Fixed Income

BRLN

BlackRock Floating Rate Loan ETF ACTIVE

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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.

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Performance

Performance

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Distributions

Record Date Ex-Date Payable Date
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This chart shows the fund's performance as the percentage loss or gain per year over the last 1 years.

  2019 2020 2021 2022 2023
Total Return (%) 12.5
Benchmark (%) 13.1
  From
30/Jun/2019
To
30/Jun/2020
From
30/Jun/2020
To
30/Jun/2021
From
30/Jun/2021
To
30/Jun/2022
From
30/Jun/2022
To
30/Jun/2023
From
30/Jun/2023
To
30/Jun/2024
Total Return (%)

as of 30/Jun/2024

- - - - 10.13
Benchmark (%)

as of 30/Jun/2024

- - - - 11.06
  1y 3y 5y 10y Incept.
10.13 - - - 10.74
Benchmark (%) 11.06 - - - 11.33
  YTD 1m 3m 6m 1y 3y 5y 10y Incept.
4.02 0.30 1.59 4.02 10.13 - - - 19.42
Benchmark (%) 4.40 0.30 1.93 4.40 11.06 - - - 20.53

Key Facts

Key Facts

Net Assets of Fund
as of 18/Jul/2024
USD 47’088’957
Exchange
Cboe BZX formerly known as BATS
Benchmark Index
Morningstar LSTA Leveraged Loan Index
Premium/Discount
as of 18/Jul/2024
0.34%
Volume - 1d
as of 18/Jul/2024
8’736.00
Fund Launch Date
04/Oct/2022
Asset Class
Fixed Income
Distribution Frequency
Monthly
CUSIP
092528405

Portfolio Characteristics

Portfolio Characteristics

Number of Holdings
as of 18/Jul/2024
418
12 Month Trailing Dividend Distribution Yield
as of 17/Jul/2024
8.49%
Weighted Av YTM
as of 18/Jul/2024
8.62%
Weighted Avg Maturity
as of 18/Jul/2024
3.60 yrs
Option Adjusted Spread
as of 18/Jul/2024
301.65
Equity Beta (3y)
as of -
-
Standard Deviation (3y)
as of -
-
Weighted Avg Coupon
as of 18/Jul/2024
8.24
Effective Duration
as of 18/Jul/2024
0.33

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 16/Jul/2024
0.00%
MSCI - Nuclear Weapons
as of 16/Jul/2024
0.00%
MSCI - Civilian Firearms
as of 16/Jul/2024
0.01%
MSCI - Tobacco
as of 16/Jul/2024
0.01%
MSCI - UN Global Compact Violators
as of 16/Jul/2024
0.01%
MSCI - Thermal Coal
as of 16/Jul/2024
0.00%
MSCI - Oil Sands
as of 16/Jul/2024
0.00%

Business Involvement Coverage
as of 16/Jul/2024
19.13%
Percentage of Fund not covered
as of 16/Jul/2024
80.87%
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.

Fees

Fees

as of current prospectus
Management Fee 0.60
Acquired Fund Fees and Expenses 0.02
Foreign Taxes and Other Expenses 0.00
Gross Expense Ratio 0.62
Fee Waivers 0.07
Net Expense Ratio 0.55

Registered Locations

Registered Locations

Holdings

Holdings

as of 18/Jul/2024
Issuer Weight (%)
ISHARES IBOXX DOLLAR HIGH YIELD CORPORATE BOND FUND 2.77
ISHARES HIGH YIELD CORPORATE BOND 2.73
ISHARES BROAD USD HIGH YIELD CORPORATE BOND ETF 1.56
MEDLINE BORROWER LP 1.51
CLOUD SOFTWARE GROUP INC 1.17
Issuer Weight (%)
DUN & BRADSTREET CORPORATION (THE) 1.08
ALLIANT HOLDINGS INTERMEDIATE LLC / ALLIANT HOLDINGS CO-ISSUER 1.05
CENTRAL PARENT LLC 0.90
DEERFIELD DAKOTA HOLDING LLC 0.88
TRANSDIGM INC 0.86
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 18/Jul/2024

% of Market Value

Type Fund
as of 18/Jul/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 18/Jul/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
Cboe BZX formerly known as BATS BRLN USD 06/Oct/2022 - -

Portfolio Managers

Portfolio Managers

Carly Wilson
Carly Wilson
Mitchell Garfin
Mitchell Garfin
Tara Fitzpatrick
Tara Fitzpatrick

Literature

Literature