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Trending ETFs

iShares Exponential Technologies ETF

ETF
XT
Payout Change
Pending
Price as of:
$59.69 +0.49 +0.83%
primary theme
Sector Diversified Equity
XT (ETF)

iShares Exponential Technologies ETF

Payout Change
Pending
Price as of:
$59.69 +0.49 +0.83%
primary theme
Sector Diversified Equity
XT (ETF)

iShares Exponential Technologies ETF

Payout Change
Pending
Price as of:
$59.69 +0.49 +0.83%
primary theme
Sector Diversified Equity

Name

As of 03/27/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$59.69

$3.48 B

0.36%

$0.21

0.46%

Vitals

YTD Return

-0.3%

1 yr return

19.0%

3 Yr Avg Return

0.9%

5 Yr Avg Return

10.7%

Net Assets

$3.48 B

Holdings in Top 10

17.1%

52 WEEK LOW AND HIGH

$59.2
$48.21
$61.02

Expenses

OPERATING FEES

Expense Ratio 0.46%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 23.00%

Redemption Fee N/A


Min Investment

Standard (Taxable)

N/A

IRA

N/A


Fund Classification

Fund Type

Exchange Traded Fund


Name

As of 03/27/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$59.69

$3.48 B

0.36%

$0.21

0.46%

XT - Profile

Distributions

  • YTD Total Return -0.3%
  • 3 Yr Annualized Total Return 0.9%
  • 5 Yr Annualized Total Return 10.7%
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio 0.91%
DIVIDENDS
  • Dividend Yield 0.4%
  • Dividend Distribution Frequency Other

Fund Details

  • Legal Name
    iShares Exponential Technologies ETF
  • Fund Family Name
    BlackRock-advised Funds
  • Inception Date
    Mar 19, 2015
  • Shares Outstanding
    61100000
  • Share Class
    N/A
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Greg Savage

