- Sector
- Financial Services
- Industry
- Asset Management - Bonds
- Address
- 400 Howard Street San Francisco CA United States of America 94105
- IPO Date
- Dec 16, 2013
- Business
- iShares Ultra Short-Term Bond ETF (ICSH) is an actively managed exchange-traded fund that seeks to provide current income consistent with preservation of capital by investing primarily in a portfolio of short-term U.S. dollar-denominated investment-grade fixed- and floating-rate debt securities, including corporate bonds, asset-backed securities, and U.S. Treasury securities with ultra-short-term maturities. The fund offers exposure to broad market investment-grade bonds; its top holdings include issuers such as United States Treasury, Athene Global Funding, Hyundai Capital America, Cooperatieve Rabobank UA (New York Branch), UBS AG (Stamford Branch), Equitable America Global Funding, American Honda Finance Corporation, Protective Life Global Funding, NatWest Markets PLC, and MassMutual Global Funding II. Launched on December 11, 2013, and issued by BlackRock under the iShares brand, ICSH is headquartered in Wilmington, Delaware, with portfolio management led by BlackRock's Cash Management Group professionals including Bradford Glessner, CFA, and Eric D. Hiatt, CFA, FRM; it maintains an expense ratio of 0.08% and trades on U.S. exchanges targeting institutional and retail investors seeking low-risk, liquid fixed-income alternatives. Geographically, the ETF focuses on U.S.-denominated securities issued by domestic and international corporations with significant U.S. operations. In recent developments, BlackRock has simplified its iShares product lineup through reclassifications of advisor class units into common units across exchange-traded funds, including enhancements to cash management offerings amid ongoing monthly dividend declarations such as $0.1983 per share; additionally, institutional investors like SignatureFD, LLC, Exchange Traded Concepts, LLC, and Avalon Trust Co have notably increased holdings in ICSH during 2025, reflecting sustained demand for its low-volatility profile in a volatile market environment.