BlackRock Inc. is set to rebrand its existing BlackRock active ETFs to iShares, with the change taking effect on Oct. 10.
The move, detailed in a recent Securities and Exchange Commission filing , will affect 22 out of 26 BlackRock-branded ETFs, integrating them into the company's family of 420 iShares ETF.
“To help clients better navigate BlackRock’s product offerings, we will be branding all our ETFs as iShares," a BlackRock spokesperson said in a statement.
The largest fund undergoing this transformation is the $9.8 billion BlackRock U.S. Equity Factor Rotation ETF (DYNF) , soon to be known as the iShares U.S. Equity Factor Rotation Active ETF. This fund has been the best performer on the list, with a 22.1% increase over the past year.
Ticker
Fund Name
Segment
1 YR Return
Expense Ratio
AUM
DYNF
BlackRock U.S. Equity Factor Rotation ETF
Equity: U.S. - Total Market
23.21%
0.30%
$9.51B
ICSH
BlackRock Ultra Short-Term Bond ETF
Fixed Income: U.S. - Broad Market, Broad-based Investment Grade Ultra-Short Term
6.16%
0.08%
$5.47B
BINC
BlackRock Flexible Income ETF
Fixed Income: Global - Broad Market, Broad-based High Yield
9.19%
0.40%
$3.65B
NEAR
BlackRock Short Duration Bond ETF
Fixed Income: U.S. - Broad Market, Broad-based Investment Grade Short-Term
7.64%
0.25%
$2.95B
MEAR
BlackRock Short Maturity Municipal Bond ETF
Fixed Income: U.S. - Government, Local Authority/Municipal Investment Grade Short-Term
4.30%
0.25%
$699.65M
CLOA
BlackRock AAA CLO ETF
Fixed Income: U.S. - Corporate, Bank Loans Investment Grade Floating Rate
8.02%
0.20%
$397.78M
HYMU
BlackRock High Yield Muni Income Bond ETF
Fixed Income: U.S. - Government, Local Authority/Municipal High Yield
13.93%
0.35%
$168.47M
BRHY
BlackRock High Yield ETF
Fixed Income: Global - Corporate, Broad-based High Yield
--
0.45%
$100.54M
BRTR
BlackRock Total Return ETF
Fixed Income: Global - Broad Market, Broad-based
--
0.38%
$92.79M
BALI
BlackRock Advantage Large Cap Income ETF
Equity: U.S. - Large Cap
--
0.35%
$52.82M
BRLN
BlackRock Floating Rate Loan ETF
Fixed Income: Global - Broad Market, Broad-based Floating Rate
8.75%
0.55%
$49.13M
CALY
BlackRock Short-Term California Muni Bond ETF
Fixed Income: California Government, Local Authority/Municipal Investment Grade Short-Term
3.88%
0.20%
$32.68M
INMU
BlackRock Intermediate Muni Income Bond ETF
Fixed Income: U.S. - Government, Local Authority/Municipal Intermediate
7.06%
0.30%
$21.53M
CSHP
BlackRock Enhanced Short Term Bond ETF
Fixed Income: Global - Broad Market, Broad-based Investment Grade Short-Term
--
0.20%
$10.03M
INRO
BlackRock U.S. Industry Rotation ETF
Equity: U.S. - Total Market
--
0.42%
$9.23M
BTHM
BlackRock Future U.S. Themes ETF
Equity: U.S. - Total Market
23.30%
0.60%
$7.00M
BLCV
BlackRock Large Cap Value ETF
Equity: U.S. - Large Cap Value
16.03%
0.46%
$6.97M
BLCR
BlackRock Large Cap Core ETF
Equity: Global - Large Cap
--
0.36%
$6.77M
BELT
BlackRock Long-Term U.S. Equity ETF
Equity: U.S. - Total Market
--
0.75%
$5.72M
BGRO
BlackRock Large Cap Growth ETF
Equity: U.S. - Large Cap Growth
--
0.55%
$5.36M
BPAY
BlackRock Future Financial & Technology ETF
Equity: Global FinTech
3.46%
0.70%
$4.43M
BMED
BlackRock Future Health ETF
Equity: Global Health Care
5.76%
0.85%
$4.03M
iShares Expansion Reflects ETF Market Growth
New York-based BlackRock’s 26 ETFs currently manage over $25 billion in assets. They have attracted $11.6 billion over the last year, according to etf.com data.
The firm’s iShares unit, recognized as the world’s largest ETF issuer, saw investors pour $83 billion into its ETFs during the second quarter, a 24% increase from the first quarter.
BlackRock, also the world’s biggest asset manager, reported that total assets climbed to 10.7 trillion, with ETFs through the year’s first half pulling in $150 billion.
The rebranding comes as Vanguard Group challenges BlackRock’s position as the world’s largest ETF issuer. Malvern, Penn.-based Vanguard holds $2.68 trillion in 86 ETFs in the U.S. and brought in $153.4 billion over the last year, while the $2.88 trillion iShares has attracted $137.9 billion in the same period, according to etf.com data .
The
growth race
between the two firms is evident in their flagship funds: The $475 billion
Vanguard 500 Index Fund (VOO)
has gained $54.4 billion this year, while the $491 billion
iShares Core S&P 500 ETF (IVV)
has added $41.4 billion.
Permalink | © Copyright 2024 etf.com. All rights reserved