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BFLX

GradeANASDAQ Global Market

iShares Flexible Equity Active ETF

Active Equity · IShares · Inception 2026-05-18

$25.82−0.16 (−0.61%)

As of Sep 23, 2026, 2:20 PM EDT

History starts May 20, 2026.History starts May 20, 2026.History starts May 20, 2026.
Intraday session: down, 45 prints from 25.98 to 25.82. Range 25.76 to 25.88. Use the arrow keys to read each point.$25.75$25.80$25.8510 AM12 PM2 PM4 PM
Expense ratio
0.40%
Fund size
$2.1B
1Y return
—
Yield · Last 12 months
—
Holdings
537
Volume · 30D
1.1M sh
NAV per share
$25.94
52W range
low $24.77high $26.67

The ETF.net BFLX Grade

A

72/ 100

Rank 6 of 44 in Global Active Equity⁠

Confidence Medium

Six-pillar profile for BFLX. Scores out of 100: Cost 79, Risk 60, Mission not scored, Tradability 72, Holdings 78, Durability 66. Strongest: Cost (79). Weakest: Risk (60). Based on 5 of 6 pillars.
F< 25
D≥ 25
C≥ 40
B≥ 55
A≥ 70

Score 72 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 79
    Category rank11/44 · top 25%

  • Mission

    How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.
    Not scored
    —

  • Risk

    How violently it can move — volatility, drawdown depth, and downside capture versus its category.
    BScore 60
    Category rank16/42 · top 38%

  • Tradability

    How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.
    AScore 72
    Category rank12/44 · top 27%

  • Holdings

    What it actually owns — the quality, breadth, and concentration of the underlying portfolio.
    AScore 78
    Category rank10/43 · top 23%

  • Durability

    Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.
    BScore 66
    Category rank15/44 · top 34%

Graded as of Sep 22, 2026 · Based on 5 of 6 pillars

Our read on BFLX

ETF.net Research

AA hedge-fund move in an ETF wrapper: BFLX runs more than 100% long in global stocks and shorts its least-favored names, staying net long throughout. Systematic signals plus human judgment, 0.40% a year.

Stated mandate

The fund seeks total return through a systematic, actively managed global-equity approach. It may use both long and short positions while maintaining net long exposure.

Why people hold it

  1. 01The 130/30 build in plain English: stretch the long book past 100% of assets, short the least-favored names to fund it, and keep net exposure long global equities.blackrock.com
  2. 020.40% a year, less than the typical fund in its global active-equity peer group, for machinery (shorting, extension) that plain index funds do not offer.
  3. 03Run by BlackRock's Global Allocation systematic team against the MSCI World Index, and already a multi-billion-dollar fund that trades actively.blackrock.com
  4. 04Roughly 500 positions, so it reads as a broad global book rather than a few concentrated bets.

Worth knowing

  1. 01Shorting brings costs and risks pure long investing does not: borrow fees, and a short that moves against the fund has no natural ceiling on its loss.ishares.com
  2. 02It launched in 2026, so there is far less history here than behind the decades-old global index funds sitting next to it.
  3. 03Cheaper routes to global equity exist: index-based peers such as AVGE and DFAW charge roughly half as much, without the shorts or the active calls.

BFLX Holdings

As of Sep 22, 2026, 5:19 AM
Asset class
Stocks
Holdings
537
Top-10 weight
32%
Largest holding
NVDA5.9%

Sectors

  • Technology29.7%
  • Financials17.6%
  • Industrials13.2%
  • Consumer Discr.10.9%
  • Health Care9.4%
  • Cons. Staples4.6%
  • Communication4.4%
  • Energy3.9%
  • Materials3.0%
  • Real Estate1.8%
  • Utilities1.5%

Geography

  • United States74.69%
  • Japan3.91%
  • Switzerland2.99%
  • United Kingdom2.22%
  • Netherlands1.90%
  • Italy1.76%
  • Norway1.69%
  • Spain1.64%
  • Other countries (12)9.20%

Developed 89% · Emerging 11% of the foreign sleeve

The fund’s holdings, weight-ordered — page 1 of 21.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001NVDANVIDIA5.90%562,274$125M828
002AAPLAPPLE4.71%296,819$100M707
003MSFTMICROSOFT4.56%195,727$97M792
004VVISA CLASS A3.14%180,728$67M550
005FTNTFORTINET2.90%362,243$62M465
006AMZNAMAZON.COM INC2.64%220,799$56M720
007—GALDERMA GROUP ADR AG2.32%1,278,748$49M1
008RLRALPH LAUREN CLASS A2.10%133,025$45M276
009JBHTJB HUNT TRANSPORT SERVICES1.97%178,405$42M295
010PHPARKER-HANNIFIN1.96%43,977$41M344
011AMATAPPLIED MATERIAL INC1.89%90,236$40M558
012ANETARISTA NETWORKS1.66%176,047$35M490
013FASTFASTENAL1.62%700,030$34M363
014DNKEYDANSKE BK A S SPONSORED DENMARK AD1.60%1,174,909$34M6
015ASMLASML HOLDING ADR REPRESENTING1.58%19,913$33M199

Showing 1–15 of 304 holdings

BFLX Performance

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

BFLX$9,995
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$10,415
Jun 22, 2026 to Sep 22, 2026. BFLX $9,995. SPY $10,415. Use the arrow keys to read each point.$9,470$9,996$10,523Jun 2026Aug 2026Sep 2026

Jun 22, 2026 – Sep 22, 2026

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.

Trailing total return for BFLX. Periods over one year show the average yearly return.
PeriodBFLX
Year to dateFund launched this year—
1 month+0.5%
3 months−0.0%
1 yearFund is under 1 year old—
3 yearsFund is under 3 years old—per year
5 yearsFund is under 5 years old—per year
10 yearsFund is under 10 years old—per year

As of the close, with distributions reinvested.

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 total returns for BFLX
YearReturn barBFLX
2026 YTD+2.8%

History from May 20, 2026

BFLX in the news

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

BFLX 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 through Sep 22, 2026.
—Last 12 months
Payout per share
—Last 12 months

Listed May 2026. No distributions yet.

BFLX Risk

How much the fund’s monthly returns vary, scaled to a year.
—
Launched May 2026; fills in after 12 months
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.
—
Launched May 2026; fills in after 12 months
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.
—
Launched May 2026; fills in after 12 months
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.
0.95
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.

BFLX Cost

Expense ratio0.40%
  • The middle half of Global Active Equity funds
  • Median 0.69%

8 of the 44 Global Active Equity funds charge less.

BFLX costs $40.00 a year on $10,000. The median Global Active Equity fund costs $69.00.