Key stats
About BlackRock Total Return ETF
Expense ratio
0.38%
Home page
Inception date
Dec 14, 2023
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. The fund may invest in derivatives, enter reverse repurchase agreements, and mortgage dollar rolls. 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, BRTR does seek to replicate the benchmark index. Hence, the fund manager has full discretion to make any investment decision at any time.
Classification
What's in the fund
Exposure type
Securitized
Government
Corporate
Bonds, Cash & Other100.00%
Securitized43.82%
Government29.38%
Corporate22.19%
Mutual fund2.60%
ETF0.67%
Cash0.66%
Municipal0.53%
Miscellaneous0.16%