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About iShares Trust iShares iBonds 1-5 Year Corporate Ladder ETF

LDRC is a passively managed fund-of-funds offering structured exposure to USD-denominated, investment-grade corporate bonds through a laddered maturity approach covering five years. Holdings exclusively consist of the series of underlying iShares iBonds Corporate ETFs, each representing a specific maturity year. The fund is designed to simplify holding the ETF series without the need for frequent rebalancing. The laddered strategy allows for a rolling five-year bond portfolio where each year, the nearest-maturing ETF is removed and replaced by a new five-year ETF. At each annual reconstitution, the underlying funds are rebalanced equally. Although market fluctuations may cause weight drifts throughout the year, which are corrected at the next rebalance. The fund may also hold cash equivalents and money market funds. Up to one-third of the funds assets may be used for lending.