iShares Virtual Work and Life Multisector ETF
IWFH
New York Stock Exchange Arca- -
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
FRC
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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
- United States of America
- IPO Date
- Oct 2, 2020
- Similar Companies
- Business
- iShares Virtual Work and Life Multisector ETF (IWFH) is an exchange-traded fund that seeks to track the investment results of the NYSE FactSet Global Virtual Work and Life Index, composed of U.S. and non-U.S. equity securities issued by companies providing products, services, and technologies that empower remote work (Tele-Work) and support a virtual lifestyle (Tele-Life) across entertainment, wellness, and learning. The Fund employs a representative sampling indexing strategy, investing at least 80% of its assets in component securities of the Underlying Index or depositary receipts representing such securities, as well as limited exposure to futures, options, swaps, cash, and cash equivalents; it holds approximately 73 securities, with top holdings including Cloudflare Inc., Duolingo Inc., Zomato Ltd., Monday.com Ltd., Nexon Ltd., Snap Inc., Braze Inc., Microsoft Corp., Netflix Inc., and Dropbox Inc., representing about 21.78% of assets, and sector allocations led by information technology (41.05%), communication services (30.08%), and consumer discretionary (19.63%). Launched on September 29, 2020, the ETF is managed by BlackRock Fund Advisors, part of BlackRock, Inc., headquartered in New York, New York, and trades on NYSE Arca with a CUSIP of 46436E585 and an expense ratio of 0.47%; it targets investors seeking thematic exposure to global large-, mid-, and small-capitalization companies primarily listed in 41 developed and emerging markets, including significant weightings in communication services, consumer discretionary, and information technology sectors. The Underlying Index is reconstituted annually and rebalanced semi-annually by ICE Data Indices, LLC, using float-adjusted market capitalization weighting with individual constituent caps at 2%, selecting companies based on FactSet Revere Business Industry Classification System (RBICS) revenue mapping to Tele-Work and Tele-Life themes, minimum float-adjusted market capitalization of $300 million ($225 million for existing constituents), and three-month average daily trading volume of $2 million ($1.5 million for existing constituents). No major acquisitions, funding rounds, partnerships, or strategic shifts have been reported for the ETF in the last 1-2 years; it maintains its thematic focus amid market volatility, with net assets of approximately $2.99 million as of June 30, 2024, a 30-day SEC yield of -0.25%, beta versus S&P 500 of 1.05 over three years, and portfolio turnover of 47% in the most recent fiscal year.