Change to SHY & TLT Share Holders ICE Index
Posted: Sat Jan 30, 2016 10:04 am
If you haven't heard, see the release below.
Any thoughts, opinions or concerns from the group?
IMPORTANT NOTICE REGARDING CHANGE IN INVESTMENT POLICY
iShares®
iShares Trust
Supplement dated January 29, 2016 to the Summary Prospectus dated July 1, 2015 for the iShares 20+ Year Treasury Bond ETF (TLT) (the “Fund”)
The information in this Supplement updates information in, and should be read in conjunction with, the Summary Prospectus for the Fund.
The following changes are expected to take effect on or after March 31, 2016:
Current Underlying Index
Barclays U.S. 20+ Year Treasury Bond Index
Index Provider
Barclays Capital Inc.
New Underlying Index
ICE U.S. Treasury 20+ Year Index
Index Provider
Interactive Data Corporation
Change in the Fund’s Principal Investment Strategies
The first two paragraphs on page S-2 of the section of the Summary Prospectus entitled “Principal Investment Strategies” are deleted in their entirety and replaced with the following:
The Fund seeks to track the investment results of the ICE U.S. Treasury 20+ Year Index (the “Underlying Index”), which measures the performance of public obligations of the U.S. Treasury that have a remaining maturity of greater than or equal to twenty years. As of November 30, 2015, there were 33 issues in the Underlying Index.
The Underlying Index includes publicly-issued U.S. Treasury securities that have a remaining maturity of greater than or equal to twenty years and have $300 million or more of outstanding face value, excluding amounts held by the Federal Reserve. In addition, the securities in the Underlying Index must be fixed rate and denominated in U.S. dollars. Excluded from the Underlying Index are inflation linked securities, Treasury bills, cash management bills, any government agency debt issued with or without a government guarantee and zero-coupon issues
Any thoughts, opinions or concerns from the group?
IMPORTANT NOTICE REGARDING CHANGE IN INVESTMENT POLICY
iShares®
iShares Trust
Supplement dated January 29, 2016 to the Summary Prospectus dated July 1, 2015 for the iShares 20+ Year Treasury Bond ETF (TLT) (the “Fund”)
The information in this Supplement updates information in, and should be read in conjunction with, the Summary Prospectus for the Fund.
The following changes are expected to take effect on or after March 31, 2016:
Current Underlying Index
Barclays U.S. 20+ Year Treasury Bond Index
Index Provider
Barclays Capital Inc.
New Underlying Index
ICE U.S. Treasury 20+ Year Index
Index Provider
Interactive Data Corporation
Change in the Fund’s Principal Investment Strategies
The first two paragraphs on page S-2 of the section of the Summary Prospectus entitled “Principal Investment Strategies” are deleted in their entirety and replaced with the following:
The Fund seeks to track the investment results of the ICE U.S. Treasury 20+ Year Index (the “Underlying Index”), which measures the performance of public obligations of the U.S. Treasury that have a remaining maturity of greater than or equal to twenty years. As of November 30, 2015, there were 33 issues in the Underlying Index.
The Underlying Index includes publicly-issued U.S. Treasury securities that have a remaining maturity of greater than or equal to twenty years and have $300 million or more of outstanding face value, excluding amounts held by the Federal Reserve. In addition, the securities in the Underlying Index must be fixed rate and denominated in U.S. dollars. Excluded from the Underlying Index are inflation linked securities, Treasury bills, cash management bills, any government agency debt issued with or without a government guarantee and zero-coupon issues