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BRLN
BlackRock Floating Rate Loan ETF ACTIVE
-
Fees as stated in the prospectus
Expense Ratio: 0.62%
Net Expense Ratio: 0.55%
Overview
Important Information: Capital at Risk. The value of investments and the income from them can fall as well as rise and are not guaranteed. Investors may not get back the amount originally invested.
Performance
Performance
Growth of Hypothetical 10,000
Performance chart data not available for display.
Distributions
| Record Date | Ex-Date | Payable Date |
|---|
-
Returns
| From 31-Mar-2019 To 31-Mar-2020 |
From 31-Mar-2020 To 31-Mar-2021 |
From 31-Mar-2021 To 31-Mar-2022 |
From 31-Mar-2022 To 31-Mar-2023 |
From 31-Mar-2023 To 31-Mar-2024 |
|
|---|---|---|---|---|---|
|
Total Return (%)
as of Mar 31, 2024 |
- | - | - | - | 11.60 |
|
Benchmark (%)
as of Mar 31, 2024 |
- | - | - | - | 12.39 |
| 1Y | 3Y | 5Y | 10y | Incept. | |
|---|---|---|---|---|---|
| Total Return (%) | 11.60 | - | - | - | 11.46 |
| Benchmark (%) | 12.39 | - | - | - | 11.91 |
Performance data is not currently available
| YTD | 1m | 3M | 6M | 1Y | 3Y | 5Y | 10y | Incept. | |
|---|---|---|---|---|---|---|---|---|---|
| Total Return (%) | 2.39 | 0.91 | 2.39 | 5.55 | 11.60 | - | - | - | 17.55 |
| Benchmark (%) | 2.43 | 0.78 | 2.43 | 5.34 | 12.39 | - | - | - | 18.25 |
Performance data is not currently available
| 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Total Return (%) | - | - | - | - | 12.46 |
| Benchmark (%) | - | - | - | - | 13.10 |
Performance data is not currently available
The performance quoted represents past performance and does not guarantee future results. Investment return and principal value of an investment will fluctuate so that an investor's shares, when sold or redeemed, may be worth more or less than the original cost. Current performance may be lower or higher than the performance quoted.
Key Facts
Key Facts
Net Assets of Fund
as of Apr 18, 2024
USD 39,150,099
Fund Inception Date
Oct 4, 2022
Exchange
Cboe BZX formerly known as BATS
Base Currency
USD
Asset Class
Fixed Income
Benchmark Index
Morningstar LSTA Leveraged Loan Index
ISIN
US0925284053
Distribution Frequency
Monthly
Use of Income
Distributing
Domicile
United States
CUSIP
092528405
Closing Price US
52.46
30 Day Avg. Volume US
10,213.00
Volume - 1d US
as of Apr 18, 2024
7,373.00
Portfolio Characteristics
Portfolio Characteristics
Number of Holdings
as of Apr 18, 2024
409
Equity Beta (3y)
as of -
-
12m Trailing Yield
as of Apr 17, 2024
8.82%
Standard Deviation (3y)
as of -
-
Average Yield to Maturity
as of Apr 18, 2024
8.74%
Weighted Avg Coupon
as of Apr 18, 2024
8.50
Weighted Avg Maturity
as of Apr 18, 2024
3.72 yrs
Effective Duration
as of Apr 18, 2024
0.47 yrs
Option Adjusted Spread
as of Apr 18, 2024
312
Sustainability Characteristics
Sustainability Characteristics
To be included in MSCI ESG Fund Ratings, 65% (or 50% for bond funds and money market funds) of the fund’s gross weight must come from securities with ESG coverage by MSCI ESG Research (certain cash positions and other asset types deemed not relevant for ESG analysis by MSCI are removed prior to calculating a fund’s gross weight; the absolute values of short positions are included but treated as uncovered), the fund’s holdings date must be less than one year old, and the fund must have at least ten securities. MSCI Ratings are currently unavailable for this fund.
Business Involvement
Business Involvement
Business Involvement metrics can help investors gain a more comprehensive view of specific activities in which a fund may be exposed through its investments.
Business Involvement metrics are not indicative of a fund’s investment objective, and, unless otherwise stated in fund documentation and included within a fund’s investment objective, do not change a fund’s investment objective or constrain the fund’s investable universe. For more information regarding a fund's investment strategy, please see the fund's prospectus.
Review the MSCI methodology behind the Business Involvement metrics, using links below.
MSCI - Controversial Weapons
as of Apr 17, 2024
0.00%
MSCI - UN Global Compact Violators
as of Apr 17, 2024
0.01%
MSCI - Nuclear Weapons
as of Apr 17, 2024
0.00%
MSCI - Thermal Coal
as of Apr 17, 2024
0.00%
MSCI - Civilian Firearms
as of Apr 17, 2024
0.01%
MSCI - Oil Sands
as of Apr 17, 2024
0.01%
MSCI - Tobacco
as of Apr 17, 2024
0.01%
Business Involvement Coverage
as of Apr 17, 2024
19.12%
Percentage of Fund not covered
as of Apr 17, 2024
80.88%
BlackRock business involvement exposures as shown above for Thermal Coal and Oil Sands are calculated and reported for companies that generate more than 5% of revenue from thermal coal or oil sands as defined by MSCI ESG Research. For the exposure to companies that generate any revenue from thermal coal or oil sands (at a 0% revenue threshold), as defined by MSCI ESG Research, it is as follows: Thermal Coal 0.00% and for Oil Sands 0.01%.
Business Involvement metrics are calculated by BlackRock using data from MSCI ESG Research which provides a profile of each company’s specific business involvement. BlackRock leverages this data to provide a summed up view across holdings and translates it to a fund's market value exposure to the listed Business Involvement areas above.
