iShares Total Return Active ETF
BRTR
NASDAQ- -
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.- CEO
- Alex Rovira
- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 400 Howard Street San Francisco CA United States of America 94105
- IPO Date
- Dec 14, 2023
- Website
- blackrock.com
- Similar Companies
- Business
- iShares Total Return Active ETF (BRTR) is an actively managed exchange-traded fund that seeks to achieve a total return exceeding that of the Bloomberg U.S. Aggregate Bond Index through investments in a diversified portfolio of fixed income securities. The fund invests primarily in mortgage-backed securities including Uniform MBS (UMBS 30YR TBA), U.S. Treasuries, agency securities such as Federal Home Loan Mortgage Corporation (FHLMC), Government National Mortgage Association II (GNMA2), and Federal National Mortgage Association (FNMA) bonds; corporate bonds from issuers including EQT Corp, Morgan Stanley, JPMorgan Chase & Co., and Goldman Sachs Group Inc.; sovereign debt such as European Union and Mexico government bonds; asset-backed securities; and cash equivalents, with allocations across various maturities and credit qualities while limiting high-yield exposure. BRTR employs a multi-sector core bond strategy focusing on macro trend identification and bottom-up security selection to deliver consistent income and capital appreciation across market cycles, targeting institutional and retail investors seeking broad fixed income exposure. Launched on December 12, 2023, by BlackRock, Inc. (headquartered in New York, New York) as a conversion of the BlackRock Total Return Mutual Fund retaining the same investment objective, benchmark, and portfolio managers including Rick Rieder (Chief Investment Officer of Global Fixed Income), David Rogal, and Chi Chen, the ETF trades on the Nasdaq with a net expense ratio of 0.38%. In a significant recent development approved by the Board on July 30, 2024, and effective October 10, 2024, the fund changed its name from BlackRock Total Return ETF to iShares Total Return Active ETF to align with BlackRock's iShares branding for ETFs. The fund has grown its assets under management to approximately $265 million to $493 million as of late 2025, reflecting strong inflows amid favorable fixed income market conditions including anticipated Federal Reserve rate cuts, while maintaining monthly distributions such as $0.2509 per share declared in recent periods. No major acquisitions, partnerships, or strategic shifts specific to BRTR have been reported beyond ongoing portfolio adjustments to optimize performance in the intermediate core-plus bond segment.