF | Over $100,000 | |||||
iShares Expanded Tech Sector ETF | Over $100,000 | |||||
iShares Exponential Technologies ETF | Over $100,000 | |||||
iShares Global Financials ETF | $10,001-$50,000 | |||||
iShares U.S. Financial Services ETF | Over $100,000 | |||||
iShares U.S. Financials ETF | $50,001-$100,000 | |||||
iShares U.S. Healthcare ETF | Over $100,000 | |||||
John E. Martinez | iShares 1-5 Year Investment Grade Corporate Bond ETF | Over $100,000 | Over $100,000 | |||
iShares Core MSCI International Developed Markets ETF | $10,001-$50,000 | |||||
iShares Core S&P 500 ETF | Over $100,000 | |||||
iShares Core S&P Small-Cap ETF | Over $100,000 | |||||
iShares Core S&P Total U.S. Stock Market ETF | Over $100,000 | |||||
iShares Global Consumer Staples ETF | Over $100,000 | |||||
iShares Russell 1000 ETF | Over $100,000 | |||||
iShares Russell 1000 Value ETF | Over $100,000 | |||||
iShares Russell 2000 ETF | Over $100,000 | |||||
Madhav V. Rajan | None | None | None |
Name | iShares 0-5 Year High Yield Corporate Bond ETF |
iShares 0-5 Year Investment Grade Corporate Bond ETF |
iShares 0-5 Year TIPS Bond ETF |
iShares 1-3 Year International Treasury Bond ETF | ||||
Independent Trustees: | ||||||||
Jane D. Carlin | $2,630 | $1,298 | $3,835 | $39 | ||||
Richard L. Fagnani | 2,788 | 1,376 | 4,065 | 42 | ||||
Cecilia H. Herbert | 2,982 | 1,472 | 4,348 | 45 | ||||
John E. Kerrigan | 2,790 | 1,377 | 4,068 | 42 | ||||
Drew E. Lawton | 2,692 | 1,329 | 3,926 | 40 | ||||
John E. Martinez | 2,630 | 1,298 | 3,835 | 39 | ||||
Madhav V. Rajan | 2,630 | 1,298 | 3,835 | 39 | ||||
Interested Trustees: | ||||||||
Robert S. Kapito | $0 | $0 | $0 | $0 | ||||
Salim Ramji | 0 | 0 | 0 | 0 |
Name | iShares Aaa - A Rated Corporate Bond ETF |
iShares BB Rated Corporate Bond ETF |
iShares Broad USD High Yield Corporate Bond ETF |
iShares CMBS ETF | ||||
Independent Trustees: | ||||||||
Jane D. Carlin | $611 | $48 | $4,222 | $421 | ||||
Richard L. Fagnani | 647 | 51 | 4,476 | 446 | ||||
Cecilia H. Herbert | 692 | 55 | 4,787 | 477 | ||||
John E. Kerrigan | 648 | 51 | 4,479 | 447 | ||||
Drew E. Lawton | 625 | 49 | 4,322 | 431 | ||||
John E. Martinez | 611 | 48 | 4,222 | 421 | ||||
Madhav V. Rajan | 611 | 48 | 4,222 | 421 | ||||
Interested Trustees: | ||||||||
Robert S. Kapito | $0 | $0 | $0 | $0 | ||||
Salim Ramji | 0 | 0 | 0 | 0 |
Name | iShares Convertible Bond ETF |
iShares Core 1-5 Year USD Bond ETF |
iShares Core International Aggregate Bond ETF |
iShares ESG Advanced High Yield Corporate Bond ETF | ||||
Independent Trustees: | ||||||||
Jane D. Carlin | $975 | $3,162 | $1,649 | $64 |
Name | iShares Convertible Bond ETF |
iShares Core 1-5 Year USD Bond ETF |
iShares Core International Aggregate Bond ETF |
iShares ESG Advanced High Yield Corporate Bond ETF | ||||
Richard L. Fagnani | 1,033 | 3,352 | 1,747 | 68 | ||||
Cecilia H. Herbert | 1,105 | 3,586 | 1,869 | 73 | ||||
John E. Kerrigan | 1,034 | 3,355 | 1,749 | 68 | ||||
Drew E. Lawton | 998 | 3,237 | 1,687 | 66 | ||||
John E. Martinez | 975 | 3,162 | 1,649 | 64 | ||||
Madhav V. Rajan | 975 | 3,162 | 1,649 | 64 | ||||
Interested Trustees: | ||||||||
Robert S. Kapito | $0 | $0 | $0 | $0 | ||||
Salim Ramji | 0 | 0 | 0 | 0 |
Name | iShares Fallen Angels USD Bond ETF |
iShares Floating Rate Bond ETF |
iShares GNMA Bond ETF |
iShares International Treasury Bond ETF | ||||
Independent Trustees: | ||||||||
Jane D. Carlin | $1,514 | $3,287 | $249 | $591 | ||||
Richard L. Fagnani | 1,605 | 3,484 | 264 | 626 | ||||
Cecilia H. Herbert | 1,717 | 3,726 | 283 | 670 | ||||
John E. Kerrigan | 1,606 | 3,487 | 264 | 627 | ||||
Drew E. Lawton | 1,550 | 3,364 | 255 | 605 | ||||
John E. Martinez | 1,514 | 3,287 | 249 | 591 | ||||
Madhav V. Rajan | 1,514 | 3,287 | 249 | 591 | ||||
Interested Trustees: | ||||||||
Robert S. Kapito | $0 | $0 | $0 | $0 | ||||
Salim Ramji | 0 | 0 | 0 | 0 |
Name | iShares J.P. Morgan USD Emerging Markets Bond ETF |
iShares TIPS Bond ETF |
iShares Treasury Floating Rate Bond ETF |
iShares U.S. Fixed Income Balanced Risk Factor ETF | ||||
Independent Trustees: | ||||||||
Jane D. Carlin | $9,761 | $15,730 | $135 | $49 | ||||
Richard L. Fagnani | 10,347 | 16,675 | 143 | 52 | ||||
Cecilia H. Herbert | 11,066 | 17,835 | 153 | 56 | ||||
John E. Kerrigan | 10,354 | 16,687 | 143 | 52 | ||||
Drew E. Lawton | 9,991 | 16,101 | 138 | 50 | ||||
John E. Martinez | 9,761 | 15,730 | 135 | 49 | ||||
Madhav V. Rajan | 9,761 | 15,730 | 135 | 49 | ||||
Interested Trustees: | ||||||||
Robert S. Kapito | $0 | $0 | $0 | $0 | ||||
Salim Ramji | 0 | 0 | 0 | 0 |
Name | iShares U.S. Treasury Bond ETF |
iShares USD Green Bond ETF |
Pension or Retirement Benefits Accrued As Part of Trust Expenses1 |
Estimated Annual Benefits Upon Retirement1 |
Total Compensation From the Funds and Fund Complex2 | |||||
Independent Trustees: | ||||||||||
Jane D. Carlin | $6,436 | $122 | Not Applicable | Not Applicable | $420,000 | |||||
Richard L. Fagnani | 6,823 | 129 | Not Applicable | Not Applicable | 446,764 | |||||
Cecilia H. Herbert | 7,297 | 138 | Not Applicable | Not Applicable | 475,000 | |||||
John E. Kerrigan | 6,827 | 129 | Not Applicable | Not Applicable | 445,000 | |||||
Drew E. Lawton | 6,588 | 125 | Not Applicable | Not Applicable | 431,764 | |||||
John E. Martinez | 6,436 | 122 | Not Applicable | Not Applicable | 420,000 | |||||
Madhav V. Rajan | 6,436 | 122 | Not Applicable | Not Applicable | 420,000 | |||||
Interested Trustees: | ||||||||||
Robert S. Kapito | $0 | $0 | Not Applicable | Not Applicable | $0 | |||||
Salim Ramji | 0 | 0 | Not Applicable | Not Applicable | 0 |
1 | No Trustee or officer is entitled to any pension or retirement benefits from the Trust. |
2 | Also includes compensation for service on the Board of Trustees of iShares U.S. ETF Trust and the Board of Directors of iShares, Inc. |
Fund | Name | Percentage of Ownership | ||
iShares 0-5 Year High Yield Corporate Bond ETF | National Financial Services LLC 499 Washington Blvd Jersey City, NJ 07310 |
16.53% | ||
TD Ameritrade Clearing, Inc. 4700 Alliance Gateway Freeway Fort Worth, TX 76177 |
11.28% | |||
Charles Schwab & Co., Inc. 101 Montgomery Street San Francisco, CA 94014 |
11.05% | |||
Pershing LLC One Pershing Plaza Jersey City, NJ 07399 |
8.79% | |||
Northern Trust Company (The) 801 South Canal Street Chicago, IL 60607 |
7.80% | |||
iShares 0-5 Year Investment Grade Corporate Bond ETF | National Financial Services LLC 499 Washington Blvd Jersey City, NJ 07310 |
16.57% |
Fund | Name | Percentage of Ownership | ||
Charles Schwab & Co., Inc. 101 Montgomery Street San Francisco, CA 94014 |
11.61% | |||
Morgan Stanley Smith Barney LLC One New York Plaza New York, NY 10004 |
9.34% | |||
TD Ameritrade Clearing, Inc. 4700 Alliance Gateway Freeway Fort Worth, TX 76177 |
6.17% | |||
Citibank, N.A. 3800 CitiBank Center Tampa Building B/1st Floor Zone 8 Tampa, FL 33610-9122 |
5.72% | |||
iShares 0-5 Year TIPS Bond ETF | National Financial Services LLC 499 Washington Blvd Jersey City, NJ 07310 |
16.97% | ||
Charles Schwab & Co., Inc. 101 Montgomery Street San Francisco, CA 94014 |
15.61% | |||
Ameriprise Enterprise Investment Services, Inc. 901 3rd Avenue South Minneapolis, MN 55474 |
10.92% | |||
TD Ameritrade Clearing, Inc. 4700 Alliance Gateway Freeway Fort Worth, TX 76177 |
8.35% | |||
Pershing LLC One Pershing Plaza Jersey City, NJ 07399 |
6.35% | |||
iShares 1-3 Year International Treasury Bond ETF | Charles Schwab & Co., Inc. 101 Montgomery Street San Francisco, CA 94014 |
19.78% | ||
J.P. Morgan Securities, LLC/JPMC 383 Madison Avenue New York, NY 10179 |
14.14% | |||
TD Ameritrade Clearing, Inc. 4700 Alliance Gateway Freeway Fort Worth, TX 76177 |
12.88% | |||
Brown Brothers Harriman & Co. 525 Washington Blvd. 11th Floor Jersey City, NJ 07310 |
11.56% | |||
National Financial Services LLC 499 Washington Blvd Jersey City, NJ 07310 |
11.26% | |||
iShares Aaa - A Rated Corporate Bond ETF | Charles Schwab & Co., Inc. 101 Montgomery Street San Francisco, CA 94014 |
18.09% |
Fund | Name | Percentage of Ownership | ||
Brown Brothers Harriman & Co. 525 Washington Blvd. 11th Floor Jersey City, NJ 07310 |
17.45% | |||
Merrill Lynch, Pierce, Fenner & Smith Incorporated - TS Sub 101 Hudson Street 9th Floor Jersey City, NJ 07302-3997 |
11.57% | |||
JPMorgan Chase Bank, National Association 1111 Polaris Parkway Columbus, OH 43240 |
9.11% | |||
National Financial Services LLC 499 Washington Blvd Jersey City, NJ 07310 |
6.89% | |||
HSBC Bank USA, NA/Clearing 452 Fifth Avenue New York, NY 10018 |
5.88% | |||
iShares BB Rated Corporate Bond ETF | The Bank of New York Mellon 111 Sanders Creek Parkway 2nd Floor East Syracuse, NY 13057 |
59.12% | ||
LPL Financial Corporation 9785 Towne Centre Drive San Diego, CA 92121-1968 |
9.61% | |||
TD Ameritrade Clearing, Inc. 4700 Alliance Gateway Freeway Fort Worth, TX 76177 |
9.52% | |||
Northern Trust Company (The) 801 South Canal Street Chicago, IL 60607 |
5.26% | |||
iShares Broad USD High Yield Corporate Bond ETF | Merrill Lynch, Pierce, Fenner & Smith Incorporated - TS Sub 101 Hudson Street 9th Floor Jersey City, NJ 07302-3997 |
11.67% | ||
UBS Financial Services Inc. 1000 Harbor Blvd. Weehawken, NJ 07086 |
9.58% | |||
Northern Trust Company (The) 801 South Canal Street Chicago, IL 60607 |
8.68% | |||
National Financial Services LLC 499 Washington Blvd Jersey City, NJ 07310 |
8.20% | |||
State Street Bank and Trust Company 1776 Heritage Drive North Quincy, MA 02171 |
7.86% |
Fund | Name | Percentage of Ownership | ||
TD Ameritrade Clearing, Inc. 4700 Alliance Gateway Freeway Fort Worth, TX 76177 |
