iShares is prepping an active exchange-traded bond fund to launch within the next two months.
According to a regulatory filing, the iShares Liquidity Income Fund will bet on U.S. dollar-denominated investment-grade fixed- and floating-rate debt securities that are rated BBB- or higher by Standard & Poor’s Ratings Services and/or Fitch, or Baa3 or higher by Moody’s.The fund may also bet on asset-backed and mortgage-backed securities.
The fund’s portfolio managers are Michael Evan and Richard Mejzak. Its fees were not disclosed in the filing.
A spokeperson for the firm declined to comment on the filing noting that the firm was in a quiet period.
This is iShares’ second active bond ETF filing. The firm last March filed with the SEC to launch the iShares Ultrashort Bond Fund, which sought to replicate the Pimco Enhanced Short Maturity Strategy ETF (MINT).