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Launched

iShares Flexible Equity Active ETF

BFLXNasdaqA

$26.04−0.03 (−0.11%)

At close: Oct 13, 2026, 4:00 PM

A74/ 100

Rank 6 of 44 in Global Active Equity

A74/100Rank 6 of 44inGlobal Active Equity
Intraday session: down, 73 prints from 26.06 to 26.04. Range 25.90 to 26.07. Use the arrow keys to read each point.25.9025.9526.0010 AM12 PM2 PM4 PM
Expense ratio
0.40%
Fund size
$2.2B
1Y total return
—
Yield · Last 12 months
—
Holdings
309
Avg volume · 30D
1.1M sh
NAV per share
$26.04
52W range
low $24.77high $26.67
Launched

The ETF.net BFLX Grade

Based on 5 of 6 pillars

A

Score 74 out of 100

Category
Global Active Equity⁠
Rank
6 of 44
Six-pillar profile for BFLX. Scores out of 100: Cost 79, Risk 66, Mission not scored, Tradability 74, Holdings 78, Durability 66. Strongest: Cost (79). Weakest: Durability (66). Based on 5 of 6 pillars.

Score 74 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.
    A79 out of 100
    Rank 9 of 44

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    Not scored

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    B66 out of 100
    Rank 13 of 42

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    A74 out of 100
    Rank 6 of 44

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    A78 out of 100
    Rank 8 of 44

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    B66 out of 100
    Rank 15 of 44

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 Oct 12, 2026
Asset class
Stocks
Holdings
309
Top-10 weight
32%
Largest holding
NVDA6.0%

Sectors

  • Information Technology36.8%
  • Financials15.7%
  • Industrials14.2%
  • Consumer Discretionary8.9%
  • Health Care8.6%
  • Consumer Staples5.5%
  • Energy4.3%
  • Communication3.7%
  • Materials2.3%
  • Utilities0.1%

Geography

  • United States76.81%
  • Japan3.10%
  • United Kingdom2.64%
  • Netherlands1.93%
  • Italy1.59%
  • Spain1.57%
  • Norway1.52%
  • Denmark1.35%
  • Other countries (18)9.48%

Developed 85% · Emerging 15% of the foreign sleeve

The fund’s holdings, weight-ordered — page 1 of 21.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001NVDANVIDIA5.96%568,812$130M847
002MSFTMicrosoft4.90%200,664$107M815
003AAPLApple4.11%267,249$90M715
004VVisa Class A3.16%179,615$69M558
005FTNTFortinet2.98%334,828$65M468
006AMZNAmazon.com Inc2.56%213,723$56M736
007RLRalph Lauren Class A2.18%128,475$48M279
008AMATApplied Material Inc2.00%86,346$44M561
009PHParker-Hannifin1.95%44,349$43M353
010JBHTJb Hunt Transport Services1.85%177,004$41M294
011ANETArista Networks1.75%177,122$38M509
012FASTFastenal1.67%718,602$36M371
013ASMLAsml Holding Adr Representing1.61%19,783$35M203
014AVGOBroadcom Inc1.60%97,070$35M754
015GOOGAlphabet Class C1.47%92,697$32M478

Showing 1–15 of 309 holdings

BFLX Performance

Launched May 19, 2026

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.Not enough history yet.Not enough history yet.Not enough history yet.
BFLX$10,172
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$10,332
Jul 10, 2026 to Oct 12, 2026. BFLX $10,172. SPY $10,332. Use the arrow keys to read each point.$9,608$10,004$10,400Jul 2026Aug 2026Oct 2026

Jul 10, 2026 – Oct 12, 2026

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.

Trailing total return for BFLX. Periods over one year show the average yearly return.
PeriodBFLX
Year to dateFund launched this year—
1 month+0.9%
3 months+1.7%
1 yearFund is under 1 year old—
3 yearsFund is under 3 years oldper year—
5 yearsFund is under 5 years oldper year—
10 yearsFund is under 10 years oldper 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+3.2%

History from May 20, 2026

BFLX in the news

Filtered to BFLX · Global Active Equity

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 Oct 12, 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.

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