7.35% | |||
The Bank of New York Mellon 111 Sanders Creek Parkway 2nd Floor East Syracuse, NY 13057 |
7.28% | |||
Raymond, James & Associates, Inc. 880 Carillon Parkway P.O. Box 12749 St. Petersburg, FL 33733 |
6.77% | |||
Pershing LLC One Pershing Plaza Jersey City, NJ 07399 |
5.79% | |||
Wells Fargo Clearing Services LLC 2801 Market Street St Louis, MO 63103 |
5.60% | |||
Charles Schwab & Co., Inc. 101 Montgomery Street San Francisco, CA 94014 |
5.50% | |||
iShares CMBS ETF | The Bank of New York Mellon 111 Sanders Creek Parkway 2nd Floor East Syracuse, NY 13057 |
18.42% | ||
National Financial Services LLC 499 Washington Blvd Jersey City, NJ 07310 |
13.00% | |||
Morgan Stanley Smith Barney LLC One New York Plaza New York, NY 10004 |
9.03% | |||
Pershing LLC One Pershing Plaza Jersey City, NJ 07399 |
8.53% | |||
UBS Financial Services Inc. 1000 Harbor Blvd. Weehawken, NJ 07086 |
8.06% | |||
Reliance Trust Company, FIS TrustDesk MKE 11277 West Park Place, Suite 300 Milwaukee, WI 53224 |
7.98% | |||
Charles Schwab & Co., Inc. 101 Montgomery Street San Francisco, CA 94014 |
6.08% | |||
LPL Financial Corporation 9785 Towne Centre Drive San Diego, CA 92121-1968 |
5.53% | |||
iShares Convertible Bond ETF | National Financial Services LLC 499 Washington Blvd Jersey City, NJ 07310 |
16.81% |
Fund | Name | Percentage of Ownership | ||
Charles Schwab & Co., Inc. 101 Montgomery Street San Francisco, CA 94014 |
10.23% | |||
JPMorgan Chase Bank, National Association 1111 Polaris Parkway Columbus, OH 43240 |
8.30% | |||
TD Ameritrade Clearing, Inc. 4700 Alliance Gateway Freeway Fort Worth, TX 76177 |
6.62% | |||
Goldman, Sachs & Co. 30 Hudson Street 16th Floor Jersey City, NJ 07302 |
6.11% | |||
Merrill Lynch, Pierce, Fenner & Smith Incorporated - TS Sub 101 Hudson Street 9th Floor Jersey City, NJ 07302-3997 |
5.92% | |||
Brown Brothers Harriman & Co. 525 Washington Blvd. 11th Floor Jersey City, NJ 07310 |
5.52% | |||
iShares Core 1-5 Year USD Bond ETF | National Financial Services LLC 499 Washington Blvd Jersey City, NJ 07310 |
19.65% | ||
Charles Schwab & Co., Inc. 101 Montgomery Street San Francisco, CA 94014 |
18.87% | |||
Raymond, James & Associates, Inc. 880 Carillon Parkway P.O. Box 12749 St. Petersburg, FL 33733 |
13.58% | |||
Edward D. Jones & Co. 12555 Manchester Road Saint Louis, MO 63131 |
8.37% | |||
RBC Capital Markets, LLC 3 World Financial Center 200 Vesey Street New York, NY 10281-8098 |
5.47% | |||
TD Ameritrade Clearing, Inc. 4700 Alliance Gateway Freeway Fort Worth, TX 76177 |
5.10% | |||
iShares Core International Aggregate Bond ETF | JPMorgan Chase Bank, National Association 1111 Polaris Parkway Columbus, OH 43240 |
15.27% | ||
U.S. Bank N.A. 1555 North Rivercenter Dr. Suite 302 Milwaukee, WI 53212 |
11.85% |
Fund | Name | Percentage of Ownership | ||
BlackRock Institutional Trust Company, N.A. 400 Howard Street San Francisco, CA 94105 |
11.63% | |||
National Financial Services LLC 499 Washington Blvd Jersey City, NJ 07310 |
11.07% | |||
TD Ameritrade Clearing, Inc. 4700 Alliance Gateway Freeway Fort Worth, TX 76177 |
10.31% | |||
The Bank of New York Mellon 111 Sanders Creek Parkway 2nd Floor East Syracuse, NY 13057 |
7.44% | |||
Charles Schwab & Co., Inc. 101 Montgomery Street San Francisco, CA 94014 |
6.95% | |||
Northern Trust Company (The) 801 South Canal Street Chicago, IL 60607 |
5.97% | |||
The Bank of New York Mellon/Mellon Trust of New England, National Association 525 William Penn Place Suite 153-0400 Pittsburgh, PA 15259 |
5.87% | |||
iShares ESG Advanced High Yield Corporate Bond ETF | National Financial Services LLC 499 Washington Blvd Jersey City, NJ 07310 |
22.39% | ||
Charles Schwab & Co., Inc. 101 Montgomery Street San Francisco, CA 94014 |
20.29% | |||
TD Ameritrade Clearing, Inc. 4700 Alliance Gateway Freeway Fort Worth, TX 76177 |
9.90% | |||
The Bank of New York Mellon 111 Sanders Creek Parkway 2nd Floor East Syracuse, NY 13057 |
6.72% | |||
UBS Financial Services Inc. 1000 Harbor Blvd. Weehawken, NJ 07086 |
5.83% | |||
JPMorgan Chase Bank, National Association 1111 Polaris Parkway Columbus, OH 43240 |
5.82% | |||
Pershing LLC One Pershing Plaza Jersey City, NJ 07399 |
5.71% | |||
iShares Fallen Angels USD Bond ETF | National Financial Services LLC 499 Washington Blvd Jersey City, NJ 07310 |
25.25% |
Fund | Name | Percentage of Ownership | ||
TD Ameritrade Clearing, Inc. 4700 Alliance Gateway Freeway Fort Worth, TX 76177 |
13.82% | |||
Charles Schwab & Co., Inc. 101 Montgomery Street San Francisco, CA 94014 |
10.69% | |||
Pershing LLC One Pershing Plaza Jersey City, NJ 07399 |
7.84% | |||
The Bank of New York Mellon 111 Sanders Creek Parkway 2nd Floor East Syracuse, NY 13057 |
5.59% | |||
LPL Financial Corporation 9785 Towne Centre Drive San Diego, CA 92121-1968 |
5.42% | |||
iShares Floating Rate Bond ETF | National Financial Services LLC 499 Washington Blvd Jersey City, NJ 07310 |
13.67% | ||
Charles Schwab & Co., Inc. 101 Montgomery Street San Francisco, CA 94014 |
10.28% | |||
TD Ameritrade Clearing, Inc. 4700 Alliance Gateway Freeway Fort Worth, TX 76177 |
5.84% | |||
Pershing LLC One Pershing Plaza Jersey City, NJ 07399 |
5.41% | |||
Merrill Lynch, Pierce, Fenner & Smith Incorporated - TS Sub 101 Hudson Street 9th Floor Jersey City, NJ 07302-3997 |
5.16% | |||
iShares GNMA Bond ETF | Charles Schwab & Co., Inc. 101 Montgomery Street San Francisco, CA 94014 |
24.00% | ||
National Financial Services LLC 499 Washington Blvd Jersey City, NJ 07310 |
15.88% | |||
Brown Brothers Harriman & Co. 525 Washington Blvd. 11th Floor Jersey City, NJ 07310 |
10.98% | |||
Merrill Lynch, Pierce, Fenner & Smith Incorporated - TS Sub 101 Hudson Street 9th Floor Jersey City, NJ 07302-3997 |
7.07% |
Fund | Name | Percentage of Ownership | ||
TD Ameritrade Clearing, Inc. 4700 Alliance Gateway Freeway Fort Worth, TX 76177 |
6.52% | |||
iShares International Treasury Bond ETF | TD Ameritrade Clearing, Inc. 4700 Alliance Gateway Freeway Fort Worth, TX 76177 |
29.67% | ||
Charles Schwab & Co., Inc. 101 Montgomery Street San Francisco, CA 94014 |
27.33% | |||
National Financial Services LLC 499 Washington Blvd Jersey City, NJ 07310 |
7.94% | |||
iShares J.P. Morgan USD Emerging Markets Bond ETF | Wells Fargo Clearing Services LLC 2801 Market Street St Louis, MO 63103 |
8.57% | ||
National Financial Services LLC 499 Washington Blvd Jersey City, NJ 07310 |
7.00% | |||
Charles Schwab & Co., Inc. 101 Montgomery Street San Francisco, CA 94014 |
6.49% | |||
State Street Bank and Trust Company 1776 Heritage Drive North Quincy, MA 02171 |
6.44% | |||
Citibank, N.A. 3800 CitiBank Center Tampa Building B/1st Floor Zone 8 Tampa, FL 33610-9122 |
5.25% | |||
Northern Trust Company (The) 801 South Canal Street Chicago, IL 60607 |
5.14% | |||
Apex Clearing Corporation One Dallas Center 350 M. St. Paul Suite 1300 Dallas, TX 75201 |
5.04% | |||
iShares TIPS Bond ETF | National Financial Services LLC 499 Washington Blvd Jersey City, NJ 07310 |
15.46% | ||
Charles Schwab & Co., Inc. 101 Montgomery Street San Francisco, CA 94014 |
11.01% | |||
Merrill Lynch, Pierce, Fenner & Smith Incorporated - TS Sub 101 Hudson Street 9th Floor Jersey City, NJ 07302-3997 |
8.71% |
Fund | Name | Percentage of Ownership | ||
BlackRock Institutional Trust Company, N.A. 400 Howard Street San Francisco, CA 94105 |
6.76% | |||
Pershing LLC One Pershing Plaza Jersey City, NJ 07399 |
6.63% | |||
Morgan Stanley Smith Barney LLC One New York Plaza New York, NY 10004 |
6.42% | |||
TD Ameritrade Clearing, Inc. 4700 Alliance Gateway Freeway Fort Worth, TX 76177 |
5.81% | |||
iShares Treasury Floating Rate Bond ETF | National Financial Services LLC 499 Washington Blvd Jersey City, NJ 07310 |
18.90% | ||
LPL Financial Corporation 9785 Towne Centre Drive San Diego, CA 92121-1968 |
14.30% | |||
TD Ameritrade Clearing, Inc. 4700 Alliance Gateway Freeway Fort Worth, TX 76177 |
11.38% | |||
Charles Schwab & Co., Inc. 101 Montgomery Street San Francisco, CA 94014 |
11.24% | |||
Raymond, James & Associates, Inc. 880 Carillon Parkway P.O. Box 12749 St. Petersburg, FL 33733 |
8.01% | |||
Merrill Lynch, Pierce, Fenner & Smith Incorporated - TS Sub 101 Hudson Street 9th Floor Jersey City, NJ 07302-3997 |
5.16% | |||
iShares U.S. Fixed Income Balanced Risk Factor ETF | Charles Schwab & Co., Inc. 101 Montgomery Street San Francisco, CA 94014 |
27.59% | ||
State Street Bank and Trust Company 1776 Heritage Drive North Quincy, MA 02171 |
16.47% | |||
TD Ameritrade Clearing, Inc. 4700 Alliance Gateway Freeway Fort Worth, TX 76177 |
11.12% | |||
National Financial Services LLC 499 Washington Blvd Jersey City, NJ 07310 |
9.78% | |||
Ameriprise Enterprise Investment Services, Inc. 901 3rd Avenue South Minneapolis, MN 55474 |
9.77% | |||
Fund | Name | Percentage of Ownership | ||
iShares U.S. Treasury Bond ETF | National Financial Services LLC 499 Washington Blvd Jersey City, NJ 07310 |
26.40% | ||
Merrill Lynch, Pierce, Fenner & Smith Incorporated - TS Sub 101 Hudson Street 9th Floor Jersey City, NJ 07302-3997 |
9.20% | |||
TD Ameritrade Clearing, Inc. 4700 Alliance Gateway Freeway Fort Worth, TX 76177 |
9.15% | |||
Charles Schwab & Co., Inc. 101 Montgomery Street San Francisco, CA 94014 |
8.58% | |||
J.P. Morgan Securities, LLC/JPMC 383 Madison Avenue New York, NY 10179 |
7.56% | |||
Pershing LLC One Pershing Plaza Jersey City, NJ 07399 |
6.15% | |||
iShares USD Green Bond ETF | Charles Schwab & Co., Inc. 101 Montgomery Street San Francisco, CA 94014 |
19.88% | ||
Apex Clearing Corporation One Dallas Center 350 M. St. Paul Suite 1300 Dallas, TX 75201 |
