iShares Evolved U.S. Media and Entertainment ETF
Data updated: 2022-10-12
C000198379 — iShares Evolved U.S. Media and Entertainment ETF. Money Market · $10.47M AUM · 0.18% expense ratio. Holdings, fees, performance and SEC filings.
C000198379 Fund Overview
iShares Evolved U.S. Media and Entertainment ETF is a US ETF managed by iShares U.S. ETF Trust, categorised as Money Market. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US ETF
- Manager: iShares U.S. ETF Trust
- Category: Money Market
- Assets under management: $10.47M
- 1-year return: -29.2%
- SEC CIK: 0001524513
- SEC series ID: S000061259
- Share class ID: C000198379
C000198379 Investment Objective and Strategy
iShares Evolved U.S. Media and Entertainment ETF describes its objective and strategy as follows, from its latest prospectus filed with the SEC by iShares U.S. ETF Trust.
Investment objective
The iShares Evolved U.S. Media and Entertainment ETF (the “Fund”) seeks to provide access to U.S. companies with media and entertainment exposure, as classified using a proprietary classification system.
Principal investment strategy
The Fund seeks to achieve its investment objective by investing, under normal circumstances, at least 80% of its net assets in U.S. listed common stock of large-, mid- and small-capitalization media and entertainment companies, as defined by a proprietary classification system. The classification process, which uses data analysis tools consisting, in part, of machine learning, natural language processing (NLP) and clustering algorithms to allocate companies to one or more sectors according to a new classification system, is forward looking and evolves as companies evolve. The eligible universe of securities that are part of the classification process includes U.S. listed common stock of large-, mid- and small-capitalization companies. Based on data and information in the companys public filings (e.g., regulatory filings, etc.), a company is classified in one or more of the twelve defined sectors (each an Evolved Sector).
Currently these public filings consist of several years of a companys 10-Ks and S-1s (if no 10-Ks are available). While the Fund is actively managed, the Fund generally allocates its investments to securities of its Evolved Sector on a market capitalization basis (based on the available free floating capitalization). The classification system allows for a company to be classified into multiple sectors rather than being assigned solely to a single sector. The market capitalization of a single company will be allocated proportionally based on the one or more Evolved Sectors in which the company is classified. This reflects the multi-dimensional nature of these companies. Sector constituents are expected to evolve dynamically over time to reflect changing business models. BFA may exercise discretion in managing the classification process in limited instances.
For example, a company may be excluded (or its inclusion limited) from an Evolved Sector, in part or whole, most commonly in response to position limit restrictions, limited liquidity of a particular security or the fit of a particular company in the Fund. This is different from traditional classification systems that typically will assign a company only to one sector and tend to group companies together on the basis of backward looking metrics like revenue. The Fund will not provide the same returns as a fund that tracks the media industry as traditionally defined by other classification systems and as a result may not be appropriate for an investor seeking the same exposure as the media industry as defined by such classification systems. As of June 30, 2018, there were twelve Evolved Sectors: Consumer Staples, Discretionary Spending, Energy, Financials, Healthcare Staples, Industrials, Innovative Healthcare, Media and Entertainment, Real Estate, Technology, Telecommunications and Utilities.
Sector classifications are reviewed on a quarterly basis and may evolve over time. The Fund will hold common stock of those companies that fall into the Media and Entertainment Evolved Sector which have economic characteristics that have been historically correlated with companies traditionally defined as media and entertainment companies. The Fund may also invest in other securities, including but not limited to, cash and cash equivalents, including shares of money market funds advised by BFA or its affiliates. The Fund is an actively managed exchange-traded fund (ETF) and does not seek to replicate the performance of a specified index and may have a higher degree of portfolio turnover than such index funds. The Fund may lend securities representing up to one-third of the value of the Fund's total assets (including the value of the collateral received).
Industry Concentration Policy. The Fund will concentrate its investments (i.e., hold 25% or more of its total assets) in an industry or group of industries that constitute the media and entertainment sector. For purposes of this limitation, securities of the U.S. government (including its agencies and instrumentalities) and repurchase agreements collateralized by U.S. government securities are not considered to be issued by members of any industry. Industry concentration designations are based on output of the classification methodology referenced above.
C000198379 Performance
Total returns for C000198379 (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| 1 year | -29.2% |
| 3 years (annualised) | -0.4% |
C000198379 Risk Information
Risk metrics for C000198379, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 20.4%
C000198379 Costs and Fees
C000198379 costs about $18 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.18%
- Gross expense ratio: 0.18%
- Portfolio turnover: 4%
- Brokerage commissions: 0.25 bps of average net assets (SEC N-CEN)
C000198379 Cashflows
Over the 12 months to 2022-07, iShares Evolved U.S. Media and Entertainment ETF had net outflows of $3.03M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2022-07 | $0 |
| 2022-06 | $0 |
| 2022-05 | −$1.40M |
| 2022-04 | $0 |
| 2022-03 | −$1.63M |
| 2022-02 | $0 |
C000198379 Debt Constituents
No individual debt constituents are reported in iShares Evolved U.S. Media and Entertainment ETF's latest SEC N-PORT filing.
C000198379 Prospectus and SEC Filings
Official iShares Evolved U.S. Media and Entertainment ETF filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2021-11-19
- Prospectus (485BPOS) — filed 2020-11-23
- Prospectus supplement (497) — filed 2020-09-08
- Portfolio holdings (N-PORT) — filed 2022-09-27
- Portfolio holdings (N-PORT) — filed 2022-06-27
- Portfolio holdings (N-PORT) — filed 2022-03-29
- Annual census (N-CEN) — filed 2022-10-12
- Annual census (N-CEN) — filed 2021-10-14
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Data Sources
ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.