The iShares Core Conservative Allocation ETF is an exchange traded fund that aims to track the investment results of the S&P Target Risk Conservative Index, an index comprised of a portfolio of underlying equity and fixed income funds intended to represent a conservative target risk allocation strategy. The fund is managed and administered by Blackrock, an independent investment management company and a major global provider of exchange traded funds. Blackrock is headquartered in New York City. The fund was founded in 2008.
The aim of the fund is to provide investors with exposure to a diversified core portfolio based on conservative risk considerations, using one low-cost and convenient fund. The fund primarily invests in other exchange traded funds, cash and cash derivatives, bonds and global stocks.