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BTOT

GradeBNew York Stock Exchange Arca

iShares Total USD Fixed Income Market ETF

Core US Bond · IShares · Inception 2025-12-09 · SEC filings

$47.64−0.45 (−0.94%)

As of Sep 23, 2026, 2:16 PM EDT

History starts Dec 10, 2025.History starts Dec 10, 2025.
Intraday session: down, 3 prints from 48.09 to 47.64. Range 47.64 to 48.09. Use the arrow keys to read each point.$47.80$48.0010 AM12 PM2 PM4 PM
Expense ratio
0.10%
Fund size
$29M
1Y return
—
Yield · Last 12 months
Data unavailable
Holdings
1069
Volume · 30D
0M sh
NAV per share
$48.23
52W range
low $47.92high $50.98

The ETF.net BTOT Grade

B

69/ 100

Rank 36 of 118 in US Aggregate Bond⁠

Confidence High

Six-pillar profile for BTOT. Scores out of 100: Cost 82, Risk 54, Mission 100, Tradability 17, Holdings 67, Durability 41. Strongest: Mission (100). Weakest: Tradability (17). Leans toward Mission.
F< 25
D≥ 25
C≥ 40
B≥ 55
A≥ 70

Score 69 of 100 sits in the B 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 82
    Category rank20/118 · top 17%

  • Mission

    How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.
    AScore 100
    Category rank12/100 · top 12%

  • Risk

    How violently it can move — volatility, drawdown depth, and downside capture versus its category.
    CScore 54
    Category rank38/117 · top 32%

  • Tradability

    How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.
    FScore 17
    Category rank102/118 · bottom quartile

  • Holdings

    What it actually owns — the quality, breadth, and concentration of the underlying portfolio.
    BScore 67
    Category rank42/117 · top 36%

  • Durability

    Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.
    CScore 41
    Category rank81/118 · mid-pack

Graded as of Sep 22, 2026

Our read on BTOT

ETF.net Research

BOne ticket for the US dollar bond market, investment grade and high yield together, at 0.10% a year. iShares launched it in December 2025 as a wider take on core bond exposure than the usual index.

Stated mandate

The Fund seeks broad exposure to U.S.-dollar-denominated fixed-income securities spanning investment-grade and high-yield markets, while tracking its underlying index before fees and expenses.

Why people hold it

  1. 010.10% a year against a 0.36% median for its broad-bond peer group. In fixed income, fee drag is one of the few variables you actually control.
  2. 02Investment grade and high yield in one wrapper, tracking the Bloomberg U.S. Total Fixed Income Market Index, so you are not stapling a separate high-yield sleeve onto a core fund yourself.ishares.com
  3. 03Roughly 1,100 bonds, so no single issuer carries much weight, held in a conventional 1940 Act fund from iShares.

Worth knowing

  1. 01The high-yield portion carries credit risk an investment-grade-only core bond fund does not, so it moves with credit spreads more than a plain Agg tracker.
  2. 02A December 2025 launch: short live record, and it began life thinly traded, so spreads can run wider than at long-established bond funds.
  3. 03Cheaper broad-bond options exist: BND, SPAB and SCHZ at 0.03%, iShares' own IUSB at 0.06%, each built on different index rules.

BTOT Holdings

As of Sep 22, 2026, 5:17 AM
Asset class
Bonds
Holdings
1,069
Top-10 weight
14%
Largest holding
BLACKROCK CASH CL INST SL AGENCY5.1%

Geography

  • United States98.09%
  • United Arab Emirates0.70%
  • Saudi Arabia0.70%
  • Netherlands0.17%
  • Luxembourg0.17%
  • Romania0.05%
  • Germany0.05%
  • Ecuador0.03%
  • Other countries (2)0.04%
The fund’s holdings, weight-ordered — page 1 of 72.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001—BLACKROCK CASH CL INST SL AGENCY5.06%0$1M18
002—FNMA 30YR UMBS 2.00% 03/01/20521.88%0$541K21
003—FHLMC 30YR UMBS SUPER 2.50% 05/01/20521.29%0$372K13
004—BMARK_25-V18 A3 5.18% 10/15/20581.03%0$296K6
005—TREASURY NOTE 4.88% 10/31/20300.93%0$268K30
006—TREASURY NOTE 3.38% 09/15/20270.86%0$247K31
007—UMBS 15YR TBA(REG B) 2.00% 10/15/20260.85%0$245K25
008—TREASURY NOTE 4.00% 04/30/20320.84%0$243K28
009—FNMA 30YR UMBS SUPER 2.50% 07/01/20520.84%0$242K2
010—TREASURY NOTE 4.00% 07/31/20320.83%0$240K32
011—TREASURY NOTE 1.88% 02/15/20320.74%0$215K35
012—FNMA 30YR UMBS SUPER 3.00% 12/01/20510.72%0$209K2
013—MDGH GMTN RSC LTD MTN RegS 5.50% 04/28/20330.70%0$202K7
014—TURKEY (REPUBLIC OF) 7.13% 02/12/20320.70%0$201K13
015—SAUDI ARABIA (KINGDOM OF) MTN RegS 5.63% 01/13/20350.70%0$201K9

Showing 1–15 of 1072 holdings

BTOT Performance

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

BTOT$9,890
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,430
Dec 31, 2025 to Sep 22, 2026. BTOT $9,890. SPY $11,430. Use the arrow keys to read each point.$9,119$10,381$11,642Dec 2025May 2026Sep 2026

Dec 31, 2025 – 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 BTOT. Periods over one year show the average yearly return.
PeriodBTOT
Year to date−1.1%
1 month−1.2%
3 months−1.6%
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 BTOT
YearReturn barBTOT
2026 YTD−1.1%
2025+0.5%

History from Dec 10, 2025

BTOT in the news

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

BTOT 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.
Data unavailableLast 12 months
Payout per share
Data unavailableLast 12 months
Last payment
$0.18 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Monthly

Distribution data unavailable.

Distribution history

2025–2026

One bar per payment. 9 payments from 2025 to 2026 YTD. Dec 30, 2025 $0.11; Feb 2, 2026 $0.18; Mar 2, 2026 $0.18; Apr 1, 2026 $0.19; May 1, 2026 $0.19; Jun 1, 2026 $0.21; Jul 1, 2026 $0.18; Aug 3, 2026 $0.20; Sep 1, 2026 $0.18. Use the arrow keys to read each point.20252026YTD
Ex-datePay dateAmount per share
Sep 1, 2026Sep 4, 2026$0.18
Aug 3, 2026Aug 6, 2026$0.20
Jul 1, 2026Jul 7, 2026$0.18
Jun 1, 2026Jun 4, 2026$0.21
May 1, 2026May 6, 2026$0.19
Apr 1, 2026Apr 7, 2026$0.19
Mar 2, 2026Mar 5, 2026$0.18
Feb 2, 2026Feb 5, 2026$0.18
Dec 30, 2025Jan 5, 2026$0.11

BTOT Risk

How much the fund’s monthly returns vary, scaled to a year.
—
Launched Dec 2025; 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 Dec 2025; 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 Dec 2025; 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.
0.07
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.

BTOT Cost

Expense ratio0.10%
  • The middle half of US Aggregate Bond funds
  • Median 0.34%

17 of the 112 US Aggregate Bond funds charge less.

BTOT costs $10.00 a year on $10,000. The median US Aggregate Bond fund costs $34.00.