BlackRock Total Return ETF
Data updated: 2026-09-25
C000246586 — BlackRock Total Return ETF. Long Securitized (MBS/ABS/CMBS) Bond · $734.99M AUM. Holdings, fees, performance and SEC filings.
C000246586 Fund Overview
BlackRock Total Return ETF is a US ETF managed by BlackRock ETF Trust II, categorised as Long Securitized (MBS/ABS/CMBS) Bond. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US ETF
- Manager: BlackRock ETF Trust II
- Category: Long Securitized (MBS/ABS/CMBS) Bond
- Assets under management: $734.99M
- 1-year return: 5.1%
- SEC CIK: 0001804196
- SEC series ID: S000083073
- Share class ID: C000246586
C000246586 Investment Objective and Strategy
BlackRock Total Return ETF describes its objective and strategy as follows, from its latest prospectus filed with the SEC by BlackRock ETF Trust II.
Investment objective
The iShares Total Return Active ETF (the Fund) seeks to realize a total return that exceeds that of the Bloomberg U.S. Aggregate Bond Index.
Principal investment strategy
The Fund typically invests more than 90% of its assets in a diversified portfolio of fixed-income securities such as corporate bonds and notes, mortgage-backed securities, asset-backed securities, convertible securities, preferred securities and government obligations. Both U.S. and foreign companies and governments may issue these securities. Under normal circumstances, the Fund invests primarily in fixed-income securities. The Fund may invest in fixed-income securities of any duration or maturity. The Fund may invest up to 30% of its net assets in securities of foreign issuers, of which 20% (as a percentage of the Funds net assets) may be in emerging markets issuers. Investments in U.S. dollar-denominated securities of foreign issuers, excluding issuers from emerging markets, are permitted beyond the 30% limit.
This means that the Fund may invest in such U.S. dollar-denominated securities of foreign issuers without limit. The Fund may also invest in derivative securities for hedging purposes or to increase the return on its investments. The Fund may also invest in credit-linked notes, credit-linked trust certificates, structured notes, or other instruments evidencing interests in special purpose vehicles, trusts, or other entities that hold or represent interests in fixed-income securities. The Fund may also enter into reverse repurchase agreements and mortgage dollar rolls. The Fund may invest up to 20% of its net assets in fixed-income securities that are rated below investment grade by the Nationally Recognized Statistical Rating Organizations (NRSROs), including Moodys Investor Service, Inc. (Moodys), S&P Global Ratings (S&P) or Fitch Ratings, Inc.
(Fitch), or in unrated securities of equivalent credit quality. Split rated bonds will be considered to have the higher credit rating. The Fund may invest up to 15% of its net assets in collateralized debt obligations (CDOs), of which 10% (as a percentage of the Funds net assets) may be in collateralized loan obligations (CLOs). CDOs are types of asset-backed securities. CLOs are ordinarily issued by a trust or other special purpose entity and are typically collateralized by a pool of loans, which may include, among others, domestic and non-U.S. senior secured loans, senior unsecured loans, and subordinate corporate loans, including loans that may be rated below investment grade or equivalent unrated loans, held by such issuer. The Fund may seek to provide exposure to the investment returns of real assets that trade in the commodity markets through investment in commodity-linked derivative instruments and investment vehicles that exclusively invest in commodities such as exchange-traded funds (ETFs), which are designed to provide this exposure without direct investment in physical commodities.
The Fund may also gain exposure to commodity markets by investing up to 25% of its total assets in BlackRock Cayman Total Return ETF, Ltd. (the Subsidiary), a wholly owned subsidiary of the Fund formed in the Cayman Islands, which invests primarily in commodity-related instruments. The Fund may engage in active and frequent trading of portfolio securities to achieve its primary investment strategies.
C000246586 Holdings
Top 10 holdings of BlackRock Total Return ETF by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| Umbs, Tba | 8.29% |
| Blackrock Cash Funds | 6.25% |
| United States Treasury | 4.04% |
| Umbs, Tba | 4.03% |
| Umbs, Tba | 2.73% |
| United States Treasury | 2.60% |
| United States Treasury | 1.67% |
| United States Treasury | 1.54% |
| United States Treasury | 1.36% |
| United States Treasury | 1.35% |
C000246586 Portfolio Allocation
Asset-class allocation of BlackRock Total Return ETF by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Securitized | 59.3% |
| Fixed Income | 46.3% |
| Cash & Equivalents | 7.3% |
| Equity | 2.6% |
| Other | 0.6% |
| Loans | 0.1% |
C000246586 Performance
Total returns for C000246586 (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| YTD | 0.0% |
| 1 year | 5.1% |
| 3 years (annualised) | 5.1% |
C000246586 Risk Information
Risk metrics for C000246586, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 3.9%
C000246586 Costs and Fees
C000246586 costs about $38 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.38%
- Gross expense ratio: 0.41%
- Portfolio turnover: 647%
- Brokerage commissions: 2.38 bps of average net assets (SEC N-CEN)
C000246586 Cashflows
Over the 12 months to 2026-04, BlackRock Total Return ETF had net inflows of $364.78M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2026-04 | −$15.09M |
| 2026-03 | $17.85M |
| 2026-02 | $28.04M |
| 2026-01 | $22.86M |
| 2025-12 | $185.14M |
| 2025-11 | $45.80M |
C000246586 Debt Constituents
Largest debt holdings of BlackRock Total Return ETF by percentage of net assets, from the latest SEC N-PORT filing.
| Debt holding | % of net assets |
|---|---|
| United States Treasury | 4.04% |
| United States Treasury | 2.60% |
| United States Treasury | 1.67% |
| United States Treasury | 1.54% |
| United States Treasury | 1.36% |
| United States Treasury | 1.35% |
| United States Treasury | 0.98% |
| United States Treasury | 0.94% |
| United States Treasury | 0.85% |
| Spain Government Bonds | 0.63% |
C000246586 Prospectus and SEC Filings
Official BlackRock Total Return ETF filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2024-11-26
- Prospectus supplement (497) — filed 2025-12-01
- Prospectus supplement (497) — filed 2024-10-10
- Portfolio holdings (N-PORT) — filed 2026-09-25
- Portfolio holdings (N-PORT) — filed 2026-06-25
- Portfolio holdings (N-PORT) — filed 2026-03-26
- Annual census (N-CEN) — filed 2025-10-14
- Annual census (N-CEN) — filed 2024-10-15
Related Funds
Other Long Securitized (MBS/ABS/CMBS) Bond funds tracked on ABC INVEST:
Data Sources
ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.