iShares Total Return Active ETF

Frequently Asked Questions About BRTR

What does BRTR invest in?

BRTR aims to outperform the Bloomberg U.S. Aggregate Bond Index by investing more than 90% of its assets in government and corporate fixed income securities of any duration or maturity. While it sets caps of 30% for non-US and 20% emerging market securities, the fund sets no limit to USD-denominated issuers from developed markets. The fund mainly invests in investment grade securities, but limits junk bonds to 20%. It may also invest up to 15% in CDOs, of which 10% may be CLOs. Additionally, the fund may invest in commodities indirectly through derivatives and other vehicles, such as ETFs. Up to 25% of assets may be invested in a wholly owned Cayman Islands subsidiary that primarily invests in commodity-related instruments. As an actively managed ETF, the fund manager has full discretion to make any investment decision at any time. Prior to Oct. 10, 2024, the fund used Blackrock for branding purposes.

What is the expense ratio of BRTR?

iShares Total Return Active ETF (BRTR) charges an expense ratio of 0.41%. This is the annual fee deducted from fund assets to cover management and operations.

What is BRTR's dividend yield?

BRTR's trailing-twelve-month yield is 5.17%, calculated from the sum of dividends over the past year divided by the current price.

What is the duration of BRTR?

Effective duration measures BRTR's sensitivity to interest-rate changes — a duration of 6 means a 1% rate move shifts NAV by roughly 6% in the opposite direction. BRTR's current duration is published on the fund's factsheet on the issuer's website.

What is the credit quality of BRTR?

BRTR's credit quality breakdown — the share of holdings rated AAA through CCC and below — is published on the fund's factsheet. Higher-quality (investment-grade) funds yield less but carry less default risk than high-yield / junk bond funds.

What is the yield to maturity of BRTR?

Yield to maturity (YTM) is the total return you'd earn from BRTR if every bond in the portfolio is held to maturity at the current price. BRTR's YTM is published on the fund's factsheet on the issuer's website — it differs from the trailing-12-month yield because YTM reflects current bond prices rather than historical income paid.