ETF Evaluator:
iShares Infrastructure Active ETF ()
Follow This ETF
(as of Aug 26)
Best Performing in Infrastructure Over the Last Year
| 30.0% | Themes US Infrastructure ETF () |
| 27.5% | First Trust NASDAQ® Cln Edge®StGidIfsETF (GRID) |
| 25.2% | Xtrackers US Green Infras Sel Eq ETF (UPGR) |
| 24.3% | Global X US Infrastructure Dev ETF (PAVE) |
| 21.8% | iShares US Infrastructure ETF (IFRA) |
Risk
Index
Risk
Index
ETF Details
iShares Infrastructure Active ETF Overview
iShares Infrastructure Active ETF (BILT) is an actively managed Sector Equity Infrastructure exchange-traded fund (ETF). BlackRock launched the ETF in 2025.
The investment seeks to maximize long-term total returns by investing in securities of infrastructure-related companies.
Under normal circumstances, the fund will invest at least 80% of its net assets, plus any borrowings for investment purposes, in the equity securities of infrastructure-related companies or derivatives that provide investment exposure to such securities or to one or more market risk factors associated with such securities. The fund is non-diversified.
About iShares Infrastructure Active ETF (BILT)
There are 2 members of the management team with an average tenure of 0.84 years: Mathias Domini (2025) and Balfe Morrison (2025). Management tenure is more important for actively managed ETFs than passive index ETFs.
iShares Infrastructure Active ETF has 197 securities in its portfolio. The top 10 holdings constitute 40.5% 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 Infrastructure Active ETF is part of the Equity global asset class and is within the Sector Equity ETF group. iShares Infrastructure Active ETF has 40.1% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 59.3% There is 40.1% 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 Infrastructure Active ETF has 0.6% of the portfolio in cash.
Assets Under Management
The fund has $109 million in total assets, which is below the $1 billion average for the Infrastructure 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.
BILT 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 Infrastructure Active ETF expense ratio is above average compared to funds in the Infrastructure category. iShares Infrastructure Active ETF has an expense ratio of 0.60%, which is 12% higher than its category average, making the fund expense ratio grade a D. 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 Infrastructure Active ETF has a portfolio turnover rate of 188%, which indicates that it holds its assets around / 0.0 years. By way of comparison, the average portfolio turnover is 40% for the Infrastructure category.
Recently, in the month of July 2026, iShares Infrastructure Active ETF returned -0.3%, which earned it a grade of C, as the Infrastructure category had an average return of -2.8%. 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 Infrastructure Active ETF has a trailing yield of 2.04%, which is equal to the 2.04% 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 Infrastructure Active ETF Grades
Year to date, the ETF has returned 13.4%, 0.4 percentage points worse than the category, which translates into a grade of B. The fund has returned 18.3% over the past year (grade of B).
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BILT Trailing NAV Total Returns Data as of 7/31/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| BILT Return (NAV) | -0.3% | -1.4% | 18.3% | na | na | na |
| BILT Return (Price) | 0.6% | -0.7% | 18.9% | na | na | na |
| NAV +/- Price Return | -0.928% | -0.727% | -0.591% | na | na | na |
| Infrastructure Avg | -2.8% | -1.9% | 18.7% | 13.0% | 10.2% | 9.3% |
| BILT Grade (NAV) | C | C | B | na | na | na |
| +/- Category (NAV) | 2.5% | 0.5% | -0.4% | na | na | na |
| BILT Tax-Cost Ratio | na | na | 2.1% | na | na | na |
BILT Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| BILT Return (NAV) | 13.4% | na | na | na | na | na | na | na | na | na | na |
| BILT Return (Price) | 14.3% | na | na | na | na | na | na | na | na | na | na |
| NAV +/- Price Ret | 0.065% | na | na | na | na | na | na | na | na | na | na |
| Infrastructure Avg | 13.9% | 21.7% | 7.2% | 11.3% | -4.1% | 20.7% | 6.3% | 27.8% | -11.8% | 18.0% | 14.9% |
| BILT Grade (NAV) | B | na | na | na | na | na | na | na | na | na | na |
| +/- Category | -0.4% | na | na | na | na | na | na | na | na | na | na |
| Risk Measures | |
| Beta: | na |
| R-Squared: | na |
| Standard Deviation: | na |
| Category Risk Index: | na |
| Category Risk Rating: | |
| Total Risk Index: | na |
| Total Risk Rating: | |
| Portfolio Characteristics | |
| Yield: | 2.0% |
| Total Assets: | $ 110 Mil |
| Share Class Assets: | $ 110 Mil |
| Turnover: | 188.0% |
| Expense Ratio: | 0.60% |
| Index Fund: | No |
| Index Tracked: | N/A |
| Index Weighting: | 200% |
| Leveraged: | No |
| Socially Responsible Fund: | No |
| Capital Gains Distribution Frequency: | Annually |
| Income Distribution Frequency: | Annually |
Management Team
| Number of Managers: 2 | |||
| Longest Tenure: 1.0 years | |||
| Average Tenure: 0.8 years | |||
| Managers (Year): Morrison Balfe (2025), Domini Mathias (2025) | |||
Portfolio Composition (as of 7/31/26)
| # of Holdings: | 197 |
| % in Top 10 Holdings: | 40.5% |
| Fund is Non-Diversified: | Yes |
| % in Foreign Issues: | 40.1% |
Portfolio Allocation |
|
| Domestic Stock: | 59.3% |
| Foreign Stock: | 40.1% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | 0.6% |
Purchase Information
| Legal Structure: | Open Ended Investment Company |
| Fund Family: | BlackRock |
| Phone Number: | 800-474-2737 |
| Website: | www.blackrock.com |
| Inception Date: | July 29, 2025 |
Expenses and Fees
| Expense Ratio (%): | 0.60% (Rating: Above Avg) |
| Category Average Expense Ratio (%): | 0.53% |
