iShares Trust
ITDA
New York Stock Exchange Arca- -
USD
- -
- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- IPO Date
- Oct 17, 2023
- Similar Companies
- Business
- iShares LifePath Target Date 2025 ETF (ITDA) is an actively managed exchange-traded fund that seeks to provide retirement outcomes through exposure to a broad, dynamically allocated portfolio of affiliated iShares ETFs, adjusting its equity-fixed income mix along a predetermined glide path as it approaches its 2025 target date. The fund invests primarily in equity ETFs such as iShares Russell 1000 ETF, iShares Russell 2000 ETF, iShares Core MSCI International Developed Markets ETF, and iShares Core MSCI Emerging Markets ETF; fixed-income ETFs including iShares U.S. Treasury Bond ETF, iShares MBS ETF, iShares 0-5 Year TIPS Bond ETF, iShares 1-5 Year Investment Grade Corporate Bond ETF, iShares 5-10 Year Investment Grade Corporate Bond ETF, iShares 10-20 Year Treasury Bond ETF, and iShares 10+ Year Investment Grade Corporate Bond ETF; as well as BlackRock Cash Funds for money market exposure. Launched on October 18, 2023, and listed on NYSE Arca, the ETF targets investors anticipating retirement or asset withdrawals around 2025, with an inception allocation of approximately 43.5% equities, 56.5% fixed income, and the balance in money markets, gradually shifting to a more conservative profile similar to the iShares LifePath Retirement ETF (IRTR) near maturity. Issued by BlackRock Fund Advisors and part of the iShares family under BlackRock, Inc., headquartered in Princeton, New Jersey, the fund operates globally through its underlying ETFs, providing diversified exposure to U.S. and international developed/emerging equities, U.S. Treasuries, mortgage-backed securities, investment-grade corporates, TIPS, and REITs/infrastructure via select holdings. In a significant recent development, on November 18, 2024, the iShares LifePath Retirement ETF acquired substantially all assets and assumed liabilities of ITDA in a tax-free reorganization under IRC Section 368(a), with shareholders receiving IRTR shares at an exchange ratio of 1.00604262, after which ITDA was terminated and delisted; this merger, approved earlier in 2024, consolidated the near-maturity target-date strategy into the broader retirement income vehicle amid low assets under management of approximately $5.17 million. The fund's gross expense ratio stands at 0.09%, comprising acquired fund fees and expenses, with no management fee as BlackRock covers certain operating costs.