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BlackRock Future Climate and Sustainable Economy ETF

BECO
$--
Today’s Change
-- (--)

Snapshot
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Inception Date
Aug 03 2021
Expense Ratio
0.70%
Type
Global Equities
Fund Owner
Blackrock (iShares)
Volume (1m avg. daily)
$13,055
AUM
$4,319,269
Associated Index
None
Inverse/Leveraged
No
Passive/Active
Active
Fractionable on Composer
No
Prospectus

Top 10 Holdings

XTSLA
BLK CSH FND TREASURY SL AGENCY
5.50%
AFN
AG GROWTH INTERNATIONAL INC
3.88%
DE
Deere & Co.
3.85%
EDPR
EDP RENOVAVEIS SA
3.82%
ENEL
ENEL
3.43%
NTR
Nutrien Ltd
3.24%
BG
Bunge Ltd.
3.13%
AQUA
Evoqua Water Technologies Corp
3.12%
FMC
FMC Corp.
2.94%
006400
Samsung SDI Co. Ltd.
2.89%
Invest with BECO

What is BECO?

The Fund seeks to maximize total return by primarily investing in companies that BFA believes are furthering the transition to a lower carbon economy including themes such as sustainable energy, circular economy, future of transport and nutrition. The Fund may invest in equity securities issued by U.S. and non-U.S. companies in any market capitalization range. The Fund intends for its portfolio of securities to be aligned with the goals of the United Nations-convened Net-Zero Asset Owner Alliance which seeks to align portfolios with a sub-2 C scenario, addressing Article 2.1c of the Paris Agreement. In order to align with a sub-2 C scenario, the Fund will: 1) seek to lower the carbon intensity of the portfolio on an annual basis, with the goal of seeking to ultimately reach a net zero greenhouse gas emissions portfolio in the aggregate by 2050; and 2) engage with the companies that account for 65% of greenhouse gas emissions in the portfolio each year. In addition, the Fund will not invest in companies currently operating in the following industries: coal & consumable fuels, oil & gas exploration & production, integrated oil & gas, tobacco, distillers & vintners, brewers, casinos & gaming and firearms & weapons. Further, the Fund will not invest in companies which violate the United Nations Global Compact. The Fund also intends for its aggregate Environmental, Social and Governance ( ESG ) score to be higher than that of the Underlying Index. While the Fund intends for its ESG score at the aggregate portfolio level to exceed the Underlying Index, individual portfolio securities will not have to meet a prescribed standard. The Fund may invest in companies of any market capitalization located anywhere in the world, including companies located in emerging markets.

ETFs related toBECO

ETFs correlated to BECO include SCHC, EXI, SPDW

BECO
BlackRock ETF Trust - BlackRock Future Climate and Sustainable Economy ETF
SCHC
Schwab Strategic Trust - Schwab International Small-Cap Equity ETF
EXI
BlackRock Institutional Trust Company N.A. - iShares Global Industrials ETF
SPDW
SSgA Active Trust - SPDR Portfolio Developed World ex-US ETF
VEA
Vanguard Group, Inc. - Vanguard FTSE Developed Markets ETF
VSS
Vanguard Group, Inc. - Vanguard FTSE All-World Ex-US Small Capital Index Fund ETF
IDEV
iShares Trust - iShares Core MSCI International Developed Markets ETF
VT
Vanguard Group, Inc. - Vanguard Total World Stock ETF
DFIS
Dimensional ETF Trust - Dimensional International Small Cap ETF
AVGE
American Century ETF Trust - Avantis All Equity Markets ETF
IQLT
BlackRock Institutional Trust Company N.A. - iShares MSCI Intl Quality Factor ETF

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

Automated Strategies
Related toBECO

#GLOMO

On Top of the World: Global Momentum

Category

Momentum, Lever Up, Go Global

Risk Rating

Moderate

Create your own algorithmic trading strategy with BECO using Composer

FAQ

BECO is a Global Equities ETF. The Fund seeks to maximize total return by primarily investing in companies that BFA believes are furthering the transition to a lower carbon economy including themes such as sustainable energy, circular economy, future of transport and nutrition. The Fund may invest in equity securities issued by U.S. and non-U.S. companies in any market capitalization range. The Fund intends for its portfolio of securities to be aligned with the goals of the United Nations-convened Net-Zero Asset Owner Alliance which seeks to align portfolios with a sub-2 C scenario, addressing Article 2.1c of the Paris Agreement. In order to align with a sub-2 C scenario, the Fund will: 1) seek to lower the carbon intensity of the portfolio on an annual basis, with the goal of seeking to ultimately reach a net zero greenhouse gas emissions portfolio in the aggregate by 2050; and 2) engage with the companies that account for 65% of greenhouse gas emissions in the portfolio each year. In addition, the Fund will not invest in companies currently operating in the following industries: coal & consumable fuels, oil & gas exploration & production, integrated oil & gas, tobacco, distillers & vintners, brewers, casinos & gaming and firearms & weapons. Further, the Fund will not invest in companies which violate the United Nations Global Compact. The Fund also intends for its aggregate Environmental, Social and Governance ( ESG ) score to be higher than that of the Underlying Index. While the Fund intends for its ESG score at the aggregate portfolio level to exceed the Underlying Index, individual portfolio securities will not have to meet a prescribed standard. The Fund may invest in companies of any market capitalization located anywhere in the world, including companies located in emerging markets.

The top holdings for BECO include BLK CSH FND TREASURY SL AGENCY, AG GROWTH INTERNATIONAL INC, and Deere & Co..

BECO has 60 total holdings.

Yes, BECO is actively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

No, BECO is not passively managed. It is actively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on BECO is 0.0548%. This is the percent change in the value of BECO over the most recent 1-month period. The 3-month return on BECO is 0.1325%. This is the percent change in the value of BECO over the most recent 3-month period.

The standard deviation of BECO for the past year is 0.234%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to BECO include EEMV, TAN, and PBW.

ETFs correlated to BECO include SCHC, EXI, and SPDW.

ETFs that are inversely correlated to BECO include EFZ, EPV, and SDS.

Disclaimers

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We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.