iShares Emerging Markets Bond Active ETF
BREM
NASDAQ Global Market- -
USD
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Capital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management - Bonds
- Address
- 400 Howard Street San Francisco CA United States of America 94105
- IPO Date
- Oct 16, 2025
- CIK
- 0001426439
- Website
- ishares.com
- Similar Companies
- Business
- iShares Emerging Markets Bond Active ETF (BREM) is an actively managed exchange-traded fund that seeks to maximize total return through a combination of current income and capital appreciation by investing primarily in a diversified portfolio of hard currency-denominated bonds issued by sovereigns, quasi-sovereigns, and corporates located in or economically tied to emerging market countries. The fund allocates dynamically across emerging market (EM) sovereign bonds (typical range: 30-70%), EM quasi-sovereign bonds (typical range: 15-35%), and EM corporate bonds (typical range: 15-35%), including up to 10% in securities rated CCC or lower; it targets bonds denominated in U.S. dollars, euros, and sterling, spanning a wide range of durations and maturities, and employs derivatives such as options, futures, swaps, and credit default swaps for hedging, efficient exposure, and risk management. BREM references the J.P. Morgan EMBI Global Diversified Index for risk calibration but does not seek to replicate it, leveraging BlackRock's global fixed income platform, top-down macro analysis, and bottom-up credit research conducted by a team of over 30 professionals managing $36 billion in EM debt assets. Launched on October 15, 2025, and listed on NASDAQ, BREM is issued by BlackRock ETF Trust II, a series trust sponsored and managed by BlackRock Fund Advisors, with portfolio management led by Michel Aubenas, Pablo Goldberg, and Silvio Zanardini; the fund maintains an expense ratio of 0.50%, with BlackRock waiving certain acquired fund fees through June 30, 2027. Headquartered in Wilmington, Delaware, as part of BlackRock, Inc.'s iShares brand based in New York, the ETF targets institutional and retail investors seeking EM fixed income exposure without local currency risk, offering diversification benefits due to its low-to-moderate correlations with U.S. bonds (approximately 0.75) and equities (0.52). As of late November 2025, top holdings include bonds from Argentina Republic of Government (4.04%), Ukraine Republic of Government (3.34%), Colombia Republic of (3.05%), Panama Republic of Government (2.99%), and Egypt Arab Republic of (2.84%), reflecting active positioning across high-yield EM issuers in Latin America, Europe, Middle East, Africa, and Asia. No major partnerships, acquisitions, funding rounds, or strategic shifts specific to BREM have been reported since its recent launch.