ISMF ETF — iShares Managed Futures Active ETF

iShares Managed Futures Active ETF (ISMF)

Updated October 16, 2026.

ISMF is an ETF. its trailing-12-month yield is 5.71%, its expense ratio is 0.80%. Dividend Vision Distribution Safety Score™ is 50/100 (Unproven). Total return is 21.7% over the past 1.6 years, 19.4 points behind SPY at 41.1%.

iShares Managed Futures Active ETF is an actively managed fund that invests at least 80% of its assets in futures contracts and futures-related instruments across global markets, including equities, fixed income, currencies, and commodities, following a trend-based strategy. The fund carries an expense ratio of 0.80% and makes distributions on an annual basis, though the most recent distribution was special and may not recur regularly. This fund appeals to investors seeking exposure to diversified asset classes through a systematic trend-following approach rather than traditional buy-and-hold strategies.

ISMF performance versus SPY

Price and return data through 2026-10-16.

Total return is 21.7% over the past 1.6 years, 19.4 points behind SPY at 41.1%. Over the past year its total return — price change plus distributions reinvested — is 13.5%. Its deepest 1-year drawdown was 3.9%.

ISMF key facts

Distribution Safety Score™

50 · Unproven

Issuer

iShares

Asset type

ETF

Asset class

Fixed Income

Inception date

03/12/2025

Expense ratio

0.80%

Distribution frequency

Annual

Trailing yield

5.71%

Last close

$28.67 (as of 2026-10-16)

AUM

$38,326,336

Average volume

1982.0

Dividend

$1.638

Ex-dividend date

12/16/2025

Payment date

12/19/2025

How Dividend Vision calculates yield and returns

Distribution rate (the posted rate) uses calculation basis unavailable. Issuer rates can use a different denominator and date, including ex-date NAV. Trailing-12-month yield (5.71%) is the sum of split-adjusted cash distributions with ex-dates in the last 12 months, divided by the published price. It lags a recent raise or cut. Total return uses split-adjusted close with distributions reinvested on the ex-dividend date (a modeling convention, not the cash-settlement date) from the first stored bar on or after inception through the latest bar, compared with the same window on the benchmark. That is the security's total return, not your personal gain/loss.

Yield and safety methodology · Distribution rate methodology · Distribution Safety Score methodology

Sources and review

Primary sources: iShares or company page; prices and distributions from Dividend Vision, derived from vendor EOD data.

Reviewed by Bert Sweet, CEO and Co-owner of Dividend Vision. Methodology: Distribution Safety Score.

ISMF risks and drawbacks

Payments are annual, so cash flow is lumpy versus a monthly fund. Total return has trailed SPY over the available window. The deepest 1-year drawdown on record here is 3.9%.

Who may consider ISMF — and who may not

It is a weaker fit for investors who need monthly cash flow (ISMF pays annual); investors whose main goal is matching SPY total return. This is educational context, not a recommendation to buy or sell.

More on ISMF

• All tickers starting with I

Tagged: Fixed Income.

Frequently asked questions

More securities from iShares.