iShares Systematic Alternatives Active ETF

Hedge-fund style strategies usually sit behind high fees and lockups. IALT tries to deliver something similar in a plain ETF. The actively managed fund uses quantitative models to take positions across equities, bonds, commodities and currencies in developed and emerging markets, chasing returns that do not simply track stocks or bonds. Systematic approaches like trend-following and carry sit behind this kind of alternatives mandate, and much of the portfolio is held in Treasury bills as collateral while the risk is expressed through derivatives. The appeal is diversification: because its returns come from these systematic bets rather than market direction, it can zig when a traditional 60/40 portfolio zags. It carries a higher expense ratio, near one percent, reflecting the complexity. BlackRock launched it in December 2025 for investors seeking a liquid alternative sleeve.

On MyRWA, IALT trades tokenized across 1 on-chain venue - see the listings below.