iShares U.S. Telecommunications ETF (IYZ), issued by BlackRock Inc., seeks to track the investment results of an index composed of U.S. equities in the telecommunications sector, primarily the Russell 1000 Telecommunications RIC 22.5/45 Capped Index. The ETF provides investors with exposure to U.S.-based telecommunications service providers, such as AT&T Inc. and Verizon Communications Inc., and manufacturers of telecommunications equipment, including Cisco Systems Inc., T-Mobile US Inc., Motorola Solutions Inc., Ubiquiti Inc., and Ciena Corp.; top holdings also feature AST SpaceMobile Inc., Roku Inc., Lumentum Holdings Inc., and Charter Communications Inc. Launched on May 22, 2000 and domiciled in the United States with BlackRock's headquarters in New York, the fund operates with a management fee of 0.38% and focuses on large-cap U.S. companies in communications services and information technology segments. Recent developments include a quarterly distribution declaration of $0.1919 per share in December 2025 and increased hedge fund interest with capital invested rising to $545 million in Q3 2025, alongside new manager appointments such as Peter Sietsema, Matt Waldron, and Steven White effective April 2025. The ETF previously transitioned its benchmark index from the Dow Jones U.S. Select Telecommunications Index to the current Russell 1000 index.