{
 "ticker": "IETC",
 "name": "iShares U.S. Tech Independence Focused ETF",
 "issuer": "iShares",
 "desk": "themes",
 "url": "https://etfiq.com/funds/IETC",
 "html": "https://etfiq.com/funds/IETC",
 "markdown": "https://etfiq.com/funds/IETC.md",
 "as_of": "2026-09-11",
 "verdict": "IETC holds 106 stocks, and 14% 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": "85.7%",
   "source": null,
   "as_of": "2026-09-11",
   "sentence": "IETC, already in the S&P 500: 85.7%, as of Sep 11, 2026."
  },
  {
   "key": "active_share_vs_the_s_p_500",
   "label": "Active share vs the S&P 500",
   "value": "62.2%",
   "source": null,
   "as_of": "2026-09-11",
   "sentence": "IETC, active share vs the S&P 500: 62.2%, as of Sep 11, 2026."
  },
  {
   "key": "top_ten_holdings",
   "label": "Top ten holdings",
   "value": "49.6%",
   "source": null,
   "as_of": "2026-09-11",
   "sentence": "IETC, top ten holdings: 49.6%, as of Sep 11, 2026."
  },
  {
   "key": "total_return_1_year",
   "label": "Total return, 1 year",
   "value": "+7.7%",
   "source": null,
   "as_of": "2026-09-11",
   "sentence": "IETC, total return, 1 year: +7.7%, as of Sep 11, 2026."
  },
  {
   "key": "net_assets",
   "label": "Net assets",
   "value": "$774m",
   "source": "SEC filing, whole fund, as filed for Apr 30, 2026",
   "as_of": "2026-09-11",
   "sentence": "IETC, net assets: $774m (SEC filing, whole fund, as filed for Apr 30, 2026)."
  },
  {
   "key": "expense_ratio",
   "label": "Expense ratio",
   "value": "0.18%",
   "source": "485BPOS XBRL, Nov 21, 2025",
   "as_of": "2026-09-11",
   "sentence": "IETC, expense ratio: 0.18% (485BPOS XBRL, Nov 21, 2025)."
  }
 ],
 "fields": [
  {
   "key": "theme",
   "label": "Theme",
   "value": "Energy security and critical technology",
   "source": "ETFIQ, editorial"
  },
  {
   "key": "launched",
   "label": "Launched",
   "value": "Mar 23, 2018",
   "source": null
  },
  {
   "key": "already_in_the_s_p_500_by_weight",
   "label": "Already in the S&P 500, by weight",
   "value": "85.7%",
   "source": "ETFIQ"
  },
  {
   "key": "active_share_vs_the_s_p_500",
   "label": "Active share vs the S&P 500",
   "value": "62.2%",
   "source": "ETFIQ"
  },
  {
   "key": "already_in_the_nasdaq_100_by_weight",
   "label": "Already in the Nasdaq-100, by weight",
   "value": "68.2%",
   "source": "ETFIQ"
  },
  {
   "key": "active_share_vs_the_nasdaq_100",
   "label": "Active share vs the Nasdaq-100",
   "value": "51.3%",
   "source": "ETFIQ"
  },
  {
   "key": "top_ten_holdings_weight",
   "label": "Top ten holdings weight",
   "value": "49.6%",
   "source": null
  },
  {
   "key": "holdings",
   "label": "Holdings",
   "value": "106",
   "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": "NVIDIA 13.7%, BROADCOM INC 7.9%, MICRON TECHNOLOGY 5.5%, ADVANCED MICRO DEVICES 5.2%, APPLE 3.8%, ALPHABET CLASS A 2.9%, AMAZON.COM INC 2.8%, LAM RESEARCH 2.7%, PALANTIR TECHNOLOGIES CLASS A 2.5%, ALPHABET CLASS C 2.4%",
   "source": null
  },
  {
   "key": "net_assets",
   "label": "Net assets",
   "value": "$774m",
   "source": "SEC filing, whole fund, as filed for Apr 30, 2026"
  },
  {
   "key": "below_its_all_time_high",
   "label": "Below its all-time high",
   "value": "\u22127.4%",
   "source": "ETFIQ"
  },
  {
   "key": "expense_ratio",
   "label": "Expense ratio",
   "value": "0.18%",
   "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": "0.29%",
   "source": "ETFIQ"
  },
  {
   "key": "closest_funds_by_holdings_overlap",
   "label": "Closest funds by holdings overlap",
   "value": "FAI 48%, SHOC 45%, XIGV 44%, USNZ 44%, ILDR 44%",
   "source": null
  }
 ],
 "periods": [
  {
   "window": "3 months",
   "Total return": "+3.2%",
   "S&P 500": "+3.3%",
   "Gap to S&P 500": "\u22120.1 pts",
   "Gap to Nasdaq-100": "+4.0 pts"
  },
  {
   "window": "6 months",
   "Total return": "+20.0%",
   "S&P 500": "+16.0%",
   "Gap to S&P 500": "+4.0 pts",
   "Gap to Nasdaq-100": "\u22120.7 pts"
  },
  {
   "window": "1 year",
   "Total return": "+7.7%",
   "S&P 500": "+17.5%",
   "Gap to S&P 500": "\u22129.8 pts",
   "Gap to Nasdaq-100": "\u221215.2 pts"
  },
  {
   "window": "3 years",
   "Total return": "+99.2%",
   "S&P 500": "+77.9%",
   "Gap to S&P 500": "+21.3 pts",
   "Gap to Nasdaq-100": "+4.1 pts"
  },
  {
   "window": "Since launch",
   "Total return": "+383.3%",
   "S&P 500": "+236.3%",
   "Gap to S&P 500": "+147.1 pts",
   "Gap to Nasdaq-100": "+7.1 pts"
  }
 ],
 "questions": [
  {
   "q": "How much of IETC is in S&P 500 companies?",
   "a": "By its holdings published by its issuer for Sep 10, 2026, 86% of IETC by weight is stocks the S&P 500 already holds. Its active share against the index is 62%, so that share is the part doing something different."
  },
  {
   "q": "What does IETC hold?",
   "a": "106 positions as published by its issuer for Sep 10, 2026, with the top ten at 50% of the fund. The largest are NVIDIA at 13.7%, BROADCOM INC at 7.9%, MICRON TECHNOLOGY at 5.5%."
  },
  {
   "q": "Has IETC beaten the S&P 500?",
   "a": "Over the year to Sep 11, 2026 IETC returned +7.7% with distributions reinvested, against +17.5% for the S&P 500, so it finished behind the index by 9.8 points."
  },
  {
   "q": "What does IETC cost?",
   "a": "The prospectus expense ratio is 0.18% a year. Because 62% of the fund differs from the S&P 500, the fee on that differing part works out at 0.29%."
  }
 ],
 "generated": "2026-09-13",
 "license": "Free to use with attribution. ETFIQ (etfiq.com)."
}