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ETFs

BlackRock Floating Rate Loan ETF

BRLN
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Oct 04 2022
Expense Ratio
0.55%
Type
US Bonds
Fund Owner
Blackrock (iShares)
Volume (1m avg. daily)
$70,744
AUM
$20,372,157
Associated Index
None
Inverse/Leveraged
No
Passive/Active
Active
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

n/a
BLK CSH FND TREASURY SL AGENCY
5.06%
n/a
USD CASH
2.14%
HYG
BlackRock Institutional Trust Company N.A. - iShares iBoxx USD High Yield Corporate Bond ETF
1.00%
n/a
DUFF & PHELPS / DEERFIELD DAKOTA H TL-B
0.92%
n/a
TIBCO SOFTWARE INC/PICARD PARENT TL-B
0.91%
n/a
MEDLINE / MOZART BORROWER LP TL-B
0.86%
n/a
GALDERMA(SUNSHINE LUX)/NESTLE TL-B3
0.85%
n/a
USI INC TL-B
0.79%
n/a
REALPAGE INC TL-B
0.78%
n/a
TEMPO ACQUISITION(ALIGHT SOLUTION) TL-B1
0.73%
Invest with BRLN

What is BRLN?

The fund primarily seeks to provide high current income and secondarily seeks to provide long-term capital appreciation. Actively managed strategy that leverages the expertise of BlackRock's Global Credit team. The Fund normally invests at least 80% of its assets in floating rate loans and investments that are the economic equivalent of floating rate loans, which effectively enables the Fund to achieve a floating rate of income. The Fund may also invest in other floating rate debt instruments and investments that are the economic equivalent of floating rate debt instruments.

ETFs related toBRLN

ETFs correlated to BRLN include FTSL, BKLN, FPE

BRLN
BlackRock ETF Trust II - BlackRock Floating Rate Loan ETF
FTSL
First Trust Exchange-Traded Fund III - First Trust Senior Loan Fund ETF
BKLN
Invesco Capital Management LLC - Invesco Senior Loan ETF
FPE
First Trust Exchange-Traded Fund III - First Trust Preferred Securities and Income ETF
PFFD
Global X Funds - Global X U.S. Preferred ETF
CEMB
BlackRock Institutional Trust Company N.A. - iShares J.P. Morgan EM Corporate Bond ETF
PGX
Invesco Capital Management LLC - Invesco Preferred ETF
PSK
SPDR Series Trust - SPDR ICE Preferred Securities ETF
PFF
BlackRock Institutional Trust Company N.A. - iShares Trust iShares Preferred and Income Securities ETF
HYS
Pimco Exchange Traded Fund - PIMCO 0-5 Year High Yield Corporate Bond Index Exchange-Traded Fund
PGHY
Invesco Capital Management LLC - Invesco Global Short Term High Yield Bond ETF

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

Automated Strategies
Related toBRLN

#DRAGON

Dragon Portfolio

Category

Go Global

Risk Rating

Aggressive

#DALIO

The Dalio

Category

Classic

Risk Rating

Conservative

Create your own algorithmic trading strategy with BRLN using Composer

FAQ

BRLN is a US Bonds ETF. The fund primarily seeks to provide high current income and secondarily seeks to provide long-term capital appreciation. Actively managed strategy that leverages the expertise of BlackRock's Global Credit team. The Fund normally invests at least 80% of its assets in floating rate loans and investments that are the economic equivalent of floating rate loans, which effectively enables the Fund to achieve a floating rate of income. The Fund may also invest in other floating rate debt instruments and investments that are the economic equivalent of floating rate debt instruments.

Yes, BRLN is actively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

No, BRLN is not passively managed. It is actively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on BRLN is -0.0131%. This is the percent change in the value of BRLN over the most recent 1-month period. The 3-month return on BRLN is 0.0181%. This is the percent change in the value of BRLN over the most recent 3-month period.

ETFs similar to BRLN include JNK, IGIB, and VCSH.

ETFs correlated to BRLN include FTSL, BKLN, and FPE.

ETFs that are inversely correlated to BRLN include SJB, EFZ, and USDU.

Disclaimers

*

We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.