Fixed Income

BRTR

iShares Total Return Active ETF

Overview

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.

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Performance

Performance

Distributions

Record Date Ex-Date Payable Date
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This chart has been left intentionally blank as there is less than one year's performance data.
Returns not available as there is less than one year’s performance data.
Returns not available as there is less than one year’s performance data.
Returns not available as there is less than one year’s performance data.
Performance shown reflects fee waivers and/or expense reimbursements by the investment advisor to the fund for some or all of the periods shown. Performance would have been lower without such waivers.
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, and numbers may reflect small variances due to rounding. Standardized performance and performance data current to the most recent month end may be obtained by clicking the "Returns" tab above.

Key Facts

Key Facts

Net Assets of Fund
as of 06-Dec-2024
USD 119,057,960
Exchange
NASDAQ
Benchmark Index
BBG U.S. Aggregate Index
Premium/Discount
as of 06-Dec-2024
0.22%
Volume - 1d
as of 06-Dec-2024
5,444.00
Fund Launch Date
12-Dec-2023
Asset Class
Fixed Income
Distribution Frequency
Monthly
CUSIP
092528876

Portfolio Characteristics

Portfolio Characteristics

Number of Holdings
as of 06-Dec-2024
1100
12 Month Trailing Dividend Distribution Yield
as of 30-Apr-2024
-
Weighted Average YTM
as of 06-Dec-2024
5.27
Weighted Avg Maturity
as of 06-Dec-2024
8.45
Convexity
as of 06-Dec-2024
1.22
Equity Beta (3y)
as of -
-
Standard Deviation (3y)
as of -
-
Weighted Avg Coupon
as of 06-Dec-2024
4.18
Effective Duration
as of 06-Dec-2024
6.45
Option Adjusted Spread
as of 06-Dec-2024
83.67

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 05-Dec-2024
0.20%
MSCI - Nuclear Weapons
as of 05-Dec-2024
0.12%
MSCI - Civilian Firearms
as of 05-Dec-2024
0.01%
MSCI - Tobacco
as of 05-Dec-2024
0.42%
MSCI - UN Global Compact Violators
as of 05-Dec-2024
0.02%
MSCI - Thermal Coal
as of 05-Dec-2024
0.09%
MSCI - Oil Sands
as of 05-Dec-2024
0.02%

Business Involvement Coverage
as of 05-Dec-2024
21.20%
Percentage of Fund not covered
as of 05-Dec-2024
78.80%
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 0.24% and for Oil Sands 0.21%.

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

BlackRock considers many investment risks in our processes. In order to seek the best risk-adjusted returns for our clients, we manage material risks and opportunities that could impact portfolios, including financially material Environmental, Social and/or Governance (ESG) data or information, where available. See our Firm Wide ESG Integration Statement for more information on this approach and fund documentation for how these material risks are considered within this product, where applicable.

Fees

Fees

as of current prospectus
Management Fee 0.40
Acquired Fund Fees and Expenses 0.01
Foreign Taxes and Other Expenses 0.00
Gross Expense Ratio 0.41
Fee Waivers 0.03
Net Expense Ratio 0.38

Ratings

Ratings

Morningstar Medalist Rating

Morningstar Medalist Rating - GOLD
Morningstar has awarded the Fund a Gold medal. (Effective 19-Nov-2024)
Analyst-Driven % as of 19-Nov-2024
100.00
Data Coverage % as of 19-Nov-2024
100.00

Registered Locations

Registered Locations

Holdings

Holdings

as of 06-Dec-2024
Issuer Weight (%)
UNITED STATES TREASURY 28.72
UNIFORM MBS 10.94
FEDERAL HOME LOAN MORTGAGE CORPORATION 7.49
FEDERAL NATIONAL MORTGAGE ASSOCIATION 6.85
GOVERNMENT NATIONAL MORTGAGE ASSOCIATION II 5.80
Issuer Weight (%)
JPMORGAN CHASE & CO 2.44
MORGAN STANLEY 1.43
GOLDMAN SACHS GROUP INC/THE 1.23
MEXICO (UNITED MEXICAN STATES) (GOVERNMENT) 1.03
DIAMONDBACK ENERGY INC 1.01
Issuer Ticker Name Type Sector Asset Class Market Value Weight (%) Notional Value Nominal 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
Detailed Holdings and Analytics contains detailed portfolio holdings information and select analytics.



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 06-Dec-2024

% of Market Value

Type Fund
as of 06-Dec-2024

% of Market Value

Type Fund
Geographic exposure relates principally to the domicile of the issuers of the securities held in the product, added together and then expressed as a percentage of the product’s total holdings. However, in some instances it can reflect the location where the issuer of the securities carries out much of their business.
as of 06-Dec-2024

% of Market Value

Type Fund
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.

as of 06-Dec-2024

% of Market Value

Type Fund
Credit quality ratings on underlying securities of the fund are received from S&P, Moody’s and Fitch and converted to the equivalent S&P major rating category. This breakdown is provided by BlackRock and takes the median rating of the three agencies when all three agencies rate a security, the lower of the two ratings if only two agencies rate a security, and one rating if that is all that is provided. Unrated securities do not necessarily indicate low quality. Below investment-grade is represented by a rating of BB and below. Ratings and portfolio credit quality may change over time.
Allocations are subject to change.

Listings

Listings

Exchange Ticker Currency Listing Date SEDOL Bloomberg Ticker
NASDAQ BRTR USD 14-Dec-2023 - -

Portfolio Managers

Portfolio Managers

Rick Rieder
Managing Director, CIO of Global Fixed Income

  

Chi Chen
Director, Portfolio Manager

  

David Rogal
Managing Director, Portfolio Manager

  

Literature

Literature