Industry Revenues: Financial services, government bonds, corporate bonds

TOP 3 Markets:

1. USA: approx. 70%
2. Europe: approx. 15%
3. Asia: approx. 10%

The iShares Ultra Short Duration Bond Active ETF (ICSH) generates its revenues mainly through investments in short-term bonds and money market instruments. These primarily come from the financial services sector, including government and corporate bonds.

The largest market for the ETF is the USA, attributed to the high liquidity and stability of the US bond market. Europe and Asia follow as other significant markets, with the ETF benefiting from diversification and the different interest rate environments in these regions.

Production: Not applicable

The iShares U.S. ETF Trust - iShares Ultra Short Duration Bond Active ETF (BATS:ICSH) is an exchange-traded fund (ETF) and not a company that manufactures physical products. ETFs are financial products that replicate portfolios of securities such as bonds or stocks. Therefore, there are no production facilities or physical products in the traditional sense. The fund invests in a diversified portfolio of short-term bonds to provide investors with stable returns at low risk.

Current Yield: 2.5% (2025) Managed Assets: 5 billion USD (2025)

The iShares Ultra Short Duration Bond Active ETF (BATS:ICSH) follows a conservative investment strategy aimed at preserving capital while generating a moderate return. The strategy focuses on investments in high-quality, short-term bonds and money market instruments to minimize interest rate risk.

For future growth, the ETF plans to expand its investment strategy through broader diversification. This could involve including bonds with slightly longer maturities or from issuers with slightly lower credit ratings to increase return potential while still controlling risk.

Additionally, the ETF is expected to enhance its marketing and distribution efforts to attract more institutional and retail investors. This could be achieved by emphasizing the fund's stability and past performance, especially in volatile market conditions.

Imported Raw Materials/Materials: No specific raw materials

The iShares U.S. ETF Trust - iShares Ultra Short Duration Bond Active ETF (BATS: ICSH) is a financial product that invests in short-term bonds. It is not a company that imports physical raw materials or materials. Instead, the portfolio consists of various bonds and other fixed-income securities issued by companies or governments.

Being an ETF that invests in financial instruments, there are no physical imports of raw materials or materials. The performance of the ETF depends on interest rates and the creditworthiness of the bond issuers, not on physical goods.

Competitive Advantage: Moderate

The iShares U.S. ETF Trust - iShares Ultra Short Duration Bond Active ETF (BATS:ICSH) provides investors with access to a portfolio of short-term bonds focusing on capital preservation and liquidity.

ICSH's competitive advantage lies in its ability to attract a broad investor base through the iShares brand, owned by BlackRock. BlackRock is one of the largest asset managers globally, creating trust and stability among investors.

However, the market for short-term bond ETFs is highly competitive, with many similar products from other major providers like Vanguard and State Street. This competition can limit ICSH's competitive advantage as products often offer similar returns and fee structures.

In summary, ICSH's competitive advantage is moderate, supported by a strong brand and investor trust, but limited by high competition in the market.

Institutional Investor Share: approximately 70% (estimated, 2025)

Insider Buys/Sells: No significant insider transactions known (2025)

The iShares Ultra Short Duration Bond Active ETF (BATS:ICSH) is very popular among institutional investors, as reflected in a high institutional investor share. These investors appreciate the stability and short-term investment strategy of the fund.

Insider transactions are less relevant for ETFs than for individual stocks, as ETFs consist of a basket of securities and are not issued by a single company. Therefore, there are usually no significant insider buys or sells for ETFs like ICSH.

Market share of iShares Ultra Short Duration Bond Active ETF (ICSH): 5.2% (2025, estimated)

Top competitors and their market share:

1. Vanguard Ultra-Short-Term Bond ETF (VUSB): 6.8%
2. SPDR Bloomberg Barclays 1-3 Month T-Bill ETF (BIL): 6.5%
3. PIMCO Enhanced Short Maturity Active ETF (MINT): 6.0%
4. Goldman Sachs Access Treasury 0-1 Year ETF (GBIL): 5.5%
5. iShares Short Treasury Bond ETF (SHV): 5.3%

Moat of iShares Ultra Short Duration Bond Active ETF (ICSH):

The moat of ICSH is moderate, based on the strong iShares brand and broad market acceptance. iShares benefits from an established distribution network and high liquidity, attracting investors seeking short-term, low-risk investments.

Compared to competitors, ICSH does not have a significant technological or cost advantage. The competition, especially Vanguard and PIMCO, offer similar products with comparable cost structures and returns. The main advantage of iShares lies in brand recognition and market presence.

Competitors also have strong brands and offer similar benefits, making the competition intense. Therefore, the moat of iShares is not significantly larger than that of the competition, but sufficient to maintain a stable market position.

Fund Size: $6.5 billion USD (2023)
Average Return of the Last 3 Years: 1.8% p.a.
Ongoing Charges Figure: 0.08%

The iShares Ultra Short Duration Bond Active ETF (ICSH) is designed to provide low interest rate risk by investing in short-term bonds. This makes it particularly attractive for investors pursuing a conservative investment strategy and looking to park their capital short-term.

The average return of 1.8% over the last three years shows that the ETF was able to generate stable returns, even though the interest rate environment was relatively low during this time. The low ongoing charges figure of 0.08% is another advantage as it does not significantly diminish the return.

For investors seeking a secure and liquid form of investment, ICSH could be a good choice. It offers a way to hedge the portfolio against interest rate risks while providing a moderate return. However, it is important to note that returns may vary in a rising interest rate environment.

Dividend Yield: 1.5% (estimated for 2025)

The iShares Ultra Short Duration Bond Active ETF (BATS:ICSH) is known for making regular distributions as it invests in short-term bonds that generate interest income. The dividend yield typically ranges from 1% to 2%, depending on current interest rates and market conditions.

The distributions are relatively reliable as they are based on the interest income from the underlying bonds. However, they may fluctuate depending on the interest rate environment. In a rising interest rate environment, distributions could potentially be higher, while they could be lower in a low-interest rate environment.