IETC

iShares Evolved U.S. Technology ETF
*Unless otherwise stated, data provided by FactSet.

IETC Fund Description

IETC is an actively-managed, market-cap-weighted fund of large-, mid-, and small-cap US stocks in the technology sector, according to an alternative classification system defined by machine learning algorithms.

IETC Factset Analytics Insight

IETC provides exposure to US technology companies as part of a suite of alternative sector funds from iShares. The suite, which is actively-managed but follows a rules-based methodology, redefines the US market into “evolved” sectors by using artificial intelligence to scan through annual reports and identify groups of similar firms. The methodology weights holdings by market cap, but allows a single company’s weight to be split proportionally between funds (say, 70% in one and 30% in another) if it doesn’t fit neatly into one sector. Classifications are reviewed quarterly, and the sectors may change over time. The suite offers an intriguing alternative for those who want market-weighted sector exposure, though the results can be markedly conventional in some sectors.

IETC MSCI ESG Analytics Insight

iShares Evolved U.S. Technology ETF has an MSCI ESG Fund Rating of BBB based on a score of 5.03 out of 10. The MSCI ESG Fund Rating measures the resiliency of portfolios to long-term risks and opportunities arising from environmental, social, and governance factors. ESG Fund Ratings range from best (AAA) to worst (CCC). Highly rated funds consist of companies that tend to show strong and/or improving management of financially relevant environmental, social and governance issues. These companies may be more resilient to disruptions arising from ESG events.

The fund’s Peer Rank reflects the ranking of a fund’s MSCI ESG Fund Quality Score against the scores of other funds within the same peer group, as defined by the Thomson Reuters Lipper Global Classification. iShares Evolved U.S. Technology ETF ranks in the 28th percentile within its peer group and in the 25th percentile within the global universe of all funds covered by MSCI ESG Fund Ratings.

IETC MSCI FaCS and Factor Box

MSCI FaCS is a standard method for evaluating and reporting the Factor characteristics of equity portfolios including ETFs. The Factor Box includes 6 Factors that MSCI has identified that historically provided a return premium. On the vertical axis, the Factor Groups, are displayed and the horizontal axis displays the Factor exposure, overweight, underweight or neutral.

PERFORMANCE [as of 09/21/21] 1 MONTH 3 MONTHS YTD 1 YEAR 3 YEARS 5 YEARS 10 YEARS
IETC -0.54% 6.87% 20.77% 40.79% 28.03% -- --
IETC (NAV) -0.59% 6.79% 20.69% 40.58% 28.26% -- --
No Underlying Index -- -- -- -- -- -- --
Thomson Reuters US Technology -- -- -- -- -- -- --
All returns over 1 year are annualized. All returns are total returns unless otherwise stated.

IETC Summary Data

Blackrock
iShares
03/21/18
Open-Ended Fund
0.18%
$137.03M
$909.41K
0.06%

IETC Portfolio Data

$1,041.02B
39.20
10.66
0.36%
09/24/21
238

IETC Index Data

No Underlying Index
Proprietary
Proprietary
Thomson Reuters US Technology

IETC Portfolio Management

0.18%
--
--
--

IETC Tax Exposures

20.00% / 39.60%
0.07%
Qualified dividends
No

IETC Fund Structure

Open-Ended Fund
No
Yes
-- / --
N/A
N/A
Low
Daily

IETC Factset Analytics Block Liquidity

As of 09/22/21
5
4
3
2
1

This measurement shows how easy it is to trade a $1 million USD block of IETC. IETC is rated a 5 out of 5.

IETC Tradability

15,740
$909.41K
14,078
$784.61K
0.06%
$0.04
0.03%
0.28% / -0.29%
None
100.00%
50,000
0.28
0.05%
0.00%
16
$57.20
5

IETC Sector/Industry Breakdown


IETC
Segment Benchmark
60.10%
61.56%
12.78%
15.74%
10.24%
13.04%
6.07%
--
2.96%
0.15%
2.09%
2.54%
1.22%
0.55%
0.69%
--
0.39%
--
0.38%
0.81%

IETC Top 10 Holdings[View All]

Apple Inc. 12.02%
Adobe Inc. 2.23%
58.22%

IETC Countries


IETC
Segment Benchmark
99.98%
100.00%
0.02%
--

IETC Regions


IETC
Segment Benchmark
99.98%
100.00%
0.02%
--

IETC Economic Development


IETC
Segment Benchmark
100.00%
100.00%

IETC Performance Statistics

0.99
1.01
1.01
1.01
0.13%
Thomson Reuters US Technology

IETC MSCI ESG Ratings

5.03 / 10
24.62
27.86
0.12%
2.69%
19.01

IETC Benchmark Comparison Holdings

238
450
162
74.10%

IETC Benchmark Comparison Summary


IETC
Segment Benchmark
238
450
$1,041.02B
$963.32B
39.20
38.80
10.66
8.96
0.53%
0.70%
High
High

IETC Benchmark Comparison Market Cap Size


IETC
Segment Benchmark
97.17%
94.67%
2.81%
4.42%
0.02%
0.84%
0.00%
0.08%