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XII. Additional Disclosures.
Additionally, for money market funds, the fund's sponsor has no legal obligation to provide financial support to the fund, and an investor should not expect that the sponsor will provide financial support to the fund at any time. Certain money market funds may impose a fee upon sale of an investor’s shares or may temporarily suspend an investor’s ability to sell shares if the fund's liquidity falls below required minimums because of market conditions or other factors. Although certain money market funds seek to preserve the value of an investment at $1.00 per share, it is possible to lose money by investing in such money market funds.
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Dated: November 2025.
©2025 BlackRock, Inc. or its affiliates. All rights reserved. BLACKROCK, BLACKROCK SOLUTIONS, ALADDIN, iSHARES, iRETIRE, iBONDS, LIFEPATH, and CoRI are trademarks of BlackRock, Inc. or its affiliates. The absence of a product or service name or logo from this list does not constitute a waiver of BlackRock’s trademark or other intellectual property rights concerning that name or logo. All other marks are the property of their respective owners.
Discover fixed maturity ETFs. Want to learn more? Contact our team at BlackRock.
iBonds exchange-traded funds (“ETFs”) are an innovative suite of bond funds that hold a diversified portfolio of bonds with similar maturity dates. Each ETF provides regular interest payments and distributes a final payout in its stated maturity year, similar to traditional bond laddering strategies. However, the funds’ unique structure is designed to help investors easily build bond ladders with only a handful of funds
| Year | US Treasuries | Investment Grade Corporate |
|---|---|---|
| 2025 | IT25 | ID25 |
| 2026 | D26A | |
| 2027 | IT27 | ID27 |
| 2028 | D28A | |
| 2029 | IT29 | ID29 |
| 2030 | ID30 |
iBonds have a specified maturity date. The ETFs distribute the final pay out at maturity, similar to traditional bonds.
iBonds can be bought and sold like a share, giving flexibility to trade in and out over time.
iBonds provide a diversified bond exposure to a desired asset class in a single trade. Diversification and asset allocation may not fully protect you from market risk.
The unique features of iBonds ETFs can help you easily access bond markets, pick points in time or even match expected cash flow needs in the future.
iBonds ETFs are designed to provide a yield-to-maturity ("YTM") profile comparable to that of the underlying bond portfolio. The funds seek to preserve an investor’s anticipated yield-to-maturity through a combination of regular distributions and a final end-date distribution.
iBonds ETFs terminate in December of the year in the fund’s name. In the final months when the bonds in the portfolio mature, the fund's holdings transition to cash and cash equivalents. After all the bonds in the portfolio mature, the ETF is closed and shareholders receive a final distribution equivalent to the fund NAV, after liabilities.
| Features | iBonds | Fixed income ETFs | Individual bonds | Mutual funds |
|---|---|---|---|---|
| Diversified portfolio | Yes | Yes | No | Yes |
| Rules based methodology | Yes | Yes | No | Yes |
| Fixed maturity | Yes | No | Yes | No |
| Trading | Exchange & OTC | Exchange & OTC | OTC | - |
| Daily transparency | Yes | Yes | No | Yes |
Two main risks related to fixed income investing are interest rate risk and credit risk. Typically, when interest rates rise, there is a corresponding decline in the market value of bonds. Credit risk refers to the possibility that the issuer of the bond will not be able to repay the principal and make interest payments.
The information contained herein is for informational purposes only and is not intended to be relied upon as a forecast, research, or investment advice, and is not a recommendation, offer or solicitation to buy or sell any securities or to adopt any investment strategy. An assessment should be made as to whether the information is appropriate for you having regard to your objectives, financial situation and needs. Reliance upon information in this material is at the sole discretion of the reader Investment implies risk, including the possible loss of principal.
Carefully consider the iShares and Funds' investment objectives, risk factors, and charges and expenses before investing. This and other information can be found in the Funds’ prospectuses or, if available, the summary prospectuses which may be obtained by visiting www.iShares.com or www.BlackRock.com. Read the prospectus carefully before investing.
For Institutional investors and financial intermediaries only (not for public distribution). The information contained herein is for informational purposes only and is not intended to be relied upon as a forecast, research or investment advice, and is not a recommendation, offer or solicitation to buy or sell any securities or to adopt any investment strategy. An assessment should be made as to whether the information is appropriate for you having regard to your objectives, financial situation, and needs. Reliance upon information in this material is at the sole discretion of the reader. Investment implies risk, including the possible loss of principal.
This information does not consider the investment objectives, risk tolerance, or the financial circumstances of any specific investor. This information does not replace the obligation of financial advisor to apply his/her best judgment in making investment decisions or investment recommendations.
This material is restricted to distribution to Non-U.S. Persons outside the United States within the meaning of Regulation S under the U.S. Securities Act Of 1933, as amended (the "Securities Act"). Any securities described herein may not be registered under the Securities Act or with any securities regulatory authority of any state or other jurisdiction and may not be offered, sold, pledged or otherwise transferred except to persons outside the U.S. in accordance with Regulation S under the Securities Act pursuant to the terms of such securities. In particular, any UCITS funds mentioned herein are not available to investors in the U.S. and this material cannot be construed as an offer of any UCITS fund to any investor in the U.S.
©2025 BlackRock, Inc. All Rights Reserved. BLACKROCK is a registered trademark of BlackRock, Inc. or its subsidiaries in the United States and elsewhere. All other trademarks are those of their respective owners.
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