iShares A.I. Innovation and Tech Active ETF (NYSEARCA:BAI) Spans the AI Tech Stack With 48 Actively Managed Holdings

Sonal Goyal

27 October 2026 05:28 PM AEDT

iShares A.I. Innovation and Tech Active ETF (NYSEARCA:BAI) Spans the AI Tech Stack With 48 Actively Managed Holdings

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Key Highlights

iShares A.I. Innovation and Tech Active ETF (NYSEARCA:BAI) had net assets of about $12.82 billion and a NAV of $41.34 as of Oct 26, 2026.
The fund tracks the no index (actively managed) with an expense ratio of 0.65%.
Its 30-day SEC yield was -0.31%, with semi-annual distributions.

The iShares A.I. Innovation and Tech Active ETF (NYSEARCA:BAI) seeks active exposure to companies enabling, developing and deploying advanced artificial intelligence technologies. As of Oct 26, 2026, net assets were about $12.82 billion and NAV was $41.34 per share.

Index and Investment Approach

The fund covers the AI tech stack, which iShares describes as infrastructure, intelligence, and apps and services. It launched on Oct 21, 2024, is managed by Tony Kim and Reid Menge, and does not track an index. The gross expense ratio of 0.65% is reduced to 0.55% after a 0.10% fee waiver.

Portfolio Composition

Semiconductor companies lead the 48 holdings: Micron Technology (6.14%), Nvidia (5.68%), Advanced Micro Devices (5.35%), Taiwan Semiconductor Manufacturing (5.01%) and Broadcom (4.42%).

Yield and Distribution Details

The 30-day SEC yield was -0.31% (-0.40% unsubsidized) as of Sep 30, 2026, while the 12-month trailing yield was 1.26%. Distributions are semi-annual: $0.593347 per share on Dec 19, 2025 and none on Jun 18, 2026.

Yield and Distributions

The fund reported a 30-day SEC yield of -0.31% as of Sep 30, 2026 and a 12-month trailing yield of 1.26%. Distributions are paid semi-annual. The most recent distribution was $0.000000 per share, with an ex-date of Jun 15, 2026 and payment on Jun 18, 2026. iShares notes that distribution yield and trailing yield can vary from period to period for reasons such as tax treatment and changes in fund shares outstanding.

Portfolio Characteristics

As of Oct 23, 2026 the portfolio held 48 securities.

Concentration and Holdings Profile

48 securities were held as of Oct 23, 2026. The five largest positions listed on the fund page totalled about 26.60% of assets, leaving roughly 73.40% across the remaining holdings. That is a moderate level of concentration at the top of the portfolio. iShares notes that holdings are subject to change and that the weights shown are calculated from vendor prices, which may differ from the fund’s own valuation prices.

Fund Details at a Glance

The iShares A.I. Innovation and Tech Active ETF (NYSEARCA:BAI) is a actively managed equity fund that began trading on Oct 21, 2024. Its benchmark is no index (actively managed), and it pays distributions semi-annual. As of Oct 26, 2026 it had 310.16 million shares outstanding and net assets of $12,821,052,790. An annual fee of 0.65% works out to $65 for every $10,000 held, before any brokerage commissions.

Risk Disclosures Noted by iShares

The fund is actively managed and does not seek to replicate the performance of a specified index, may have higher portfolio turnover and may charge higher fees than index funds due to increased trading and research expenses. There is no guarantee that it will meet its investment objective. AI technology relies on large data sets, which can lead to inaccuracies, and companies in AI face competition, rapid obsolescence and potential regulatory scrutiny. Technology companies may be subject to severe competition and product obsolescence. Shares of ETFs are bought and sold at market price rather than NAV and are not individually redeemed from the fund, and brokerage commissions will reduce returns. Investing involves risk, including possible loss of principal.

Costs and Trading Details

The expense ratio is 0.65%. The fund is listed on NYSE Arca with 310.16 million shares outstanding and net assets of $12,821,052,790 as of Oct 26, 2026. The closing price was $41.35 as of Oct 26, 2026, against a NAV of $41.34 on Oct 26, and the premium/discount was 0.03. The 30-day median bid/ask spread was 0.02% and 30-day average volume was 3,542,566 shares.

The Bottom Line

iShares A.I. Innovation and Tech Active ETF (NYSEARCA:BAI) reported net assets of about $12.82 billion and 48 holdings, with its index, fees and distribution schedule as set out above. The semi-annual distribution schedule, 0.65% expense ratio and 0.02% median bid/ask spread are the main cost and income details reported for the fund.

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