iShares® iBonds® ETF Approaching Termination

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08/15/2025 – 04:21 PM

BlackRock (BLK) is streamlining its iShares ETF lineup, announcing today the planned termination of the iShares iBonds Oct 2025 Term TIPS ETF (IBIB). Here’s a quick rundown of what investors need to know:

Ticker	Fund name	Exchange	Last day of trading	Final NAV calculation date	Liquidation date
IBIB	iShares® iBonds® Oct 2025 Term TIPS ETF	NYSE Arca	10/15/25	10/15/25	10/20/25

iBonds ETFs, designed to mature like individual bonds, wind down their trading and holdings as they approach their target date. In the lead-up to the final distribution, the fund shifts towards short-term instruments and cash. Expect proceeds from the liquidation around October 20, 2025, though precise timing depends on your brokerage.

Don’t fret, fixed-income aficionados! BlackRock emphasizes that a broad range of iBonds ETFs across various asset classes – Treasuries, municipal bonds, investment-grade, and high-yield corporate credit – remain available. These ETFs offer tools for constructing bond ladders and diversifying fixed-income portfolios.

BlackRock: A Quick Look

BlackRock, a major player in both investing and fintech, manages trillions in assets globally. The company strives to make investing more accessible and affordable for a broader range of individuals, helping them achieve long-term financial security.

iShares: ETF Innovator

With over 1,600 ETFs and $4.7 trillion in assets under management (as of June 30, 2025), iShares, powered by BlackRock, continues to be a driving force in the ETF market.

Important Considerations Before Investing:

Investors should carefully review the fund’s objectives, risks, and fees, detailed in the prospectus, available online. Remember, all investing involves risk, including potential loss of principal. Fixed income investments are subject to interest rate and credit risk. Specifically for TIPS, while they offer inflation protection, they may underperform conventional bonds and could decline in value during deflationary periods. The iShares iBonds ETFs have a target termination date around October or December 15 of the year listed in their name. Investors could experience losses near or at the termination date.

Fund distribution payments may impact the tax characterization of returns compared to direct bond investments, and gains or losses may be realized upon liquidation for tax purposes. Standard brokerage commissions apply when buying or selling ETF shares. Diversification and asset allocation strategies cannot guarantee protection against market risk or potential losses.

This isn’t an offer to buy or sell any specific security, and the information provided shouldn’t be taken as legal, tax, or investment advice. It’s general information only and doesn’t account for individual financial circumstances. Consult with a qualified financial professional for personalized advice before making any investment decisions.

This information was prepared by BlackRock Investments, LLC, member FINRA.

iShares® iBonds® ETF Approaching Termination