iShares Future Metaverse Tech and Communications ETF (IVRS)

Overview

The described entity is a fund that specifically targets the investment opportunities within the burgeoning metaverse and virtual interactions domain. The underlying index that it tracks is constituted of equity securities from both U.S. and non-U.S. companies considered to be enablers or pivotal players in the metaverse sector, as identified by Morningstar or its affiliates. This fund is characterized by a strategy that involves committing at least 80% of its assets towards the securities that make up its underlying index, or towards investments that are perceived to have economic characteristics closely mirroring those of the index's components. Being non-diversified, it leans heavily into its specific sector focus, differentiating itself from funds that spread their investments across a broader range of sectors or industries.

Products and Services

• Investment in Equity Securities of Metaverse Enablers:

  The fund primarily invests in equity securities, including stocks of U.S. and non-U.S. companies that are considered to be facilitators or foundational players of the metaverse and virtual interaction spaces. This includes companies involved in software, hardware, content creation, and delivery platforms that make up the infrastructure and user experience of the metaverse.

• Investments Matching Economic Characteristics of Underlying Index:

  In addition to direct investment in the component securities of its underlying index, the fund seeks out investments that have economic characteristics nearly identical to those securities. This may include derivative products or other financial instruments that mimic the performance of the index securities, providing a broader scope of investment strategies to achieve its objectives.