ETF Evaluator:
iShares U.S. Large Cap Prm Inc Act ETF ()
Follow This ETF
(as of Nov 13)
Best Performing in Derivative Income - Diversified Over the Last Year
| 24.9% | Federated Hermes Enhanced Income ETF (PAYR) |
| 21.1% | Amplify COWS Covered Call ETF (HCOW) |
| 20.5% | Parametric Equity Premium Income ETF (PAPI) |
| 20.2% | First Trust Small Cp BuyWrt Inc ETF (FTKI) |
| 19.9% | Cullen Enhanced Equity Income ETF (DIVP) |
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ETF Details
iShares U.S. Large Cap Prm Inc Act ETF Overview
iShares U.S. Large Cap Prm Inc Act ETF (BALI) is an actively managed Nontraditional Equity Derivative Income - Diversified exchange-traded fund (ETF). BlackRock launched the ETF in 2023.
The investment seeks consistent income with lower volatility than the broader U.S. equity market.
Under normal circumstances, the fund invests at least 80% of its net assets (plus the amount of any borrowings for investment purposes) in a combination of large cap equity securities of U.S. issuers and options that produce premium income. The fund is non-diversified.
About iShares U.S. Large Cap Prm Inc Act ETF (BALI)
There are 3 members of the management team with an average tenure of 3.10 years: Travis Cooke (2023), Robert Fisher (2023) and Raffaele Savi (2023). Management tenure is more important for actively managed ETFs than passive index ETFs.
The ETF has 1 primary benchmark: S&P 500 (TR) (1970) index with a weighting of 100%. iShares U.S. Large Cap Prm Inc Act ETF has 199 securities in its portfolio. The top 10 holdings constitute 38.9% of the ETF’s assets. The ETF meets the SEC requirement of being classified as a nondiversified fund. The ETF is not considered to have an ESG focus with its investment selection and management.
iShares U.S. Large Cap Prm Inc Act ETF is part of the Equity global asset class and is within the Nontraditional Equity ETF group. iShares U.S. Large Cap Prm Inc Act ETF has 0.7% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 85.4% There is 0.7% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 0.0% (0.0% domestic bond, 0.0% foreign bond and 0.0% convertible bond). iShares U.S. Large Cap Prm Inc Act ETF has 14.0% of the portfolio in cash.
Assets Under Management
The fund has $1 billion in total assets, which is above the $1 billion average for the Derivative Income - Diversified category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.
BALI Performance and Fees
The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The iShares U.S. Large Cap Prm Inc Act ETF expense ratio is below average compared to funds in the Derivative Income - Diversified category. iShares U.S. Large Cap Prm Inc Act ETF has an expense ratio of 0.35%, which is 52% lower than its category average, making the fund expense ratio grade a A. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.
High portfolio turnover can translate to higher expenses and lower aftertax returns. iShares U.S. Large Cap Prm Inc Act ETF has a portfolio turnover rate of 112%, which indicates that it holds its assets around / 0.0 years. By way of comparison, the average portfolio turnover is 65% for the Derivative Income - Diversified category.
Recently, in the month of October 2026, iShares U.S. Large Cap Prm Inc Act ETF returned -0.4%, which earned it a grade of C, as the Derivative Income - Diversified category had an average return of -2.0%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all ETFs in that category.
iShares U.S. Large Cap Prm Inc Act ETF has a trailing yield of 2.49%, which is below the 6.26% category average.
The fund normally distributes its income monthly and its capital gains annually.
It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.
iShares U.S. Large Cap Prm Inc Act ETF Grades
Year to date, the ETF has returned 14.6%, 5.6 percentage points better than the category, which translates into a grade of A. The fund has returned 15.8% over the past year (grade of A) and 21.2% over the past three years (grade of A).
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BALI Trailing NAV Total Returns Data as of 10/31/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| BALI Return (NAV) | -0.4% | 1.6% | 15.8% | 21.2% | na | na |
| BALI Return (Price) | -0.6% | 1.6% | 15.6% | 21.2% | na | na |
| NAV +/- Price Return | 0.242% | -0.003% | 0.120% | -0.003% | na | na |
| Derivative Income - Diversified Avg | -2.0% | 0.9% | 10.1% | 16.5% | 8.1% | 8.1% |
| BALI Grade (NAV) | C | C | A | A | na | na |
| +/- Category (NAV) | 1.6% | 0.6% | 5.7% | 4.7% | na | na |
| BALI Tax-Cost Ratio | na | na | 1.4% | 1.7% | na | na |
BALI Annual NAV Total ReturnsData as of 10/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| BALI Return (NAV) | 14.6% | 14.2% | 22.5% | na | na | na | na | na | na | na | na |
| BALI Return (Price) | 14.3% | 14.5% | 22.4% | na | na | na | na | na | na | na | na |
| NAV +/- Price Ret | -0.019% | 0.019% | -0.005% | na | na | na | na | na | na | na | na |
| Derivative Income - Diversified Avg | 8.9% | 13.8% | 15.9% | 16.3% | -11.8% | 19.1% | 3.7% | 19.2% | -5.9% | 14.0% | 7.1% |
| BALI Grade (NAV) | A | C | A | na | na | na | na | na | na | na | na |
| +/- Category | 5.6% | 0.4% | 6.6% | na | na | na | na | na | na | na | na |
| Risk Measures | |
| Beta: | 0.79 |
| R-Squared: | 95% |
| Standard Deviation: | 10.2% |
| Category Risk Index: | 0.99 |
| Category Risk Rating: | Average |
| Total Risk Index: | 0.84 |
| Total Risk Rating: | Below Average |
| Portfolio Characteristics | |
| Yield: | 2.5% |
| Total Assets: | $ 1,544 Mil |
| Share Class Assets: | $ 1,544 Mil |
| Turnover: | 112.0% |
| Expense Ratio: | 0.35% |
| Index Fund: | No |
| Index Tracked: | S&P 500 (TR) (1970) |
| Index Weighting: | 100% |
| Leveraged: | No |
| Socially Responsible Fund: | No |
| Capital Gains Distribution Frequency: | Annually |
| Income Distribution Frequency: | Monthly |
Management Team
| Number of Managers: 3 | |||
| Longest Tenure: 3.1 years | |||
| Average Tenure: 3.1 years | |||
| Managers (Year): Cooke Travis (2023), Fisher Robert (2023), Savi Raffaele (2023) | |||
Portfolio Composition (as of 10/30/26)
| # of Holdings: | 199 |
| % in Top 10 Holdings: | 38.9% |
| Fund is Non-Diversified: | Yes |
| % in Foreign Issues: | 0.7% |
Portfolio Allocation |
|
| Domestic Stock: | 85.4% |
| Foreign Stock: | 0.7% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | 14.0% |
Purchase Information
| Legal Structure: | Open Ended Investment Company |
| Fund Family: | BlackRock |
| Phone Number: | 800-474-2737 |
| Website: | www.blackrock.com |
| Inception Date: | September 26, 2023 |
Expenses and Fees
| Expense Ratio (%): | 0.35% (Rating: Below Avg) |
| Category Average Expense Ratio (%): | 0.73% |
