BlackRock Announces Change to iShares Commodities Lineup
August 10 2018 - 4:05PM
Business Wire
BlackRock, Inc. (NYSE:BLK) plans to close and liquidate the
following iShares exchange-traded product based on the ongoing
review of its product lineup to ensure it meets the evolving needs
of clients.
Ticker ETF
Name Inception Date
CMDT
iShares Commodity Optimized Trust
8/8/13
iShares Commodity Optimized Trust (CMDT) will no longer accept
creation and redemption orders after market close (4:00 pm ET) on
October 10, 2018. Trading in CMDT will be suspended prior to market
open on October 11, 2018. Proceeds of the liquidation are currently
scheduled to be sent to shareholders on October 15, 2018.
iShares offers broad-based commodities exposure through the
iShares Bloomberg Roll Select Commodity Strategy ETF (CMDY). CMDY
was launched in April 2018 to provide exposure, on a total return
basis, to a diversified group of commodities including agriculture,
energy and metals. CMDY is designed to simplify tax filings, as it
does not require K-1 tax reporting.
For more information, please call 1-800-iShares
(1-800-474-2737).
About BlackRock
BlackRock helps investors build better financial futures. As a
fiduciary to our clients, we provide the investment and technology
solutions they need when planning for their most important goals.
As of June 30, 2018, the firm managed approximately $6.3 trillion
in assets on behalf of investors worldwide. For additional
information on BlackRock, please visit www.blackrock.com | Twitter:
@blackrock | Blog: www.blackrockblog.com | LinkedIn:
www.linkedin.com/company/blackrock.
About iShares
iShares® is a global leader in exchange-traded funds (ETFs),
with more than a decade of expertise and commitment to individual
and institutional investors of all sizes. With over 800 funds
globally across multiple asset classes and strategies and more than
$1.8 trillion in assets under management as of June 30, 2018,
iShares helps clients around the world build the core of their
portfolios, meet specific investment goals and implement market
views. iShares funds are powered by the expert portfolio and risk
management of BlackRock, trusted to manage more money than any
other investment firm1.
1 Based on $6.3 trillion in AUM as of 6/30/18
This information must be preceded or accompanied by
a current prospectus for the iShares Commodity
Optimized Trust (“the Trust”). Investors should read it carefully
before investing.
The sponsor of the Trust is iShares Delaware Trust Sponsor LLC
(the “Sponsor”). BlackRock Investments, LLC ("BRIL"), assists in
the promotion of the Trust. The Sponsor and BRIL are affiliates of
BlackRock, Inc. The Sponsor has broad discretion to liquidate
the Trust at any time. The Trust could be liquidated at a time when
the disposition of its interests will result in losses to
investors. Shares of the Trust are not deposits or other
obligations of or guaranteed by BlackRock, Inc., and its
affiliates, and are not insured by the Federal Deposit Insurance
Corporation or any other governmental agency.
Prospective investors in CMDY should carefully consider the
CMDY’s investment objectives, risk factors, and charges and
expenses before investing. This and other information can be found
in CMDY’s prospectus and summary prospectus which may be obtained
by visiting www.iShares.com or
www.blackrock.com. Prospective investors in CMDY should
read the prospectus carefully before investing.
The iShares Bloomberg Roll Select Commodity Strategy ETF
(“CMDY”) is actively managed and does not seek to replicate the
performance of a specified index. CMDY may have a higher portfolio
turnover than funds that seek to replicate the performance of an
index. CMDY is a commodity pool, as defined in the Commodity
Exchange Act and the applicable regulations of the Commodity
Futures Trading Commission, or "CFTC," and is managed by its
Advisor, BlackRock Fund Advisors, a commodity pool operator
registered with the CFTC.
CMDY’s use of derivatives may reduce the CMDY’s returns and/or
increase volatility and subject CMDY to counterparty risk, which is
the risk that the other party in the transaction will not fulfill
its contractual obligation. Commodity futures trading may be
illiquid. In addition, suspensions or disruptions of market trading
in the commodities markets and related futures markets may
adversely affect the value of CMDY. Certain derivatives may give
rise to a form of leverage and may expose CMDY to greater risk and
increase its costs. To the extent that CMDY invests in rolling
futures contracts, it may be subject to additional risk. An
increase in interest rates may cause the value of fixed-income
securities held by CMDY to decline.
Investing in commodity-linked derivatives and commodity-related
companies may increase volatility. Price movements are outside of
CMDY’s control and may be influenced by weather and climate
conditions, livestock disease, war, terrorism, political conflicts
and economic events, interest rates, currency and exchange rates,
government regulation and taxation. Commodity futures trading may
be illiquid. In addition, suspensions or disruptions of market
trading in the commodities markets and related futures markets may
adversely affect the value of CMDY.
The iShares Funds are distributed by BlackRock Investments, LLC
(together with its affiliates, “BlackRock”).
©2018 BlackRock. iSHARES and BLACKROCK are
registered trademarks of BlackRock. All other marks are the
property of their respective owners.
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BlackRock, Inc.Matt Kobussen,
646-231-0599Matt.Kobussen@blackrock.com
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