Skip to content
Beacon

BALIiShares U.S. Large Cap Premium Income Active ETF

Get income2y track recordRanked #360 of 1,650 in this goal

Seeks consistent income with lower volatility than the broader U.S. equity market.

By BlackRock · Launched 2023

Annual Cost

0.35%

#1,645 of 5,853 · low cost

Fund Size

$1.2B

#1,017 of 5,853 · large

Dividend YieldGoal

3.06%

Track Record

2 years

#3,113 of 5,853 · seasoned

Performance

Total-return NAV · USD
Growth of $10,000
$12,152+21.5%

Total-return NAV, USD. Net of fund fees, before tax.

What's inside

How Beacon categorizes this fund

Asset class

Alternative

Region

North america

Strategy

Option income

Index tracked

S&P 500 Index

What it actually holds

By weight

Concentration

Top 10 holdings = 36.0% of fund✓ well diversified

NVIDIA Corp.
6.9%
Apple Inc.
5.8%
Microsoft Corp.
5.4%
Amazon.com, Inc.
3.7%
BLACKROCK CASH FUNDS
3.1%
Alphabet Inc.
2.8%
Alphabet Inc.
2.3%
Broadcom Inc
2.1%
Johnson & Johnson
2.1%
Meta Platforms Inc
1.7%

Asset allocation

Stocks
76.2%
Cash
23.9%

Risk profile

Last 12 months · Sharpe & Sortino need 3+ years
Volatility (1Y)
10.7%Moderate

Year-on-year price swings

Max drawdown
-16.6%Moderate

Worst peak-to-trough loss

Sharpe (3Y)
Unavailable

Needs 3+ years of history

Sortino (3Y)
Not yet

Needs 3+ years of history

Listing

Exchange
Cboe BZX

Full fund details

Objective
Seeks consistent income with lower volatility than the broader U.S. equity market.
Strategy
Invests primarily in large cap equity securities of U.S. issuers, employing a targeted outcome strategy that includes selling call options on a U.S. large cap equity index like the S&P 500. Aims for premium income generation and potential capital appreciation while managing risk through quantitative analysis.
Inception date
September 26, 2023
Fund family
BlackRock

Our take

Structural notes on how this fund behaves. Read our guide on the 6 warning signs.

Covered call
Warning

The big yield isn't extra money

The headline distribution comes from selling call options, which caps the fund's upside. Across a full market cycle that trade costs more than it brings in — often 1 to 3 percentage points a year against just holding the index. Monthly payouts make the gap easy to miss on a return summary.

Sources: Israelov & Ndong, 'A Devil's Bargain: When Generating Income Undermines Investment Returns' (NDVR, 2023)

Educational analysis of structural product characteristics. Not investment advice. Always read the fund prospectus and consult a qualified advisor before investing. More

What's next?

You've looked at BALI. Save it to your watchlist to weigh it against other funds, then turn your shortlist into a portfolio.

See other funds for this goal

Data updated on 2026-08-02