Multi Asset

IALT

iShares Systematic Alternatives Active ETF ACTIVE

  • NAV as of Dec 09, 2025 $25.00
  • Fees as stated in the prospectus Expense Ratio: 0.99%

Overview

Why IALT?

1. Seek total return across market cycles: IALT seeks differentiated sources of return across equities, credit, and macro strategies to pursue returns that are resilient across different market environments.

 

2. Built on 40 years of innovation: Managed by BlackRock Systematic, IALT blends deep investment expertise with data and technology.

 

3. Alternatives meets access: IALT combines the potential benefits of alternative investing with the convenience of an ETF.

INVESTMENT OBJECTIVE

The iShares Systematic Alternatives Active ETF seeks total return over the long term.
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Performance

Performance

Growth of Hypothetical $10,000

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The Hypothetical Growth of $10,000 chart reflects a hypothetical $10,000 investment and assumes reinvestment of dividends and capital gains. Fund expenses, including management fees and other expenses were deducted.

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 found in the Performance section.

Distributions

This fund does not have any distributions.
Record Date Ex-Date Payable Date Total Distribution Income ST Cap Gains LT Cap Gains Return of Capital

Premium/Discount

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Performance data is not currently available
Performance data is not currently available
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.

The ETF total return may appear to diverge from the return of its benchmark. This may be due to the use of systematic fair value. Click here for more information

The ETF total return is based on the ETF’s net asset value, which uses systematic fair value to price certain foreign assets as of 4:00 p.m. Eastern time (when foreign markets may be closed). The benchmark return uses local market closing prices which may differ from systematic fair value prices. This difference may result in divergence of ETF total return and benchmark return. For more information, please consult the fund’s prospectus. Institutional Non-Fair Value Impact Report

Key Facts

Key Facts

Net Assets of Fund
as of Dec 09, 2025
$70,000,000
Exchange
NASDAQ
Benchmark Index
ICE BofA 3 Month Treasury Bill Index
Distribution Frequency
Annual
CUSIP
09290C665
Non-FV NAV
as of Dec 09, 2025
25.00
30 Day Median Bid/Ask Spread
-
Fund Launch Date
Dec 09, 2025
Asset Class
Multi Asset
Shares Outstanding
as of Dec 09, 2025
2,800,000
Premium/Discount
-
Closing Price
-
30 Day Avg. Volume
-
Daily Volume
-

Portfolio Characteristics

Portfolio Characteristics

Number of Holdings
as of -
-
30 Day SEC Yield
as of -
-
Equity Beta (3y)
as of -
-
Standard Deviation (3y)
as of -
-
This information must be preceded or accompanied by a current prospectus. For standardized performance, please see the Performance section above.

Fees

Fees

as of current prospectus
Management Fee 0.99%
Acquired Fund Fees and Expenses 0.00%
Other Expenses 0.00%
Expense Ratio 0.99%

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

Holdings

Holdings

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 (%) Yield to Call (%) Yield to Worst (%) Real Duration Real YTM (%) Accrual Date Effective Date
Detailed Holdings and Analytics
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. Notional value represents the portfolio's exposures based on the economic value of investments and options are delta-adjusted. 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.

“Quantity” represents the number of shares, units or contracts of the corresponding security, as applicable per security type.

Exposure Breakdowns

Exposure Breakdowns

as of Dec 08, 2025

% of Notional Value

Type Fund
Allocations are subject to change.

Portfolio Managers

Portfolio Managers

Raffaele Savi
Raffaele Savi
Global Head of BlackRock Systematic and Co-Chief Investment Officer and Co-Head of BlackRock’s Systematic Equities
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Raffaele Savi, Senior Managing Director, is Global Head of BlackRock Systematic (BSYS) and Co-Chief Investment Officer and Co-Head of Systematic Equities. He is a member of BlackRock’s Global Executive Committee and its Investment Sub Committee.

 

As head of BSYS, Mr. Savi leads the firm’s quantitative investing teams, including fixed income, equity and factor strategies.

 

In 2006, Mr. Savi joined Barclay's Global Investors (BGI), which merged with BlackRock in 2009. At BGI, Mr. Savi was global head of portfolio management for active equities and also served as its head of investments for European active equities.