Fund Description

The Fund seeks to track the investment results of the Morningstar® Exponential Technologies IndexSM (the Underlying Index), which measures the performance of equity securities issued by companies that the Global Equity Research team of Morningstar, Inc. (the Index Provider or Morningstar) has determined are positioned to experience meaningful economic benefits as a supplier, user, or producer of promising technologies. Exponential technologies displace older technologies, create new markets and have the potential to effect significant economic impacts.
The Underlying Index is a subset of the Morningstar Global Markets Index (the Parent Index). The eligible universe of securities in the Underlying Index must be in the Morningstar Global Equity Index family and scored by Morningstar’s Equity Research analysts.
The Morningstar analysts perform fundamental research in order to score companies within the eligible universe along a four-point scale based on exponential technology themes that Morningstar believes have the potential to have significant economic benefits to producers and users. Analysts project whether exposure to the theme will drive a material net profit increase and then project the percentage revenue in five years the company will derive from exposure to the theme. For companies classified as producers, those projected to derive more than 50% revenue are assigned a score of 4. For companies classified as suppliers,those projected to derive more than 50% revenue are assigned a score of 3. For companies classified as producers or suppliers, those projected to derive between 25 and 50% revenue are assigned a score of 2. For companies classified as producers or suppliers, those projected to derive between 10 and 25% revenue are assigned a score of 1. For companies classified as downstream users and all others that are projected to derive less than 10% revenue are assigned a score of 0. As of October 12, 2023, Morningstar has identified nine exponential technology themes: big data and analytics, cloud computing, energy transition, fintech innovation, healthcare innovation, hyperconnectivity, nanotechnology, next gen transportation, and robotics. The themes are reviewed on an annual basis and may change over time. As a general matter, these themes focus on issuers that are either developing
resources for others or are advanced in their own applications in the following areas: processing and capturing customer or other business-related data, and analyzing and leveraging that data to grow the business; making information and applications available on a scalable, on-demand manner through the internet; working to abate global climate change and reduce greenhouse gases; searching for and acknowledging nontraditional emerging funding sources, platforms, currency, and stored and transferred value; unlocking the human genome; fueling rapid growth in connected devices and a need to push more data at faster transmission rates between users and devices; engineering and technology applications focused on manipulation of matter on an atomic, molecular or supramolecular level; replacing traditional human-operated, internal combustion engine-based vehicles; and engaging with the design, construction, operation, and application of robots.
Morningstar’s sector strategists, directors and selection committee review the scores assigned by the Morningstar analysts and may calibrate or revise the scores to ensure consistency in scoring across analysts, sectors, geographies and themes. Morningstar eliminates companies with average three-month trailing daily trading volume less than $2 million and/or float market capitalization of $300 million or less. Constituents are then ranked in descending order based on the number of themes in which a company scores a 4, the number of themes in which a company scores a 3, the number of themes in which a company scores a 2 and the number of themes in which a company scores a 1. Each company must receive a score
of 1 or higher on at least one of the targeted themes to be included in the Underlying Index. Current index constituents are given preference and smaller market capitalization is preferred over larger market capitalization. To ensure representation across each theme, Morningstar prioritizes theme leaders for inclusion in the Underling Index. Morningstar identifies Theme Leaders by prioritizing up to the top 10 scoring companies within each theme based on the following descending order of preference: highest thematic score, with preference given to existing index constituents and smaller market capitalization over larger market capitalization. From this prioritization, companies are added to the list of constituents until the Underlying Index has 200 constituents.
After selection and weighting of the portfolio, 90% of index weight at the time of reconstitution must have a score of 2 in at least one theme.
The Underlying Index is equal weighted and is reconstituted and rebalanced annually.
The Underlying Index includes large-, mid- and small-capitalization companies and may change over time. As of July 31, 2023, a significant portion of the Underlying Index is represented by securities of companies in the healthcare and technology industries or sectors. The components of the Underlying Index are likely to change over time. As of July 31, 2023, the Underlying Index consisted of securities from the following 19 countries or regions: Australia, Canada, Chile, China, Denmark, Finland, France, Germany, Israel, Italy, Japan, the Netherlands, South Korea, Spain, Sweden,
Switzerland, Taiwan, the United Kingdom (the U.K.) and the U.S.
BFA uses an indexing approach to try to achieve the Fund’s investment objective. Unlike many investment companies, the Fund does not try to beat the index it tracks and does not seek temporary defensive positions when markets decline or appear overvalued.
Indexing may eliminate the chance that the Fund will substantially outperform the Underlying Index but also may reduce some of the risks of active management, such as poor security selection. Indexing seeks to achieve lower costs and better after-tax performance by aiming to keep portfolio turnover low in comparison to actively managed investment companies.
BFA uses a representative sampling indexing strategy to manage the Fund. Representative sampling is an indexing strategy that involves investing in a representative sample of securities that collectively has an investment profile similar to that of an applicable underlying index. The securities selected are expected to have, in the aggregate, investment characteristics (based on factors such as market capitalization and industry weightings), fundamental characteristics (such as return variability and yield) and liquidity measures similar to those of an applicable underlying index. The Fund may or may not hold all of the securities in the Underlying Index.
The Fund generally will invest at least 80% of its assets in the component securities of its Underlying Index and in investments that have economic characteristics that are substantially identical to the component securities of its Underlying Index (i.e., depositary
receipts representing securities of the Underlying Index) and may invest up to 20% of its assets in certain futures, options and swap contracts, cash and cash equivalents, including shares of money market funds advised by BFA or its affiliates, as well as in securities not included in the Underlying Index, but which BFA believes will help the Fund track the Underlying Index. Cash and cash equivalent investments associated with a derivative position will be treated as part of that position for the purposes of calculating the percentage of investments included in the Underlying Index. The Fund seeks to track the investment results of the Underlying Index before fees and expenses of the Fund.
The Fund may lend securities representing up to one-third of the value of the Fund's total assets (including the value of any collateral received).
The Underlying Index and the Parent Index are sponsored by Morningstar, which isindependent of the Fund and BFA. The Index Provider determines the composition and relative weightings of the securities in the Underlying Indexand the Parent Index and publishes information regarding the market value of the Underlying Indexand the Parent Index.
Industry Concentration Policy. The Fund will concentrate its investments i.e., hold 25% or more of its total assets) in a particular industry or group of industries to approximately the same extent that the Underlying Index is concentrated. For purposes of this limitation, securities of the U.S. government (including its agencies and instrumentalities) and repurchase agreements collateralized by U.S. government securities are not
considered to be issued by members of any industry.
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XT - Performance

