iShares High Yield Active ETF
BRHY
NASDAQ Global Market- -
USD
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- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management - Bonds
- Address
- 50 Hudson Yards New York NY United States of America 10001
- IPO Date
- Jun 18, 2024
- Website
- ishares.com
- Similar Companies
- Business
- iShares High Yield Active ETF (BRHY) is an actively managed exchange-traded fund that seeks to maximize total return, consistent with income generation and prudent investment management, by investing primarily in high yield corporate bonds with maturities of ten years or less; it also employs bank loans, preferred securities, and other fixed income instruments such as swaps and cash equivalents. The fund's portfolio includes prominent holdings like Level 3 Financing Inc., iShares Broad USD High Yield Corporate Bond ETF, Beignet Investor LLC, HUB International Ltd., TransDigm Inc., Allied Universal Holdco LLC, Clear Channel Outdoor Holdings Inc., NRG Energy Inc., and Athenahealth Group Inc., with approximately 88% allocated to corporate bonds, 6% to bank loans, and the remainder to preferreds, open-ended funds, and other assets. BRHY targets investors seeking high yield fixed income exposure with active management, operates globally through its underlying U.S. dollar-denominated securities, and distributes dividends monthly with a net expense ratio of 0.45%. Launched on June 17, 2024, and issued by BlackRock under the iShares brand through BlackRock ETF Trust II, the fund is headquartered in Wilmington, Delaware, with portfolio management led by David Delbos and Mitchell Garfin. As of late 2025, BRHY manages approximately $80 million in assets under management and trades on NASDAQ. The fund does not pursue an ESG-focused strategy. Recent developments include the appointment of David Delbos and Mitchell Garfin as co-portfolio managers starting June 17, 2024, coinciding with the fund's inception and reflecting BlackRock's expansion of its active ETF offerings in the high yield segment. No major acquisitions, partnerships, funding rounds, or strategic shifts have been reported for the fund within the last 1-2 years, as it remains a newly launched product focused on portfolio growth and performance optimization since inception. Institutional ownership has grown modestly, with key holders such as BlackRock, Inc., Jane Street Group, and Wedbush Securities increasing positions through 2025.