IETCiShares Evolved U.S. Technology ETF
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.
IETC Summary Data
IETC Portfolio Data
IETC Index Data
IETC Portfolio Management
IETC Tax Exposures
IETC Fund Structure
IETC Factset Analytics Block Liquidity
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 Sector/Industry Breakdown
IETC Economic Development
IETC Performance Statistics
IETC MSCI ESG Ratings
IETC Benchmark Comparison Summary
IETC Benchmark Comparison Market Cap Size