16.65% | |||
National Financial Services LLC 499 Washington Blvd Jersey City, NJ 07310 |
10.70% | |||
TD Ameritrade Clearing, Inc. 4700 Alliance Gateway Freeway Fort Worth, TX 76177 |
6.50% |
Fund | Management Fees for Fiscal Year Ended Oct. 31, 2021 |
Fund Inception Date |
Management Fees Paid Net of Waivers for Fiscal Year Ended Oct. 31, 2021 |
Management Fees Paid Net of Waivers for Fiscal Year Ended Oct. 31, 2020 |
Management Fees Paid Net of Waivers for Fiscal Year Ended Oct. 31, 2019 | |||||
iShares 0-5 Year High Yield Corporate Bond ETF | 0.30% | 10/15/13 | $15,434,254 | $12,674,255 | $8,586,927 | |||||
iShares 0-5 Year Investment Grade Corporate Bond ETF | 0.06% | 10/15/13 | 1,415,260 | 1,205,059 | 1,010,028 | |||||
iShares 0-5 Year TIPS Bond ETF1 | 0.05% | 12/01/10 | 2,438,584 | 1,431,764 | 1,384,635 | |||||
iShares 1-3 Year International Treasury Bond ETF2 | 0.35% | 01/21/09 | 208,148 | 97,722 | 63,382 | |||||
iShares Aaa - A Rated Corporate Bond ETF | 0.15% | 02/14/12 | 1,942,677 | 1,364,157 | 458,469 | |||||
iShares BB Rated Corporate Bond ETF3 | 0.25% | 10/06/20 | 165,395 | 4,234 | N/A | |||||
iShares Broad USD High Yield Corporate Bond ETF4 | 0.22% | 10/25/17 | 11,564,796 | 6,680,494 | 1,787,852 | |||||
iShares CMBS ETF | 0.25% | 02/14/12 | 1,592,431 | 1,108,066 | 886,494 | |||||
iShares Convertible Bond ETF | 0.20% | 06/02/15 | 3,173,405 | 1,242,706 | 672,542 | |||||
iShares Core 1-5 Year USD Bond ETF5 | 0.06% | 10/18/12 | 3,015,346 | 2,210,965 | 1,445,209 | |||||
iShares Core International Aggregate Bond ETF6 | 0.08% | 11/10/15 | 2,997,520 | 2,218,613 | 1,221,433 | |||||
iShares ESG Advanced High Yield Corporate Bond ETF7 | 0.35% | 06/14/16 | 348,108 | 192,350 | 58,399 | |||||
iShares Fallen Angels USD Bond ETF | 0.25% | 06/14/16 | 5,158,022 | 496,670 | 217,824 | |||||
iShares Floating Rate Bond ETF8 | 0.15% | 06/14/11 | 12,213,716 | 15,148,880 | 20,992,540 | |||||
iShares GNMA Bond ETF9,10 | 0.10% | 02/14/12 | 662,887 | 372,927 | 167,362 | |||||
iShares International Treasury Bond ETF | 0.35% | 01/21/09 | 4,215,848 | 3,177,070 | 3,225,458 | |||||
iShares J.P. Morgan USD Emerging Markets Bond ETF | 0.39% | 12/17/07 | 74,428,525 | 58,033,230 | 60,648,321 | |||||
iShares TIPS Bond ETF | 0.19% | 12/04/03 | 52,943,482 | 40,449,923 | 40,445,166 | |||||
iShares Treasury Floating Rate Bond ETF11 | 0.15% | 02/03/14 | 494,120 | 704,942 | 837,656 | |||||
iShares U.S. Fixed Income Balanced Risk Factor ETF12 | 0.25% | 02/24/15 | 294,938 | 368,027 | 291,842 | |||||
iShares U.S. Treasury Bond ETF13 | 0.05% | 02/14/12 | 13,705,632 | 22,882,172 | 15,215,302 | |||||
iShares USD Green Bond ETF14,15 | 0.25% | 11/13/18 | 400,519 | 147,331 | 51,818 |
1 | Effective January 5, 2022, the management fee for the iShares 0-5 Year TIPS Bond ETF is 0.03%. From December 17, 2020 to January 4, 2022, the management fee for the iShares 0-5 Year TIPS Bond ETF was 0.05%. Prior to December 17, 2020, the management fee for the iShares 0-5 Year TIPS Bond ETF was 0.06%. |
2 | For the iShares 1-3 Year International Treasury Bond ETF, for the fiscal years ended October 31, 2020 and October 31, 2019, BFA voluntarily waived $108,799 and $188,754 of its management fees, respectively. The voluntary waiver was discontinued beginning on June 15, 2020. |
3 | For the iShares BB Rated Corporate Bond ETF, BFA has elected to implement a voluntary fee waiver at an annual rate of 0.10% and currently intends to keep such voluntary fee waiver for the Fund in place through October 31, 2023. Any voluntary waiver or reimbursement implemented by BFA may be eliminated by BFA at any time. For the fiscal years ended October 31, 2021 and October 31, 2020, BFA voluntarily waived $110,263 and $2,823 of its management fees, respectively. |
4 | For the iShares Broad USD High Yield Corporate Bond ETF, BFA has contractually agreed to waive a portion of its management fee so that the Fund’s total annual fund operating expenses after the fee waiver will not exceed 0.15% through February 28, 2023. The contractual waiver may be |
terminated prior to February 28, 2023 only upon written agreement of the Trust and BFA. BFA may from time to time voluntarily waive and/or reimburse fees or expenses in order to limit total annual fund operating expenses (excluding acquired fund fees and expenses, if any). Any such voluntary waiver or reimbursement implemented by BFA may be eliminated by BFA at any time. BFA previously voluntarily agreed to waive a portion of its management fee. As of February 28, 2020, the voluntary waiver is no longer in effect. For the fiscal years ended October 31, 2021, October 31, 2020 and October 31, 2019, BFA waived $5,396,905, $3,117,565 and $706,834 of its management fees, respectively. | |
5 | For the iShares Core 1-5 Year USD Bond ETF, BFA has contractually agreed to waive its management fees in an amount equal to Acquired Fund Fees and Expenses, if any, attributable to investments by the Fund in other registered investment companies advised by BFA, or its affiliates, through February 29, 2024. The contractual waiver may be terminated prior to February 29, 2024 only upon written agreement of the Trust and BFA. For the fiscal years ended October 31, 2021, October 31, 2020 and October 31, 2019, BFA waived $138,026, $99,941 and $67,927 of its management fees, respectively. |
6 | Effective March 31, 2022, the management fee for the iShares Core International Aggregate Bond ETF is 0.07%. From December 17, 2020 to March 30, 2022, the management fee for the iShares Core International Aggregate Bond ETF was 0.08%. Prior to December 17, 2020, the management fee for the iShares Core International Aggregate Bond ETF was 0.09%. |
7 | Effective September 15, 2020, the management fee for the iShares ESG Advanced High Yield Corporate Bond ETF is 0.35%. Prior to September 15, 2020, the management fee for the iShares ESG Advanced High Yield Corporate Bond ETF was 0.50%. |
8 | Effective October 20, 2021, the management fee for the iShares Floating Rate Bond ETF is 0.15%. Prior to October 20, 2021, the management fee for the iShares Floating Rate Bond ETF was 0.20%. |
9 | For the iShares GNMA Bond ETF, BFA has contractually agreed to waive a portion of its management fees in an amount equal to Acquired Fund Fees and Expenses, if any, attributable to investments by the Fund in other registered investment companies through February 29, 2024. The contractual waiver may be terminated prior to February 29, 2024 only upon written agreement of the Trust and BFA. For the fiscal years ended October 31, 2021, October 31, 2020 and October 31, 2019, BFA waived $82,659, $87,285 and $28,318 of its management fees, respectively. |
10 | Effective October 20, 2021, the management fee for the iShares GNMA Bond ETF is 0.10%. Prior to October 20, 2021, the management fee for the iShares GNMA Bond ETF was 0.15%. |
11 | For the iShares Treasury Floating Rate Bond ETF, for the fiscal years ended October 31, 2020 and October 31, 2019, BFA voluntarily waived $0 and $0 of its management fees, respectively. The voluntary waiver was discontinued beginning on June 15, 2020. |
12 | For the iShares U.S. Fixed Income Balanced Risk Factor ETF, BFA has contractually agreed to waive a portion of its management fees in an amount equal to the Acquired Fund Fees and Expenses, if any, attributable to investments by the Fund in other registered investment companies advised by BFA, or its affiliates, through February 29, 2024. The contractual waiver may be terminated prior to February 29, 2024 only upon written agreement of the Trust and BFA. For the fiscal years ended October 31, 2021, October 31, 2020 and October 31, 2019, BFA contractually waived $5,677, $12,533 and $3,879 of its management fees, respectively. |
13 | Effective April 1, 2021, the management fee for the iShares U.S. Treasury Bond ETF is 0.05%. Prior to April 1, 2021, the management fee for the iShares U.S. Treasury Bond ETF was 0.15%. |
14 | Effective December 15, 2021, the management fee for the iShares USD Green Bond ETF is 0.20%. Prior to December 15, 2021, the management fee for the iShares USD Green Bond ETF was 0.25%. |
15 | For the iShares USD Green Bond ETF, BFA had contractually agreed to waive a portion of its management fee such that the Fund's total annual fund operating expenses after the fee waiver would not exceed 0.20% through March 1, 2022. The contractual waiver was discontinued on December 15, 2021. BFA may from time to time voluntarily waive and/or reimburse fees or expenses to reduce the Total Annual Fund Operating Expenses for the Fund. BFA has elected to implement a voluntary fee waiver at an annual rate of 0.12% and currently intends to keep such voluntary fee waiver for the Fund in place through March 8, 2023. Any such voluntary waiver or reimbursement may be eliminated by BFA at any time. For the fiscal years ended October 31, 2021, October 31, 2020 and October 31, 2019, BFA waived $100,130, $36,833 and $12,954 of its management fees, respectively. |
John Hutson* (as of December 31, 2021) | ||||
Types of Accounts | Number | Total Assets | ||
Registered Investment Companies | 1 | $260,000,000 | ||
Other Pooled Investment Vehicles | 36 | 31,062,000,000 | ||
Other Accounts | 9 | 9,025,000,000 |
* | Portfolio Manager for iShares 1-3 Year International Treasury Bond ETF, iShares Core International Aggregate Bond ETF and iShares International Treasury Bond ETF only |
James Mauro | ||||
Types of Accounts | Number | Total Assets | ||
Registered Investment Companies | 91 | $387,059,000,000 | ||