Return Ranking - Trailing

Period XT Return Category Return Low Category Return High Rank in Category (%)
YTD -0.3% -22.6% 100.1% 60.00%
1 Yr 19.0% -40.9% 71.4% 50.00%
3 Yr 0.9%* -43.3% 16.0% 34.48%
5 Yr 10.7%* -5.7% 22.8% 39.13%
10 Yr N/A* -2.2% 13.3% 37.93%

* Annualized

Return Ranking - Calendar

Period XT Return Category Return Low Category Return High Rank in Category (%)
2023 26.5% -34.8% 38.7% 20.00%
2022 -28.3% -72.7% 8.2% 50.00%
2021 15.4% -31.7% 27.4% 13.79%
2020 33.9% -29.0% 233.6% 67.86%
2019 28.6% -2.0% 66.0% 47.83%

Total Return Ranking - Trailing

Period XT Return Category Return Low Category Return High Rank in Category (%)
YTD -0.3% -22.6% 100.1% 60.00%
1 Yr 19.0% -40.9% 71.4% 50.00%
3 Yr 0.9%* -43.3% 16.0% 34.48%
5 Yr 10.7%* -5.7% 22.8% 39.13%
10 Yr N/A* -2.2% 13.3% N/A

* Annualized

Total Return Ranking - Calendar

Period XT Return Category Return Low Category Return High Rank in Category (%)
2023 27.0% -33.0% 39.0% 20.00%
2022 -27.8% -72.7% 8.2% 50.00%
2021 16.4% -31.7% 28.3% 17.24%
2020 35.1% -28.9% 233.9% 64.29%
2019 30.7% 0.4% 66.5% 52.17%

XT - Holdings

Concentration Analysis

XT Category Low Category High XT % Rank
Net Assets 3.48 B 3.44 M 31.2 B 5.71%
Number of Holdings 200 20 389 11.43%
Net Assets in Top 10 494 M 2.2 M 5.86 B 20.00%
Weighting of Top 10 17.09% 17.1% 91.3% 100.00%

Top 10 Holdings

  1. BlackRock Cash Funds: Institutional, SL Agency Shares 7.97%
  2. Meta Platforms Inc 1.35%
  3. NVIDIA Corp 1.29%
  4. Palantir Technologies Inc 1.07%
  5. MongoDB Inc 0.98%
  6. Coinbase Global Inc 0.95%
  7. Splunk Inc 0.90%
  8. SoFi Technologies Inc 0.89%
  9. Innovent Biologics Inc 0.85%
  10. Manhattan Associates Inc 0.84%

Asset Allocation

Weighting Return Low Return High XT % Rank
Stocks
99.46% 0.00% 99.96% 34.29%
Cash
8.09% 0.00% 93.41% 51.43%
Preferred Stocks
0.26% 0.00% 41.72% 34.29%
Convertible Bonds
0.00% 0.00% 3.05% 52.94%
Bonds
0.00% 0.00% 94.79% 45.71%
Other
0.00% -12.22% 91.95% 91.43%

Stock Sector Breakdown

Weighting Return Low Return High XT % Rank
Technology
52.06% 0.00% 72.56% 11.54%
Healthcare
24.18% 0.00% 65.82% 26.92%
Industrials
5.28% 0.00% 90.47% 50.00%
Communication Services
4.57% 0.00% 16.38% 19.23%
Basic Materials
4.11% 0.00% 17.92% 34.62%
Consumer Cyclical
3.47% 0.00% 34.19% 69.23%
Financial Services
2.38% 0.00% 95.51% 34.62%
Utilities
2.30% 0.00% 85.14% 46.15%
Energy
0.92% 0.00% 32.10% 26.92%
Real Estate
0.54% 0.00% 16.54% 34.62%
Consumer Defense
0.19% 0.00% 50.44% 30.77%

