iShares USD Ultrashort Bond Fund

The iShares USD Ultrashort Bond Fund is an exchange-traded fund designed to provide exposure to a diversified portfolio of US dollar-denominated, investment-grade corporate bonds with very short maturities. Its primary purpose is to offer investors a low-volatility, liquid fixed income option for managing short-term cash balances or seeking modest yields without significant interest rate risk. The fund tracks an underlying index that comprises corporate bonds rated investment grade, typically with maturities ranging from 0 to 1 year for fixed-rate bonds and up to 3 years for floating-rate bonds. Notable for its physical replication strategy, the fund holds a representative sample of bonds from its benchmark and distributes earned interest income to shareholders on a semi-annual basis. With a relatively low total expense ratio, the iShares USD Ultrashort Bond Fund appeals to investors seeking stability and capital preservation within the fixed income segment, serving a key role in liquidity management and short-duration strategies in global markets.