Other Pooled Investment Vehicles | 43 | 147,989,000,000 | ||
Other Accounts | 34 | 37,208,000,000 |
Scott Radell* | ||||
Types of Accounts | Number | Total Assets | ||
Registered Investment Companies | 109 | $514,593,000,000 | ||
Other Pooled Investment Vehicles | 48 | 56,958,000,000 | ||
Other Accounts | 13 | 7,833,000,000 |
* | Portfolio Manager for iShares U.S. Fixed Income Balanced Risk Factor ETF only |
Karen Uyehara* | ||||
Types of Accounts | Number | Total Assets | ||
Registered Investment Companies | 38 | $168,170,000,000 | ||
Other Pooled Investment Vehicles | 50 | 117,123,000,000 | ||
Other Accounts | 57 | 85,854,000,000 |
* | Portfolio Manager for all Funds except iShares 1-3 Year International Treasury Bond ETF, iShares Core International Aggregate Bond ETF, iShares International Treasury Bond ETF and iShares U.S. Fixed Income Balanced Risk Factor ETF |
John Hutson* (as of December 31, 2021) | ||||
Types of Accounts | Number of Other Accounts with Performance Fees Managed by Portfolio Manager |
Aggregate of Total Assets | ||
Registered Investment Companies | 0 | N/A | ||
Other Pooled Investment Vehicles | 0 | N/A | ||
Other Accounts | 0 | N/A |
* | Portfolio Manager for iShares 1-3 Year International Treasury Bond ETF, iShares Core International Aggregate Bond ETF and iShares International Treasury Bond ETF only |
James Mauro | ||||
Types of Accounts | Number of Other Accounts with Performance Fees Managed by Portfolio Manager |
Aggregate of Total Assets | ||
Registered Investment Companies | 0 | N/A |
James Mauro | ||||
Types of Accounts | Number of Other Accounts with Performance Fees Managed by Portfolio Manager |
Aggregate of Total Assets | ||
Other Pooled Investment Vehicles | 0 | N/A | ||
Other Accounts | 0 | N/A |
Scott Radell* | ||||
Types of Accounts | Number of Other Accounts with Performance Fees Managed by Portfolio Manager |
Aggregate of Total Assets | ||
Registered Investment Companies | 0 | N/A | ||
Other Pooled Investment Vehicles | 2 | $81,000,000 | ||
Other Accounts | 3 | 2,082,000,000 |
* | Portfolio Manager for iShares U.S. Fixed Income Balanced Risk Factor ETF only |
Karen Uyehara* | ||||
Types of Accounts | Number of Other Accounts with Performance Fees Managed by Portfolio Manager |
Aggregate of Total Assets | ||
Registered Investment Companies | 0 | N/A | ||
Other Pooled Investment Vehicles | 4 | $1,257,000,000 | ||
Other Accounts | 4 | 2,586,000,000 |
* | Portfolio Manager for all Funds except iShares 1-3 Year International Treasury Bond ETF, iShares Core International Aggregate Bond ETF, iShares International Treasury Bond ETF and iShares U.S. Fixed Income Balanced Risk Factor ETF |
John Hutson (As of December 31, 2021) | |||||||||||||||
Dollar Range | |||||||||||||||
Fund | None | $1 to $10k | $10,001 to $50k |
$50,001 to $100k |
$100,001 to $500k |
$500,001 to $1m |
over $1m | ||||||||
iShares 0-5 Year High Yield Corporate Bond ETF | X | ||||||||||||||
iShares 0-5 Year Investment Grade Corporate Bond ETF | X | ||||||||||||||
iShares 0-5 Year TIPS Bond ETF | X | ||||||||||||||
iShares 1-3 Year International Treasury Bond ETF | X | ||||||||||||||
iShares Aaa - A Rated Corporate Bond ETF | X | ||||||||||||||
iShares BB Rated Corporate Bond ETF | X | ||||||||||||||
iShares Broad USD High Yield Corporate Bond ETF | X | ||||||||||||||
iShares CMBS ETF | X | ||||||||||||||
iShares Convertible Bond ETF | X | ||||||||||||||
iShares Core 1-5 Year USD Bond ETF | X | ||||||||||||||
iShares Core International Aggregate Bond ETF | X | ||||||||||||||
iShares ESG Advanced High Yield Corporate Bond ETF | X | ||||||||||||||
iShares Fallen Angels USD Bond ETF | X | ||||||||||||||
iShares Floating Rate Bond ETF | X | ||||||||||||||
iShares GNMA Bond ETF | X | ||||||||||||||
iShares International Treasury Bond ETF | X | ||||||||||||||
iShares J.P. Morgan USD Emerging Markets Bond ETF | X | ||||||||||||||
iShares TIPS Bond ETF | X | ||||||||||||||
iShares Treasury Floating Rate Bond ETF | X | ||||||||||||||
iShares U.S. Fixed Income Balanced Risk Factor ETF | X | ||||||||||||||
iShares U.S. Treasury Bond ETF | X | ||||||||||||||
iShares USD Green Bond ETF | X |
James Mauro | |||||||||||||||
Dollar Range | |||||||||||||||
Fund | None | $1 to $10k | $10,001 to $50k |
$50,001 to $100k |
$100,001 to $500k |
$500,001 to $1m |
over $1m | ||||||||
iShares 0-5 Year High Yield Corporate Bond ETF | X | ||||||||||||||
iShares 0-5 Year Investment Grade Corporate Bond ETF | X | ||||||||||||||
iShares 0-5 Year TIPS Bond ETF | X | ||||||||||||||
iShares 1-3 Year International Treasury Bond ETF | X | ||||||||||||||
iShares Aaa - A Rated Corporate Bond ETF | X | ||||||||||||||
iShares BB Rated Corporate Bond ETF | X | ||||||||||||||
iShares Broad USD High Yield Corporate Bond ETF | X | ||||||||||||||
iShares CMBS ETF | X | ||||||||||||||
iShares Convertible Bond ETF | X | ||||||||||||||
iShares Core 1-5 Year USD Bond ETF | X | ||||||||||||||
iShares Core International Aggregate Bond ETF | X |
James Mauro | |||||||||||||||
Dollar Range | |||||||||||||||
Fund | None | $1 to $10k | $10,001 to $50k |
$50,001 to $100k |
$100,001 to $500k |
$500,001 to $1m |
over $1m | ||||||||
iShares ESG Advanced High Yield Corporate Bond ETF | X | ||||||||||||||
iShares Fallen Angels USD Bond ETF | X | ||||||||||||||
iShares Floating Rate Bond ETF | X | ||||||||||||||
iShares GNMA Bond ETF | X | ||||||||||||||
iShares International Treasury Bond ETF | X | ||||||||||||||
iShares J.P. Morgan USD Emerging Markets Bond ETF | X | ||||||||||||||
iShares TIPS Bond ETF | X | ||||||||||||||
iShares Treasury Floating Rate Bond ETF | X | ||||||||||||||
iShares U.S. Fixed Income Balanced Risk Factor ETF | X | ||||||||||||||
iShares U.S. Treasury Bond ETF | X | ||||||||||||||
iShares USD Green Bond ETF | X |
Scott Radell | |||||||||||||||
Dollar Range | |||||||||||||||
Fund | None | $1 to $10k | $10,001 to $50k |
$50,001 to $100k |
$100,001 to $500k |
$500,001 to $1m |
over $1m | ||||||||
iShares 0-5 Year High Yield Corporate Bond ETF | X | ||||||||||||||
iShares 0-5 Year Investment Grade Corporate Bond ETF | X | ||||||||||||||
iShares 0-5 Year TIPS Bond ETF | X | ||||||||||||||
iShares 1-3 Year International Treasury Bond ETF | X | ||||||||||||||
iShares Aaa - A Rated Corporate Bond ETF | X | ||||||||||||||
iShares BB Rated Corporate Bond ETF | X | ||||||||||||||
iShares Broad USD High Yield Corporate Bond ETF | X | ||||||||||||||
iShares CMBS ETF | X | ||||||||||||||
iShares Convertible Bond ETF | X | ||||||||||||||
iShares Core 1-5 Year USD Bond ETF | X | ||||||||||||||
iShares Core International Aggregate Bond ETF | X | ||||||||||||||
iShares ESG Advanced High Yield Corporate Bond ETF | X | ||||||||||||||
iShares Fallen Angels USD Bond ETF | X | ||||||||||||||
iShares Floating Rate Bond ETF | X | ||||||||||||||
iShares GNMA Bond ETF | X | ||||||||||||||
iShares International Treasury Bond ETF | X | ||||||||||||||
iShares J.P. Morgan USD Emerging Markets Bond ETF | X | ||||||||||||||
iShares TIPS Bond ETF | X | ||||||||||||||
iShares Treasury Floating Rate Bond ETF | X | ||||||||||||||
iShares U.S. Fixed Income Balanced Risk Factor ETF | X | ||||||||||||||
iShares U.S. Treasury Bond ETF | X | ||||||||||||||
iShares USD Green Bond ETF | X |
Karen Uyehara | |||||||||||||||
Dollar Range | |||||||||||||||
Fund | None | $1 to $10k | $10,001 to $50k |
$50,001 to $100k |
$100,001 to $500k |
$500,001 to $1m |
over $1m | ||||||||
iShares 0-5 Year High Yield Corporate Bond ETF | X | ||||||||||||||
iShares 0-5 Year Investment Grade Corporate Bond ETF | X | ||||||||||||||
iShares 0-5 Year TIPS Bond ETF | X | ||||||||||||||
iShares 1-3 Year International Treasury Bond ETF | X | ||||||||||||||
iShares Aaa - A Rated Corporate Bond ETF | X | ||||||||||||||
iShares BB Rated Corporate Bond ETF | X | ||||||||||||||
iShares Broad USD High Yield Corporate Bond ETF | X | ||||||||||||||
iShares CMBS ETF | X | ||||||||||||||
iShares Convertible Bond ETF | X | ||||||||||||||
iShares Core 1-5 Year USD Bond ETF | X | ||||||||||||||
iShares Core International Aggregate Bond ETF | X | ||||||||||||||
iShares ESG Advanced High Yield Corporate Bond ETF | X | ||||||||||||||
iShares Fallen Angels USD Bond ETF | X | ||||||||||||||
iShares Floating Rate Bond ETF | X | ||||||||||||||
iShares GNMA Bond ETF | X | ||||||||||||||
iShares International Treasury Bond ETF | X | ||||||||||||||
iShares J.P. Morgan USD Emerging Markets Bond ETF | X | ||||||||||||||
iShares TIPS Bond ETF | X | ||||||||||||||
iShares Treasury Floating Rate Bond ETF | X | ||||||||||||||
iShares U.S. Fixed Income Balanced Risk Factor ETF | X | ||||||||||||||
iShares U.S. Treasury Bond ETF | X | ||||||||||||||
iShares USD Green Bond ETF | X |
Fund | Fund Inception Date |
Custody, Administration & Transfer Agency Expenses Paid During Fiscal Year Ended Oct. 31, 2021 |
Custody, Administration & Transfer Agency Expenses Paid During Fiscal Year Ended Oct. 31, 2020 |
Custody, Administration & Transfer Agency Expenses Paid During Fiscal Year Ended Oct. 31, 2019 | ||||
iShares 0-5 Year High Yield Corporate Bond ETF | 10/15/13 | $75,557 | $46,675 | $22,323 | ||||
iShares 0-5 Year Investment Grade Corporate Bond ETF | 10/15/13 | 38,392 | 32,395 | 24,929 | ||||
iShares 0-5 Year TIPS Bond ETF | 12/01/10 | 68,482 | 37,564 | 38,840 | ||||
iShares 1-3 Year International Treasury Bond ETF | 01/21/09 | 28,159 | 28,478 | 26,378 | ||||
iShares Aaa - A Rated Corporate Bond ETF | 02/14/12 | 28,882 | 26,916 | 21,098 | ||||
iShares BB Rated Corporate Bond ETF | 10/06/20 | 20,852 | 3,004 | N/A | ||||
