LCTU

BlackRock U.S. Carbon Transition Readiness ETF

LCTU is an actively-managed portfolio of large- and midcap US firms in the Russell 1000 Index that are selected and weighted with a preference for lower carbon emissions.


US

EQUITY

Active

MANAGEMENT STYLE

1.3 B

ASSETS UNDER MGMT

14 bp

EXPENSES
Fund Basics
Fund sponsorBlackrock
CategoryUS
Asset classEquity
Websitelink...
Inception dateApr 06, 2021
Assets (mns)$1,252
Expense ratio14 bp
CurrencyUSD
Sector Breakdown
Fund Structure
RegulationOpen-Ended Fund
DistributionsAnnually
Taxation1099
Stock selectionProprietary
WeightingProprietary
Holdings TransparencyFull
Derivatives-basedNo
Options availableYes
Currency hedgedNo
Fund of fundsNo
Top 10 Holdings
APPLE INC 7.2 %
MICROSOFT CORP 5.4 %
NVIDIA CORP 5.3 %
AMAZON.COM INC 3.2 %
ALPHABET INC. CLASS A 2.1 %
META PLATFORMS INC 2.0 %
ALPHABET INC. CLASS C 1.8 %
MASTERCARD INCORPORATED CLASS A 1.7 %
ELI LILLY & CO 1.7 %
JOHNSON & JOHNSON 1.6 %
Constituent Breakdown
Number of holdings294
Herfindahl-Hirschman Index 180
Wgt avg mkt cap (mns)$810,959
Large cap (>$10bn)97.2%
Mid cap ($2-10bn)2.4%
Small cap (<$2bn)0.0%
Developed mkts.100.0%
Emerging mkts.0.0%
Country Exposure
UNITED STATES 95.1 %
IRELAND 3.3 %
Historical Performance


Standardized Performance (as of 11/30/2024)
 YTD1 YR2 YR3 YR5 YR10 YRIncep.
Total Returns 27.1% 33.5% 22.5% 10.2% -- -- 9.4%
Volatility 12.6% 12.4% 14.2% 17.8% -- -- --
Market Correlations
versus...BetaR-squared
S&P 5001.0299%
MSCI EAFE0.8772%
MSCI Emg Mkts0.6540%
Liquidity Measures
Avg. volume (000)36
Turnover0.2%
Avg. Bid/Ask (% of price)0.05%
ADV of underlying (mns)$221,027
Technical Indicators
Recent close$63.90
30d moving avg.$65.63
Annualized volatility17.9%
Relative strength (RSI)51
Short interest (ETF)0.2%
Short interest (underlying)0.0%
Distributions
Assets Under Management (mns)

Money Flows (mns)

Short Interest (as % of shares outstanding)

Long Money Flows (mns)

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Risk and Returns: LCTU vs. Comps (1 YR)

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Results & Estimates
  2019 2020 2021 2022 2023 2024E 2025E  
Sales per share -- -- -- -- -- -- --
  change (%) -- -- -- -- -- -- --
Earnings per share -- -- -- -- -- -- --
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Dividends per share -- -- -- -- -- -- --
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Return on Equity
Net Margins
EPS Revision Activity (6 mo. ago = 100%)
Compound Annual Growth Rates

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Valuation Metrics
  2023 2024E Fwd Est 2025E
Price-to-sales --x --x --x --x
Price-to-earnings --x --x --x --x
Price-to-cash flow --x --x --x --x
Price-to-growth --x --x --x --x
Price-to-book value --x --x --x --x
Yield --% --% --x --%
2.7 21.2 3.7 1.3% --
Based on closing prices from 12/18/2024
Historical Valuation Trends Sample data. Subscribe for access.

SHOWING:
Price-to-Earnings
LCTU



Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.

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ETF Research Center Rating

NEUTRAL

Average appreciation potential. A rating of NEUTRAL is assigned to ETFs with ALTAR Scores in the middle quintile (ranking between 40%-60%) of their category. This indicates that valuations adequately reflect the fundamentals of stocks in these funds.

ALTAR Score™

LCTU

5.1%

Cat. Avg

5.7%


ALTAR Score™ Calculation

Category Overview
There are 977 funds in the US Equity category, with an average ALTAR Score™ of 5.7% and a standard deviation of 2.6%. LCTU's ALTAR Score™ is approximately 0.2 standard deviations below the category average. This places LCTU in the 42nd percentile among funds in the category.
Sell Side Consensus Rating

Sell-side recommendations on the ETF's individual constituents

LCTU
Peer Average
SELL
U/W
HOLD
O/W
BUY
Factor Scorecard

SIZE
VALUE
YIELD
MOMENTUM
VOLATILITY
QUALITY
Expense Analysis

Peer Group Active
US Equity ETFs
# of ETFs 308
Avg. Expense Ratio 67.1 bp
Std. Deviation 37 bp
LCTU (14 bp) Percentile rank 8
Peer Group Expense Ratio Distribution


Total Cost of Ownership (TCO) Comparison
Expense (bp)
(A)
Avg. Bid/Ask (bp)
(B)
TCO (bp)
(A)+(B)
LCTU 14.0 4.8 18.8
Peer Avg. 56.8 24.6 81.4
  For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .