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iShares Morningstar Multi-Asset Inc ETF (IYLD)

BATS - BATS Delayed price. Currency in USD
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22.46+0.01 (+0.04%)
At close: 3:59PM EDT
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    This fund sounds interesting but I have two concerns.
    1. Why is it so small, less than 400M ?
    2. Since it is a fund of funds it’s holding are a handful of Ishares ETF’s. The fund charges a management fee which is fine, but do the funds it owns also charge management fees?