ETF Evaluator: iShares Large Cap Core Active ETF () Follow This ETF

iShares Large Cap Core Active ETF Overview

iShares Large Cap Core Active ETF (BLCR) is an actively managed U.S. Equity Large Blend exchange-traded fund (ETF). BlackRock launched the ETF in 2023.

The investment seeks to maximize total return. Under normal circumstances, the fund invests at least 80% of its net assets plus the amount of any borrowings for investment purposes in large cap equity securities and derivatives that have similar economic characteristics to such securities. The fund primarily seeks to buy common stock and may also invest in preferred stock. The fund is non-diversified.

About iShares Large Cap Core Active ETF (BLCR)

There are 2 members of the management team with an average tenure of 2.06 years: Sally Du (2024) and Ibrahim Kanan (2024). Management tenure is more important for actively managed ETFs than passive index ETFs.

The ETF has 1 primary benchmark: Russell 1000 TR USD index with a weighting of 100%. iShares Large Cap Core Active ETF has 45 securities in its portfolio. The top 10 holdings constitute 45.5% 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 Large Cap Core Active ETF is part of the Equity global asset class and is within the U.S. Equity ETF group. iShares Large Cap Core Active ETF has 3.5% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 94.1% There is 3.5% 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 Large Cap Core Active ETF has 2.4% of the portfolio in cash.

Assets Under Management

The fund has $6 billion in total assets, which is below the $13 billion average for the Large Blend 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.

BLCR 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 Large Cap Core Active ETF expense ratio is below average compared to funds in the Large Blend category. iShares Large Cap Core Active ETF has an expense ratio of 0.36%, which is 13% lower than its category average, making the fund expense ratio grade a C. 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 Large Cap Core Active ETF has a portfolio turnover rate of 94%, which indicates that it holds its assets around / 0.0 years. By way of comparison, the average portfolio turnover is 158% for the Large Blend category.

Recently, in the month of July 2026, iShares Large Cap Core Active ETF returned -3.6%, which earned it a grade of F, as the Large Blend category had an average return of -0.8%. 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 Large Cap Core Active ETF has a trailing yield of 0.29%, which is below the 1.16% category average. The fund normally distributes its income quarterly 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 Large Cap Core Active ETF Grades

Year to date, the ETF has returned 15.0%, 5.4 percentage points better than the category, which translates into a grade of A. The fund has returned 30.4% over the past year (grade of A).

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