BlackRock Floating Rate Loan ETF (BRLN)
The ETF primarily invests in floating rate loans and similar instruments to achieve a floating rate of income, with the option to invest in other floating rate debt instruments.
ETF Info
| ISIN | US0925284053 |
|---|---|
| CUSIP | 092528405 |
| Issuer | Blackrock |
| Inception Date | Oct 4, 2022 |
| Category | Bank Loan |
| Leveraged | 1x |
| Index Tracked | No Index (Active) |
| Distribution Policy | Distributing |
| Asset Class | Bond |
Asset Class Size | Mid-Cap |
Asset Class Style | Growth |
Expense Ratio
BRLN features an expense ratio of 0.55%, falling within the medium range.
Share Price Chart
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Compare to other instruments
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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in BlackRock Floating Rate Loan ETF, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
BlackRock Floating Rate Loan ETF had a return of 6.51% year-to-date (YTD) and 8.91% in the last 12 months.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 6.51% | 25.82% |
| 1 month | 0.83% | 3.20% |
| 6 months | 3.91% | 14.94% |
| 1 year | 8.91% | 35.92% |
| 5 years (annualized) | N/A | 14.22% |
| 10 years (annualized) | N/A | 11.43% |
Monthly Returns
The table below presents the monthly returns of BRLN, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | 0.23% | 0.36% | 1.13% | 0.12% | 0.85% | 0.40% | 0.70% | 1.06% | 0.17% | 1.05% | 6.51% | ||
| 2023 | 2.24% | 1.30% | -0.53% | 1.52% | -0.73% | 2.77% | 1.26% | 0.90% | 0.93% | 0.01% | 1.52% | 1.53% | 13.42% |
| 2022 | 0.11% | 1.56% | 0.45% | 2.13% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current risk-adjusted rank of BRLN is 93, placing it in the top 7% of ETFs on our website in terms of risk-adjusted performance. This ranking is based on the combined values of the indicators listed below.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for BlackRock Floating Rate Loan ETF (BRLN) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
BlackRock Floating Rate Loan ETF provided a 7.90% dividend yield over the last twelve months, with an annual payout of $4.15 per share.
| Period | TTM | 2023 | 2022 |
|---|---|---|---|
| Dividend | $4.15 | $4.76 | $0.75 |
Dividend yield | 7.90% | 9.06% | 1.48% |
Monthly Dividends
The table displays the monthly dividend distributions for BlackRock Floating Rate Loan ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.00 | $0.31 | $0.31 | $0.38 | $0.32 | $0.37 | $0.32 | $0.32 | $0.37 | $0.30 | $0.32 | $3.32 | |
| 2023 | $0.00 | $0.33 | $0.32 | $0.51 | $0.39 | $0.39 | $0.38 | $0.40 | $0.40 | $0.38 | $0.42 | $0.84 | $4.76 |
| 2022 | $0.75 | $0.75 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
Worst Drawdowns
The table below displays the maximum drawdowns of the BlackRock Floating Rate Loan ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the BlackRock Floating Rate Loan ETF was 2.07%, occurring on Mar 15, 2023. Recovery took 16 trading sessions.
The current BlackRock Floating Rate Loan ETF drawdown is 0.03%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -2.07% | Feb 15, 2023 | 20 | Mar 15, 2023 | 16 | Apr 6, 2023 | 36 |
| -1.26% | May 4, 2023 | 16 | May 25, 2023 | 5 | Jun 2, 2023 | 21 |
| -1.02% | Jan 24, 2024 | 20 | Feb 21, 2024 | 19 | Mar 19, 2024 | 39 |
| -1.01% | Nov 11, 2022 | 2 | Nov 14, 2022 | 20 | Dec 13, 2022 | 22 |
| -0.87% | Jan 27, 2023 | 2 | Jan 30, 2023 | 2 | Feb 1, 2023 | 4 |
Volatility
Volatility Chart
The current BlackRock Floating Rate Loan ETF volatility is 0.53%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.