THRO
EquityACTIVE

iShares U.S. Thematic Rotation Active ETF

NAV as ofJun 18, 2026
$43.2552 WK: 34.15 - 43.71
1 Day NAV Change as ofJun 18, 2026
Increase $0.44(1.02%)
NAV Total Return as ofJun 17, 2026
YTD: Increase 11.16%
30 Day SEC Yield as ofMay 31, 2026
0.26%
12m Trailing Yield as ofMay 31, 2026
0.16%
Expense Ratio:Fees as stated in the prospectus
0.57%
Morningstar Rating
5 stars
NAV as ofJun 18, 2026
$43.2552 WK: 34.15 - 43.71
1 Day NAV Change as ofJun 18, 2026
Increase $0.44(1.02%)
NAV Total Return as ofJun 17, 2026
YTD: Increase 11.16%
30 Day SEC Yield as ofMay 31, 2026
0.26%
12m Trailing Yield as ofMay 31, 2026
0.16%
Expense Ratio:Fees as stated in the prospectus
0.57%
Morningstar Rating
5 stars

The iShares U.S. Thematic Rotation Active ETF seeks long-term capital appreciation through dynamic exposure to evolving U.S. market themes. The fund offers a way to harness outsized growth potential of structural & cyclical trends using a data-driven & AI powered process to dynamic thematic rotation.

Key Facts

Net Assets of Fund
Closing Price
Daily Volume
Exchange
NYSE Arca
Benchmark Index
S&P 500 Index (USD)
Distribution Frequency
Quarterly
CUSIP
09290C806
30 Day Avg. Volume
4,125,761.99
as of Jun 17, 2026
Fund Inception
Dec 14, 2021
Asset Class
Equity
Shares Outstanding
150,400,000
as of Jun 18, 2026
Premium/Discount
-0.02
as of Jun 17, 2026
30 Day Median Bid/Ask Spread
0.02%
as of Jun 17, 2026

Portfolio Characteristics

Number of Holdings
30 Day SEC Yield
12m Trailing Yield
Standard Deviation (3y)
14.81%
as of May 31, 2026
Equity Beta (3y)
1.09
as of May 31, 2026

This information must be preceded or accompanied by a current prospectus. For standardized performance, please see the Performance section.

More Funds to Consider

DYNF
iShares U.S. Equity Factor Rotation Active ETFView DYNF
INRO
iShares U.S. Industry Rotation Active ETFView INRO

Holdings

Holdings are subject to change.


The values shown for “market value,” “weight,” and “notional value” (the “calculated values”) are based off of a price provided by a third-party pricing vendor for the portfolio holding and do not reflect the impact of systematic fair valuation (“the vendor price”). The vendor price is not necessarily the price at which the Fund values the portfolio holding for the purposes of determining its net asset value (the “valuation price”). Holdings data shown reflects the investment book of record, which may differ from the accounting book of record used for the purposes of determining the Net Assets of the Fund. Notional value represents the portfolio's exposures based on the economic value of investments and options are delta-adjusted. Additionally, where applicable, foreign currency exchange rates with respect to the portfolio holdings denominated in non-U.S. currencies for the valuation price will be generally determined as of the close of business on the New York Stock Exchange, whereas for the vendor price will be generally determined as of 4 p.m. London. The calculated values may have been different if the valuation price were to have been used to calculate such values. The vendor price is as of the most recent date for which a price is available and may not necessarily be as of the date shown above.

Please see the “Determination of Net Asset Value” section of each Fund’s prospectus for additional information on the Fund’s valuation policies and procedures.

“Quantity” represents the number of shares, units or contracts of the corresponding security, as applicable per security type.

Exposure Breakdowns

Sector
% of Market Value as of Jun 17, 2026
Information Technology42.63%
Financials10.92%
Industrials10.76%
Communication9.68%
Consumer Discretionary8.97%
Health Care5.87%
Consumer Staples5.83%
Energy3.64%
Materials1.19%
Cash and/or Derivatives0.45%
Utilities0.06%
Real Estate0.00%

Allocations are subject to change.