iShares Broad USD High Yield Corporate Bond ETF | 10/25/17 | 110,789 | 63,850 | 25,253 | ||||
iShares CMBS ETF | 02/14/12 | 25,149 | 21,861 | 20,537 | ||||
iShares Convertible Bond ETF | 06/02/15 | 30,337 | 23,133 | 21,304 | ||||
iShares Core 1-5 Year USD Bond ETF | 10/18/12 | 175,774 | 144,683 | 115,158 | ||||
iShares Core International Aggregate Bond ETF | 11/10/15 | 409,786 | 318,362 | 166,465 | ||||
iShares ESG Advanced High Yield Corporate Bond ETF | 06/14/16 | 21,072 | 21,534 | 18,037 | ||||
iShares Fallen Angels USD Bond ETF | 06/14/16 | 36,498 | 20,952 | 18,236 | ||||
iShares Floating Rate Bond ETF | 06/14/11 | 84,748 | 86,715 | 104,638 | ||||
iShares GNMA Bond ETF | 02/14/12 | 80,790 | 74,134 | 72,609 | ||||
iShares International Treasury Bond ETF | 01/21/09 | 128,992 | 115,449 | 90,060 | ||||
iShares J.P. Morgan USD Emerging Markets Bond ETF | 12/17/07 | 2,052,282 | 1,615,504 | 1,619,309 | ||||
iShares TIPS Bond ETF | 12/04/03 | 371,517 | 290,169 | 289,813 | ||||
iShares Treasury Floating Rate Bond ETF | 02/03/14 | 19,659 | 21,176 | 20,315 | ||||
iShares U.S. Fixed Income Balanced Risk Factor ETF | 02/24/15 | 79,606 | 75,330 | 74,107 | ||||
iShares U.S. Treasury Bond ETF | 02/14/12 | 205,185 | 209,502 | 142,976 | ||||
iShares USD Green Bond ETF | 11/13/18 | 42,455 | 33,564 | 25,504 |
Fund | iShares 0-5 Year High Yield Corporate Bond ETF |
iShares 0-5 Year Investment Grade Corporate Bond ETF |
iShares 0-5 Year TIPS Bond ETF |
iShares 1-3 Year International Treasury Bond ETF |
Gross income from securities lending activities |
$2,271,377 | $245,803 | $181,828 | N/A |
Fees and/or compensation for securities lending activities and related services |
||||
Securities lending income paid to BTC for services as securities lending agent |
374,133 | 33,433 | 8,968 | N/A |
Cash collateral management expenses not included in securities lending income paid to BTC |
192,811 | 38,911 | 44,563 | N/A |
Administrative fees not included in securities lending income paid to BTC |
0 | 0 | 0 | N/A |
Fund | iShares 0-5 Year High Yield Corporate Bond ETF |
iShares 0-5 Year Investment Grade Corporate Bond ETF |
iShares 0-5 Year TIPS Bond ETF |
iShares 1-3 Year International Treasury Bond ETF |
Indemnification fees not included in securities lending income paid to BTC |
0 | 0 | 0 | N/A |
Rebates (paid to borrowers) |
48 | 4 | 3,113 | N/A |
Other fees not included in securities lending income paid to BTC |
0 | 0 | 0 | N/A |
Aggregate fees/compensation for securities lending activities |
$566,992 | $72,348 | $56,644 | N/A |
Net income from securities lending activities |
$1,704,385 | $173,455 | $125,184 | N/A |
Fund | iShares Aaa - A Rated Corporate Bond ETF |
iShares BB Rated Corporate Bond ETF |
iShares Broad USD High Yield Corporate Bond ETF |
iShares CMBS ETF |
Gross income from securities lending activities |
$198,412 | $12,325 | $3,836,215 | N/A |
Fees and/or compensation for securities lending activities and related services |
||||
Securities lending income paid to BTC for services as securities lending agent |
27,733 | 1,681 | 618,789 | N/A |
Cash collateral management expenses not included in securities lending income paid to BTC |
30,107 | 1,985 | 398,493 | N/A |
Fund | iShares Aaa - A Rated Corporate Bond ETF |
iShares BB Rated Corporate Bond ETF |
iShares Broad USD High Yield Corporate Bond ETF |
iShares CMBS ETF |
Administrative fees not included in securities lending income paid to BTC |
0 | 0 | 0 | N/A |
Indemnification fees not included in securities lending income paid to BTC |
0 | 0 | 0 | N/A |
Rebates (paid to borrowers) |
4 | 6 | 5 | N/A |
Other fees not included in securities lending income paid to BTC |
0 | 0 | 0 | N/A |
Aggregate fees/compensation for securities lending activities |
$57,844 | $3,672 | $1,017,287 | N/A |
Net income from securities lending activities |
$140,568 | $8,653 | $2,818,928 | N/A |
Fund | iShares Convertible Bond ETF |
iShares Core 1-5 Year USD Bond ETF |
iShares Core International Aggregate Bond ETF |
iShares ESG Advanced High Yield Corporate Bond ETF |
Gross income from securities lending activities |
$3,088 | $300,699 | N/A | $35,300 |
Fees and/or compensation for securities lending activities and related services |
||||
Securities lending income paid to BTC for services as securities lending agent |
344 | 49,795 | N/A | 5,607 |
Fund | iShares Convertible Bond ETF |
iShares Core 1-5 Year USD Bond ETF |
iShares Core International Aggregate Bond ETF |
iShares ESG Advanced High Yield Corporate Bond ETF |
Cash collateral management expenses not included in securities lending income paid to BTC |
580 | 21,820 | N/A | 4,148 |
Administrative fees not included in securities lending income paid to BTC |
0 | 0 | N/A | 0 |
Indemnification fees not included in securities lending income paid to BTC |
0 | 0 | N/A | 0 |
Rebates (paid to borrowers) |
1 | 1,110 | N/A | 0 |
Other fees not included in securities lending income paid to BTC |
0 | 0 | N/A | 0 |
Aggregate fees/compensation for securities lending activities |
$925 | $72,725 | N/A | $9,755 |
Net income from securities lending activities |
$2,163 | $227,974 | N/A | $25,545 |
Fund | iShares Fallen Angels USD Bond ETF |
iShares Floating Rate Bond ETF |
iShares GNMA Bond ETF |
iShares International Treasury Bond ETF |
Gross income from securities lending activities |
$989,897 | $528,123 | N/A | N/A |
Fees and/or compensation for securities lending activities and related services |
Fund | iShares Fallen Angels USD Bond ETF |
iShares Floating Rate Bond ETF |
iShares GNMA Bond ETF |
iShares International Treasury Bond ETF |
Securities lending income paid to BTC for services as securities lending agent |
164,198 | 78,365 | N/A | N/A |
Cash collateral management expenses not included in securities lending income paid to BTC |
77,686 | 74,550 | N/A | N/A |
Administrative fees not included in securities lending income paid to BTC |
0 | 0 | N/A | N/A |
Indemnification fees not included in securities lending income paid to BTC |
0 | 0 | N/A | N/A |
Rebates (paid to borrowers) |
0 | 14 | N/A | N/A |
Other fees not included in securities lending income paid to BTC |
0 | 0 | N/A | N/A |
Aggregate fees/compensation for securities lending activities |
$241,884 | $152,929 | N/A | N/A |
Net income from securities lending activities |
$748,013 | $375,194 | N/A | N/A |
Fund | iShares J.P. Morgan USD Emerging Markets Bond ETF |
iShares TIPS Bond ETF |
iShares Treasury Floating Rate Bond ETF |
iShares U.S. Fixed Income Balanced Risk Factor ETF |
Gross income from securities lending activities |
N/A | $585,354 | $15,620 | $12,848 |
Fund | iShares J.P. Morgan USD Emerging Markets Bond ETF |
iShares TIPS Bond ETF |
iShares Treasury Floating Rate Bond ETF |
iShares U.S. Fixed Income Balanced Risk Factor ETF |
Fees and/or compensation for securities lending activities and related services |
||||
Securities lending income paid to BTC for services as securities lending agent |
N/A | 38,447 | (202) | 2,038 |
Cash collateral management expenses not included in securities lending income paid to BTC |
N/A | 136,434 | 4,054 | 1,508 |
Administrative fees not included in securities lending income paid to BTC |
N/A | 0 | 0 | 0 |
Indemnification fees not included in securities lending income paid to BTC |
N/A | 0 | 0 | 0 |
Rebates (paid to borrowers) |
N/A | 398 | 2,774 | 2 |
Other fees not included in securities lending income paid to BTC |
N/A | 0 | 0 | 0 |
Aggregate fees/compensation for securities lending activities |
N/A | $175,279 | $6,626 | $3,548 |
Net income from securities lending activities |
N/A | $410,075 | $8,994 | $9,300 |
Fund | iShares U.S. Treasury Bond ETF |
iShares USD Green Bond ETF |
Gross income from securities lending activities |
$724,001 | $6,237 |
Fund | iShares U.S. Treasury Bond ETF |
iShares USD Green Bond ETF |
Fees and/or compensation for securities lending activities and related services |
||
Securities lending income paid to BTC for services as securities lending agent |
32,141 | 899 |
Cash collateral management expenses not included in securities lending income paid to BTC |
176,604 | 893 |
Administrative fees not included in securities lending income paid to BTC |
0 | 0 |
Indemnification fees not included in securities lending income paid to BTC |
0 | 0 |
Rebates (paid to borrowers) |
20,918 | 1 |
Other fees not included in securities lending income paid to BTC |
0 | 0 |
Aggregate fees/compensation for securities lending activities |
$229,663 | $1,793 |
Net income from securities lending activities |
$494,338 | $4,444 |
Fund | Fund Inception Date |
Brokerage Commissions Paid During Fiscal Year Ended Oct. 31, 2021 |
Brokerage Commissions Paid During Fiscal Year Ended Oct. 31, 2020 |
Brokerage Commissions Paid During Fiscal Year Ended Oct. 31, 2019 | ||||
iShares 0-5 Year High Yield Corporate Bond ETF | 10/15/13 | $1,083 | $0 | $0 | ||||
iShares 0-5 Year Investment Grade Corporate Bond ETF | 10/15/13 | 0 | 0 | 0 | ||||
iShares 0-5 Year TIPS Bond ETF | 12/01/10 | 0 | 0 | 0 | ||||
iShares 1-3 Year International Treasury Bond ETF | 01/21/09 | 0 | 440 | 318 | ||||
iShares Aaa - A Rated Corporate Bond ETF | 02/14/12 | 0 | 0 | 0 | ||||
iShares BB Rated Corporate Bond ETF | 10/06/20 | 0 | 0 | |||||
iShares Broad USD High Yield Corporate Bond ETF | 10/25/17 | 2,481 | 127 | 0 | ||||
iShares CMBS ETF | 02/14/12 | 0 | 0 | 0 | ||||
iShares Convertible Bond ETF | 06/02/15 | 19,948 | 1,516 | 1,364 | ||||
iShares Core 1-5 Year USD Bond ETF | 10/18/12 | 77 | 3 | 0 | ||||
iShares Core International Aggregate Bond ETF | 11/10/15 | 0 | 0 | 0 | ||||
