iShares Systematic Alternatives Active ETF
About
iShares Systematic Alternatives Active ETF (US09290C6654) is a US-listed ETF tracking the ICE BofA 3-Month U.S. Treasury Bill Index. With a expense ratio of 0.99%, its costs are on the higher end for an ETF, paying distributions. The fund holds 2,222 positions across 14 regions with 4.7B in assets, with heavy concentration — 110% in United States, 71% in cash & equivalents.
Score Breakdown
Scores are scaled 1–10 on a logarithmic curve relative to all ETFs in the database. Last updated: Jun 22, 2026
| Component | Score | Details |
|---|---|---|
| Cost (30%) | 7.3 | Tracking Difference: 10.0 · TD Consistency: — · Expense Ratio: 1.0 |
| Liquidity (25%) | 9.8 | Assets Under Management |
Data sources: provider factsheets, exchange data, and NAV history. Information for educational purposes only — not investment advice.
Ticker IALT
ISIN
Fund Size $4.7B
Issuer iShares
Distribution Pays Distributions
Replication Physical
Inception Dec 2025
Base Currency USD
Index ICE BofA 3-Month U.S. Treasury Bill Index
Asset Class —
Category Money Market
Costs
7.3 This fund has moderate costs compared to similar ETFs.
Expense Ratio0.00%
Expense Ratio0.00%
| Metric | Value |
|---|---|
| Expense Ratio | 0.99% |
Cumulative Returns
Performance across different time periods.
Year to Date+0.00%
Year to Date+0.00%
| Period | Cumulative Return |
|---|---|
| 1 Month | — |
| 3 Months | — |
| 6 Months | — |
| 1 Year | — |
| 3 Years | — |
| 5 Years | — |
| 10 Years | — |
| YTD | +11.72% |
| Since Inception | — |
Holdings
This fund invests into 2,222 individual investments.
View all holdings (50)
| # | Holding | Ticker | Weight |
|---|---|---|---|
| 1 | United States Treasury Bill | TBILL | 2179.19% |
| 2 | United States Treasury Bill | TBILL | 1561.71% |
| 3 | TREASURY BILL | TBILL | 1541.93% |
| 4 | United States Treasury Bill | TBILL | 1393.98% |
| 5 | United States Treasury Bill | TBILL | 340.38% |
| 6 | United States Treasury Bill | TBILL | 272.35% |
| 7 | CASH COLLATERAL USD GSCFT | GSCFT | 262.05% |
| 8 | CASH COLLATERAL USD XBNPU | XBNPU | 213.20% |
| 9 | United States Treasury Bill | TBILL | 210.56% |
| 10 | United States Treasury Bill | TBILL | 210.10% |
| 11 | TREASURY BILL | TBILL | 209.39% |
| 12 | United States Treasury Bill | TBILL | 140.26% |
| 13 | United States Treasury Bill | TBILL | 129.54% |
| 14 | United States Treasury Bill | TBILL | 129.53% |
| 15 | ICE: (CDX.NA.IG.46.V1) | ICE | 108.85% |
| 16 | United States Treasury Bill | TBILL | 105.30% |
| 17 | TREASURY BILL | TBILL | 105.15% |
| 18 | TREASURY BILL | TBILL | 105.07% |
| 19 | TREASURY BILL | TBILL | 105.00% |
| 20 | United States Treasury Bill | TBILL | 104.98% |
| 21 | TREASURY BILL | TBILL | 104.62% |
| 22 | ICE: (ITRAXX.EUR.45.V1) | ICE | 94.97% |
| 23 | Parker-Hannifin Corp | PH | 94.15% |
| 24 | AXA SA | CS | 87.95% |
| 25 | Chevron Corp | CVX | 79.08% |
| 26 | Citigroup Inc | C | 76.78% |
| 27 | Suncor Energy Inc | SU | 75.79% |
| 28 | United States Treasury Bill | TBILL | 74.64% |
| 29 | Intesa Sanpaolo SpA | ISP | 74.40% |
| 30 | Bank of America Corp | BAC | 74.30% |
| 31 | Goldman Sachs Group Inc/The | GS | 72.51% |
| 32 | United States Treasury Bill | TBILL | 71.43% |
| 33 | RWE AG | RWE | 69.34% |
| 34 | Illinois Tool Works Inc | ITW | 65.79% |
| 35 | McKesson Corp | MCK | 65.78% |
| 36 | Macquarie Group Ltd | MQG | 65.44% |
| 37 | CHF CASH | CHF | 63.33% |
| 38 | Rockwell Automation Inc | ROK | 63.27% |
| 39 | United States Treasury Bill | TBILL | 63.21% |
| 40 | NEC Corp | 6701 | 62.05% |
| 41 | 3M Co | MMM | 60.39% |
| 42 | Microchip Technology Inc | MCHP | 60.36% |
| 43 | Danone SA | BN | 59.29% |
| 44 | RTX Corp | RTX | 57.83% |
| 45 | Analog Devices Inc | ADI | 57.53% |
| 46 | Booking Holdings Inc | BKNG | 57.25% |
| 47 | DKK CASH | DKK | 56.11% |
| 48 | SEK CASH | SEK | 53.95% |
| 49 | ITOCHU Corp | 8001 | 53.06% |
| 50 | Mitsui Fudosan Co Ltd | 8801 | 51.99% |
Sectors
Allocation by industry sector.
| Sector | Weight |
|---|---|
| Cash & Equivalents | 7085.00% |
| Government Bonds | 2171.00% |
| Industrials | 981.00% |
| Technology | 748.00% |
| Health Care | 471.00% |
| Financials | 271.00% |
| Communication Services | 264.00% |
| Energy | 264.00% |
| Materials | 159.00% |
| Utilities | 55.00% |
| Unknown | 1.00% |
Regions
Geographic allocation by country of risk.
| Country | Weight |
|---|---|
| United States | 11015.00% |
| Japan | 295.00% |
| United Kingdom | 210.00% |
| Germany | 192.00% |
| Italy | 183.00% |
| Canada | 163.00% |
| Australia | 124.00% |
| France | 110.00% |
| Norway | 89.00% |
| Spain | 88.00% |
| Netherlands | 39.00% |
| Hong Kong SAR China | 37.00% |
| Israel | 10.00% |
| Belgium | 2.00% |
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