TCHI

iShares MSCI China Multisector Tech ETF

TCHI tracks a market cap-weighted index of large- and mid-cap Chinese equities in technology and technology-related industries.


Emerging Market

EQUITY

Rules-Based

MANAGEMENT STYLE

23.9 M

ASSETS UNDER MGMT

59 bp

EXPENSES
Fund Basics
Fund sponsorBlackrock
CategoryEmerging
Asset classEquity
Websitelink...
Inception dateJan 25, 2022
Assets (mns)$24
Expense ratio59 bp
CurrencyUSD
Sector Breakdown
Fund Structure
RegulationOpen-Ended Fund
DistributionsSemi-annual
Taxation1099
Stock selectionMarket Cap
WeightingMarket Cap
Holdings TransparencyFull
Derivatives-basedNo
Options availableYes
Currency hedgedNo
Fund of fundsNo
Top 10 Holdings
XIAOMI CORP. CLASS B 4.6 %
ALIBABA GROUP HOLDING LTD. 4.5 %
KUAISHOU TECHNOLOGY CLASS B 4.4 %
JD.COM, INC. CLASS A 4.3 %
TENCENT HOLDINGS LTD 4.1 %
LENOVO GROUP LTD 4.0 %
BAIDU, INC. CLASS A 4.0 %
NETEASE, INC 3.9 %
PINDUODUO, INC. SPONSORED ADR CLASS A 3.7 %
CONTEMPORARY AMPEREX TECHNOLOGY CO., LTD 3.4 %
Constituent Breakdown
Number of holdings171
Herfindahl-Hirschman Index 238
Wgt avg mkt cap (mns)$77,880
Large cap (>$10bn)67.5%
Mid cap ($2-10bn)32.3%
Small cap (<$2bn)0.1%
Developed mkts.17.0%
Emerging mkts.83.0%
Country Exposure
CHINA 93.5 %
HONG KONG 6.8 %
Historical Performance


Standardized Performance (as of 02/28/2025)
 YTD1 YR2 YR3 YR5 YR10 YRIncep.
Total Returns 13.2% 30.2% 6.0% -2.7% -- -- -8.4%
Volatility 31.1% 33.8% 30.9% 37.1% -- -- --
Market Correlations
versus...BetaR-squared
S&P 5000.506%
MSCI EAFE0.9722%
MSCI Emg Mkts1.6162%
Liquidity Measures
Avg. volume (000)59
Turnover4.9%
Avg. Bid/Ask (% of price)0.40%
ADV of underlying (mns)$29,389
Technical Indicators
Recent close$19.92
30d moving avg.$21.09
Annualized volatility35.4%
Relative strength (RSI)50
Short interest (ETF)1.0%
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: TCHI vs. Comps (1 YR)

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Results & Estimates
  2020 2021 2022 2023 2024 2025E 2026E  
Sales per share -- -- -- -- -- -- --
  change (%) -- -- -- -- -- -- --
Earnings per share -- -- -- -- -- -- --
  change (%) -- -- -- -- -- -- --
Dividends per share -- -- -- -- -- -- --
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Book value 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
  2024 2025E Fwd Est 2026E
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 --%
0.9 5.5 1.2 1.2% --
Based on closing prices from 4/2/2025
Historical Valuation Trends Sample data. Subscribe for access.

SHOWING:
Price-to-Earnings
TCHI



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

SPECULATIVE

Deeply undervalued but risky. A rating of SPECULATIVE is assigned to ETFs with ALTAR Scores in the top quintile (the top 20%) of their category, indicating exceptional appreciation potential. However, often these are narrowly-focused funds or in industries with structural issues, which may also make them very risky. Nonetheless they may still be useful as part of a well-diversified portfolio.

ALTAR Score™

TCHI

22.4%

Cat. Avg

9.9%


ALTAR Score™ Calculation

Category Overview
There are 156 funds in the Emerging Equity category, with an average ALTAR Score™ of 9.9% and a standard deviation of 4.1%. TCHI's ALTAR Score™ is approximately 3.0 standard deviations above the category average. This places TCHI in the 99th percentile among funds in the category.
Sell Side Consensus Rating

Sell-side recommendations on the ETF's individual constituents

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

SIZE
VALUE
YIELD
MOMENTUM
VOLATILITY
QUALITY
Expense Analysis

Peer Group Rules-Based
Emerging Market Equity ETFs
# of ETFs 103
Avg. Expense Ratio 64.6 bp
Std. Deviation 29 bp
TCHI (59 bp) Percentile rank 42
Peer Group Expense Ratio Distribution


Total Cost of Ownership (TCO) Comparison
Expense (bp)
(A)
Avg. Bid/Ask (bp)
(B)
TCO (bp)
(A)+(B)
TCHI 59.0 39.9 98.9
Peer Avg. 48.3 42.3 90.6
  For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .