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 sponsor | Blackrock |
| Category | US |
| Asset class | Equity |
| Website | link... |
| Inception date | Apr 06, 2021 |
| Assets (mns) | $1,262 |
| Expense ratio | 14 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Annually |
| Taxation | 1099 |
| Stock selection | Proprietary |
| Weighting | Proprietary |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | Yes |
| Currency hedged | No |
| Fund of funds | No |
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 holdings | 294 |
| Herfindahl-Hirschman Index | 180 |
| Wgt avg mkt cap (mns) | $802,317 |
| Large cap (>$10bn) | 97.0% |
| Mid cap ($2-10bn) | 2.6% |
| 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 10/31/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | 19.8% | 37.4% | 22.2% | -- | -- | -- | 7.5% | Volatility | 12.6% | 12.4% | 14.2% | 17.8% | -- | -- | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 1.01 | 99% |
| MSCI EAFE | 0.86 | 75% |
| MSCI Emg Mkts | 0.67 | 43% |
Liquidity Measures
| Avg. volume (000) | 38 |
| Turnover | 0.2% |
| Avg. Bid/Ask (% of price) | 0.05% |
| ADV of underlying (mns) | $251,649 |
Technical Indicators
| Recent close | $63.98 |
| 30d moving avg. | $62.95 |
| Annualized volatility | 17.7% |
| Relative strength (RSI) | 51 |
| Short interest (ETF) | 0.1% |
| 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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Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. LCTU |
Expenses vs. LCTU |
ALTAR Score™ vs. LCTU |
|---|---|---|---|---|
| GSUS | Goldman Sachs MarketBeta U.S. Equity ETF | 62.7% | -7 bp | -0.1% |
| VOTE | TCW Transform 500 ETF | 62.2% | -9 bp | -0.1% |
| BBUS | JP Morgan Betabuilders U.S. Equity ETF | 61.8% | -12 bp | 0.0% |
| SPXE | ProShares S&P 500 Ex-Energy ETF | 61.4% | -5 bp | -0.1% |
| BKLC | BNY Mellon US Large Cap Core Equity ETF | 61.3% | -14 bp | 0.0% |
| IVV | iShares Core S&P 500 ETF | 61.3% | -11 bp | +0.0% |
| VOO | Vanguard S&P 500 ETF | 61.2% | -11 bp | 0.0% |
| SPY | SPDR S&P 500 ETF Trust | 61.2% | -5 bp | -0.1% |
| SPLG | SPDR Portfolio S&P 500 ETF | 61.2% | -12 bp | +0.0% |
| STRV | Strive 500 ETF | 61.2% | -9 bp | -0.1% |
Risk and Returns: LCTU vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
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Results & Estimates
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024E | 2025E | ||
|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Book value per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- |
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 | --% |
Based on closing prices from 11/15/2024
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Price-to-Earnings
Price-to-Sales
Price-to-Book Value
Price-to-Cash Flow
Price-to-Growth
Dividend Yield
Historical Valuation Trends Sample data. Subscribe for access.
SHOWING:
Price-to-Earnings
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
5.0%
Cat. Avg
5.5%
ALTAR Score™ Calculation
Category Overview
There are 973 funds in the US Equity category, with an average ALTAR Score™
of 5.5% and a standard deviation of
2.4%. LCTU's ALTAR Score™ is approximately
0.2 standard deviations
below
the category average. This places LCTU in the 43rd percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
LCTUSELL
U/W
HOLD
O/W
BUY
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 | 23.7 | 80.5 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .