IETC

iShares Evolved U.S. Technology ETF
B

93
*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 doesn’t look dramatically different from our tech sector benchmark index. Still, the fund’s competitive fee could make it an attractive option.

IETC MSCI ESG Analytics Insight

iShares Evolved U.S. Technology ETF has an MSCI ESG Fund Rating of A based on a score of 6.73 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 84th percentile within its peer group and in the 80th percentile within the global universe of all funds covered by MSCI ESG Fund Ratings.

IETC CHARTS AND PERFORMANCE

Price Chart ($)
Total Return Chart (%)
  • 1 Month
  • 3 Months
  • YTD
  • 1 Year
  • 3 Years
  • 5 Years
  • Max
  • 1 Month
  • 3 Months
  • YTD
  • 1 Year
  • 3 Years
  • 5 Years
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COMPARE
RESET
Select ETFs to compare their performance:
PERFORMANCE [as of 08/19/19] 1 MONTH 3 MONTHS YTD 1 YEAR 3 YEARS 5 YEARS 10 YEARS
IETC -4.03% 1.18% 26.17% 7.96% -- -- --
IETC (NAV) -1.95% 3.61% 27.36% 9.33% -- -- --
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%
$15.91M
$334.37K
0.12%

IETC Portfolio Data

$460.16B
29.41
7.28
1.16%
09/24/19
213

IETC Index Data

No Underlying Index
Fundamental
Market Cap
Thomson Reuters US Technology

IETC Portfolio Management

0.18%
--
--
--

IETC Tax Exposures

20.00% / 39.60%
--
Qualified dividends
No

IETC Fund Structure

Open-Ended Fund
No
Yes
72% / 29%
N/A
N/A
High
Daily
Cboe Book Viewer
TOP OF BOOK
LAST 10 TRADES
Bats BZX Real-time Quote -
Daily Spread
Premium/Discount
Volume

IETC Factset Analytics Block Liquidity

As of 08/20/19
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

11,345
$334.37K
7,627
$229.33K
0.12%
$0.04
0.09%
1.33% / -1.26%
None
100.00%
50,000
0.15
0.10%
0.00%
--
$29.33
5

IETC Sector/Industry Breakdown


IETC
Segment Benchmark
60.52%
65.98%
9.88%
13.77%
8.91%
13.87%
7.59%
--
4.10%
4.77%
3.37%
--
1.47%
--
0.75%
--
0.55%
--
0.52%
--

IETC TOP 10 HOLDINGS[View All]

Apple Inc. 8.90%
57.5%

IETC Countries


IETC
Segment Benchmark
100.00%
100.00%

IETC Regions


IETC
Segment Benchmark
100.00%
100.00%

IETC Economic Development


IETC
Segment Benchmark
100.00%
100.00%

IETC Performance Statistics

0.99
0.99
1.00
0.99
0.13%
Thomson Reuters US Technology

IETC MSCI ESG Ratings

A
6.73 / 10
80.32
83.52
7.55%
4.98%
20.48

IETC BENCHMARK COMPARISON HOLDINGS

213
346
142
74.59%

IETC BENCHMARK COMPARISON SUMMARY


IETC
Segment Benchmark
213
346
$460.16B
$416.21B
29.41
27.19
7.28
6.68
0.94%
1.00%
High
High

IETC BENCHMARK COMPARISON MARKET CAP SIZE


IETC
Segment Benchmark
94.16%
90.39%
5.59%
7.70%
0.25%
1.77%
0.00%
0.14%