iShares U.S. Industry Rotation Active ETF
INRO
NASDAQ Global Market- -
USD
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- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 50 Hudson Yards New York NY United States of America 10001
- IPO Date
- Mar 28, 2024
- Website
- ishares.com
- Similar Companies
- Business
- iShares U.S. Industry Rotation Active ETF (INRO) is an actively managed exchange-traded fund that seeks long-term capital appreciation by investing primarily in U.S.-listed equity securities and derivatives with similar economic characteristics, focusing on dynamic industry rotation strategies across diversified sectors. The fund, managed by BlackRock Fund Advisors (BFA), a subsidiary of BlackRock, Inc., normally holds common stocks from industries comprising the MSCI USA Index or, at times, the Russell 3000 Index; it may also invest in exchange-traded funds, cash equivalents, and money market funds advised by BFA or affiliates. BFA employs a rotation strategy that dynamically adjusts exposures around benchmark allocations, tilting toward favorable industries based on five sources of return including economic cycle information, valuation, quality metrics, analyst expectations, and recent industry trends; the fund engages in active and frequent trading, uses derivatives such as options, futures, swaps, and forwards for enhanced returns or hedging, and maintains a non-diversified portfolio with approximately 465-472 holdings across growth and value stocks in various market capitalizations. Launched on March 26, 2024, as BlackRock U.S. Industry Rotation ETF and subsequently renamed iShares U.S. Industry Rotation Active ETF, the fund is domiciled in the United States and listed on The Nasdaq Stock Market LLC. Headquartered through its adviser at 400 Howard Street, San Francisco, California, it targets investors seeking exposure to U.S. equity markets via active management in the large blend category, benchmarking against the MSCI USA Index. The fund operates primarily in the North American developed markets, with assets under management around $29-31 million, a management fee of 0.42%, and a portfolio turnover rate of 107% from inception to the most recent fiscal year end. Recent developments include the addition of Phil Hodges as portfolio manager effective August 1, 2025, joining Michele Freed, Michael Gates, CFA, and Lisa O'Connor, CFA, who have managed the fund since inception; this change reflects ongoing enhancements to the management team. BFA has contractually agreed to waive a portion of management fees equal to acquired fund fees and expenses through June 30, 2026, supporting cost efficiency amid active trading. The fund continues to emphasize real-time portfolio adjustments leveraging BlackRock's Multi-Asset Strategies & Solutions team, with integrations like commission-free trading availability through Fidelity and focus on emerging trends such as AI and tech investments.