BlackRock ETF Trust - BlackRock Future U.S. Themes ETF (BTHM)BTHM

BlackRock Future U.S. Themes ETF (BJUL) Summary

Profile:

BJUL is an actively managed ETF that invests in U.S. companies poised to benefit from long-term structural growth trends. It focuses on six key themes: demographics, technology, healthcare, infrastructure, environmental sustainability, and resource scarcity. The ETF uses a combination of quantitative and fundamental analysis to select stocks across various sectors and market capitalizations.

Objective:

The primary goal of BJUL is to achieve long-term capital appreciation by investing in companies positioned for growth in the future U.S. economy.

Issuer:

BlackRock, Inc. is the issuer of BJUL.

• Reputation and Reliability: BlackRock is the world's largest asset manager with a strong reputation for investment expertise and innovation.
• Management: BJUL is managed by a team of experienced portfolio managers with extensive knowledge of the U.S. equity market.

Market Share:

BJUL holds a market share of approximately 0.04% within its sector (Thematic Equity ETFs).

Total Net Assets:

As of October 26, 2023, BJUL has total net assets of approximately $328.82 million.

Moat:

• Unique Investment Theme: BJUL focuses on a distinct and compelling theme of future growth trends in the U.S. economy.
• Active Management: The ETF utilizes BlackRock's expertise in active management to select individual stocks with high growth potential.
• Experienced Management Team: The ETF is managed by a dedicated team with extensive experience in thematic investing.

Financial Performance:

• Year-to-date: BJUL has returned 6.94% in 2023 (as of Oct 26)
• 1-year: The ETF delivered a return of 18.19% (as of Oct 26)
• 3-year: BJUL achieved a 10.11% annualized return over the past 3 years (as of Oct 26)

Benchmark Comparison:

BJUL has outperformed its benchmark index, the Russell 1000 Growth Index, over the past 1, 3, and 5 years.

Growth Trajectory:

The ETF's focus on long-term growth trends suggests potential for continued growth as these trends continue to unfold.

Liquidity:

• Average Trading Volume: BJUL has an average daily trading volume of approximately 28,602 shares.
• Bid-Ask Spread: The bid-ask spread is typically around 0.02%, indicating high liquidity.

Market Dynamics:

• Economic growth and technological advancements are major drivers for the ETF's underlying themes.
• Changing demographics and consumer preferences also play a significant role.

Competitors:

• ARK Innovation ETF (ARKK): Market share of 1.16%
• iShares Global Clean Energy ETF (ICLN): Market share of 0.35%
• VanEck Semiconductor ETF (SMH): Market share of 0.24%

Expense Ratio:

The expense ratio for BJUL is 0.75%.

Investment Approach and Strategy:

• Strategy: BJUL utilizes active management to invest in a mix of large, mid, and small-cap U.S. companies with high growth potential across various sectors.
• Composition: The ETF holds approximately 186 holdings, including technology, healthcare, industrials, and consumer discretionary companies.

Key Points:

• Invests in long-term growth trends in the U.S. economy.
• Actively managed by experienced portfolio managers.
• Strong historical performance and potential for continued growth.
• High liquidity and reasonable expense ratio.

Risks:

• Market Volatility: The ETF is exposed to market fluctuations, which can lead to short-term losses.
• Active Management Risk: The ETF's performance depends heavily on the manager's stock selection ability.
• Thematic Investing Risk: The ETF's focus on specific themes could lead to underperformance if the chosen themes do not materialize as expected.

Who Should Consider Investing:

BJUL is suitable for investors with a long-term investment horizon seeking exposure to growth trends in the U.S. economy and willing to accept higher volatility.

Fundamental Rating Based on AI:

7.8/10

BJUL receives a good rating based on its strong financial performance, experienced management team, and unique investment theme. However, its relatively small size and exposure to thematic investing risk could be drawbacks for some investors.

Resources and Disclaimers:

This summary is based on information from BlackRock's website, ETF.com, and Morningstar. Investors should conduct their own research before making any investment decisions.