{
 "ticker": "ETEC",
 "name": "iShares Breakthrough Environmental Solutions ETF",
 "issuer": "iShares",
 "desk": "themes",
 "url": "https://etfiq.com/funds/ETEC",
 "html": "https://etfiq.com/funds/ETEC",
 "markdown": "https://etfiq.com/funds/ETEC.md",
 "as_of": "2026-09-11",
 "verdict": "ETEC holds 57 stocks, and 87% of its weight is outside the S&P 500.",
 "key_facts": [
  {
   "key": "already_in_the_s_p_500",
   "label": "Already in the S&P 500",
   "value": "13.1%",
   "source": null,
   "as_of": "2026-09-11",
   "sentence": "ETEC, already in the S&P 500: 13.1%, as of Sep 11, 2026."
  },
  {
   "key": "active_share_vs_the_s_p_500",
   "label": "Active share vs the S&P 500",
   "value": "97.6%",
   "source": null,
   "as_of": "2026-09-11",
   "sentence": "ETEC, active share vs the S&P 500: 97.6%, as of Sep 11, 2026."
  },
  {
   "key": "top_ten_holdings",
   "label": "Top ten holdings",
   "value": "48.2%",
   "source": null,
   "as_of": "2026-09-11",
   "sentence": "ETEC, top ten holdings: 48.2%, as of Sep 11, 2026."
  },
  {
   "key": "total_return_1_year",
   "label": "Total return, 1 year",
   "value": "+6.2%",
   "source": null,
   "as_of": "2026-09-11",
   "sentence": "ETEC, total return, 1 year: +6.2%, as of Sep 11, 2026."
  },
  {
   "key": "net_assets",
   "label": "Net assets",
   "value": "$5m",
   "source": "SEC filing, whole fund, as filed for Apr 30, 2026",
   "as_of": "2026-09-11",
   "sentence": "ETEC, net assets: $5m (SEC filing, whole fund, as filed for Apr 30, 2026)."
  },
  {
   "key": "expense_ratio",
   "label": "Expense ratio",
   "value": "0.47%",
   "source": "485BPOS XBRL, Nov 21, 2025",
   "as_of": "2026-09-11",
   "sentence": "ETEC, expense ratio: 0.47% (485BPOS XBRL, Nov 21, 2025)."
  }
 ],
 "fields": [
  {
   "key": "theme",
   "label": "Theme",
   "value": "Energy transition and decarbonisation",
   "source": "ETFIQ, editorial"
  },
  {
   "key": "launched",
   "label": "Launched",
   "value": "Mar 30, 2023",
   "source": null
  },
  {
   "key": "already_in_the_s_p_500_by_weight",
   "label": "Already in the S&P 500, by weight",
   "value": "13.1%",
   "source": "ETFIQ"
  },
  {
   "key": "active_share_vs_the_s_p_500",
   "label": "Active share vs the S&P 500",
   "value": "97.6%",
   "source": "ETFIQ"
  },
  {
   "key": "already_in_the_nasdaq_100_by_weight",
   "label": "Already in the Nasdaq-100, by weight",
   "value": "2.8%",
   "source": "ETFIQ"
  },
  {
   "key": "active_share_vs_the_nasdaq_100",
   "label": "Active share vs the Nasdaq-100",
   "value": "97.2%",
   "source": "ETFIQ"
  },
  {
   "key": "top_ten_holdings_weight",
   "label": "Top ten holdings weight",
   "value": "48.2%",
   "source": null
  },
  {
   "key": "holdings",
   "label": "Holdings",
   "value": "57",
   "source": null
  },
  {
   "key": "holdings_as_of",
   "label": "Holdings as of",
   "value": "Sep 10, 2026",
   "source": "the issuer\u2019s daily file"
  },
  {
   "key": "top_holdings",
   "label": "Top holdings",
