ETF Evaluator: iShares U.S. Select Equity Active ETF () Follow This ETF

iShares U.S. Select Equity Active ETF Overview

iShares U.S. Select Equity Active ETF (BELT) is an actively managed U.S. Equity Large Growth exchange-traded fund (ETF). BlackRock launched the ETF in 2024.

The investment seeks to achieve long-term capital growth. Under normal circumstances, the fund invests at least 80% of its net assets, plus the amount of any borrowings for investment purposes, in equity securities of U.S. issuers and derivatives with similar economic characteristics. It generally seeks to implement a long-term investment philosophy in order to achieve its investment objective of long-term capital growth. The fund is non-diversified.

About iShares U.S. Select Equity Active ETF (BELT)

There are 2 members of the management team with an average tenure of 2.12 years: Alister Hibbert (2024) and Michael Constantis (2024). 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. Select Equity Active ETF has 20 securities in its portfolio. The top 10 holdings constitute 66.5% of the ETF’s assets. The ETF meets the SEC requirement of being classified as a nondiversified fund. The ETF is considered to have an ESG focus with its investment selection and management.

iShares U.S. Select Equity Active ETF is part of the Equity global asset class and is within the U.S. Equity ETF group. iShares U.S. Select Equity Active ETF has 9.2% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 82.9% There is 9.2% 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. Select Equity Active ETF has 7.9% of the portfolio in cash.

Assets Under Management

The fund has $9 million in total assets, which is below the $8 billion average for the Large Growth 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.

BELT 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. Select Equity Active ETF expense ratio is above average compared to funds in the Large Growth category. iShares U.S. Select Equity Active ETF has an expense ratio of 0.75%, which is 52% higher than its category average, making the fund expense ratio grade a F. 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. Select Equity Active ETF has a portfolio turnover rate of 74%, which indicates that it holds its assets around / 0.0 years. By way of comparison, the average portfolio turnover is 74% for the Large Growth category.

Recently, in the month of July 2026, iShares U.S. Select Equity Active ETF returned -3.6%, which earned it a grade of C, as the Large Growth category had an average return of -3.8%. 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. Select Equity Active ETF has a trailing yield of 0.02%, which is below the 0.53% category average. The fund normally distributes its income annually 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. Select Equity Active ETF Grades

Year to date, the ETF has returned 14.5%, 8.3 percentage points better than the category, which translates into a grade of A. The fund has returned 16.0% over the past year (grade of B).

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