iShares International Country Rotation Active ETF
Actively managed U.S. stock ETF
As of its 2026 Q2 report, iShares International Country Rotation Active ETF held 31 positions with $3.62B in net assets. Its ten largest holdings made up 90.9% of the fund. The fund costs 0.55% a year. Over the 12 months to May 2026, it returned 37.7%, with dividends reinvested. In 2026 Q3 it added 7 new positions and exited 8.
The iShares International Country Rotation Active ETF (the Fund) seeks long-term capital appreciation.
The fund rotates allocations among developed and emerging markets countries, overweighting those the manager expects to outperform relative to the MSCI ACWI ex-US Index based on proprietary quantitative models and fundamental analysis, adjusting positions nominally each month. It gains exposure primarily through affiliated equity index ETFs and may also hold individual securities and derivatives. The fund is non-diversified, meaning it may hold a small number of issuers or countries in concentrated positions. Because allocations shift based on the manager's forward-looking views rather than index constituents, performance will diverge from the benchmark.
What you own
| Company | Weight | Value | Shares | Reported price |
|---|---|---|---|---|
iShares MSCI Japan ETF | 17.32% | $626.12M | 7.0M | $89.10 |
BlackRock Funds III | 16.19% | $585.38M | — | — |
iShares MSCI Canada ETF | 13.53% | $488.99M | 8.3M | $58.60 |
iShares MSCI United Kingdom ETF | 10.63% | $384.31M | 8.2M | $47.15 |
iShares MSCI South Korea ETF | 7.88% | $284.90M | 1.8M | $160.76 |
iShares MSCI China ETF | 6.67% | $241.11M | 4.2M | $57.57 |
iShares MSCI Spain ETF | 6.35% | $229.59M | 4.1M | $56.67 |
iShares MSCI Taiwan ETF | 4.41% | $159.32M | 1.8M | $89.88 |
iShares Core S&P 500 ETF | 4.13% | $149.18M | 206.6K | $722.07 |
iShares MSCI Netherlands ETF | 3.80% | $137.53M | 2.2M | $62.71 |
Reported price is the fund's own reported value divided by its own reported shares at 2026-04-30 — not a live quote, and not what the fund paid.
All 31 holdings, with the share counts as filed, open with a free account.
What the fund is made of
Percentages are of fund net assets. Rounding, liabilities and short positions can make totals differ from 100%.
| Stocks | 98.16% |
| Cash & short-term | 17.69% |
| Other | 1.13% |
| Derivatives | 0.20% |
Look-through blends 26 underlying funds; 0.0% of NAV was not looked through and stays direct-classified.
How it has done
C000254669 share class · total returns with dividends reinvested
Volatility over the last 12 months: 14.34%. Past returns are a record, not a forecast.
Jun 2026 and Jul 2026 have been filed since the trailing figures were struck, so they are not in the table above or the curve — every figure here shares one cut-off, which is what makes them comparable with other funds.
Fees & fund details
iShares International Country Rotation Active ETF is an actively managed U.S. equity ETF.
- Asset class
- Equity
- Region
- United States
- Management
- Actively managed
- Fund type
- ETF
- Features
- Non-diversified · Fund of funds
- Expense ratio, by class
- 0.55%
- Portfolio turnover
- 52.00% a year · as of 2025 Q4
Net is what a holder pays after the adviser's contractual waiver; gross is before it. A waiver can expire.
Turnover is how much of the portfolio was replaced in a year.
Classified from what the fund holds, not from its name · 2026 Q2. The summary is a paraphrase of the prospectus; the objective is verbatim.
What changed this quarter
Positions that entered or left the fund since its previous filing. Positions that were only resized are not listed.
7 new
8 exited
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