...NEW YORK (S&P Global Ratings) Oct. 20, 2016--S&P Global Ratings today said it assigned its 'B-f' fund credit quality and an '##' fund volatility rating on the iShares U.S. Preferred Stock ETF. BlackRock Fund Advisors (BFA), the fund's investment adviser, is a subsidiary of BlackRock Inc. As of Sept. 30, 2016, BlackRock's assets under management totaled more than $5.1 trillion across equity, fixed income, cash management, alternative investment, real estate, and advisory strategies. State Street Bank & Trust Co. is the administrator, custodian, and transfer agent for the fund. BlackRock Investments LLC, a subsidiary of BlackRock Inc., is the fund's distributor. The fund tracks an index composed of U.S. traded preferred stocks. BFA uses a passive or indexing approach to achieve the funds' investment objectives. The iShares U.S. Preferred Stock ETF was first launched on March 26, 2007. The ETF seeks to track the performance, before fees and expenses, of its respective index: the S&P U.S. Preferred...
