BRLNiShares Floating Rate Loan Active ETF

Get income3y track recordRanked #1,092 of 1,622 in this goal

Primarily seeks to provide high current income and secondarily long-term capital appreciation.

By iShares · Launched 2022

Annual Cost

0.55%

#2,811 of 5,562 · average

Fund Size

$54M

#3,509 of 5,562 · mid-size

Dividend YieldGoal

6.40%

Track Record

3 years

#2,807 of 5,562 · seasoned

Performance

Total-return NAV · USD

Growth of $10,000

$10,588+5.9%

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

Classification

How Beacon categorizes this fund

Asset class

Fixed income

Region

North america

Strategy

Active selection

What it actually holds

By weight

Concentration

Top 10 holdings = 22.7% of fund✓ well diversified

BLACKROCK CASH FUNDS TREASURY SL AGENCY SHARES

13.9%

iShares Broad USD High Yield Corporate Bond ETF

2.4%

iShares 0-5 Year High Yield Corporate Bond ETF

1.5%

Alliant Holdings Intermediate, LLC

0.8%

BEIGNET INVESTOR LLC

0.8%

HUB International Limited

0.7%

HOLOGIC INC

0.7%

Level 3 Financing Inc

0.7%

Sedgwick Claims Management Services Inc

0.6%

Allied Universal Holdco LLC

0.6%

Asset allocation

Bonds

90.2%

Cash

9.6%

Stocks

0.2%

Preferred

0.0%

Other

0.0%

Risk profile

Last 12 months · Sharpe & Sortino need 3+ years

Volatility (1Y)

3.2%Low

Year-on-year price swings

Max drawdown

-3.8%Mild

Worst peak-to-trough loss

Sharpe (3Y)

1.06Strong risk-adjusted returns

Sortino (3Y)

1.55Good downside protection

Bond profile

Duration

6.4 years

Credit ratings

BBB

6.1%

31.2%

54.2%

Below B

3.6%

Other

4.8%

Where to buy

Listing

Exchange: Cboe BZX

Full fund details

Objective: Primarily seeks to provide high current income and secondarily long-term capital appreciation.
Strategy: Invests primarily in floating rate loans and equivalent investments, aiming for a floating rate of income. May include senior secured loans, second lien loans, and fixed-rate loans converted to floating rates via derivatives. Can invest in any credit quality, including below investment grade.
Inception date: October 4, 2022
Fund family: iShares