iShares Enhanced Roll Yield Index Fund
Data updated: 2026-09-25
C000253864 — iShares Enhanced Roll Yield Index Fund. Alternative · $381.45M AUM · 0.01% expense ratio. Holdings, fees, performance and SEC filings.
C000253864 Fund Overview
iShares Enhanced Roll Yield Index Fund is a US mutual fund managed by Blackrock Funds, categorised as Alternative. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US mutual fund
- Manager: Blackrock Funds
- Category: Alternative
- Assets under management: $381.45M
- 1-year return: 49.7%
- SEC CIK: 0000844779
- SEC series ID: S000087850
- Share class ID: C000253864
C000253864 Investment Objective and Strategy
iShares Enhanced Roll Yield Index Fund describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Blackrock Funds.
Investment objective
The investment objective of iShares Enhanced Roll Yield Index Fund (the Fund), a series of BlackRock Funds SM (the Trust), is to seek to track the investment results of an index composed of a broad range of commodity exposures.
Principal investment strategy
The Fund seeks to track the investment results of the Bloomberg Enhanced Roll Yield Total Return Index (the Underlying Index), which is a broad-based, long-only commodity benchmark. The Underlying Index aims to mitigate the effects of negative roll yield. Roll yield is the difference between the prices of the shorter term and the longer term futures contracts when they are rolled. The Underlying Index is rebalanced on an annual basis. In seeking to achieve its investment objective, the Fund will invest in a combination of exchange-traded commodity futures contracts, exchange traded options on commodity-related futures contracts and exchange-cleared commodity related swaps (together, Commodity-Linked Investments), thereby obtaining exposure to the commodities markets. Commodity-Linked Investments may also include exchange-cleared swaps on commodities and exchange-traded options on futures that provide exposure to the investment returns of the commodities markets, without investing directly in physical commodities.
Investing in Commodity-Linked Investments may have a leveraging effect on the Fund. The Fund also seeks to generate interest income and capital appreciation on the cash balances arising from its investment in Commodity-Linked Investments through a cash management strategy consisting primarily of investments in short-term, investment-grade fixed-income securities that include U.S. government and agency securities, treasury inflation-protected securities, sovereign debt obligations of non-U.S. countries, and repurchase agreements, money market instruments and cash and other cash equivalents (collectively, Fixed-Income Investments). The Fund uses Fixed-Income Investments as investments and to provide sufficient assets to account for (or cover) mark to-market changes and to collateralize the Subsidiarys (as defined below) Commodity-Linked Investments exposure on a day-to-day basis.
The Fund generally will invest at least 80% of its assets, plus the amount of any borrowings for investment purposes, in securities or other financial instruments that are components of or have economic characteristics similar to the securities in the Underlying Index. The Fund may invest a portion of the remainder of its assets in securities not included in the Underlying Index, but which BFA believes will help the Fund track the Underlying Index. The Fund will concentrate its investments (i.e., hold 25% or more of its total assets) in a particular industry or group of industries to approximately the same extent that the Underlying Index is concentrated. BFA uses a representative sampling indexing strategy to manage the Fund. Representative sampling is an indexing strategy that involves investing in a representative sample of securities and/or other instruments that collectively has an investment profile similar to that of an applicable underlying index.
The securities and/or other instruments selected are expected to have, in the aggregate, investment characteristics (based on factors such as market value and industry weightings), fundamental characteristics (such as return variability, duration, maturity, credit ratings and yield) and liquidity measures similar to those of an applicable underlying index. The Fund may or may not hold all of the securities and/or other instruments in the Underlying Index. The Fund will seek to gain exposure to Commodity-Linked Investments by investing through iShares Cayman Enhanced Roll Yield Index Fund, Ltd. (the Subsidiary), a wholly-owned subsidiary organized in the Cayman Islands. The Subsidiary is advised by BFA and has the same investment objective as the Fund. BFA has entered into a sub-advisory agreement with BlackRock International Limited with respect to the Subsidiary.
Unlike the Fund, the Subsidiary is not an investment company registered under the Investment Company Act of 1940, as amended (the Investment Company Act). The Subsidiary will invest solely in Commodity-Linked Investments and cash. The Fund may invest up to 25% of its total assets in the Subsidiary. The remainder of the Funds assets will be invested directly by the Fund, primarily in Fixed-Income Investments. The Fund or the Subsidiary may from time to time invest in other exchange traded funds (ETFs), exchange-traded notes or commodity-linked notes. The Fund is classified as non-diversified under the Investment Company Act.
C000253864 Holdings
Top 10 holdings of iShares Enhanced Roll Yield Index Fund by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| United States Treasury | 8.33% |
| United States Treasury | 6.50% |
| United States Treasury | 6.41% |
| United States Treasury | 5.24% |
| United States Treasury | 4.96% |
| United States Treasury | 4.14% |
| United States Treasury | 3.85% |
| United States Treasury | 3.84% |
| United States Treasury | 3.83% |
| United States Treasury | 3.40% |
C000253864 Portfolio Allocation
Asset-class allocation of iShares Enhanced Roll Yield Index Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Cash & Equivalents | 92.5% |
| Derivatives | 0.1% |
C000253864 Performance
Total returns for C000253864 (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| YTD | 30.6% |
| 1 year | 49.7% |
C000253864 Risk Information
Risk metrics for C000253864, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 10.2%
C000253864 Costs and Fees
C000253864 costs about $1 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.01%
- Gross expense ratio: 0.32%
- Portfolio turnover: 0%
- Brokerage commissions: 2.99 bps of average net assets (SEC N-CEN)
C000253864 Cashflows
Over the 12 months to 2026-04, iShares Enhanced Roll Yield Index Fund had net outflows of $37.86M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2026-04 | −$44.80M |
| 2026-03 | −$41.53M |
| 2026-02 | −$24.59M |
| 2026-01 | −$3.52M |
| 2025-12 | $52.85M |
| 2025-11 | −$495.32K |
C000253864 Debt Constituents
No individual debt constituents are reported in iShares Enhanced Roll Yield Index Fund's latest SEC N-PORT filing.
C000253864 Prospectus and SEC Filings
Official iShares Enhanced Roll Yield Index Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
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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.