Fixed Income

BRLN

iShares Floating Rate Loan Active ETF

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Overview

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Performance

Performance

Growth of Hypothetical $10,000

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Distributions

Record Date Ex-Date Payable Date
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Premium/Discount

  1y 3y 5y 10y Incept.
9.53 - - - 10.49
Market Price (%) 8.34 - - - 10.52
Benchmark (%) 9.62 - - - 10.99
After Tax Pre-Liq. (%) 5.87 - - - 6.96
After Tax Post-Liq. (%) 5.54 - - - 6.48
  YTD 1m 3m 6m 1y 3y 5y 10y Incept.
6.24 0.64 2.14 3.76 9.53 - - - 21.97
Market Price (%) 5.11 0.16 1.93 3.33 8.34 - - - 22.05
Benchmark (%) 6.59 0.74 2.09 4.06 9.62 - - - 23.05
After Tax Pre-Liq. (%) 4.03 0.35 1.33 2.10 5.87 - - - 14.34
After Tax Post-Liq. (%) 3.66 0.38 1.26 2.21 5.54 - - - 13.32
  2019 2020 2021 2022 2023
Total Return (%) - - - - 12.46
Market Price (%) - - - - 13.39
Benchmark (%) - - - - 13.10
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. 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.

Key Facts

Key Facts

Net Assets of Fund
as of Dec 13, 2024
$57,550,778
Exchange
Cboe BZX formerly known as BATS
Benchmark Index
Morningstar LSTA Leveraged Loan Index
Distribution Frequency
Monthly
CUSIP
092528405
30 Day Avg. Volume
as of Dec 13, 2024
6,252.00
Daily Volume
as of Dec 13, 2024
5,225.00
Fund Launch Date
Oct 04, 2022
Asset Class
Fixed Income
Shares Outstanding
as of Dec 13, 2024
1,100,000
Premium/Discount
as of Dec 13, 2024
0.57%
Closing Price
as of Dec 13, 2024
52.62
30 Day Median Bid/Ask Spread
as of Dec 13, 2024
0.47%

Portfolio Characteristics

Portfolio Characteristics

Number of Holdings
as of Dec 13, 2024
452
30 Day SEC Yield
as of Dec 12, 2024
7.21%
Standard Deviation (3y)
as of -
-
Average Yield to Maturity
as of Dec 12, 2024
7.50%
Weighted Avg Maturity
as of Dec 12, 2024
3.36 yrs
Option Adjusted Spread
as of Dec 12, 2024
262.66 bps
Equity Beta (3y)
as of -
-
12m Trailing Yield
as of Dec 12, 2024
7.75%
Unsubsidized 30-Day SEC Yield
as of Dec 12, 2024
7.13%
Weighted Avg Coupon
as of Dec 12, 2024
7.40
Effective Duration
as of Dec 12, 2024
0.35 yrs
This information must be preceded or accompanied by a current prospectus. For standardized performance, please see the Performance section above.

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 Dec 12, 2024
0.00%
MSCI - Nuclear Weapons
as of Dec 12, 2024
0.00%
MSCI - Civilian Firearms
as of Dec 12, 2024
0.01%
MSCI - Tobacco
as of Dec 12, 2024
0.00%
MSCI - UN Global Compact Violators
as of Dec 12, 2024
0.01%
MSCI - Thermal Coal
as of Dec 12, 2024
0.00%
MSCI - Oil Sands
as of Dec 12, 2024
0.00%

Business Involvement Coverage
as of Dec 12, 2024
18.74%
Percentage of Fund not covered
as of Dec 12, 2024
81.26%
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

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 0.60%
Acquired Fund Fees and Expenses 0.03%
Other Expenses 0.00%
Expense Ratio 0.63%
Fee Waivers 0.08%
Net Expense Ratio 0.55%

The amounts shown above are as of the current prospectus, but may not include extraordinary expenses incurred by the Fund over the past fiscal year. Amounts are rounded to the nearest basis point, which in some cases may be "0.00".

Ratings

Ratings

Morningstar Medalist Rating

Morningstar Medalist Rating - BRONZE
Morningstar has awarded the Fund a Bronze medal. (Effective Oct 31, 2024)
Analyst-Driven % as of Oct 31, 2024
55.00
Data Coverage % as of Oct 31, 2024
88.00

Holdings

Holdings

as of Dec 12, 2024
Issuer Weight (%)
ISHARES BROAD USD HIGH YIELD CORPORATE BOND ETF 2.14
ISHARES HIGH YIELD CORPORATE BOND 1.89
ISHARES IBOXX DOLLAR HIGH YIELD CORPORATE BOND FUND 1.68
CLOUD SOFTWARE GROUP INC 1.36
MEDLINE BORROWER LP 1.13
Issuer Weight (%)
ALLIANT HOLDINGS INTERMEDIATE LLC 1.08
TRANSDIGM INC 1.03
DUN & BRADSTREET CORPORATION (THE) 0.96
CLOVER HOLDINGS 2 LLC 0.96
ATHENAHEALTH GROUP INC 0.93
Ticker Name Type 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 Dec 12, 2024

% of Market Value

Type Fund
as of Dec 12, 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 Dec 12, 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.

Portfolio Managers

Portfolio Managers

Carly Wilson
Managing Director

Carly Wilson, Managing Director, is a member of BlackRock's Global Credit Platform. She is a portfolio manager for the platform's bank loan strategies and global long/short credit strategies.

Mitchell S. Garfin, CFA
Co-Head of U.S. High Yield in Global Credit team

  

Tara Fitzpatrick
Tara Fitzpatrick

Literature

Literature

 

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