iShares High Yield Active ETF
Data updated: 2026-09-25
C000249922 — iShares High Yield Active ETF. Intermediate Corporate Bond · $136.67M AUM · 0.45% expense ratio. Holdings, fees, performance and SEC filings.
C000249922 Fund Overview
iShares High Yield Active ETF is a US ETF managed by BlackRock ETF Trust II, categorised as Intermediate Corporate 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: Intermediate Corporate Bond
- Assets under management: $136.67M
- 1-year return: 10.0%
- SEC CIK: 0001804196
- SEC series ID: S000085059
- Share class ID: C000249922
C000249922 Investment Objective and Strategy
iShares High Yield Active 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 High Yield Active ETF (formerly known as BlackRock High Yield ETF) (the Fund) seeks to maximize total return, consistent with income generation and prudent investment management.
Principal investment strategy
The Fund invests primarily in non-investment grade bonds with maturities of ten years or less. The Fund normally invests at least 80% of its net assets, plus any borrowings for investment purposes, in high yield investments and other financial instruments with economic characteristics similar to such investments. High yield investments (commonly called junk bonds) include domestic and foreign bonds (including corporate bonds), convertible debt securities, mezzanine investments, collateralized debt obligations, bank loans, loan assignments and loan participations, and mortgage-backed and asset-backed securities. Such high yield investments acquired by the Fund will generally be in the lower rating categories of the major rating agencies (BB or lower by S&P Global Ratings (S&P Global Ratings) or Fitch Ratings, Inc.
(Fitch) or Ba or lower by Moodys Investor Services (Moodys)) or will be determined by the Fund management team to be of similar quality. The Fund may also invest in other investment companies, including affiliated investment companies such as affiliated exchange-traded funds, to gain exposure to such high yield investments. Split rated bonds and other fixed-income securities (securities that receive different ratings from two or more rating agencies) are valued as follows: if three agencies rate a security, the security will be considered to have the median credit rating; if two of the three agencies rate a security, the security will be considered to have the lower credit rating. The Fund may invest up to 30% of its assets in non-dollar denominated bonds of issuers located outside of the United States.
The Funds investment in non-dollar denominated bonds may be on a currency hedged or unhedged basis. The Fund may also invest in convertible and preferred securities. The Fund can also invest, to the extent consistent with its investment objective, in non-U.S. and emerging market securities and currencies. The Fund may invest in securities of any rating, and may invest up to 10% of its assets (measured at the time of investment) in distressed securities that are in default or the issuers of which are in bankruptcy. The Fund may buy or sell options or futures on a security or an index of securities, or enter into swap agreements, including total return, interest rate and credit default swaps, or foreign currency transactions (collectively, commonly known as derivatives). The Fund may use derivative instruments to hedge its investments or to seek to enhance returns.
The Fund may seek to obtain market exposure to the securities in which it primarily invests by entering into a series of purchase and sale contracts or by using other investment techniques (such as reverse repurchase agreements or dollar rolls). The Fund may engage in active and frequent trading of portfolio securities to achieve its principal investment strategies. The Fund is classified as non-diversified under the Investment Company Act of 1940, as amended (the Investment Company Act).
C000249922 Holdings
Top 10 holdings of iShares High Yield Active ETF by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| BlackRock Funds III | 8.42% |
| Blackrock Cash Funds Treasury Sl Agency Shares | 5.04% |
| iShares Broad USD High Yield Corporate Bond ETF | 1.28% |
| State Street Blackstone Senior Loan ETF | 1.18% |
| Beignet Investor LLC | 1.12% |
| 1261229 Bc Ltd. | 1.05% |
| Hub International Ltd. | 0.96% |
| Talen Energy Supply LLC | 0.93% |
| Meridian Arc Holdco LLC | 0.82% |
| Allied Universal Holdco | 0.82% |
C000249922 Portfolio Allocation
Asset-class allocation of iShares High Yield Active ETF by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Fixed Income | 85.0% |
| Cash & Equivalents | 13.5% |
| Loans | 4.9% |
| Equity | 3.6% |
| Derivatives | 0.2% |
| Real Estate | 0.1% |
C000249922 Performance
Total returns for C000249922 (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| YTD | 1.3% |
| 1 year | 10.0% |
C000249922 Risk Information
Risk metrics for C000249922, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 3.0%
C000249922 Costs and Fees
C000249922 costs about $45 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.45%
- Gross expense ratio: 0.45%
- Portfolio turnover: 79%
- Brokerage commissions: 0.39 bps of average net assets (SEC N-CEN)
C000249922 Cashflows
Over the 12 months to 2026-04, iShares High Yield Active ETF had net outflows of $2.26M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2026-04 | $0 |
| 2026-03 | $0 |
| 2026-02 | $12.81M |
| 2026-01 | $2.57M |
| 2025-12 | $2.56M |
| 2025-11 | $2.58M |
C000249922 Debt Constituents
Largest debt holdings of iShares High Yield Active ETF by percentage of net assets, from the latest SEC N-PORT filing.
| Debt holding | % of net assets |
|---|---|
| Beignet Investor LLC | 1.12% |
| 1261229 Bc Ltd. | 1.05% |
| Hub International Ltd. | 0.96% |
| Talen Energy Supply LLC | 0.93% |
| Meridian Arc Holdco LLC | 0.82% |
| Allied Universal Holdco | 0.82% |
| Transdigm, Inc. | 0.79% |
| Level 3 Financing, Inc. | 0.77% |
| White Cap Supply Holding | 0.67% |
| Hub International Ltd. | 0.64% |
C000249922 Prospectus and SEC Filings
Official iShares High Yield Active ETF filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2026-02-25
- Prospectus (485BPOS) — filed 2025-02-25
- 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 2026-01-14
- Annual census (N-CEN) — filed 2025-01-13
Related Funds
Other Intermediate Corporate 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.