TECB

iShares US Tech Breakthrough Multisector ETF

TECB tracks an index of US equities that could benefit from breakthrough technologies, modified market cap weighted.


Rules-Based, Semi-Diverse

MANAGEMENT MATRIX

IGM

CLOSEST COMP

FACTOR SCORECARD

SIZE
VALUE
YIELD
MOMENTUM
VOLATILITY
QUALITY
Fund Basics
Fund sponsorBlackrock
CategoryUS Equities
Asset classEquity
Websitelink...
Inception dateJan 08, 2020
Assets (mns)$348
Expense ratio40 bp
CurrencyUSD
Sector Breakdown
Fund Structure
RegulationOpen-Ended Fund
DistributionsNone
Taxation1099
Stock selectionFundamental
WeightingTiered
Holdings TransparencyFull
Derivatives-basedNo
Options availableYes
Currency hedgedNo
Fund of fundsNo
Top 10 Holdings Complete list  + 
META PLATFORMS INC 5.6 %
NVIDIA CORP 4.6 %
SALESFORCE.COM INC 4.3 %
AMAZON.COM INC 4.1 %
APPLE INC 3.9 %
ALPHABET INC. CLASS A 3.9 %
REGENERON PHARMACEUTICALS 3.8 %
MICROSOFT CORP 3.7 %
ORACLE CORP 3.6 %
MODERNA, INC. 3.3 %
Constituent Breakdown
Number of holdings183
Herfindahl-Hirschman Index 253
Wgt avg mkt cap (mns)$386,363
Large cap (>$10bn)93.5%
Mid cap ($2-10bn)4.8%
Small cap (<$2bn)1.3%
Developed mkts.98.1%
Emerging mkts.2.0%
Country Exposure
UNITED STATES 97.1 %
ARGENTINA 1.4 %
Historical Performance


Standardized Annual Returns (as of 01/31/2023)
YTD1 YR2 YR3 YR5 YR10 YRIncep.
12.5% -17.7% -6.2% 7.2% -- -- 7.2%
Market Correlations
versus...BetaR-squared
S&P 5001.0383%
MSCI EAFE0.9062%
MSCI Emg Mkts0.7142%
Liquidity Measures
Avg. volume (000)25
Turnover0.2%
Avg. Bid/Ask (% of price)0.09%
ADV of underlying (mns)$53,084
Technical Indicators
Recent close$31.68
30d moving avg.$29.45
Annualized volatility24.4%
Relative strength (RSI)67
Short interest (ETF)0.3%
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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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 -- -- -- -- -- -- --
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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 --%
4.5 28.9 4.8 0.6% --
Based on closing prices from 2/8/2023
Historical Valuation Trends Sample data. Subscribe for access.

SHOWING:
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

4.6%

Cat. Avg

5.9%

Fund Category: US Equities

Avg. Return on Equity--%
Divided by: Fwd. P/BV--x
Less: Expenses-- bp
Equals: ALTAR Score™4.6%
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 870 funds in the US Equities category, with an average ALTAR Score™ of 5.9% and a standard deviation of 2.7%. TECB's ALTAR Score™ is approximately 0.5 standard deviations below the category average. This places TECB in the 32nd percentile among funds in the category.
Consensus Recommendation

Sell-side recommendations on the ETF's individual constituents

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



Recent Trends


Breakdown

 

Market Activity
Latest price
Change
Volume
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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 8.6 48.6
Peer Avg. -- -- --
  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.