BRLN
iShares Floating Rate Loan Active ETF
📎 Investment Objective
The iShares Floating Rate Loan Active ETF (BRLN) seeks to provide current income by investing in a portfolio of floating rate loans.
Overview
ETF tracking iShares Floating Rate Loan Active ETF
Performance
Price Chart
Investment Summary
📎 Investment Objective
The iShares Floating Rate Loan Active ETF (BRLN) seeks to provide current income by investing in a portfolio of floating rate loans.
🎯 Investment Strategy
The fund invests primarily in floating rate loans, which are debt instruments with interest rates that adjust periodically based on changes in a benchmark interest rate. The fund's active management team selects and manages the loan portfolio in an effort to generate attractive income while managing risk.
✨ Key Features
- Invests in a diversified portfolio of floating rate loans
- Actively managed to optimize the loan portfolio
- Aims to provide a steady stream of current income
- Floating rate structure helps mitigate interest rate risk
⚠️ Primary Risks
- Credit risk: The fund is exposed to the risk of default by the borrowers of the underlying loans
- Liquidity risk: The loans held by the fund may have limited liquidity, which could impact the fund's ability to sell positions
- Interest rate risk: While the floating rate structure helps mitigate interest rate risk, changes in benchmark rates can still affect the fund's performance
- Active management risk: The fund's performance depends on the skill of the portfolio managers in selecting and managing the loan portfolio
👤 Best For
This ETF may be suitable for investors seeking current income and who are comfortable with the risks associated with floating rate loans, including credit and liquidity risks. It may be particularly appealing to investors looking to manage interest rate risk in their fixed income allocation.