iShares ETF to Terminate Soon

BlackRock has announced the planned termination of the iShares® iBonds® Oct 2024 Term TIPS ETF (IBIA), with liquidation expected around October or December 15, 2024. This decision comes as part of BlackRock's ongoing management of its extensive portfolio, which includes over 1,400 exchange-traded funds (ETFs) and $3.8 trillion in assets as of June 30, 2024. The iShares brand is recognized for its expert portfolio and risk management capabilities. Investors in the iShares® iBonds® ETFs should be aware that these funds are not guaranteed, and there is a risk of loss, particularly as the termination date approaches. The yield of the fund is likely to align more closely with prevailing money market rates, which may be lower than the yields of the bonds previously held. As the termination date nears, the fund may increase its holdings in money market or similar funds, potentially incurring additional fees and expenses. The distributions and liquidation proceeds from the funds are unpredictable, and investors should not expect to receive a predetermined amount upon termination. Additionally, the tax implications of liquidation proceeds may vary, as investors could realize gains or losses based on the difference between the liquidation amount and their cost basis. BlackRock emphasizes that iSHARES, iBONDS, and BLACKROCK are trademarks of BlackRock, Inc. or its affiliates, underscoring the company's significant presence in the financial industry.