TECB
iShares US Tech Breakthrough Multisector ETF
TECB tracks an index of US equities that could benefit from breakthrough technologies, modified market cap weighted.
Fund Basics
Fund sponsor | Blackrock |
Category | US Equities |
Asset class | Equity |
Website | link... |
Inception date | Jan 08, 2020 |
Assets (mns) | $291 |
Expense ratio | 40 bp |
Currency | USD |
Sector Breakdown
Fund Structure
Regulation | Open-Ended Fund |
Distributions | None |
Taxation | 1099 |
Stock selection | Fundamental |
Weighting | Tiered |
Holdings Transparency | Full |
Derivatives-based | No |
Options available | Yes |
Currency hedged | No |
Fund of funds | No |
Top 10 Holdings
Complete list +
REGENERON PHARMACEUTICALS | 4.5 % |
META PLATFORMS INC | 4.4 % |
NVIDIA CORP | 4.2 % |
ALPHABET INC. CLASS A | 4.2 % |
AMAZON.COM INC | 4.2 % |
ADOBE SYSTEMS INC | 3.9 % |
SALESFORCE.COM INC | 3.9 % |
APPLE INC | 3.9 % |
MICROSOFT CORP | 3.8 % |
ORACLE CORP | 3.7 % |
Constituent Breakdown
Number of holdings | 167 |
Herfindahl-Hirschman Index | 259 |
Wgt avg mkt cap (mns) | $544,882 |
Large cap (>$10bn) | 93.9% |
Mid cap ($2-10bn) | 4.6% |
Small cap (<$2bn) | 1.3% |
Developed mkts. | 98.3% |
Emerging mkts. | 1.7% |
Country Exposure
UNITED STATES | 97.3 % | |
ARGENTINA | 1.3 % |
Historical Performance
Standardized Annual Returns (as of 08/31/2023)
YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. |
---|---|---|---|---|---|---|
42.3% | 33.0% | -4.9% | 5.5% | -- | -- | 13.2% |
Market Correlations
versus... | Beta | R-squared |
S&P 500 | 1.11 | 77% |
MSCI EAFE | 0.87 | 50% |
MSCI Emg Mkts | 0.73 | 33% |
Liquidity Measures
Avg. volume (000) | 69 |
Turnover | 0.9% |
Avg. Bid/Ask (% of price) | 0.07% |
ADV of underlying (mns) | $75,899 |
Technical Indicators
Recent close | $35.99 |
30d moving avg. | $37.82 |
Annualized volatility | 22.6% |
Relative strength (RSI) | 45 |
Short interest (ETF) | 0.1% |
Short interest (underlying) | 2.7% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
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Comparable ETFs Based on Overlap
Ticker | Fund Name | Overlap vs. TECB |
Expenses vs. TECB |
ALTAR Score™ vs. TECB |
---|---|---|---|---|
XNTK | SPDR NYSE Technology ETF | 50.1% | -5 bp | -0.5% |
XPND | First Trust Expanded Technology ETF | 46.7% | +25 bp | +0.4% |
IGM | iShares Expanded Tech Sector ETF | 46.6% | +1 bp | +0.3% |
IYW | iShares U.S. Technology ETF | 45.5% | -1 bp | +0.3% |
IETC | iShares Evolved U.S. Technology ETF | 43.3% | -22 bp | +0.2% |
QGRW | WisdomTree U.S. Quality Growth Fund | 43.1% | -12 bp | +0.5% |
AIQ | Global X Future Analytics Tech ETF | 40.3% | +28 bp | +0.0% |
LRND | IQ U.S. Large Cap R&D Leaders ETF | 39.9% | -26 bp | +2.2% |
LRGE | ClearBridge Large Cap Growth ESG ETF | 39.7% | +19 bp | -1.4% |
QQQM | Invesco NASDAQ 100 ETF | 39.5% | -25 bp | +0.3% |
Risk and Returns: TECB vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
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Results & Estimates
2018 | 2019 | 2020 | 2021 | 2022 | 2023E | 2024E | ||
---|---|---|---|---|---|---|---|---|
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
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Valuation Metrics
2022 | 2023E | Fwd Est | 2024E | |
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 | --% |
Based on closing prices from 9/26/2023
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Price-to-Earnings
Price-to-Sales
Price-to-Book Value
Price-to-Cash Flow
Price-to-Growth
Dividend Yield
Historical Valuation Trends Sample data. Subscribe for access.
SHOWING:
Price-to-Earnings
Price-to-Earnings
TECB
Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.
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ETF Research Center Fund Rating
Our measure of an ETF's overall investment merit
ALTAR Score™
TECB
4.8%
Cat. Avg
6.5%
Fund Category: US Equities
Avg. Return on Equity | --% |
Divided by: Fwd. P/BV | --x |
Less: Expenses | -- bp |
Equals: ALTAR Score™ | 4.8% |
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 898 funds in the US Equities category, with an average ALTAR Score™
of 6.5% and a standard deviation of
3.1%. TECB's ALTAR Score™ is approximately
0.5 standard deviations
below
the category average. This places TECB in the 30rd percentile among funds in the category.
Consensus Recommendation
Sell-side recommendations on the ETF's individual constituents
Composite
TECB
Peer Average
Recent Trends
SELL
U/W
HOLD
O/W
BUY
Recent Trends
Breakdown
Market Activity
Latest price | |
Change | |
Volume | |
Bid/Ask Spread | |
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Today's Trading
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Total Cost of Ownership (TCO) Comparison
Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
---|---|---|---|
TECB | 40.0 | 6.9 | 46.9 |
Peer Avg. | -- | -- | -- |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .