iShares International Country Rotation Active ETF
Data updated: 2026-09-25
C000254669 — iShares International Country Rotation Active ETF. Holdings, fees, performance and SEC filings.
C000254669 Fund Overview
iShares International Country Rotation Active ETF is a US ETF managed by BlackRock ETF Trust, categorised as United States Large Cap Blend / Core Information Technology Equity. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US ETF
- Manager: BlackRock ETF Trust
- Category: United States Large Cap Blend / Core Information Technology Equity
- Assets under management: $7.82B
- 1-year return: 38.2%
- SEC CIK: 0001761055
- SEC series ID: S000088408
- Share class ID: C000254669
C000254669 Investment Objective and Strategy
iShares International Country Rotation Active ETF describes its objective and strategy as follows, from its latest prospectus filed with the SEC by BlackRock ETF Trust.
Investment objective
The iShares International Country Rotation Active ETF (the Fund) seeks long-term capital appreciation.
Principal investment strategy
The Fund invests in securities to provide dynamic exposure to developed and emerging markets countries. Under normal circumstances, the Fund will invest at least 80% of its net assets, plus the amount of any borrowings for investment purposes, in securities of issuers economically tied to countries other than the United States and derivatives that provide investment exposure to such securities or to one or more market risk factors associated with such securities. The Fund considers an issuer to be economically tied to a country if (1) the issuer is domiciled or maintains its principal place of business in such country, (2) the issuers securities are traded principally in such country ( i.e. , the primary listing exchange on which the securities are traded is located in such country), or (3) the issuer does a substantial amount of business in such country, which the Fund considers to be at least 50% of the issuers assets, gross revenues or profits in any one of the last two years.
A security may be economically tied to more than one country. The Fund generally expects to gain exposure to developed and emerging markets countries indirectly by investing in affiliated equity index ETFs. The Fund may invest in individual equity securities. In addition, the Fund may use derivatives, including options, futures, swaps (including, but not limited to, total return swaps, some of which may be referred to as contracts for difference) and forward contracts, both to seek to increase the return of the Fund and to hedge (or protect) the value of its assets against adverse movements in currency exchange rates, interest rates and movements in the securities markets. The Fund is managed as a rotation strategy, overweighting allocations to certain countries relative to the MSCI ACWI ex-US Index based on BFAs expectations regarding each countrys future prospects.
The Fund will dynamically adjust its allocations to different countries nominally on a monthly basis, but may trade at a higher or lower frequency depending on the market environment, liquidity needs, and the discretion of Fund management. The Fund relies on proprietary quantitative models as well as fundamental views that BFA believes may not be captured by the quantitative models. The Fund invests primarily in developed and emerging markets other than the United States, but the Fund may invest up to 20% of its total assets in the securities of issuers located in the United States, either through affiliated equity index ETFs or derivatives that provide investment exposure to U.S. issuers. The Fund may engage in active and frequent trading of portfolio securities to achieve its principal investment strategies.
The Fund is classified as non-diversified under the Investment Company Act of 1940, as amended (the Investment Company Act).
C000254669 Holdings
Top 10 holdings of iShares International Country Rotation Active ETF by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| iShares MSCI Japan ETF | 18.94% |
| iShares MSCI Canada ETF | 13.38% |
| iShares MSCI South Korea ETF | 8.17% |
| BlackRock Funds III | 7.03% |
| iShares MSCI United Kingdom ETF | 6.98% |
| iShares MSCI Switzerland ETF | 6.59% |
| iShares MSCI Spain ETF | 6.47% |
| Taiwan Semiconductor Manufacturing Co Ltd | 4.19% |
| iShares MSCI Taiwan ETF | 3.87% |
| iShares Core S&P 500 ETF | 3.81% |
C000254669 Portfolio Allocation
Asset-class allocation of iShares International Country Rotation Active ETF by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Equity | 99.9% |
| Cash & Equivalents | 7.2% |
C000254669 Performance
Total returns for C000254669 (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| YTD | 12.2% |
| 1 year | 38.2% |
C000254669 Risk Information
Risk metrics for C000254669, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 14.4%
C000254669 Costs and Fees
C000254669 costs about $55 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.55%
- Gross expense ratio: 1.06%
- Portfolio turnover: 52%
- Brokerage commissions: 2.67 bps of average net assets (SEC N-CEN)
C000254669 Cashflows
Over the 12 months to 2026-04, iShares International Country Rotation Active ETF had net inflows of $3.35B, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2026-04 | $328.70M |
| 2026-03 | $3.02B |
| 2026-02 | $0 |
| 2026-01 | $657.26K |
| 2025-12 | $1.25M |
| 2025-11 | $0 |
C000254669 Debt Constituents
No individual debt constituents are reported in iShares International Country Rotation Active ETF's latest SEC N-PORT filing.
C000254669 Prospectus and SEC Filings
Official iShares International Country Rotation Active ETF filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
Related Funds
Other United States Large Cap Blend / Core Information Technology Equity funds tracked on ABC INVEST:
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.