BlackRock Broadens Outcomes Suite with Equity BuyWrite ETFs

BlackRock today announced the launches of the iShares S&P 500 BuyWrite ETF (Cboe: IVVW) and the iShares Russell 2000 BuyWrite ETF (Cboe: IWMW), which seek to generate an attractive monthly income and help investors diversify their income sources.

The ETFs provide access to a differentiated source of income by selling monthly call options on their underlying indices – in addition to receiving dividend income – in a single-ticker solution. The Funds expand BlackRock’s outcome-oriented strategies, joining a lineup which includes fixed income BuyWrite and buffer ETF strategies, among others.

“Income remains top of mind as investors move out of cash and prepare for a shift in monetary policy,” said Rachel Aguirre, Head of U.S. iShares Product at BlackRock. “These equity BuyWrite ETFs simplify access to a well-known options strategy for investors seeking to capture enhanced income opportunities in the US equity market. Alongside our fixed income BuyWrite ETFs, investors now have an expanded toolkit to diversify their income sources.”

ETF	Index	Expenses
iShares S&P 500 BuyWrite ETF (IVVW)	S&P 500 Index	0.25%
iShares Russell 2000 BuyWrite ETF (IWMW)	Russell 2000 Index	0.39%

Enhance Equity Income Beyond Traditional Sources

Shareholders can anticipate monthly distribution of the call option premiums collected and dividends distributions on a quarterly basis, while providing incremental limited equity upside exposure. Supported by BlackRock’s extensive derivative investing expertise, these ETFs implement a popular options strategy with the liquidity and convenience of an ETF wrapper.

As client demand for outcome-oriented strategies continues to grow, BlackRock is positioned to enable access to both broad and specialized exposures throughout the market. BlackRock equips clients with an extensive and complementary array of portfolio tools spanning active and index strategies in their wrapper of choice.

About BlackRock

BlackRock’s purpose is to help more and more people experience financial well-being. As a fiduciary to investors and a leading provider of financial technology, we help millions of people build savings that serve them throughout their lives by making investing easier and more affordable. For additional information on BlackRock, please visit www.blackrock.com/corporate