Blackrock ETF Trust - Ishares Managed Futures Active ETF
ISMF
Chicago Board Options Exchange- -
USD
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Capital Structure
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- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 50 Hudson Yards New York NY United States of America 10001
- IPO Date
- Mar 13, 2025
- CIK
- 0001761055
- Website
- blackrock.com
- Similar Companies
- Business
- iShares Managed Futures Active ETF (CBOE: ISMF) is a non-diversified, actively managed exchange-traded fund of BlackRock ETF Trust that seeks to maximize total return through a systematic managed-futures strategy. The Fund, advised by BlackRock Fund Advisors, invests primarily in futures contracts and related instruments, including forward contracts, and uses proprietary quantitative trend models to establish long and short exposures across global equity, fixed-income, currency and commodity markets. Under normal market conditions, at least 80% of net assets, plus borrowings for investment purposes, measured by notional value, are invested in futures contracts and futures-related instruments. The Fund may also use options; interest-rate, total-return, credit-default and credit-default-index swaps; indexed and inverse floating-rate securities; foreign-currency derivatives; commodity-linked instruments; and commodity-focused exchange-traded products. It generally maintains a collateral portfolio of U.S. government obligations and other short-term, high-quality U.S.-dollar-denominated instruments, including bankers’ acceptances, certificates of deposit, commercial paper, loan participations, repurchase agreements and time deposits, to support derivative margin requirements, liquidity and income generation. ISMF may invest up to 25% of total assets, inclusive of leverage, in iShares Managed Futures Active ETF Cayman, Ltd., its wholly owned Cayman Islands subsidiary, which primarily invests in commodity-related instruments. The Fund is a commodity pool, and BlackRock Fund Advisors acts as its Commodity Futures Trading Commission-registered commodity pool operator. ISMF was launched on March 12, 2025, trades on Cboe BZX under the ticker ISMF, and is managed from BlackRock’s New York, New York headquarters. The Fund’s latest principal strategy disclosures provide for long and short, globally diversified exposures across more than 15 currency markets, more than 15 equity markets, more than 10 fixed-income markets and more than 10 commodity markets. In February 2026, the Fund updated its summary prospectus, retaining its active trend-following mandate, 0.80% management fee and 0.80% net expense ratio; BlackRock Fund Advisors’ contractual waiver of acquired-fund fees attributable to specified affiliated investment-company holdings remains in effect through June 30, 2027.