   "value": "KURITA WATER INDUSTRIES 6.6%, UNIVERSAL DISPLAY CORP 6.4%, BORGWARNER 6.1%, ALLEGRO MICROSYSTEMS INC 5.2%, CONTEMPORARY AMPEREX TECHNOLOGY CL 4.8%, YASKAWA ELECTRIC 4.2%, VESTAS WIND SYSTEMS 4.0%, KEMIRA 3.8%, FIRST SOLAR 3.6%, GE VERNOVA 3.5%",
   "source": null
  },
  {
   "key": "net_assets",
   "label": "Net assets",
   "value": "$5m",
   "source": "SEC filing, whole fund, as filed for Apr 30, 2026"
  },
  {
   "key": "below_its_all_time_high",
   "label": "Below its all-time high",
   "value": "\u221221.0%",
   "source": "ETFIQ"
  },
  {
   "key": "expense_ratio",
   "label": "Expense ratio",
   "value": "0.47%",
   "source": "485BPOS XBRL, Nov 21, 2025"
  },
  {
   "key": "fee_for_the_part_that_differs_from_the_s_p_500_active_expense_ratio",
   "label": "Fee for the part that differs from the S&P 500, active expense ratio",
   "value": "0.48%",
   "source": "ETFIQ"
  },
  {
   "key": "closest_funds_by_holdings_overlap",
   "label": "Closest funds by holdings overlap",
   "value": "ICLN 20%, QCLN 18%, VCLN 16%, SMOG 16%, IDRV 16%",
   "source": null
  }
 ],
 "periods": [
  {
   "window": "3 months",
   "Total return": "\u221214.3%",
   "S&P 500": "+3.3%",
   "Gap to S&P 500": "\u221217.6 pts",
   "Gap to Nasdaq-100": "\u221213.5 pts"
  },
  {
   "window": "6 months",
   "Total return": "\u22125.2%",
   "S&P 500": "+16.0%",
   "Gap to S&P 500": "\u221221.2 pts",
   "Gap to Nasdaq-100": "\u221225.9 pts"
  },
  {
   "window": "1 year",
   "Total return": "+6.2%",
   "S&P 500": "+17.5%",
   "Gap to S&P 500": "\u221211.3 pts",
   "Gap to Nasdaq-100": "\u221216.8 pts"
  },
  {
   "window": "3 years",
   "Total return": "+12.9%",
   "S&P 500": "+77.9%",
   "Gap to S&P 500": "\u221264.9 pts",
   "Gap to Nasdaq-100": "\u221282.2 pts"
  },
  {
   "window": "Since launch",
   "Total return": "+2.9%",
   "S&P 500": "+97.3%",
   "Gap to S&P 500": "\u221294.3 pts",
   "Gap to Nasdaq-100": "\u2212127.8 pts"
  }
 ],
 "questions": [
  {
   "q": "How much of ETEC is in S&P 500 companies?",
   "a": "By its holdings published by its issuer for Sep 10, 2026, 13% of ETEC by weight is stocks the S&P 500 already holds. Its active share against the index is 98%, so that share is the part doing something different."
  },
  {
   "q": "What does ETEC hold?",
   "a": "57 positions as published by its issuer for Sep 10, 2026, with the top ten at 48% of the fund. The largest are KURITA WATER INDUSTRIES at 6.6%, UNIVERSAL DISPLAY CORP at 6.4%, BORGWARNER at 6.1%."
  },
  {
   "q": "Has ETEC beaten the S&P 500?",
   "a": "Over the year to Sep 11, 2026 ETEC returned +6.2% with distributions reinvested, against +17.5% for the S&P 500, so it finished behind the index by 11.3 points."
  },
  {
   "q": "What does ETEC cost?",
   "a": "The prospectus expense ratio is 0.47% a year. Because 98% of the fund differs from the S&P 500, the fee on that differing part works out at 0.48%."
  }
 ],
 "generated": "2026-09-13",
 "license": "Free to use with attribution. ETFIQ (etfiq.com)."
}