iShares U.S. Thematic Rotation Active ETF
Actively managed U.S. stock ETF
As of its 2026 Q2 report, iShares U.S. Thematic Rotation Active ETF held 244 positions with $8.27B in net assets. Its ten largest holdings made up 44.4% of the fund. The fund costs 0.57% a year. Over the 12 months to May 2026, it returned 27.7%, with dividends reinvested. In 2026 Q3 it added 53 new positions and exited 55.
The iShares U.S. Thematic Rotation Active ETF (the Fund) seeks long-term capital appreciation.
The fund invests in U.S. equity securities that the manager believes have above-average earnings growth potential, using a systematic framework focused on identifying and evaluating emerging and structural themes. The manager may use derivatives including futures, options, and swaps for risk management and to enhance returns. Because security selection depends on the manager's theme identification and company evaluation, fund performance will diverge from any benchmark.
What you own
| Company | Weight | Value | Shares | Reported price |
|---|---|---|---|---|
AAPLApple Inc | 8.12% | $671.76M | 2.5M | $271.35 |
NVDANVIDIA Corp | 7.04% | $582.70M | 2.9M | $199.57 |
MSFTMicrosoft Corp | 6.33% | $523.49M | 1.3M | $407.78 |
AMZNAmazon.com Inc | 4.90% | $405.15M | 1.5M | $265.06 |
GOOGLAlphabet Inc | 4.79% | $395.81M | 1.0M | $384.80 |
2.94% | $243.10M | 776.1K | $313.23 | |
AVGOBroadcom Inc | 2.88% | $238.20M | 570.6K | $417.43 |
GOOGAlphabet Inc | 2.86% | $236.38M | 618.9K | $381.94 |
WMTWalmart Inc | 2.43% | $201.17M | 1.5M | $131.93 |
2.15% | $177.78M | 343.8K | $517.16 |
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.
The 200 largest of 244 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 | 99.44% |
| Cash & short-term | 0.82% |
| Derivatives | 0.04% |
Derivatives are shown at market value, not notional exposure.
By sector
- Information Technology
- 39.8%
- Industrials
- 10.7%
- Financials
- 10.4%
- Consumer Discretionary
- 9.9%
- 9 other sectors
- 29.2%
- Information Technology
- 39.8%
- Industrials
- 10.7%
- Financials
- 10.4%
- Consumer Discretionary
- 9.9%
- Communication Services
- 8.2%
- Health Care
- 7.3%
- Consumer Staples
- 5.2%
- Energy
- 3.9%
- International
- 1.6%
- Materials
- 1.1%
- Cash
- 1.1%
- Utilities
- 0.8%
- Other
- 0.0%
How it has done
C000232558 share class · total returns with dividends reinvested
Volatility over the last 12 months: 15.25%. 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 U.S. Thematic Rotation Active ETF is an actively managed U.S. equity ETF. 14% of iShares U.S. Thematic Rotation Active ETF’s stock holdings are in companies whose revenue grew in the top quartile of U.S. companies over the last five fiscal years (covering 98% of the fund’s equity).
- Asset class
- Equity
- Region
- United States
- Management
- Actively managed
- Fund type
- ETF
- Features
- Non-diversified
- Expense ratio, by class
- 0.57%
- Portfolio turnover
- 45.00% a year · as of 2025 Q4
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.
53 new· the largest 8
55 exited· the largest 8
Understand how this fund fits with the rest.
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