iShares U.S. ETF Trust details new Fixed Income Balanced Risk ETF

By Toni Weeks

San Luis Obispo, Calif., Nov. 24 – iShares U.S. ETF Trust announced details on its new fixed-income exchange-traded fund, the iShares U.S. Fixed Income Balanced Risk ETF.

According to an N-1A filing with the Securities and Exchange Commission, the ETF seeks total return and the preservation of capital by normally investing at least 80% of its net assets in dollar-denominated investment-grade and high-yield fixed-income securities of varying maturities, including corporate bonds, dollar-denominated securities of foreign issuers, U.S. Treasuries, privately issued securities and mortgage-backed securities.

James Mauro and Scott Radell are the portfolio managers.

The fund trades on the BATS exchange under the symbol “BINC.”

There are no shareholder fees. Total annual fund operating expenses consist solely of a 0.3% management fee.

San Francisco-based BlackRock Fund Advisors is the investment adviser.

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