Ratings

Rated by Morningstar
Overall Morningstar Rating
5 stars
Overall Morningstar Rating for iShares U.S. Thematic Rotation Active ETF, as of May 31, 2026 rated against 1201 Large Blend Funds based on risk adjusted total return.

10 charts to navigate thematic opportunities

Explore the latest investment themes, and product ideas, in AI and geopolitics in our latest thematic investing update.

Jay Jacobs

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Performance

1y3y5y10yIncept.
Total Return (%)
14.4317.80--9.85
Market Price (%)
14.5017.79--9.85
Benchmark (%)
17.8018.32--9.90
After Tax Pre-Liq. (%)
14.3817.68--9.71
After Tax Post-Liq. (%)
8.5814.04--7.73

The performance quoted represents past performance and does not guarantee future results. Investment return and principal value of an investment will fluctuate so that an investor's shares, when sold or redeemed, may be worth more or less than the original cost. Current performance may be lower or higher than the performance quoted.

Growth of Hypothetical $10,000
-

The Hypothetical Growth of $10,000 chart reflects a hypothetical $10,000 investment and assumes reinvestment of dividends and capital gains. Fund expenses, including management fees and other expenses were deducted.

The performance quoted represents past performance and does not guarantee future results. Investment return and principal value of an investment will fluctuate so that an investor’s shares, when sold or redeemed, may be worth more or less than the original cost. Current performance may be lower or higher than the performance quoted, and numbers may reflect small variances due to rounding. Standardized performance and performance data current to the most recent month end may be found in the Performance section.

Distributions

Jun 15, 2026Jun 15, 2026Jun 18, 2026$0.047986$0.047986$0.000000$0.000000$0.000000
Mar 17, 2026Mar 17, 2026Mar 20, 2026$0.016464$0.016464$0.000000$0.000000$0.000000
Dec 16, 2025Dec 16, 2025Dec 19, 2025$0.011906$0.011906$0.000000$0.000000$0.000000
Sep 16, 2025Sep 16, 2025Sep 19, 2025$0.031831$0.031831$0.000000$0.000000$0.000000
Jun 16, 2025Jun 16, 2025Jun 20, 2025$0.008047$0.008047$0.000000$0.000000$0.000000
Mar 18, 2025Mar 18, 2025Mar 21, 2025$0.004920$0.004920$0.000000$0.000000$0.000000
Dec 30, 2024Dec 30, 2024Jan 03, 2025$0.004548$0.004548$0.000000$0.000000$0.000000
Dec 17, 2024Dec 17, 2024Dec 20, 2024$0.181056$0.012081$0.000000$0.168975$0.000000
Sep 25, 2024Sep 25, 2024Sep 30, 2024$0.033595$0.033595$0.000000$0.000000$0.000000
Jun 11, 2024Jun 11, 2024Jun 17, 2024$0.014272$0.014272$0.000000$0.000000$0.000000
Showing 1 to 10 of 19

Portfolio Managers

Fees

as of current prospectus
Management Fee
0.57%
Acquired Fund Fees and Expenses
0.00%
Other Expenses
+0.00%

Expense Ratio
0.57%

The amounts shown above are as of the current prospectus, but may not include extraordinary expenses incurred by the Fund over the past fiscal year. Amounts are rounded to the nearest basis point, which in some cases may be "0.00".

ESG Integration

The Fund manager may include ESG considerations in the research and decision phases of the investment process. Funds with ESG-related objectives may also include ESG considerations in the portfolio construction phase of the investment process. The research phase may include relevant, internal ESG research used to assess certain characteristics, including, but not limited to, economic and environmental transition, market structure, superior growth, management quality, and risk characteristics associated with environmental, social, and governance matters. ESG insights may be combined with other internal research views to inform active portfolio weighting versus a reference benchmark (or weighting implemented to achieve an absolute return outcome, if applicable). The Fund manager conducts regular portfolio reviews with the Risk and Quantitative Analysis group and with the Chief Investment Officers. These reviews include discussion, where appropriate, of the portfolio's exposure to material ESG risks, as well as exposure to sustainability-related business involvements, climate metrics, and other factors.

This fund does not seek to follow a sustainable, impact or ESG investment strategy. For more information regarding the fund's investment strategy, please see the fund's prospectus or, as applicable, shareholder report.