IETC

iShares Evolved U.S. Technology ETF

The iShares Evolved US Technology ETF 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.


?

3.6%

ALTAR Score™
Trend in ALTAR Score™

IGM

Closest Comp

FACTOR SCORECARD

SIZE
VALUE
YIELD
MOMENTUM
VOLATILITY
QUALITY
Fund Basics
Fund sponsorBlackRock
CategoryUS Equities
Asset classEquity
Websitelink...
Inception dateMar 21, 2018
Assets (mns)$103
Expense ratio18 bp
CurrencyUSD
Sector Breakdown
Fund Structure
RegulationOpen-Ended Fund
DistributionsQuarterly
Taxation1099
Stock selectionMarket Cap
WeightingFundamental
Smart-betaNo
Derivatives-basedNo
Options availableNo
Currency hedgedNo
Fund of fundsNo
Top 10 Holdings Complete list  + 
MICROSOFT CORP 15.6 %
APPLE INC 11.2 %
AMAZON.COM INC 6.4 %
FACEBOOK 6.1 %
ALPHABET INC. CLASS A 5.0 %
ALPHABET INC. CLASS C 5.0 %
NVIDIA CORP 3.4 %
VISA INC-CLASS A SHARES 2.3 %
ADOBE SYSTEMS INC 2.0 %
SALESFORCE.COM INC 1.8 %
Constituent Breakdown
Number of holdings241
Herfindahl-Hirschman Index 542
Wgt avg mkt cap (mns)$966,982
Large cap (>$10bn)97.7%
Mid cap ($2-10bn)2.3%
Small cap (<$2bn)0.1%
Developed mkts.99.7%
Emerging mkts.0.3%
Country Exposure
UNITED STATES 97.1 %
IRELAND 1.2 %
Historical Performance


Standardized Annual Returns (as of 05/31/2021)
YTD1 YR2 YR3 YR5 YR10 YRIncep.
8.2% 43.4% 38.6% 27.1% -- -- 28.9%
Market Correlations
versus...BetaR-squared
S&P 5001.0688%
MSCI EAFE0.9467%
MSCI Emg Mkts0.7655%
Liquidity Measures
Avg. volume (000)18
Turnover0.9%
Avg. Bid/Ask (% of price)0.08%
ADV of underlying (mns)$147,161
Technical Indicators
Recent close$52.85
30d moving avg.$50.94
Annualized volatility20.9%
Relative strength (RSI)51
Short interest (ETF)0.0%
Short interest (underlying)1.7%
Distributions
Assets Under Management (mns)

Money Flows (mns)

Short Interest (as % of shares outstanding)

Long Money Flows (mns)

Top Ten Comparable ETFs only shown here. For an extended list become an Individual or Professional subscriber. Start your FREE trial

Content on this tab for Individual & Professional subscribers only. Start your FREE trial

Results & Estimates
  2016 2017 2018 2019 2020 2021E 2022E  
Sales per share -- -- -- -- -- -- --
  change (%) -- -- -- -- -- -- --
Earnings per share -- -- -- -- -- -- --
  change (%) -- -- -- -- -- -- --
Dividends per share -- -- -- -- -- -- --
  change (%) -- -- -- -- -- -- --
Book value per share -- -- -- -- -- -- --
  change (%) -- -- -- -- -- -- --
Return on Equity
Net Margins
EPS Revision Activity (6 mo. ago = 100%)
Compound Annual Growth Rates

Content on this tab for Individual & Professional subscribers only. Start your FREE trial

Valuation Metrics
  2020 2021E Fwd Est 2022E
Price-to-sales --x --x --x --x
Price-to-earnings --x --x --x --x
Price-to-cash flow --x --x --x --x
Price-to-growth --x --x --x --x
Price-to-book value --x --x --x --x
Yield --% --% --x --%
6.2 29.9 7.6 0.6% --
Based on closing prices from 6/11/2021
Historical Valuation Trends Sample data. Subscribe for access.

SHOWING:
Price-to-Earnings
IETC



Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.

Some content on this tab for Individual & Professional subscribers only. Start your FREE trial

ETF Research Center Fund Rating

Our measure of an ETF's overall investment merit

ALTAR Score™

IETC

3.6%

Cat. Avg

4.6%

Fund Category: US Equities

Avg. Return on Equity--%
Divided by: Fwd. P/BV--x
Less: Expenses-- bp
Equals: ALTAR Score™3.6%
Recommendation

UNDERWEIGHT

Below average appreciation potential. A rating of UNDERWEIGHT is assigned to ETFs with ALTAR Scores in the 2nd quintile (ranking higher than only 20%-40%) of their category. Typically, funds in this category consist of stocks trading at relatively expensive valuations and/or having below-average fundamentals.

Category Overview
There are 772 funds in the US Equities category, with an average ALTAR Score™ of 4.6% and a standard deviation of 2.1%. IETC's ALTAR Score™ is approximately 0.5 standard deviations below the category average. This places IETC in the 32nd percentile among funds in the category.
Consensus Recommendation

Sell-side recommendations on the ETF's individual constituents

Composite
IETC
Peer Average
SELL
U/W
HOLD
O/W
BUY



Recent Trends


Breakdown

 

Market Activity
Latest price
Change
Volume
Bid/Ask Spread
Update
Today's Trading

Trading data provided for free by IEX. By accessing this data you agree to abide by their Terms of Service.


Total Cost of Ownership (TCO) Comparison
Expense (bp)
(A)
Avg. Bid/Ask (bp)
(B)
TCO (bp)
(A)+(B)
IETC 18.0 7.8 25.8
Peer Avg. 27.4 7.1 34.5
  For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .
Fundamental data for individual fund constituents sourced from FactSet Research Systems.