iShares U.S. Large Cap Premium Income Active ETF
$34.55−0.20 (−0.59%)
- Expense ratio
- 0.35%
- Fund size
- $1.4B
- 1Y return
- +18.9%
- Yield · Last 12 months
- 7.72%
- Holdings
- 203
- Volume · 30D
- 0.3M sh
- NAV per share
- $34.76
- 52W range
The ETF.net BALI Grade
Score 80 of 100 sits in the A band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.
Cost
What you pay to own it — the expense ratio plus trading frictions, ranked within its category.AScore 76Category rankMission
How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.AScore 100Category rankRisk
How violently it can move — volatility, drawdown depth, and downside capture versus its category.BScore 59Category rankTradability
How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.AScore 74Category rankHoldings
What it actually owns — the quality, breadth, and concentration of the underlying portfolio.AScore 85Category rankDurability
Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.AScore 83Category rank
Our read on BALI
ABlackRock's active answer to the covered-call crowd: roughly 200 hand-picked U.S. large caps, calls written on the S&P 500 itself rather than single stocks, monthly payouts, at well under the typical fee in its peer group.
BALI seeks consistent income with lower volatility than the broader U.S. equity market. It primarily holds U.S. large-cap equities, sells calls on a large-cap equity index, and uses related index futures to pursue premium income and capital appreciation.
Why people hold it
- 0.35% a year against a 0.60% median for S&P 500 option-income funds, and below what XYLD (0.60%) or SPYI (0.68%) charge for similar work.
- Actively run, not a mechanical buy-write: about 200 large caps picked by the manager, index calls sold on top, index futures used alongside.ishares.com
- Pays monthly, and the mandate chases capital appreciation as well as premium, so the stock sleeve is not just collateral for the options.
- Does what its documents say it does, and stands among the stronger implementations in the S&P 500 option-income group.
Worth knowing
- Selling index calls swaps part of a big rally for premium. The design targets lower volatility than the broad market, not maximum upside.
- Distributions can include return of capital, meaning part of a payout may be your own money coming back rather than fund earnings.ishares.com
- Launched in 2023, so the track record is short, and it trades at moderate volume rather than with the tightest spreads in the category.
BALI Holdings
- Stocks
- 203
- 36%
- NVDA
Sectors
- Technology36.5%
- Health Care10.4%
- Financials10.2%
- Consumer Discr.10.1%
- Communication9.6%
- Industrials7.7%
- Cons. Staples6.0%
- Energy4.4%
- Utilities2.4%
- Materials1.3%
- Real Estate1.3%
Geography
- United States98.38%
- Singapore0.35%
- Netherlands0.28%
- Bermuda0.19%
- Puerto Rico0.18%
- Sweden0.14%
- United Kingdom0.12%
- Israel0.10%
- 0.25%
BALI Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
Returns run to the Sep 22, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.
| Period | BALI |
|---|---|
| Year to date | +16.0% |
| 1 month | +0.7% |
| 3 months | +5.4% |
| 1 year | +18.9% |
| 3 years | — |
| 5 years | — |
| 10 years | — |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | BALI |
|---|---|---|
| 2026 YTD | +16.0% | |
| 2025 | +14.5% | |
| 2024 | +22.4% | |
| 2023 | +9.5% |
BALI in the news
ETF.net Research hasn’t filed on BALI yet — coverage lands here as it’s written.
BALI Dividends
- 7.72%
- $2.68
- $0.21 per share
- Monthly
Distribution history
| Ex-date | Pay date | Amount per share |
|---|---|---|
| Sep 1, 2026 | Sep 4, 2026 | $0.21 |
| Aug 3, 2026 | Aug 6, 2026 | $0.19 |
| Jul 1, 2026 | Jul 7, 2026 | $0.27 |
| Jun 1, 2026 | Jun 4, 2026 | $0.22 |
| May 1, 2026 | May 6, 2026 | $0.22 |
| Apr 1, 2026 | Apr 7, 2026 | $0.35 |
| Mar 2, 2026 | Mar 5, 2026 | $0.20 |
| Feb 2, 2026 | Feb 5, 2026 | $0.18 |
| Dec 30, 2025 | Jan 5, 2026 | $0.22 |
| Dec 1, 2025 | Dec 4, 2025 | $0.25 |
| Nov 3, 2025 | Nov 6, 2025 | $0.19 |
| Oct 1, 2025 | Oct 6, 2025 | $0.19 |
BALI Risk
- 10.3%
How it’s calculated: standard deviation
The sample standard deviation of monthly total returns, multiplied by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.
- 1.54
How it’s calculated: Sharpe ratio
Subtract each month’s Treasury-bill return from the fund’s monthly total return.
Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.
- −16.6%
How it’s calculated: maximum drawdown
The largest percentage decline from an earlier peak, using total returns with reinvested distributions.
Uses up to five years through the last close, with at least 12 months required.
- 0.77
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
BALI Cost
- The middle half of S&P 500 Option Income funds
- Median 0.60%
11 of the 51 S&P 500 Option Income funds charge less.