iShares ESG Advanced High Yield Corporate Bond ETF | 06/14/16 | 2 | 0 | 0 | ||||
iShares Fallen Angels USD Bond ETF | 06/14/16 | 0 | 0 | 0 | ||||
iShares Floating Rate Bond ETF | 06/14/11 | 0 | 0 | 0 | ||||
iShares GNMA Bond ETF | 02/14/12 | 0 | 0 | 0 | ||||
iShares International Treasury Bond ETF | 01/21/09 | 0 | 11,056 | 7,137 | ||||
iShares J.P. Morgan USD Emerging Markets Bond ETF | 12/17/07 | 0 | 0 | 0 | ||||
iShares TIPS Bond ETF | 12/04/03 | 0 | 0 | 0 | ||||
iShares Treasury Floating Rate Bond ETF | 02/03/14 | 0 | 0 | 0 | ||||
iShares U.S. Fixed Income Balanced Risk Factor ETF | 02/24/15 | 1,979 | 3,942 | 1,575 | ||||
iShares U.S. Treasury Bond ETF | 02/14/12 | 0 | 319 | 0 | ||||
iShares USD Green Bond ETF | 11/13/18 | 36 | 97 | 0 |
Fund | Issuer | Market Value of Investment | ||
iShares 0-5 Year High Yield Corporate Bond ETF | Deutsche Bank AG | $16,500,651 | ||
iShares 0-5 Year Investment Grade Corporate Bond ETF | JPMorgan Chase & Co. | $67,624,890 | ||
Bank of America Corp. | 62,775,279 | |||
Morgan Stanley | 55,875,240 | |||
Citigroup, Inc. | 47,925,335 |
Fund | Issuer | Market Value of Investment | ||
Goldman Sachs Group Inc. (The) | 44,940,644 | |||
Wells Fargo & Co. | 40,722,993 | |||
Barclays PLC | 24,329,963 | |||
Bank of New York Mellon Corp. (The) | 18,478,529 | |||
BNP Paribas SA | 3,258,582 | |||
iShares Aaa - A Rated Corporate Bond ETF | Morgan Stanley | $36,544,166 | ||
JPMorgan Chase & Co. | 35,112,997 | |||
Goldman Sachs Group Inc. (The) | 33,572,419 | |||
Bank of America Corp. | 32,047,084 | |||
Wells Fargo & Co. | 30,996,558 | |||
Citigroup, Inc. | 28,905,867 | |||
Bank of New York Mellon Corp. (The) | 10,355,783 | |||
Royal Bank of Canada | 9,604,092 | |||
Barclays PLC | 155,501 | |||
iShares Convertible Bond ETF | Barclays PLC | $1,865,206 | ||
iShares Core 1-5 Year USD Bond ETF | Bank of America Corp. | $43,761,512 | ||
JPMorgan Chase & Co. | 35,426,160 | |||
Morgan Stanley | 32,510,678 | |||
Goldman Sachs Group Inc. (The) | 24,662,111 | |||
Wells Fargo & Co. | 20,342,740 | |||
Citigroup, Inc. | 18,833,621 | |||
HSBC Holdings PLC | 13,881,809 | |||
Bank of New York Mellon Corp. (The) | 8,806,544 | |||
Barclays PLC | 6,988,814 | |||
Bank of Montreal | 6,979,646 | |||
iShares Core International Aggregate Bond ETF | BNP Paribas SA | $5,973,095 | ||
Goldman Sachs Group Inc. (The) | 4,220,226 | |||
HSBC Holdings PLC | 3,987,194 | |||
Bank of America Corp. | 3,780,124 | |||
JPMorgan Chase & Co. | 3,730,273 | |||
Citigroup, Inc. | 3,060,123 | |||
Morgan Stanley | 2,855,107 | |||
Mitsubishi UFJ Financial Group, Inc. | 1,062,440 | |||
iShares Fallen Angels USD Bond ETF | Barclays PLC | $1,351,760 | ||
iShares Floating Rate Bond ETF | Goldman Sachs Group Inc. (The) | $290,998,956 | ||
Citigroup, Inc. | 253,195,150 | |||
JPMorgan Chase & Co. | 204,485,340 | |||
Mizuho Financial Group, Inc. | 182,336,862 | |||
Bank of America Corp. | 175,982,281 | |||
Royal Bank of Canada | 148,307,235 | |||
Morgan Stanley | 141,743,022 |
Fund | Issuer | Market Value of Investment | ||
Canadian Imperial Bank of Commerce | 99,845,966 | |||
Bank of New York Mellon Corp. (The) | 45,817,772 | |||
iShares U.S. Fixed Income Balanced Risk Factor ETF | Bank of America Corp. | $2,078,131 | ||
Morgan Stanley | 1,771,869 | |||
Goldman Sachs Group Inc. (The) | 1,676,394 | |||
Citigroup, Inc. | 1,656,372 | |||
JPMorgan Chase & Co. | 1,627,030 | |||
HSBC Holdings PLC | 422,446 | |||
Nomura Holdings Inc. | 362,236 | |||
Credit Suisse AG | 249,380 | |||
Barclays PLC | 222,814 | |||
Bank of Montreal | 167,814 | |||
Bank of New York Mellon Corp. (The) | 104,239 | |||
iShares USD Green Bond ETF | BNP Paribas SA | $1,419,984 | ||
JPMorgan Chase & Co. | 998,250 | |||
Societe Generale SA | 920,521 | |||
Bank of America Corp. | 775,170 | |||
Citigroup, Inc. | 767,520 | |||
Deutsche Bank AG | 440,061 | |||
Barclays PLC | 369,592 | |||
HSBC Holdings PLC | 357,672 | |||
Fund | Fiscal Year Ended Oct. 31, 2021 |
Fiscal Year Ended Oct. 31, 2020 | ||
iShares 0-5 Year High Yield Corporate Bond ETF | 39% | 45% |
Fund | Fiscal Year Ended Oct. 31, 2021 |
Fiscal Year Ended Oct. 31, 2020 | ||
iShares 0-5 Year Investment Grade Corporate Bond ETF | 23% | 29% | ||
iShares 0-5 Year TIPS Bond ETF | 36% | 72% | ||
iShares 1-3 Year International Treasury Bond ETF | 60% | 71% | ||
iShares Aaa - A Rated Corporate Bond ETF | 17% | 16% | ||
iShares BB Rated Corporate Bond ETF | 32% | 0% | ||
iShares Broad USD High Yield Corporate Bond ETF | 24% | 21% | ||
iShares CMBS ETF | 13% | 26% | ||
iShares Convertible Bond ETF | 46% | 33% | ||
iShares Core 1-5 Year USD Bond ETF1 | 82% | 77% | ||
iShares Core International Aggregate Bond ETF | 16% | 36% | ||
iShares ESG Advanced High Yield Corporate Bond ETF | 43% | 85% | ||
iShares Fallen Angels USD Bond ETF | 21% | 51% | ||
iShares Floating Rate Bond ETF | 38% | 29% | ||
iShares GNMA Bond ETF1 | 498% | 699% | ||
iShares International Treasury Bond ETF | 21% | 41% | ||
iShares J.P. Morgan USD Emerging Markets Bond ETF | 7% | 10% | ||
iShares TIPS Bond ETF | 34% | 53% | ||
iShares Treasury Floating Rate Bond ETF | 74% | 44% | ||
iShares U.S. Fixed Income Balanced Risk Factor ETF1 | 546% | 703% | ||
iShares U.S. Treasury Bond ETF | 128% | 91% | ||
iShares USD Green Bond ETF | 24% | 16% |
1 | Portfolio turnover rates include mortgage dollar roll transactions (“MDRs”). |
Fund | Shares Per Creation Unit |
Approximate Value Per Creation Unit (U.S.$) | ||
iShares 0-5 Year High Yield Corporate Bond ETF | 100,000 | $4,496,000 | ||
iShares 0-5 Year Investment Grade Corporate Bond ETF | 50,000 | 2,559,000 | ||
iShares 0-5 Year TIPS Bond ETF | 50,000 | 5,302,500 | ||
iShares 1-3 Year International Treasury Bond ETF | 50,000 | 3,952,500 | ||
iShares Aaa - A Rated Corporate Bond ETF | 50,000 | 2,822,500 | ||
iShares BB Rated Corporate Bond ETF | 50,000 | 2,566,500 | ||
iShares Broad USD High Yield Corporate Bond ETF | 50,000 | 2,031,000 | ||
iShares CMBS ETF | 50,000 | 2,672,000 |
Fund | Shares Per Creation Unit |
Approximate Value Per Creation Unit (U.S.$) | ||
iShares Convertible Bond ETF | 50,000 | 4,864,000 | ||
iShares Core 1-5 Year USD Bond ETF | 100,000 | 5,059,000 | ||
iShares Core International Aggregate Bond ETF | 50,000 | 2,771,000 | ||
iShares ESG Advanced High Yield Corporate Bond ETF | 50,000 | 2,562,500 | ||
iShares Fallen Angels USD Bond ETF | 50,000 | 1,476,000 | ||
iShares Floating Rate Bond ETF | 100,000 | 5,069,000 | ||
iShares GNMA Bond ETF | 50,000 | 2,493,000 | ||
iShares International Treasury Bond ETF | 50,000 | 2,542,500 | ||
iShares J.P. Morgan USD Emerging Markets Bond ETF | 100,000 | 10,726,000 | ||
iShares TIPS Bond ETF | 100,000 | 12,963,000 | ||
iShares Treasury Floating Rate Bond ETF | 100,000 | 5,026,000 | ||
iShares U.S. Fixed Income Balanced Risk Factor ETF | 50,000 | 4,987,500 | ||
iShares U.S. Treasury Bond ETF | 100,000 | 2,664,000 | ||
iShares USD Green Bond ETF | 50,000 | 2,753,000 |
Fund | Standard Creation Transaction Fee |
Maximum Additional Charge* | ||
iShares 0-5 Year High Yield Corporate Bond ETF | $200 | 3.0% | ||
iShares 0-5 Year Investment Grade Corporate Bond ETF | 100 | 3.0% | ||
iShares 0-5 Year TIPS Bond ETF | N/A | 3.0% | ||
iShares 1-3 Year International Treasury Bond ETF | 700 | 3.0% | ||
iShares Aaa - A Rated Corporate Bond ETF | 300 | 3.0% | ||
iShares BB Rated Corporate Bond ETF | 875 | 3.0% | ||
iShares Broad USD High Yield Corporate Bond ETF | 200 | 3.0% | ||
iShares CMBS ETF | 400 | 3.0% | ||
iShares Convertible Bond ETF | 475 | 3.0% | ||
iShares Core 1-5 Year USD Bond ETF | 250 | 3.0% | ||
iShares Core International Aggregate Bond ETF | 650 | 3.0% | ||
iShares ESG Advanced High Yield Corporate Bond ETF | 900 | 3.0% | ||
iShares Fallen Angels USD Bond ETF | 450 | 3.0% | ||
iShares Floating Rate Bond ETF | 200 | 3.0% | ||
iShares GNMA Bond ETF | 200 | 3.0% | ||
iShares International Treasury Bond ETF | 1,200 | 3.0% | ||
iShares J.P. Morgan USD Emerging Markets Bond ETF | 700 | 3.0% | ||
iShares TIPS Bond ETF | N/A | 3.0% | ||
iShares Treasury Floating Rate Bond ETF | 100 | 3.0% | ||
iShares U.S. Fixed Income Balanced Risk Factor ETF | 500 | 3.0% | ||
iShares U.S. Treasury Bond ETF | 250 | 3.0% | ||
iShares USD Green Bond ETF | 850 | 3.0% |
* | As a percentage of the net asset value per Creation Unit. |
Fund | Standard Redemption Transaction Fee |
Maximum Additional Charge* | ||
iShares 0-5 Year High Yield Corporate Bond ETF | $200 | 2.0% | ||
iShares 0-5 Year Investment Grade Corporate Bond ETF | 100 | 2.0% | ||
iShares 0-5 Year TIPS Bond ETF | N/A | 2.0% | ||
iShares 1-3 Year International Treasury Bond ETF | 700 | 2.0% | ||
iShares Aaa - A Rated Corporate Bond ETF | 300 | 2.0% | ||
iShares BB Rated Corporate Bond ETF | 875 | 2.0% | ||
iShares Broad USD High Yield Corporate Bond ETF | 200 | 2.0% | ||
iShares CMBS ETF | 400 | 2.0% | ||
iShares Convertible Bond ETF | 475 | 2.0% | ||
iShares Core 1-5 Year USD Bond ETF | 250 | 2.0% | ||
iShares Core International Aggregate Bond ETF | 650 | 2.0% | ||
iShares ESG Advanced High Yield Corporate Bond ETF | 900 | 2.0% | ||
iShares Fallen Angels USD Bond ETF | 450 | 2.0% | ||
iShares Floating Rate Bond ETF | 200 | 2.0% | ||
iShares GNMA Bond ETF | 200 | 2.0% | ||
iShares International Treasury Bond ETF | 1,200 | 2.0% | ||
iShares J.P. Morgan USD Emerging Markets Bond ETF | 700 | 2.0% | ||
iShares TIPS Bond ETF | N/A | 2.0% | ||
iShares Treasury Floating Rate Bond ETF | 100 | 2.0% | ||
iShares U.S. Fixed Income Balanced Risk Factor ETF | 500 | 2.0% | ||
iShares U.S. Treasury Bond ETF | 250 | 2.0% | ||
