iShares Floating Rate Loan Active ETF
BRLN
Chicago Board Options Exchange- -
USD
- -
- -
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
- 400 Howard Street San Francisco CA United States of America 94105
- IPO Date
- Oct 6, 2022
- Website
- ishares.com
- Similar Companies
- Business
- iShares Floating Rate Loan Active ETF (BRLN) is an actively managed exchange-traded fund that seeks to provide high current income, with a secondary objective of long-term capital appreciation, by investing primarily in floating rate loans and economically equivalent instruments. Launched on October 4, 2022, by BlackRock ETF Trust II and managed by BlackRock Fund Advisors, the fund is domiciled in the United States with its sponsor, BlackRock, Inc., headquartered in New York. It normally allocates at least 80% of its assets to floating rate loans, including senior secured loans to corporations across sectors such as technology, healthcare, consumer goods, and industrials; high yield corporate bonds; exchange-traded funds like iShares High Yield Corporate Bond ETF and iShares Broad USD High Yield Corporate Bond ETF; and cash equivalents or derivatives that replicate floating rate exposure. The ETF benchmarks its performance against the Bloomberg U.S. Universal Index and Morningstar LSTA Leveraged Loan Index, maintaining a non-diversified portfolio with top holdings including TransDigm Inc., Medline Borrower LP, Cloud Software Group Inc., Asurion LLC, and Clarios Global LP; it features a net expense ratio of 0.55% following fee waivers and distributes income monthly to shareholders. Geographically focused on U.S. issuers, BRLN targets institutional and retail investors seeking income resilient to interest rate fluctuations, with assets under management exceeding $1 billion as of late 2025 and approximately 465 holdings in leveraged loans maturing primarily between 2028 and 2032. In recent developments, BlackRock announced plans in October 2025 to launch the iShares Broad USD Floating Rate Loan ETF, an index-tracking counterpart to BRLN's active strategy, amid Federal Reserve rate cuts, signaling expanded commitment to the floating-rate loan segment without direct impact on BRLN operations. No major acquisitions, partnerships, funding rounds, or strategic shifts specific to BRLN have been reported in 2024 or 2025; the fund continues steady portfolio management with ongoing adjustments to credit exposures, reflecting resilience in a higher-for-longer rate environment prior to anticipated easing.