Business Involvement metrics are designed only to identify companies where MSCI has conducted research and identified as having involvement in the covered activity. As a result, it is possible there is additional involvement in these covered activities where MSCI does not have coverage. This information should not be used to produce comprehensive lists of companies without involvement. Business Involvement metrics are only displayed if at least 1% of the fund’s gross weight includes securities covered by MSCI ESG Research.
ESG Integration
ESG Integration
ESG integration is the practice of incorporating financially material environmental, social and governance (ESG) data or information into the investment decision process with the objective of enhancing risk-adjusted returns of our clients’ portfolios. Unless otherwise stated in Fund documentation or included within the Fund's investment objective, inclusion of this statement does not imply that the Fund has an ESG-aligned investment objective or strategy, but rather describes how ESG data or information is considered as part of the overall investment process.
The Fund manager includes ESG considerations in the investment research, portfolio construction, and investment monitoring phases of the investment process. The Fund manager maintains internal ESG scorecards for certain issuers under consideration for investment and certain existing issuers of publicly traded securities. These scorecards analyze and track internal and external research views across a range of environmental, social, and governance factors sourced from primary and third-party ESG information and research. Portfolio management teams may consider the sector and issuer ESG views and scores during portfolio construction. The Fund manager also considers ESG criteria during post-investment monitoring and conducts regular portfolio risk reviews between the investment team and BlackRock’s Risk and Quantitative Analysis group. These reviews include discussion of the portfolio's exposure to material ESG risks, where appropriate.
Ratings
Fees
Fees
as of current prospectus
| Management Fee | 0.60 |
| Acquired Fund Fees and Expenses | 0.02 |
| Foreign Taxes and Other Expenses | 0.00 |
| Expense Ratio | 0.62 |
| Fee Waivers | 0.07 |
| Net Expense Ratio | 0.55 |
Holdings
Holdings
as of Apr 18, 2024
| Issuer | Weight (%) |
|---|---|
| ISHARES IBOXX DOLLAR HIGH YIELD CORPORATE BOND FUND | 3.13 |
| ISHARES HIGH YIELD CORPORATE BOND | 2.91 |
| ISHARES BROAD USD HIGH YIELD CORPORATE BOND ETF | 1.82 |
| MEDLINE BORROWER LP | 1.31 |
| CLOUD SOFTWARE GROUP INC | 1.27 |
| Issuer | Weight (%) |
|---|---|
| ALLIANT HOLDINGS INTERMEDIATE LLC / ALLIANT HOLDINGS CO-ISSUER | 1.17 |
| FERTITTA ENTERTAINMENT LLC | 1.11 |
| DUN & BRADSTREET CORPORATION (THE) | 1.10 |
| DEERFIELD DAKOTA HOLDING LLC | 1.06 |
| ALLIED UNIVERSAL HOLDCO LLC | 0.99 |
| Issuer Ticker | Name | Sector | Asset Class | Market Value | Weight (%) | Notional Value | Shares | Par Value | CUSIP | ISIN | SEDOL | Price | Location | Exchange | Currency | Duration | YTM (%) | FX Rate | Maturity | Coupon (%) | Mod. Duration | Yield to Call (%) | Yield to Worst (%) | Real Duration | Real YTM (%) | Market Currency | Accrual Date | Effective Date | Strike price |
|---|
Holdings are subject to change
The values shown for “market value,” “weight,” and “notional value” (the “calculated values”) are based off of a price provided by a third-party pricing vendor for the portfolio holding and do not reflect the impact of systematic fair valuation (“the vendor price”). The vendor price is not necessarily the price at which the Fund values the portfolio holding for the purposes of determining its net asset value (the “valuation price”). Holdings data shown reflects the investment book of record, which may differ from the accounting book of record used for the purposes of determining the Net Assets of the Fund. Additionally, where applicable, foreign currency exchange rates with respect to the portfolio holdings denominated in non-U.S. currencies for the valuation price will be generally determined as of the close of business on the New York Stock Exchange, whereas for the vendor price will be generally determined as of 4 p.m. London. The calculated values may have been different if the valuation price were to have been used to calculate such values. The vendor price is as of the most recent date for which a price is available and may not necessarily be as of the date shown above.
Please see the “Determination of Net Asset Value” section of each Fund’s prospectus for additional information on the Fund’s valuation policies and procedures.
The “SYNTH” included in the Holdings table above are swaptions held by the Fund.
Exposure Breakdowns
Exposure Breakdowns
as of Apr 18, 2024
% of Market Value
The maturity breakdown above is based on Weighted Average Life (WAL). WAL is the average length of time to the repayment of principal for the securities in the fund. This metric considers the likelihood that bonds will be called or prepaid before the scheduled maturity date.
Allocations are subject to change.
Listings
Listings
| Exchange | Ticker | Currency | Listing Date | SEDOL | Bloomberg Ticker |
|---|---|---|---|---|---|
| Cboe BZX formerly known as BATS | BRLN | USD | Oct 6, 2022 | - | - |
Portfolio Managers
Portfolio Managers
Portfolio Manager for Bank Loans and Global Long/Short Credit Strategies, BlackRock
Carly Wilson is a Portfolio Manager on Global Long Short Credit, a US mutual fund investing across the global credit spectrum
Co-Head of Leveraged Finance, BlackRock
Mitchell S. Garfin, CFA, Managing Director, is the Co-Head of Leveraged Finance within BlackRock's Global Credit team. He is responsible for managing US High Yield and Global strategies.
Tara Fitzpatrick
