TECB

iShares U.S. Tech Breakthrough Multisector ETF

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


US

EQUITY

Rules-Based

MANAGEMENT STYLE

449.8 M

ASSETS UNDER MGMT

40 bp

EXPENSES
Fund Basics
Fund sponsorBlackrock
CategoryUS
Asset classEquity
Websitelink...
Inception dateJan 08, 2020
Assets (mns)$450
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  + 
NETFLIX INC 4.9 %
SALESFORCE.COM INC 4.5 %
ORACLE CORP 4.3 %
APPLE INC 4.3 %
META PLATFORMS INC 4.1 %
NVIDIA CORP 4.1 %
AMAZON.COM INC 4.0 %
MICROSOFT CORP 3.5 %
ALPHABET INC. CLASS A 3.4 %
PALO ALTO NETWORKS INC 3.3 %
Constituent Breakdown
Number of holdings166
Herfindahl-Hirschman Index 265
Wgt avg mkt cap (mns)$662,688
Large cap (>$10bn)95.5%
Mid cap ($2-10bn)4.1%
Small cap (<$2bn)0.4%
Developed mkts.98.1%
Emerging mkts.1.9%
Country Exposure
UNITED STATES 97.0 %
ARGENTINA 1.4 %
Historical Performance


Standardized Performance (as of 11/30/2024)
 YTD1 YR2 YR3 YR5 YR10 YRIncep.
Total Returns 28.3% 35.8% 37.0% 9.1% -- -- 17.9%
Volatility 17.7% 17.2% 20.2% 25.3% -- -- --
Market Correlations
versus...BetaR-squared
S&P 5001.2181%
MSCI EAFE0.9549%
MSCI Emg Mkts0.7832%
Liquidity Measures
Avg. volume (000)25
Turnover0.3%
Avg. Bid/Ask (% of price)0.07%
ADV of underlying (mns)$120,022
Technical Indicators
Recent close$55.87
30d moving avg.$51.71
Annualized volatility23.6%
Relative strength (RSI)52
Short interest (ETF)0.0%
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
  2019 2020 2021 2022 2023 2024E 2025E  
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
  2023 2024E Fwd Est 2025E
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 --%
5.3 28.6 5.5 0.6% --
Based on closing prices from 12/12/2024
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 Rating

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.

ALTAR Score™

TECB

3.8%

Cat. Avg

5.4%


ALTAR Score™ Calculation

Category Overview
There are 977 funds in the US Equity category, with an average ALTAR Score™ of 5.4% and a standard deviation of 2.4%. TECB's ALTAR Score™ is approximately 0.7 standard deviations below the category average. This places TECB in the 25th percentile among funds in the category.
Sell Side Consensus Rating

Sell-side recommendations on the ETF's individual constituents

TECB
Peer Average
SELL
U/W
HOLD
O/W
BUY
Factor Scorecard

SIZE
VALUE
YIELD
MOMENTUM
VOLATILITY
QUALITY
Expense Analysis

Peer Group Rules-Based
US Equity ETFs
# of ETFs 609
Avg. Expense Ratio 46.6 bp
Std. Deviation 32.9 bp
TECB (40 bp) Percentile rank 42
Peer Group Expense Ratio Distribution


Total Cost of Ownership (TCO) Comparison
Expense (bp)
(A)
Avg. Bid/Ask (bp)
(B)
TCO (bp)
(A)+(B)
TECB 40.0 7.0 47
Peer Avg. 37.1 14.9 52.1
  For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .