Highlights

  • IYLD targets income generating Assets across equities and fixed income.
  • The published expense ratio is 0.50%.
  • The fund's distribution frequency is monthly.

iShares Morningstar Multi-Asset Income ETF (Cboe BZX:IYLD) seeks exposure to income generating assets across equities and fixed income. With net asset value of USD 21.65 per share as of 2 November 2026, the fund reported net assets of USD 128,836,594 as of 2 November 2026. Its Investment approach centres on tracking the Morningstar Multi-Asset High Income Index.

Different Cash Flow Sources Share One Portfolio

A multi asset income mandate brings together exposures with different payment structures. Bond income depends on Debt contracts and issuer repayment, while Equity income depends on company distribution decisions. Combining them changes the mix of risks rather than creating a fixed payment promise. Portfolio holding counts also need context because a position can represent exposure to an investment vehicle containing many underlying securities.

Portfolio Composition and Exposure

IYLD reported 10 holdings as of 2 November 2026. The holdings count describes reported portfolio positions; it should not be interpreted as the number of individual stocks and bonds represented by those positions.

The published exposure breakdown as of 2 November 2026 included United States at 55.19% and Japan at 8.71%. These geographic weights help explain where the combined underlying exposures are located.

Fees and Distribution Policy

IYLD lists an expense ratio of 0.50%. This is an ongoing fund cost, rather than a charge covering every expense of buying or selling shares. Brokerage charges and the difference between buying and selling prices can add to an investor's transaction costs. Fund shares trade on Cboe BZX at market prices, which may differ from net asset value.

The stated distribution frequency is monthly. That schedule describes the timing framework for payments and does not establish a fixed amount. Distributions depend on the fund's available income and applicable distribution decisions. A cash payment also needs to be considered alongside changes in the value of the investment.

Key Insights

Equity declines, Credit deterioration and Interest Rate changes can occur together. A multi asset structure can therefore experience simultaneous pressure across several income sources and does not guarantee stable distributions. IYLD combines equity and fixed income sources of cash flow, making the underlying asset allocation more informative than its headline holding count.