iShares Managed Futures Active ETF

iShares Managed Futures Active ETF

About

iShares Managed Futures Active ETF (US09290C7314) is a US-listed ETF tracking the ICE BofA 3-Month U.S. Treasury Bill Index. With a expense ratio of 0.8%, its costs are on the higher end for an ETF, paying distributions. The fund holds 83 positions across 1 region with 59M in assets, with heavy concentration — 93% in United States, 93% 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%) 5.1 Assets Under Management

Data sources: provider factsheets, exchange data, and NAV history. Information for educational purposes only — not investment advice.

Ticker ISMF
ISIN
Fund Size $59.3M
Issuer iShares
Distribution Pays Distributions
Replication Physical
Inception Mar 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.

Cost Metrics Explained

What expense ratio, tracking difference, and TD consistency measure

Expense ratio (Total Expense Ratio) is the annual fee the fund charges, deducted from assets. It’s the headline cost, but not the full picture.

Tracking Difference measures how much the fund actually lags (or leads) its benchmark index per year. This is the single best measure of true cost — it captures the expense ratio plus all other drags like sampling error and tax withholding. A lower (or negative) value is better.

TD Consistency measures how stable the tracking difference is from year to year. A low value means predictable, reliable costs; a high value means costs can vary significantly.
Expense Ratio0.00%
 
Metric Value
Expense Ratio 0.80%

Cumulative Returns

Performance across different time periods.
Year to Date+0.00%
1 Year+0.00%
Inception+0.00%
 
Period Cumulative Return
1 Month —
3 Months —
6 Months —
1 Year +21.16%
3 Years —
5 Years —
10 Years —
YTD +6.52%
Since Inception +15.68%

Holdings

This fund invests into 83 individual investments.
#1
United States Treasury Bill
92.56%
#2
CASH COLLATERAL BPSFT USD
5.39%
#3
BLK CSH FND TREASURY SL AGENCY
1.35%
#4
JPY CASH
0.46%
#5
CAD/USD
0.35%
#6
AUD CASH
0.30%
#7
NZD/USD
0.29%
#8
EUR CASH
0.26%
#9
GBP CASH
0.21%
#10
CAD CASH
0.19%
View all holdings (50)
# Holding Ticker Weight
1 United States Treasury Bill TBILL 9256.24%
2 CASH COLLATERAL BPSFT USD BPSFT 538.64%
3 BLK CSH FND TREASURY SL AGENCY XTSLA 135.17%
4 JPY CASH JPY 45.73%
5 CAD/USD CAD 34.79%
6 AUD CASH AUD 29.99%
7 NZD/USD NZD 29.16%
8 EUR CASH EUR 26.42%
9 GBP CASH GBP 20.79%
10 CAD CASH CAD 18.60%
11 BRL/USD BRL 11.82%
12 JPY/USD JPY 10.02%
13 MXN/USD MXN 8.16%
14 CAD/USD CAD 2.59%
15 EUR/USD EUR 2.48%
16 CAD/USD CAD 2.26%
17 NZD/USD NZD 1.84%
18 INR/USD INR 1.74%
19 ETD USD BALANCE WITH R93533 ETD_USD 1.63%
20 BRL/USD BRL 1.63%
21 NOK/EUR NOK 1.46%
22 SEK/EUR SEK 1.29%
23 ZAR/USD ZAR 1.26%
24 CHF/EUR CHF 0.89%
25 EUR/USD EUR 0.65%
26 ZAR/USD ZAR 0.45%
27 NOK/EUR NOK 0.44%
28 SEK/EUR SEK 0.31%
29 MXN/USD MXN 0.28%
30 AUD/USD AUD 0.14%
31 TWD/USD TWD 0.13%
32 AUD/USD AUD 0.08%
33 TWD/USD TWD 0.02%
34 CAN 10YR BOND SEP 26 CNU6 0.00%
35 EURO-BUND SEP 26 RXU6 0.00%
36 CAC40 10 EURO JUL 26 CFN6 0.00%
37 BRENT CRUDE (ICE) SEP 26 COU6 0.00%
38 GAS OIL AUG 26 QSQ6 0.00%
39 FTSE 100 INDEX SEP 26 Z U6 0.00%
40 LONG GILT SEP 26 G U6 0.00%
41 FTSE CHINA A50 JUN 26 XUM6 0.00%
42 AUD/USD AUD 0.00%
43 JPN 10YR BOND (OSE) SEP 26 JBU6 0.00%
44 IFSC NIFTY 50 JUN 26 JGSM6 0.00%
45 AUST 10YR BOND SEP 26 XMU6 0.00%
46 SPI 200 SEP 26 XPU6 0.00%
47 CORN SEP 26 C U6 0.00%
48 US 10YR NOTE SEP 26 TYU6 0.00%
49 SOYBEAN NOV 26 S X6 0.00%
50 WTI CRUDE AUG 26 CLQ6 0.00%

Sectors

Allocation by industry sector.
 
Sector Weight
Cash & Equivalents 9256.00%
Unknown 744.00%

Regions

Geographic allocation by country of risk.
 
Country Weight
United States 9256.00%
UNKNOWN 744.00%

Similar ETFs

Other funds tracking Money Market indices.
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