iShares Enhanced Short-Term Bond Active ETF
CSHP
New York Stock Exchange Arca- -
USD
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Capital Structure
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management - Bonds
- Address
- 400 Howard Street San Francisco CA United States of America 94105
- IPO Date
- Jul 17, 2024
- Website
- ishares.com
- Similar Companies
- Business
- iShares Enhanced Short-Term Bond Active ETF (CSHP) is an actively managed exchange-traded fund that seeks total return in excess of the ICE BofA 3-Month U.S. Treasury Bill Index by investing, under normal circumstances, at least 80% of its net assets plus any borrowings for investment purposes in a portfolio of U.S. and non-U.S. dollar-denominated investment-grade fixed- and floating-rate bonds rated BBB- or higher (or equivalent); bonds include corporate bonds of U.S. and non-U.S. issuers, U.S. government bonds (including Treasury bills, notes, and bonds), municipal bonds, non-U.S. government bonds and bills, and money market instruments, with primary focus on securities maturing in three years or less. The fund employs active management strategies, including portfolio optimization and selective security selection across short-term investment-grade fixed-income sectors such as U.S. Treasury bills, sovereign bonds (e.g., Canadian government bonds), corporate notes from issuers like RTX Corporation, Walmart Inc., Dominion Energy Inc., Toronto-Dominion Bank, and cash equivalents; it features an expense ratio of 0.20%, monthly distributions, and portfolio managers Philip Green, Thomas Becker, and Daniel Felder. CSHP operates globally with exposure to developed markets, primarily in North America, targeting institutional and retail investors seeking enhanced yield in ultrashort bond strategies with limited interest-rate sensitivity and high credit quality. Launched on July 17, 2024, and issued by BlackRock under the iShares brand, the ETF is headquartered in Wilmington, Delaware, as part of BlackRock's broader iShares ETF platform with no reported subsidiaries or parent fund relationships specific to CSHP. Since inception, the fund has grown assets under management to approximately $127 million as of recent reports, with no major partnerships, acquisitions, funding rounds, new product launches, or strategic shifts announced in the last 1-2 years beyond standard portfolio adjustments to reflect market conditions, such as holdings in Treasury bills maturing through 2025 and minor positions in floating-rate futures and currency forwards.