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Beacon

BRTRiShares Total Return Active ETF

Get income2y track recordRanked #507 of 1,628 in this goal

Seeks to realize a total return that exceeds that of the Bloomberg U.S. Aggregate Bond Index.

By BlackRock · Launched 2023

Annual Cost

0.38%

#1,876 of 5,573 · low cost

Fund Size

$663M

#1,367 of 5,573 · large

Dividend YieldGoal

4.65%

Track Record

2 years

#3,339 of 5,573 · seasoned

Performance

Total-return NAV · USD
Growth of $10,000
$10,559+5.6%

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

What's inside

How Beacon categorizes this fund

Asset class

Fixed income

Region

North america

Strategy

Active selection

Index tracked

Bloomberg US Aggregate Bond Index

What it actually holds

By weight

Concentration

Top 10 holdings = 34.1% of fund✓ well diversified

UMBS, TBA
7.8%
UMBS, TBA
7.7%
BLACKROCK CASH FUNDS
3.1%
United States Treasury
3.1%
BlackRock Funds III
2.9%
United States Treasury
2.4%
iShares iBoxx $ High Yield Corporate Bond ETF
2.2%
UMBS, TBA
2.1%
UMBS, TBA
1.6%
UMBS, TBA
1.2%

Asset allocation

Bonds
97.1%
Cash
8.5%
Stocks
0.2%
Preferred
0.1%
Convertible
0.0%

Risk profile

Last 12 months · Sharpe & Sortino need 3+ years
Volatility (1Y)
3.6%Low

Year-on-year price swings

Max drawdown
-5.1%Mild

Worst peak-to-trough loss

Sharpe (3Y)
Unavailable

Needs 3+ years of history

Sortino (3Y)
Not yet

Needs 3+ years of history

Bond profile

Duration

4.7 years

Avg maturity

9.7 years

Credit ratings

US Government
19.3%
AAA
15.7%
AA
51.4%
A
10.0%
BBB
14.7%
BB
5.2%
B
2.0%
Below B
1.0%

Listing

Exchange
NASDAQ Global Select Market

Full fund details

Objective
Seeks to realize a total return that exceeds that of the Bloomberg U.S. Aggregate Bond Index.
Strategy
Typically invests over 90% of assets in a diversified portfolio of fixed-income securities, including corporate bonds, mortgage-backed securities, and government obligations. May invest in foreign securities and derivatives for hedging or return enhancement.
Inception date
December 12, 2023
Fund family
BlackRock

Our take

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

Closet indexing
Warning

Closet indexer — active fees, passive behavior

This fund charges active-management fees but closely tracks its benchmark index. You may be paying a premium for active management that does not meaningfully exist — a combination of high R² versus the benchmark, low tracking error, and a TER sitting well above the passive peer-group median.

R²
91.7%
TE
1.4%
Beta
0.92
Fee
5× 0.07%

Source: Cremers & Petajisto (2009) · Amihud & Goyenko (2013) · ESMA (2016)

Why we flagged this: strategy=active_selection + low_tracking_error+near_market_beta+fee_premium

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

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Data updated on 2026-06-20