Summary
iShares Systematic Alternatives Active ETF is an ETF - a fund traded on an exchange like a stock - run by IShares. Positions inside: 1,935. The ten largest make up 59% of the fund.
- Yearly costs
- 0.99%
- Fund size
- $7.66B
- Positions
- 1,935
- Dividend yield
- 0.27%
- Running since
- 2025
What speaks for it
- A large fund with $7.66B under management.
- Easy to buy and sell: about $57.5M changes hands a day.
What to watch
- The ten largest positions make up 59% of the fund, so its result rests on a few names.
- 97% of the fund is in one country (United States).
- Costs of 0.99% a year are above the middle of comparable funds (0.75%).
- A young fund: it has been running only since 2025.
A fund has no Bulios Score and no Fair Price of its own - both are computed from the results of a single company. This page shows what is inside the fund and what it costs instead.
Price
Performance
- 1 month
- -0.5%
- 3 months
- +3.0%
- This year
- +17%
- Avg. market cap
- $159.4B
- P/E
- 16.7x
- Forward P/E
- 13.3x
- P/S
- 1.8x
- P/B
- 2.7x
- P/FCF
- 11.1x
- EV/EBITDA
- 10.4x
- Dividend yield
- 2.09%
- ROIC
- 15.7%
- ROE
- 23.7%
- Gross margin
- 43.7%
- Operating margin
- 21.3%
- Net margin
- 14.9%
- Payout ratio
- 35.0%
- Net debt/EBITDA
- 1.0x
- Beta
- 0.00
Weighted average of the 50 largest companies, which make up 28% of the fund. Banks and insurers are left out of the gross margin, the ROIC and the EBITDA figures.
What is inside?
Concentrated- 1 TREASURY BILL 04/15/2027 (TBILL) 14%
- 2 TREASURY BILL 08/05/2027 (TBILL) 12%
- 3 TREASURY BILL 10/20/2026 (TBILL) 9.3%
- 4 TREASURY NOTE 3.50% 10/15/2028 (TNOTE) 4.4%
- 5 TREASURY BILL 05/13/2027 (TBILL) 3.7%
- 6 TREASURY BILL 02/04/2027 (TBILL) 3.6%
- 7 TREASURY BILL 07/08/2027 (TBILL) 3.2%
- 8 TREASURY BILL 06/10/2027 (TBILL) 3.1%
- 9 TREASURY BILL 01/12/2027 (TBILL) 2.5%
- 10 CASH COLLATERAL USD GSCFT 12/31/2049 (GSCFT) 2.5%
Positions in the fund: 1,935. The ten largest make up 59% of it.
Composition as of Oct 18, 2026.
Where is it spread?
One countryBy country
- United States 97%
- France 2.2%
- Italy 2.1%
- Germany 1.6%
- Other countries 4.5%
By company size
- Mega cap 14%
- Large cap 77%
- Mid cap 9.2%
By the company's market value: Mega cap from $200B, Large cap from $10B, Mid cap from $2B, Small cap from $300M, Micro cap below $300M.
Largest country: United States (97%). Largest size group: Large cap (77%).
What does it cost me?
Expensive- A year from $10,000
- $99.00
- Over 20 years
- $4,580
From every $10,000 invested the fund takes $99.00 a year. You do not pay it separately - it is taken out of the fund's value. Over 20 years at 5% yearly growth that adds up to about $4,580.
How has it done?
- Deepest drop
- -2.3%
- Yearly volatility
- 7.5%
It has traded for less than a year, too short to judge.
Does it pay dividends?
Yes, it pays out- Yield
- 0.27%
- Last payment
- $0.08
Over the last 12 months it paid $0.08 per share, which is 0.27% of today's price. The last payment was $0.08 on Jun 15, 2026.
Is it easy to buy and sell?
Very easy- Traded a day
- $57.5M
- Shares a day
- 1.9M
On an average day about $57.5M of the fund changes hands.
How expensive are the companies inside?
Usual valuation- P/E of the companies inside
- 16.7
- Average Bulios Score
- 68 out of 100
Weight by Bulios Fair Price
- Undervalued 33%
- Fairly valued 6.8%
- Overvalued 61%
On average the companies inside trade for 16.7 times their yearly profit. By Fair Price, 61% of the rated weight comes out as overvalued.
Counted from its largest companies (50), which make up 28% of the fund. Each company counts by its weight. We use the metrics, the Bulios Score and the Fair Price of the companies themselves.
Similar funds
Funds that hold much of the same. The overlap says how much of their weight they share with this fund.
| Fund | Domicile | Size | 1-year change | Dividends | ||
|---|---|---|---|---|---|---|
FN FNDX Schwab Fundamental U.S. Large Company ETF | United States | 0.25% | $28.3B | +22% | Pays out | 32% |
SC SCHV Schwab U.S. Large-Cap Value ETF | United States | 0.04% | $15.6B | +17% | Pays out | 32% |
PR PRF Invesco RAFI US 1000 ETF | United States | 0.34% | $10.1B | +22% | Pays out | 32% |
FN FNDB Schwab Fundamental U.S. Broad Market Index ETF | United States | 0.25% | $1.50B | +21% | Pays out | 32% |
XM XMAG Large Cap Ex-Mag 7 ETF | United States | 0.35% | $199.7M | +13% | Pays out | 32% |
VH VHYL.AS Vanguard FTSE All-World High Dividend Yield UCITS ETF (USD) Distributing | Ireland | 0.29% | $14.4B | +21% | Pays out | 31% |