iShares Files for Active U.S. Treasury ETF

The iShares Systematic Treasury Active ETF will focus on U.S. government debt, investing at least 80% of assets in Treasury securities and related derivatives. The portfolio may hold Treasury bills, notes, bonds, TIPS and STRIPS, while using a systematic, model-driven strategy based on expected returns, risk and transaction costs. The fund can also employ futures, options, swaps and forwards to enhance returns, hedge risks and manage cash flows. Unlike an index-tracking Treasury ETF, its active approach may result in higher portfolio turnover.