iShares Trust - iShares Broad USD Floating Rate Loan ETF
USLN
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- iShares Trust - iShares Broad USD Floating Rate Loan ETF is an exchange-traded fund launched by BlackRock, Inc. under the iShares brand to provide investors with index-based exposure to the U.S. dollar-denominated leveraged-loan market. The fund seeks to track the investment results of the Morningstar LSTA US Leveraged Loan Broad Select Index, a market-value-weighted benchmark comprising a subset of the U.S. dollar-denominated, senior-secured institutional floating-rate loan market. Its principal investment activities include acquiring exposure to senior secured leveraged loans; institutional floating-rate bank loans; U.S. corporate credit instruments; cash and cash-equivalent holdings; and, as necessary, other investment vehicles and derivatives used to help replicate index performance. The ETF is passively managed, targets retail and institutional investors seeking floating-rate credit exposure, and is classified within the bank-loan and fixed-income ETF markets. It is organized as an open-end investment company domiciled in the United States, operates through iShares Trust, and is advised by BlackRock Fund Advisors, with BlackRock Investments, LLC serving as distributor. The fund is headquartered through its sponsor’s U.S. operations in New York, New York, and is available primarily to U.S. investors. iShares Trust was established in 1996 as part of BlackRock’s iShares ETF platform. The principal recent development is the March 2026 launch of USLN, representing BlackRock’s first index-based ETF designed to provide access to U.S. dollar-denominated leveraged loans. The fund’s launch expands BlackRock’s iShares fixed-income ETF product suite into the broadly syndicated leveraged-loan sector and introduces a vehicle tracking the Morningstar LSTA US Leveraged Loan Broad Select Index; USLN carries a 0.43% gross expense ratio and a 0.40% net expense ratio.