iShares Self-Driving EV and Tech ETF (IDRV)

Summary of iShares Self-Driving EV and Tech ETF (IDRV)

Profile

iShares Self-Driving EV and Tech ETF (IDRV) is an actively managed ETF that invests in global companies involved in the development and adoption of self-driving vehicles and enabling technologies. This includes companies involved in areas such as autonomous driving software, sensors, lidar, semiconductors, batteries, and electric vehicle infrastructure. The ETF has approximately 75 holdings across various sectors, including technology, industrials, and consumer discretionary.

Objective

The primary investment goal of IDRV is to provide capital appreciation by investing in companies that are expected to benefit from the growth of the self-driving electric vehicle (EV) and technology market.

Issuer

BlackRock:

• Reputation and Reliability: BlackRock is the world's largest asset manager, with a strong reputation for expertise and financial stability.
• Management: The ETF is managed by a team of experienced portfolio managers with a deep understanding of the autonomous vehicle and technology industries.

Market Share

IDRV is a relatively new ETF, launched in April 2023. It currently has a small market share within the thematic ETF category.

Total Net Assets

As of November 10, 2023, IDRV has approximately $250 million in total net assets.

Moat

• First-mover advantage: IDRV is one of the first ETFs to focus specifically on the self-driving EV and tech sector.
• Active management: The active management approach allows the portfolio managers to select and weight holdings based on their独自の分析と見通し.
• Diversification: The ETF provides exposure to a variety of companies across different segments of the self-driving EV and tech market.

Financial Performance

Since its inception in April 2023, IDRV has outperformed the S&P 500 Index. However, it is important to note that the ETF has a limited track record, and past performance is not indicative of future results.

Benchmark Comparison

IDRV's benchmark is the Solactive Autonomous Vehicles & Future Mobility Index. The ETF has outperformed its benchmark since its launch.

Growth Trajectory

The self-driving EV and tech market is expected to experience significant growth in the coming years. This is driven by factors such as technological advancements, government regulations, and increasing consumer demand for autonomous vehicles.

Liquidity

• Average Trading Volume: IDRV has an average daily trading volume of approximately 50,000 shares.
• Bid-Ask Spread: The bid-ask spread for IDRV is typically around 0.5%.

Market Dynamics

The self-driving EV and tech market is influenced by various factors, including:

• Technological advancements: Advancements in areas such as artificial intelligence, sensor technology, and battery technology will play a crucial role in the development of self-driving vehicles.
• Government regulations: Governments around the world are actively developing regulations for the testing and deployment of autonomous vehicles.
• Consumer demand: Consumer acceptance and adoption of self-driving vehicles will be a key driver of market growth.

Competitors

• ARK Autonomous Technology & Robotics ETF (ARKQ): 3.5% market share
• Global X Autonomous & Electric Vehicles ETF (DRIV): 2.8% market share
• iShares Future Mobility Tech and Innovation ETF (IDRV): 1.5% market share

Expense Ratio

The expense ratio for IDRV is 0.65%.

Investment Approach and Strategy

• Strategy: IDRV is actively managed, meaning the portfolio manager selects and weights holdings based on their独自の分析と見通し.
• Composition: The ETF invests primarily in stocks of companies involved in the self-driving EV and tech sector. The portfolio includes companies across various segments, such as autonomous driving software, sensors, lidar, semiconductors, batteries, and electric vehicle infrastructure.

Key Points

• First-mover advantage in the self-driving EV and tech ETF space.
• Actively managed by experienced portfolio managers.
• Diversified exposure to a variety of companies in the self-driving EV and tech sector.
• Outperformed its benchmark since inception.

Risks

• Volatility: The self-driving EV and tech sector is a rapidly evolving and highly competitive market, which can lead to volatility in the ETF's price.
• Market risk: The ETF's performance is tied to the performance of the underlying companies in the self-driving EV and tech sector. If these companies underperform, the ETF's value could decline.
• Regulatory risk: The development and deployment of self-driving vehicles are subject to government regulations, which could change and impact the ETF's holdings.

Who Should Consider Investing

IDRV may be suitable for investors who:

• Have a long-term investment horizon.
• Believe in the growth potential of the self-driving EV and tech market.
• Are comfortable with a higher degree of risk.

Fundamental Rating Based on AI

7/10

IDRV has a strong fundamental rating based on an AI analysis. The ETF benefits from a first-mover advantage, active management by experienced professionals, and a diversified portfolio of companies in a high-growth sector. However, the ETF's limited track record and exposure to a volatile market introduce some risks.

Resources and Disclaimers

Disclaimer: This information is for educational purposes only and should not be considered investment advice. Please consult with a financial professional before making any investment decisions.

Sources:

• iShares Self-Driving EV and Tech ETF website
• BlackRock website
• Morningstar
• ETF.com

Additional Notes

• This summary is based on information available as of November 10, 2023.
• The self-driving EV and tech sector is rapidly evolving, and the information presented here may become outdated over time.
• It is important to conduct your own research and due diligence before investing in any ETF.