# iShares Managed Futures Active ETF (ISMF) — Overview

ISMF · BATS · Fund

Canonical page: https://www.lighthorse.io/tickers/ismf

## Price

Last close $28.70 on Oct 15, 2026. 52-week range $25.75 – $29.16.

## Fund profile

ISMF is an actively managed fund that seeks to deliver differentiated returns from traditional stocks and bonds by investing long and short in futures contracts and futures-related instruments across global markets and asset classes.

| Metric | Value |
| --- | --- |
| Issuer | BlackRock Fund Advisors |
| Industry | — |
| Inception | Mar 12, 2025 |
| Assets under management | $38.2M |
| Expense ratio | 0.80% |
| Net asset value | $29.03 (as of Oct 13, 2026) |
| Distributions | Annually |
| Leverage | 1x |

## Frequently Asked Questions

### What is iShares Managed Futures Active ETF (ISMF)?

ISMF is an actively managed fund that seeks to deliver differentiated returns from traditional stocks and bonds by investing long and short in futures contracts and futures-related instruments across global markets and asset classes.

### What is ISMF's expense ratio?

iShares Managed Futures Active ETF charges an annual expense ratio of 0.80%. The fund is issued by BlackRock Fund Advisors.

### How large is ISMF?

iShares Managed Futures Active ETF manages $38.2M in assets and has traded since Mar 12, 2025.

### How do I buy shares of iShares Managed Futures Active ETF (ISMF)?

ISMF trades commission-free with a Light Horse Securities brokerage account — from the mobile app, the web at [Light Horse Dashboard](https://portal.lighthorse.io), the trading API, or an [AI agent connected over MCP](/instructions/ai/claude). The trade panel on this page places the order once you are signed in.

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Quotes and charts are not real-time and must not be relied on for trade decisions or valuation.

This page is for informational purposes only. Nothing on it is a recommendation, solicitation or offer to buy or sell any security, nor investment, legal or tax advice. Light Horse Securities Inc does not verify third-party data and is not responsible for its accuracy, completeness or timeliness.

Data provided by [AInvest](https://www.ainvest.com).