BlackRock’s iShares is the world’s biggest exchange traded fund provider, bringing to market many large and well-known ETF strategies. Still, the money manager is not immune to finicky investors as the firm plans to close its first ETF in over a decade.

The firm will shut down its iShares Diversified Alternatives Trust (NYSEArca: ALT) next month, reports Matt Hougan for IndexUniverse. In the meantime, ALT will trade normally, but it will liquidate its position on the final day of trading and return the proceeds to shareholders.  [The Number of ETF Closures is Rising]

As a fund closes, investors should use limit orders to exit the fund. However, if you hold onto the fund until the bitter end, an investor will receive a full cash value equivalent to their exposure to the underlying holdings at the end price.

“iShares continually reviews its product range to ensure it meets the evolving needs of our clients,” Patrick Dunne, head of Global Markets and Investments for BlackRock, said in the article. “Based on the review and client feedback, it appears this product has a limited role in today’s investment portfolios, and we have seen little long-term demand.”

Since its October 2009 inception, the fund has provided exposure to a mix of equity, fixed-income and currency futures and forwards as it attempted to generate steady returns with limited volatility, producing an annualized gain of 0.87% with relatively low volatility.