BlackRock ETF Trust II - Securitized Income Active ETF (SECU) is an actively managed exchange-traded fund that seeks to maximize risk-adjusted returns by investing primarily in securitized income-producing instruments. Its portfolio includes asset-backed securities, commercial mortgage-backed securities, residential mortgage-backed securities, collateralized loan obligations, and other fixed-income products denominated in U.S. dollars; it may also allocate to non-agency securities, high-yield bonds, and floating-rate instruments to enhance yield while managing duration and credit risk. The fund targets institutional and retail investors seeking income and total return in the securitized asset class, with operations focused on the U.S. market.
Established as part of BlackRock ETF Trust II, a statutory trust organized under Delaware law with headquarters in Wilmington, Delaware, and managed by BlackRock Fund Advisors in New York, SECU was launched in late 2023 to capitalize on opportunities in the post-pandemic securitization market. In 2025, the fund expanded its investment strategy to include a broader allocation to private credit and opportunistic structured products amid rising interest rates, while forming a strategic research partnership with BlackRock's Aladdin platform for enhanced risk analytics. It continues to operate without subsidiaries or parent entities beyond its position within the BlackRock family of over 300 ETFs.