iShares USD Green Bond ETF | 850 | 2.0% |
* | As a percentage of the net asset value per Creation Unit, inclusive of the standard redemption transaction fee. |
Fund | Non-Expiring Capital Loss Carryforward | |
iShares 0-5 Year High Yield Corporate Bond ETF | $294,536,857 | |
iShares 1-3 Year International Treasury Bond ETF | 8,019,446 | |
iShares Aaa - A Rated Corporate Bond ETF | 328,433 | |
iShares Broad USD High Yield Corporate Bond ETF | 66,244,911 | |
iShares Fallen Angels USD Bond ETF | 1,108,777 | |
iShares Floating Rate Bond ETF | 66,820,927 | |
iShares Global Green Bond ETF | 493,646 | |
iShares GNMA Bond ETF | 3,701,329 | |
iShares International Treasury Bond ETF | 6,162,997 | |
iShares J.P. Morgan USD Emerging Markets Bond ETF | 912,972,695 | |
iShares TIPS Bond ETF | 21,909,055 | |
iShares U.S. Fixed Income Balanced Risk Factor ETF | 1,876,384 | |
iShares U.S. Treasury Bond ETF | 122,194,650 |
• | Boards and directors |
• | Auditors and audit-related issues |
• | Capital structure, mergers, asset sales and other special transactions |
• | Compensation and benefits |
• | Environmental and social issues |
• | General corporate governance matters and shareholder protections |
• | establishing an appropriate corporate governance structure |
• | supporting and overseeing management in setting long-term strategic goals, applicable measures of value-creation and milestones that will demonstrate progress, and steps taken if any obstacles are anticipated or incurred |
• | ensuring the integrity of financial statements |
• | making independent decisions regarding mergers, acquisitions and disposals |
• | establishing appropriate executive compensation structures |
• | addressing business issues, including environmental and social issues, when they have the potential to materially impact company reputation and performance |
• | current or former employment at the company or a subsidiary within the past several years |
• | being, or representing, a shareholder with a substantial shareholding in the company |
• | interlocking directorships |
• | having any other interest, business or other relationship which could, or could reasonably be perceived to, materially interfere with the director’s ability to act in the best interests of the company |
1) | publish a disclosure in line with industry-specific SASB guidelines by year-end, if they have not already done so, or disclose a similar set of data in a way that is relevant to their particular business; and |
2) | disclose climate-related risks in line with the TCFD’s recommendations, if they have not already done so. This should include the company’s plan for operating under a scenario where the Paris Agreement’s goal of limiting global warming to less than two degrees is fully realized, as expressed by the TCFD guidelines. |
• | The company has already taken sufficient steps to address the concern |
• | The company is in the process of actively implementing a response |
• | There is a clear and material economic disadvantage to the company in the near-term if the issue is not addressed in the manner requested by the shareholder proposal |
• | BlackRock clients who may be issuers of securities or proponents of shareholder resolutions |
• | BlackRock business partners or third parties who may be issuers of securities or proponents of shareholder resolutions |
• | BlackRock employees who may sit on the boards of public companies held in Funds managed by BlackRock |
• | Significant BlackRock, Inc. investors who may be issuers of securities held in Funds managed by BlackRock |
• | Securities of BlackRock, Inc. or BlackRock investment funds held in Funds managed by BlackRock |
• | BlackRock, Inc. board members who serve as senior executives of public companies held in Funds managed by BlackRock |
• | Adopted the Guidelines which are designed to protect and enhance the economic value of the companies in which BlackRock invests on behalf of clients. |
• | Established a reporting structure that separates BIS from employees with sales, vendor management or business partnership roles. In addition, BlackRock seeks to ensure that all engagements with corporate issuers, dissident shareholders or shareholder proponents are managed consistently and without regard to BlackRock’s relationship with such parties. Clients or business partners are not given special treatment or differentiated access to BIS. BIS prioritizes engagements based on factors including but not limited to our need for additional information to make a voting decision or our view on the likelihood that an engagement could lead to positive outcome(s) over time for the economic value of the company. Within the normal course of business, BIS may engage directly with BlackRock clients, business partners and/or third parties, and/or with employees with sales, vendor management or business partnership roles, in discussions regarding our approach to stewardship, general corporate governance matters, client reporting needs, and/or to otherwise ensure that proxy-related client service levels are met. |
• | Determined to engage, in certain instances, an independent fiduciary to vote proxies as a further safeguard to avoid potential conflicts of interest, to satisfy regulatory compliance requirements, or as may be otherwise required by applicable law. In such circumstances, the independent fiduciary provides BlackRock’s proxy voting agent with instructions, in accordance with the Guidelines, as to how to vote such proxies, and BlackRock’s proxy voting agent votes the proxy in accordance with the independent fiduciary’s determination. BlackRock uses an independent fiduciary to vote proxies of (i) any company that is affiliated with BlackRock, Inc., (ii) any public company that includes BlackRock employees on its board of directors, (iii) The PNC Financial Services Group, Inc., (iv) any public company of which a BlackRock, Inc. board member serves as a senior executive, and (v) companies when legal or regulatory requirements compel BlackRock to use an independent fiduciary. In selecting an independent fiduciary, we assess several characteristics, including but not limited to: independence, an ability to analyze proxy issues and vote in the best economic interest of our clients, reputation for reliability and integrity, and operational capacity to accurately deliver the assigned votes in a timely manner. We may engage more than one independent fiduciary, in part in order to mitigate potential or perceived conflicts of interest at an independent fiduciary. The Global Committee appoints and reviews the performance of the independent fiduciar(ies), generally on an annual basis. |
Contents | |
Introduction | A-16 |
Voting guidelines | A-16 |
Boards and directors | A-16 |
- Director elections | A-16 |
- Independence | A-16 |
- Oversight | A-17 |
- Responsiveness to shareholders | A-17 |
- Shareholder rights | A-17 |
- Board composition and effectiveness | A-18 |
- Board size | A-19 |
- CEO and management succession planning | A-19 |
- Classified board of directors / staggered terms | A-19 |
- Contested director elections | A-19 |
- Cumulative voting | A-19 |
- Director compensation and equity programs | A-19 |
- Majority vote requirements | A-19 |
- Risk oversight | A-20 |
- Separation of chairman and CEO | A-20 |
Auditors and audit-related issues | A-20 |
Capital structure proposals | A-21 |
- Equal voting rights | A-21 |
- Blank check preferred stock | A-21 |
- Increase in authorized common shares | A-21 |
- Increase or issuance of preferred stock | A-21 |
- Stock splits | A-22 |
Mergers, asset sales, and other special transactions | A-22 |
- Poison pill plans | A-22 |
- Reimbursement of expenses for successful shareholder campaigns | A-22 |
Executive Compensation | A-22 |
- Advisory resolutions on executive compensation (“Say on Pay”) | A-23 |
- Advisory votes on the frequency of Say on Pay resolutions | A-23 |
- Claw back proposals | A-23 |
- Employee stock purchase plans | A-23 |
- Equity compensation plans | A-23 |
- Golden parachutes | A-23 |
- Option exchanges | A-24 |
- Pay-for-Performance plans | A-24 |
- Supplemental executive retirement plans | A-24 |
Environmental and social issues | A-24 |
- Climate risk | A-25 |
- Corporate political activities | A-26 |
General corporate governance matters | A-26 |
- Adjourn meeting to solicit additional votes | A-26 |
- Bundled proposals | A-26 |
- Exclusive forum provisions | A-26 |
- Multi-jurisdictional companies | A-26 |
- Other business | A-27 |
- Reincorporation | A-27 |
- IPO governance | A-27 |
Contents | |
Shareholder Protections | A-27 |
- Amendment to charter / articles / bylaws | A-27 |
- Proxy access | A-28 |
- Right to act by written consent | A-28 |
- Right to call a special meeting | A-28 |
- Simple majority voting | A-28 |
• | Boards and directors |
• | Auditors and audit-related issues |
• | Capital structure |
• | Mergers, asset sales, and other special transactions |
• | Executive compensation |
• | Environmental and social issues |
• | General corporate governance matters |
• | Shareholder protections |
• | Employment as a senior executive by the company or a subsidiary within the past five years |
• | An equity ownership in the company in excess of 20% |
• | Having any other interest, business, or relationship which could, or could reasonably be perceived to, materially interfere with the director’s ability to act in the best interests of the company |
