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BlackRock has announced the planned termination of the iShares® iBonds® Oct 2024 Term TIPS ETF (IBIA). The fund's last trading day and final NAV calculation date is set for October 15, 2024, with liquidation scheduled for October 18, 2024. This aligns with the design of iBonds ETFs, which are structured to mature like individual bonds during a specific window.
As the ETF approaches its final distribution date, it will transition from holding bonds to short-term instruments and cash. Shareholders can expect to receive liquidation proceeds around the liquidation date, subject to their brokerage's processes. BlackRock emphasizes that other iBonds ETFs across various bond types remain available, offering investors tools for building bond ladders and managing interest rate risk in rising rate environments.
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