Stock Geographic Breakdown

Weighting Return Low Return High XT % Rank
US
66.70% 0.00% 99.90% 28.57%
Non US
32.76% 0.00% 83.83% 37.14%

XT - Expenses

Operational Fees

XT Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.46% 0.41% 5.61% 97.14%
Management Fee 0.46% 0.25% 1.90% 20.00%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.03% 0.19% N/A

Sales Fees

XT Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 4.25% 5.75% N/A
Deferred Load N/A 1.00% 1.00% N/A

Trading Fees

XT Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 2.00% 2.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

XT Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 23.00% 0.00% 124.00% 36.36%

XT - Distributions

Dividend Yield Analysis

XT Category Low Category High XT % Rank
Dividend Yield 0.36% 0.00% 14.04% 57.14%

Dividend Distribution Analysis

XT Category Low Category High Category Mod
Dividend Distribution Frequency Other Annually Quarterly Quarterly

Net Income Ratio Analysis

XT Category Low Category High XT % Rank
Net Income Ratio 0.91% -2.66% 5.19% 28.57%

Capital Gain Distribution Analysis

XT Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually

Distributions History

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XT - Fund Manager Analysis

Managers

Greg Savage


Start Date

Tenure

Tenure Rank

Mar 19, 2015

7.21

7.2%

Greg Savage, Managing Director; has been associated with BlackRock Fund Advisors since 2009. Mr. Savage has been a senior portfolio manager for BFA and BTC since 2009. Prior to his employment with BFA and BTC, Mr. Savage was a senior portfolio manager from 2006 to 2009 for BGFA and BGI and a portfolio manager from 2001 to 2006 for BGFA and BGI.

Jennifer Hsui


Start Date

Tenure

Tenure Rank

Mar 19, 2015

7.21

7.2%

Jennifer Hsui, Managing Director & Portfolio Manager at BlackRock Investment Management LLC has been employed by BlackRock Fund Advisors as a senior portfolio manager since 2007. Prior to that, Ms. Hsui was a portfolio manager from 2006 to 2007 for BGFA. She was a research analyst for RBC Capital Markets from 2003 to 2006.

Amy Whitelaw


Start Date

Tenure

Tenure Rank

Nov 29, 2018

3.5

3.5%

Amy Whitelaw is Managing Director of BlackRock, Inc. since 2013 and was Director of the firm from 2009 to 2012. Ms. Whitelaw's service with the firm dates back to 1998, including her years with Barclays Global Investors (BGI), which merged with BlackRock in 2009. Ms. Whitelaw served as Principal of BGI from 2000 to 2009. Previously Ms. Whitelaw worked in the Transition Services group as a transition manager and strategist, and was also an international equity trader on BGI’s trading desk.

Paul Whitehead


Start Date

Tenure

Tenure Rank

Jan 01, 2022

0.41

0.4%

Paul Whitehead is responsible for supporting the day-to-day management of the MML Blend Fund’s portfolio, including setting the Fund’s overall investment strategy and overseeing the management of the Fund. Mr. Whitehead is a Managing Director of BlackRock, Inc., Co-Head of Index Equity, and Co-Head of BlackRock’s ETF and Index Investments business. Mr. Whitehead also oversees the management of BlackRock’s Institutional and iShares funds. Mr. Whitehead was previously the Global Head of Equity Trading and the Global Head of Transition Management within BlackRock’s Global Trading Group. Mr. Whitehead’s service with the firm dates back to 1996, including his years with Barclays Global Investors, which merged with BlackRock in 2009. Prior to his current role, Mr. Whitehead was Head of Americas Equity Trading. Previously, he managed the trading team responsible for all Institutional Index funds, Exchange Traded funds, and Transition Management mandates. Mr. Whitehead represents BlackRock on the board of Luminex, a buy-side owned Alternative Trading System launched in 2015.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.75 23.1 8.85 1.25