• | Where the board has failed to exercise oversight with regard to accounting practices or audit oversight, we will consider voting against the current audit committee, and any other members of the board who may be responsible. For example, this may apply to members of the audit committee during a period when the board failed to facilitate quality, independent auditing if substantial accounting irregularities suggest insufficient oversight by that committee |
• | Members of the compensation committee during a period in which executive compensation appears excessive relative to performance and peers, and where we believe the compensation committee has not already substantially addressed this issue |
• | The chair of the nominating / governance committee, or where no chair exists, the nominating / governance committee member with the longest tenure, where the board is not comprised of a majority of independent directors. However, this would not apply in the case of a controlled company |
• | Where it appears the director has acted (at the company or at other companies) in a manner that compromises his / her reliability to represent the best long-term economic interests of shareholders |
• | Where a director has a pattern of poor attendance at combined board and applicable key committee meetings. Excluding exigent circumstances, BlackRock generally considers attendance at less than 75% of the combined board and applicable key committee meetings by a board member to be poor attendance |
• | Where a director serves on an excess number of boards, which may limit his / her capacity to focus on each board’s requirements. The following illustrates the maximum number of boards on which a director may serve, before he / she is considered to be over-committed: |
Public Company CEO |
# Outside Public Boards* |
Total # of Public Boards | |||
Director A | x | 1 | 2 | ||
Director B | 3 | 4 |
* | In addition to the company under review |
• | The independent chair or lead independent director, members of the nominating / governance committee, and / or the longest tenured director(s), where we observe a lack of board responsiveness to shareholders, evidence of board entrenchment, and / or failure to promote adequate board succession planning |
• | The chair of the nominating / governance committee, or where no chair exists, the nominating / governance committee member with the longest tenure, where board member(s) at the most recent election of directors have received withhold votes from more than 30% of shares voted and the board has not taken appropriate action to respond to shareholder concerns. This may not apply in cases where BlackRock did not support the initial withhold vote |
• | The independent chair or lead independent director and / or members of the nominating / governance committee, where a board fails to implement shareholder proposals that receive a majority of votes cast at a prior shareholder meeting, and the proposals, in our view, have a direct and substantial impact on shareholders’ fundamental rights or long-term economic interests |
• | The independent chair or lead independent director and members of the governance committee, where a board implements or renews a poison pill without shareholder approval |
• | The independent chair or lead independent director and members of the governance committee, where a board amends the charter / articles / bylaws such that the effect may be to entrench directors or to significantly reduce shareholder rights |
• | Members of the compensation committee where the company has repriced options without shareholder approval |
• | If a board maintains a classified structure, it is possible that the director(s) with whom we have a particular concern may not be subject to election in the year that the concern arises. In such situations, if we have a concern regarding a committee or committee chair that is not up for re-election, we will generally register our concern by withholding votes from all available members of the relevant committee |
• | The mix of competencies, experience, and other qualities required to effectively oversee and guide management in light of the stated long-term strategy of the company |
• | The process by which candidates are identified and selected, including whether professional firms or other sources outside of incumbent directors’ networks have been engaged to identify and / or assess candidates |
• | The process by which boards evaluate themselves and any significant outcomes of the evaluation process, without divulging inappropriate and / or sensitive details |
• | The consideration given to board diversity, including, but not limited to, gender, ethnicity, race, age, experience, geographic location, skills, and perspective in the nomination process |
Combined Chair / CEO Model |
Separate Chair Model | ||||
Chair / CEO | Lead Director | Chair | |||
Board Meetings | Authority to call full meetings of the board of directors | Attends full meetings of the board of directors Authority to call meetings of independent directors Briefs CEO on issues arising from executive sessions |
Authority to call full meetings of the board of directors | ||
Agenda | Primary responsibility for shaping board agendas, consulting with the lead director | Collaborates with chair / CEO to set board agenda and board information | Primary responsibility for shaping board agendas, in conjunction with CEO | ||
Board Communications | Communicates with all directors on key issues and concerns outside of full board meetings | Facilitates discussion among independent directors on key issues and concerns outside of full board meetings, including contributing to the oversight of CEO and management succession planning | Facilitates discussion among independent directors on key issues and concerns outside of full board meetings, including contributing to the oversight of CEO and management succession planning |
• | Appears to have a legitimate financing motive for requesting blank check authority |
• | Has committed publicly that blank check preferred shares will not be used for anti-takeover purposes |
• | Has a history of using blank check preferred stock for financings |
• | Has blank check preferred stock previously outstanding such that an increase would not necessarily provide further anti-takeover protection but may provide greater financing flexibility |
• | The degree to which the proposed transaction represents a premium to the company’s trading price. We consider the share price over multiple time periods prior to the date of the merger announcement. In most cases, business combinations should provide a premium. We may consider comparable transaction analyses provided by the parties’ financial advisors and our own valuation assessments. For companies facing insolvency or bankruptcy, a premium may not apply |
• | There should be clear strategic, operational, and / or financial rationale for the combination |
• | Unanimous board approval and arm’s-length negotiations are preferred. We will consider whether the transaction involves a dissenting board or does not appear to be the result of an arm’s-length bidding process. We may also consider whether executive and / or board members’ financial interests in a given transaction appear likely to affect their ability to place shareholders’ interests before their own |
• | We prefer transaction proposals that include the fairness opinion of a reputable financial advisor assessing the value of the transaction to shareholders in comparison to recent similar transactions |
• | Whether we believe that the triggering event is in the best interest of shareholders |
• | Whether management attempted to maximize shareholder value in the triggering event |
• | The percentage of total premium or transaction value that will be transferred to the management team, rather than shareholders, as a result of the golden parachute payment |
• | Whether excessively large excise tax gross-up payments are part of the pay-out |
• | Whether the pay package that serves as the basis for calculating the golden parachute payment was reasonable in light of performance and peers |
• | Whether the golden parachute payment will have the effect of rewarding a management team that has failed to effectively manage the company |
• | The company has experienced significant stock price decline as a result of macroeconomic trends, not individual company performance |
• | Directors and executive officers are excluded; the exchange is value neutral or value creative to shareholders; tax, accounting, and other technical considerations have been fully contemplated |
• | There is clear evidence that absent repricing, the company will suffer serious employee incentive or retention and recruiting problems |
• | Publish disclosures in line with industry specific SASB guidelines by year-end, if they have not already done so, or disclose a similar set of data in a way that is relevant to their particular business; and |
• | Disclose climate-related risks in line with the TCFD’s recommendations, if they have not already done so. This should include the company’s plan for operating under a scenario where the Paris Agreement’s goal of limiting global warming to less than two degrees is fully realized, as expressed by the TCFD guidelines. |
• | The company has already taken sufficient steps to address the concern |
• | The company is in the process of actively implementing a response |
• | There is a clear and material economic disadvantage to the company in the near-term if the issue is not addressed in the manner requested by the shareholder proposal |