Fixed Income

BRLN

iShares Floating Rate Loan Active ETF ACTIVE

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.
7.05 - - - 9.38
Market Price (%) 6.16 - - - 9.15
Benchmark (%) 7.34 - - - 9.86
After Tax Pre-Liq. (%) 3.94 - - - 5.99
After Tax Post-Liq. (%) 4.15 - - - 5.72
  YTD 1m 3m 6m 1y 3y 5y 10y Incept.
2.82 0.79 2.56 2.82 7.05 - - - 27.84
Market Price (%) 1.85 0.68 1.61 1.85 6.16 - - - 27.11
Benchmark (%) 2.81 0.83 2.32 2.81 7.34 - - - 29.38
After Tax Pre-Liq. (%) 1.69 0.55 1.85 1.69 3.94 - - - 17.28
After Tax Post-Liq. (%) 1.65 0.47 1.51 1.65 4.15 - - - 16.46
  2020 2021 2022 2023 2024
Total Return (%) - - - 12.46 8.30
Market Price (%) - - - 13.39 7.49
Benchmark (%) - - - 13.10 9.01
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.
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Key Facts

Key Facts

Net Assets of Fund
as of Jul 07, 2025
$59,768,682
Exchange
Cboe BZX
Benchmark Index
Morningstar LSTA Leveraged Loan Index
Distribution Frequency
Monthly
CUSIP
092528405
30 Day Avg. Volume
as of Jul 03, 2025
5,164.00
Daily Volume
as of Jul 03, 2025
4,725.00
Fund Inception
Oct 04, 2022
Asset Class
Fixed Income
Shares Outstanding
as of Jul 07, 2025
1,150,000
Premium/Discount
as of Jul 03, 2025
-0.28
Closing Price
as of Jul 03, 2025
51.79
30 Day Median Bid/Ask Spread
as of Jul 03, 2025
0.41%

Portfolio Characteristics

Portfolio Characteristics

Number of Holdings
as of Jul 03, 2025
448
30 Day SEC Yield
as of Jul 03, 2025
6.90%
Standard Deviation (3y)
as of -
-
Average Yield to Maturity
as of Jul 03, 2025
7.58%
Weighted Avg Maturity
as of Jul 03, 2025
4.18 yrs
Option Adjusted Spread
as of Jul 03, 2025
278.52 bps
Equity Beta (3y)
as of -
-
12m Trailing Yield
as of Jul 03, 2025
6.94%
Unsubsidized 30-Day SEC Yield
as of Jul 03, 2025
6.83%
Weighted Avg Coupon
as of Jul 03, 2025
7.01
Effective Duration
as of Jul 03, 2025
0.25 yrs
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 0.60%
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 May 31, 2025)
Analyst-Driven % as of May 31, 2025
55.00
Data Coverage % as of May 31, 2025
88.00

Holdings

Holdings

as of Jul 03, 2025
Issuer Weight (%)
ISHARES HIGH YIELD CORPORATE BOND 1.82
ISHARES BROAD USD HIGH YIELD CORPORATE BOND ETF 1.13
MEDLINE BORROWER LP 1.03
TRANSDIGM INC 0.97
ISHARES IBOXX HIGH YIELD CORPORATE BOND ETF 0.97
Issuer Weight (%)
ASURION LLC 0.89
CLOUD SOFTWARE GROUP INC 0.89
CLARIOS GLOBAL LP 0.80
ALLIANT HOLDINGS INTERMEDIATE LLC 0.79
EMRLD BORROWER LP 0.74
Ticker Name Type Sector Asset Class Market Value Weight (%) Notional Value Quantity 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. 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.

The “SYNTH” included in the Holdings table above are swaptions held by the Fund.

Exposure Breakdowns

Exposure Breakdowns

as of Jul 03, 2025

% of Market Value

Type Fund
as of Jul 03, 2025

% 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 Jul 03, 2025

% 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.

Price Yield Calculator

Price Yield Calculator

The calculator provides clients with an indication of an ETF's yield and duration for a given market price. The ACF Yield is the discount rate that equates the ETF's aggregate cash flows (i.e., the sum of the cash flows of the ETF's holdings) to a given ETF price. The cash flows are based on the yield to worst methodology in which a bond's cash flows are assumed to occur at the call date (if applicable) or maturity, whichever results in the lowest yield for that bond holding. For a given ETF price, this calculator will estimate the corresponding ACF Yield and spread to the relevant government reference security yield. Note that the ACF Yield will differ from the ETF's Weighted Avg YTM. For more information on Aggregate Cash Flow Yield, see info here.

Results generated are for illustrative purposes only and are not representative of any specific investment outcome. For standardized performance, please see the Performance section above.

READY TO INVEST?

READY TO INVEST?

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Portfolio Managers

Portfolio Managers

Carly Wilson
Head of BlackRock Bank Loans

Carly Wilson, Managing Director, serves as the Head of BlackRock's Bank Loans platform within BlackRock’s Fundamental Fixed Income group. Wilson also co-manages the Global Long/Short Credit Strategy.

Mitchell S. Garfin, CFA
Co-Head of US Leveraged Finance

Mitchell S. Garfin, CFA, Managing Director, is Co-Head of US Leveraged Finance within BlackRock’s Fundamental Fixed Income Platform. He is responsible for managing the US High Yield and Global High Yield strategies and also has oversight responsibility for the platform’s US Leveraged loan strategies.

Tara Fitzpatrick
Tara Fitzpatrick

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.

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