 

Mr. Savi joined BGI from Capitalia where he held several executive roles in its asset management division between 1998 and 2005. His industry experience includes serving as board member and advisor to several pension funds and investment companies.

 

He was Adjunct Professor of Quantitative Finance at the University of Rome from 2002 to 2006, and since 2022, he has been a lecturer for the Master of Financial Engineering Program at Haas School of Business at University of California, Berkeley.

 

Mr. Savi earned a degree in electronic engineering from the University of Rome in 1997.

Stephanie Lee
Stephanie Lee
Managing Director, Systematic Equities

    

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Stephanie Lee, Managing Director, is the co-lead of the Systematic Equities Macro group within BlackRock’s Systematic investment team. She is responsible for leading the research effort in macroeconomic insights and portfolio management for macro models and the equity futures platform. She also contributes to emerging market security selection research, focusing on applications of primary unstructured data. Prior to joining the systematic equities team in 2015, she conducted macroeconomic and equities research within the Blackrock Global Market Strategies group.

 

Prior to joining BlackRock in 2010, Ms. Lee held a research role at Axiom Investment Advisors, a model-driven currencies fund, and co-founded Babel Research, a technology firm that collected internet-based text data to inform quantitative investment strategies. During her academic career she published in various Computer Science journals including the Journal of the ACM.Ms. Lee graduated cum laude from Harvard University, with a BA in Applied Mathematics and Economics, and from University of Oxford, with an MSc in Mathematics and Computer Science Theory where she wrote her dissertation on the computational complexity of database queries.

Richard Mathieson
Richard Mathieson
Managing Director, Systematic Equities
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Richard Mathieson, CA, Managing Director, is a portfolio manager for global equity strategies within BlackRock’s Systematic investment team. Mr. Mathieson is a portfolio manager for several funds in the systematic equities team and leads the management of our Global Equity Market Neutral strategy.

 

Prior to this, he led the Investment Strategy team in EMEA for systematic equities. Mr. Mathieson's service with the firm dates back to 2002, including his years with Barclays Global Investors (BGI), which merged with BlackRock in 2009. Prior to rejoining BGI in 2008, Mr. Mathieson was an equity analyst for a specialist investment company focused on European financial stocks. Previously he was with BGI as a senior portfolio manager, where he was responsible for managing both long only and market neutral strategies.

 

Mr. Mathieson qualified as a Chartered Accountant with PricewaterhouseCoopers in 2000 and holds a Bachelor of Accountancy from the University of Glasgow.

Jeffrey Rosenberg, CFA
Jeffrey Rosenberg, CFA
Managing Director, Systematic Fixed Income

   

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Jeffrey Rosenberg, CFA, Managing Director is a senior portfolio manager within BlackRock Systematic. He is the co-lead for Systematic Fixed Income active long-only products including mutual funds, institutional portfolios and ETFs. In this role he serves as a member of the SFI Investment and Executive Committees and as a co-lead portfolio manager for several of our investment products including the Systematic Multi-Strategy Fund and iShares Investment Grade and High Yield Systematic Bond ETFs (IGEB and HYDB).

 

Mr. Rosenberg's service with the firm dates back to 2011, when he joined the Fundamental fixed income group as Chief Investment Strategist for fixed income. In 2016, this role transitioned into the BlackRock Investment Institute. His responsibilities included helping to develop BlackRock's strategic and tactical views on sector allocation within fixed income, currencies and commodities.

 

Prior to joining BlackRock, Mr. Rosenberg spent nearly 10 years at Bank of America Merrill Lynch as the Chief Credit Strategist coordinating strategy across all fixed income, securitized assets, credit, FX and commodities. In addition, Mr. Rosenberg specialized in quantitative credit modeling and developed the first commercialized credit portfolio analytics system from a dealer firm.

 

Mr. Rosenberg earned a Master of Science degree in Computational Finance from Carnegie Mellon, a BA in Mathematics from the Univ. of Minnesota, and a BA in Finance from the Univ. of Wisconsin.

This fund does not seek to follow a sustainable, impact or ESG investment strategy. For more information regarding the fund's investment strategy, please see the fund's prospectus or, as applicable, shareholder report.

Literature

Literature