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BELT

GradeDNASDAQ Global Market

iShares U.S. Select Equity Active ETF

IShares · Inception 2024-06-17

$40.04+0.11 (+0.28%)

At close: Aug 12, 2026, 4:00 PM EDT

Market opens at 9:30 AM ET.History starts Jun 18, 2024.
Intraday session: up, 5 prints from 39.95 to 40.04. Range 39.95 to 40.04. Use the arrow keys to read each point.$39.96$40.00Aug 11Aug 12Aug 14Aug 17
Expense ratio
0.75%
Fund size
$10M
1Y return
+21.9%
Yield · Last 12 months
Data unavailable
Holdings
18
Volume · 30D
0M sh
NAV per share
$39.93
52W range
low $31.05high $40.26

The ETF.net BELT Grade

D

38/ 100

Confidence High

Six-pillar profile for BELT. Scores out of 100: Cost 41, Risk 26, Mission 44, Tradability 44, Holdings 32, Durability 40. Strongest: Mission (44). Weakest: Risk (26). No single pillar leads.
F< 25
D≥ 25
C≥ 40
B≥ 55
A≥ 70

Score 38 of 100 sits in the D 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.
    CScore 41
    —

  • Mission

    How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.
    CScore 44
    —

  • Risk

    How violently it can move — volatility, drawdown depth, and downside capture versus its category.
    DScore 26
    —

  • Tradability

    How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.
    CScore 44
    —

  • Holdings

    What it actually owns — the quality, breadth, and concentration of the underlying portfolio.
    DScore 32
    —

  • Durability

    Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.
    CScore 40
    —

Graded as of Aug 20, 2026

Our read on BELT

ETF.net Research

DThe world's biggest index house moonlighting as a stock picker. BELT runs a focused book of large- and mid-cap U.S. names and is measured against the S&P 500 rather than built to hug it.

Stated mandate

The fund seeks to maximize total return through a focused portfolio composed primarily of large- and mid-cap companies in the United States.

Why people hold it

  1. 01A genuinely active mandate: the fund seeks to maximize total return from a focused portfolio of large- and mid-cap U.S. companies, so it is making choices, not copying a list.ishares.com
  2. 02The scorecard is the S&P 500, the most familiar yardstick in U.S. equities. Easy to see what the manager is adding or giving up.ishares.com
  3. 03Active management delivered in an iShares wrapper, with the intraday trading and holdings disclosure of an ETF instead of a mutual fund's slower rhythm.ishares.com

Worth knowing

  1. 01Conviction costs: 0.75% a year sits above the typical active U.S. equity ETF, and highly rated systematic peers like DFAU, AVLC and FELC charge under 0.20%.
  2. 02A small, thinly traded fund, so the bid-ask spread can matter as much as the fee. Trading in calm market hours and using limit orders is the usual answer.
  3. 03Listed in 2024, so the track record is short, and cash comes back once or twice a year rather than monthly.

BELT Holdings

As of Aug 20, 2026, 3:29 PM
Asset class
Stocks
Holdings
18
Top-10 weight
100%
Largest holding
USD CASH100.0%

Sectors

  • Technology34.5%
  • Industrials25.5%
  • Financials13.4%
  • Consumer Discr.13.3%
  • Communication13.2%
The fund’s holdings, weight-ordered — page 1 of 1.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001—USD CASH100.00%9,374,690$9M—

Showing 1–1 of 1 holdings

BELT Performance

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

Performance data is unavailable.

Returns run to the last market 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.

Trailing total return for BELT. Periods over one year show the average yearly return.
PeriodBELT
Year to dateHistory unavailable—
1 monthHistory unavailable—
3 monthsHistory unavailable—
1 yearHistory unavailable—
3 yearsHistory unavailable—per year
5 yearsHistory unavailable—per year
10 yearsHistory unavailable—per year

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual return data is unavailable.

BELT in the news

ETF.net Research hasn’t filed on BELT yet — coverage lands here as it’s written.

BELT Dividends

Adds up every distribution paid per share over the last 12 months, divided by the last completed close. Distributions are counted by ex-date.
Data unavailableLast 12 months
Payout per share
Data unavailableLast 12 months

Distribution data unavailable.

BELT Risk

How much the fund’s monthly returns vary, scaled to a year.
—
No data available
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.

Return above 3-month US Treasury bills per unit of volatility.
—
No data available
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.

The largest fall from a peak to the low that followed.
—
No data available
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.

How strongly the fund’s returns move with its asset-class index.
1.40
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

BELT Cost

Expense Ratio
0.75%