iShares U.S. Large Cap Premium Income Active ETF
$34.870.00 (0.00%)
- 0.35%
- $1.5B
- +22.5%
- 7.66%
- 0.3M sh
- $34.81
- low $29.94high $35.39
The ETF.net BALI Grade
A
Score 80 out of 100
- 2 of 52
Score 80 of 100 falls in the A band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.
Cost
The fund’s net expense ratio, ranked against its category.A76 out of 100Rank 12 of 52Mission
Whether the fund did what it promised, tested against its stated mandate.A100 out of 100Rank 1 of 35Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.B63 out of 100Rank 13 of 52Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.A70 out of 100Rank 9 of 52Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.A85 out of 100Rank 2 of 41Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.A84 out of 100Rank 5 of 52
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
- 208
- 36%
- NVDA
Geography
- United States98.36%
- Ireland0.47%
- Singapore0.36%
- Puerto Rico0.18%
- Bermuda0.14%
- United Kingdom0.14%
- Israel0.10%
- Netherlands0.10%
- 0.15%
BALI Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
Not enough history yet.Not enough history yet.
BALI$12,251
Returns run to the Oct 12, 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 | +16.9% |
| 1 month | +1.9% |
| 3 months | +4.4% |
| 1 year | +22.5% |
| 3 years | +21.0% |
| 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 | +16.9% | |
| 2025 | +14.5% | |
| 2024 | +22.4% | |
| 2023 | +9.5% |
BALI in the news
BALI Dividends
- 7.66%
- $2.67
- $0.18 per share
- Monthly
Distribution history
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.
- 1.48
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.
- 0.79
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
0.35%
BALI0.35%
- The middle half of S&P 500 Option Income funds
- Median 0.60%
10 of the 51 S&P 500 Option Income funds charge less.
Other funds in S&P 500 Option Income
- ACSHINeos Enhanced Income Cash Alternative ETFExpense ratio 0.38%1 year return +5.1%
- AIVVWiShares S&P 500 BuyWrite ETFExpense ratio 0.25%1 year return +18.9%
- AGPIXGoldman Sachs S&P 500 Premium Income ETFExpense ratio 0.35%1 year return +20.3%
- AXYLDGlobal X - S&P 500 Covered Call ETFExpense ratio 0.60%1 year return +19.9%
- AGQINatixis Gateway Quality Income ETFExpense ratio 0.34%1 year return +23.6%