Key Highlights

  • The fund is actively managed and holds 190 positions in large U.S. companies.
  • It sells call Options on a large-cap Equity index, which generates premium income.
  • The expense ratio is 0.35%, and net Assets stood at about US$1.50 billion.
  • The fund pays distributions monthly, with a current distribution rate of 6.76%.

The iShares U.S. Large Cap Premium Income Active ETF (CBOE:BALI) aims to provide income with lower Volatility than the broader U.S. equity market. It combines actively selected Large-Cap Stocks with an options strategy that sells call options on a large-cap equity index. The fund closed at $32.86 on 6 November 2026, with a net asset value of $32.85.

Fund detail

Data (as stated on the fund page)

Exchange

Cboe BZX

Closing price (6 Nov 2026)

$32.86

Net asset value (6 Nov 2026)

$32.85

Net assets (6 Nov 2026)

$1,496.5 million

Expense ratio

0.35%

Number of holdings

190

Benchmark index

S&P 500 Index

Fund inception

26 September 2023

Distribution frequency

Monthly

30-day SEC Yield (30 Sep 2026)

1.09%

How the options strategy operates

When the fund sells call options, it receives a premium, but it gives up some profit if the market rises above the strike price. The premium may not offset losses if the stock portion declines, and the value of the written options does not necessarily move in line with the underlying index day to day.

The portfolio's largest equity positions include Apple at 6.55%, NVIDIA at 6.45% and Microsoft at 5.71%, with a Money Market fund holding 3.11%.

Costs and trading

The expense ratio is 0.35%, and the fund had 45.6 million shares outstanding on 6 November 2026. Daily Volume was about 1.4 million shares, and the 30-day median bid-ask spread was 0.03%. The premium on the day was 0.04%.

Distributions and holdings structure

The fund pays distributions monthly. Its 30-day SEC yield as of 30 September 2026 was 1.09%, and its current distribution rate as of 5 November 2026 was 6.76%. The fund's documents note that distribution rates can fluctuate with tax treatment, option premiums and fund share changes.

Final Word

BALI combines active stock selection with an options overlay, which shapes both its income profile and its exposure to upside moves in the S&P 500. Its distribution rate and holdings will change as the portfolio is managed.