iShares 0-5 Year High Yield Corporate Bond ETF plans to launch

By Toni Weeks

San Luis Obispo, Calif., July 19 - iShares Trust announced plans to launch its iShares 0-5 Year High Yield Corporate Bond ETF, according to an N-1A filing with the Securities and Exchange Commission.

The exchange-traded fund will seek to track the investment results of an index composed of dollar-denominated, high-yield corporate bonds with remaining maturities of less than five years.

The fund will seek to track the investment results of the Markit iBoxx USD Liquid High Yield 0-5 index, which is designed to reflect the performance of dollar-denominated, short-duration, high-yield corporate debt. The index, which is rebalanced monthly, has a 3% cap on each issuer.

James Mauro and Scott Radell will be the portfolio managers.

Ticker symbols have not yet been set.

Management fees and total annual fund operating expenses have not yet been determined.

San Francisco-based BlackRock Fund Advisors will be the investment adviser.

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