ISMF – iShares Managed Futures Active ETF – ETF Investment Strategy | Morningstar

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Strategy

The investment seeks to maximize total return. Under normal market conditions, the fund will invest at least 80% of its net assets (plus any borrowing for investment purposes), based on notional value, in futures contracts and futures-related instruments, including, but not limited to, forward contracts. The manager will follow a trend strategy by investing in futures contracts and futures-related instruments, such as forward contracts, in global markets across a wide range of asset classes, including, but not limited to, equities, fixed income, currencies and commodities. The fund is non-diversified.

Ticker	Name	Share Class Type	Investment Status	Morningstar Rating for Funds Overall	Medalist Rating Overall	Inception Date	Total Net Assets for Share Class	Adjusted Expense Ratio	Fee Level Distribution	Minimum Initial Investment	1-Year Net Flow
ISMF	iShares Managed Futures Active ETF	ETF	Open	—	—	Mar 12, 2025	$59.01M	0.800%	—	—	$33.87M

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