iShares updates ticker symbol for new Fixed Income Balanced Risk ETF

By Toni Weeks

San Luis Obispo, Calif., Feb. 24 – iShares U.S. ETF Trust announced in an N-1A filing with the Securities and Exchange Commission that the ticker symbol for its new fixed-income exchange-traded fund, the iShares U.S. Fixed Income Balanced Risk ETF, is “INC,” not “BINC” as announced in the fund’s Nov. 21 prospectus. The shares will trade on the BATS stock exchange.

As previously reported, 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.

There are no shareholder fees. Total annual fund operating expenses of 0.25% include a 0.3% management fee as well as the effects of a fee waiver agreement with the fund’s investment adviser, San Francisco-based BlackRock Fund Advisors.

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