BTHM ETF — Holdings & Analysis

The fund's strategy targets companies expected to benefit from future trends, with a significant allocation to the technology sector.

Blackrock Future U.S. Themes ETF (BTHM) ETF — Price, Holdings & Analysis

The Blackrock Future U.S. Themes ETF (BTHM) is an equity ETF with $0.01B in assets under management and an expense ratio of 0.60%. BTHM focuses on U.S. equity securities with above-average earnings growth potential, making it a non-diversified fund. The fund's strategy targets companies expected to benefit from future trends, with a significant allocation to the technology sector.

ETF Overview

Under normal market conditions, the fund will invest at least 80% of its net assets plus any borrowings for investment purposes in U.S. equity securities that BFA believes have above-average earnings growth potential. Equity securities include common stocks, preferred stocks, convertible securities, warrants and depositary receipts whose price is linked to the value of common stock. The fund is non-diversified.

BTHM aims to capture the performance of U.S. companies believed to have strong earnings growth potential. The fund invests at least 80% of its assets in U.S. equity securities, including common stocks, preferred stocks, convertible securities, warrants, and depositary receipts. BTHM is non-diversified, meaning it can invest a significant portion of its assets in a smaller number of holdings. This strategy allows for potentially higher returns but also increases risk. The ETF's top holdings include NVIDIA Corp (7.10%), Microsoft Corp (5.42%), and Apple Inc (5.41%). Sector allocation is heavily weighted towards Technology (40.0%), followed by Industrials (14.9%), Consumer Defensive (14.8%), and Consumer Cyclical (14.0%). This concentration reflects the fund's focus on growth-oriented sectors. BTHM may appeal to investors seeking exposure to innovative U.S. companies with high growth prospects, but it is important to consider the fund's non-diversified nature and sector concentration.

Risk Metrics

BTHM's non-diversified structure and concentrated sector allocation create specific risks. The fund's significant investment in the Technology sector (40.0%) means its performance is highly correlated with the performance of that sector, making it vulnerable to technology-specific downturns. Similarly, its top holdings, such as NVIDIA Corp (7.10%), Microsoft Corp (5.42%), and Apple Inc (5.41%), expose the fund to company-specific risks. With a 0.60% expense ratio, BTHM has a higher cost than some other broad market equity ETFs, which can create a drag on returns over time. Investors should be aware of these concentration and expense-related risks before investing in BTHM. Past performance does not guarantee future results.

Expense Ratio

0.60%

What does BTHM hold?

Holding	Weight
NVIDIA Corp (NVDA)	7.10%
Microsoft Corp (MSFT)	5.42%
Apple Inc (AAPL)	5.41%
Walmart Inc (WMT)	3.62%
TJX Companies Inc (TJX)	3.08%
Costco Wholesale Corp (COST)	2.96%
Ross Stores Inc (ROST)	2.90%
Pilgrims Pride Corp (PPC)	2.82%
Procter & Gamble Co (PG)	2.75%
GE Aerospace (GE)	2.60%

How Is the Fund Allocated?

Sector	Weight
Technology	40.0%
Industrials	14.9%
Consumer Defensive	14.8%
Consumer Cyclical	14.0%
Communication Services	4.6%
Healthcare	3.2%
Financial Services	3.1%
Energy	3.0%
Basic Materials	1.7%
Utilities	0.7%

Country	Weight
United States	93.6%
Ireland	1.8%
Canada	0.6%
Luxembourg	0.4%
Other	0.8%
Netherlands	0.0%
Israel	1.8%
United Kingdom	0.7%
Switzerland	0.2%

Dividend Yield

0.30%

Invesco QQQ Trust, Series 1 (QQQ) — 0.18% expense ratio
State Street Technology Select Sector SPDR ETF (XLK) — 0.08% expense ratio
State Street Energy Select Sector SPDR ETF (XLE) — 0.08% expense ratio
State Street SPDR Dow Jones Industrial Average ETF Trust (DIA) — 0.16% expense ratio
iShares Russell 2000 ETF (IWM) — 0.19% expense ratio
State Street Financial Select Sector SPDR ETF (XLF) — 0.08% expense ratio
iShares MSCI Emerging Markets ETF (EEM) — 0.72% expense ratio
State Street SPDR S&P 500 ETF (SPY) — 0.09% expense ratio

Risk Metrics

Beta: 0.00

Questions & Answers

What is BTHM and what does it track?

The Blackrock Future U.S. Themes ETF (BTHM) is an equity ETF managed by BlackRock. It aims to invest in U.S. equity securities that are believed to have above-average earnings growth potential.

The fund is non-diversified, allowing it to concentrate its investments in a smaller number of companies.

What is the expense ratio for BTHM?

The expense ratio for BTHM is 0.60%. This means that for every $10,000 invested in the fund, $60 is deducted annually to cover operating expenses. While this provides access to a portfolio of growth-oriented U.S.

equities, the expense ratio is higher than some broad market equity ETFs. Investors should consider the impact of this expense ratio on their overall returns, especially in comparison to passively managed ETFs with lower fees.

What are the top holdings in BTHM?

As of 2026-03-15, the top holdings in BTHM are NVIDIA Corp (7.10%), Microsoft Corp (5.42%), Apple Inc (5.41%), Walmart Inc (3.62%), and TJX Companies Inc (3.08%). These companies represent a significant portion of the fund's assets.

The concentration in these top holdings means that the fund's performance is closely tied to the performance of these individual companies.

Is BTHM a good long-term investment?

Whether BTHM is a suitable long-term investment depends on an individual investor's risk tolerance and investment goals. The fund focuses on U.S. equities with high growth potential, which can lead to higher returns but also higher volatility.

BTHM's non-diversified structure and concentrated sector allocation (particularly in Technology) add to its risk profile.

How does BTHM compare to similar ETFs?

BTHM differentiates itself through its focus on U.S. companies with above-average earnings growth potential and its non-diversified approach. Compared to broad market ETFs, BTHM has a higher expense ratio of 0.60%.

Its AUM of $0.01B is relatively small compared to more established ETFs.

Does BTHM pay dividends?

Yes, BTHM does pay dividends. As of 2026-03-15, the fund has a dividend yield of 0.30%. This yield represents the annual dividend income an investor can expect to receive as a percentage of the fund's share price.

While BTHM offers a dividend, its primary focus is on capital appreciation through growth stocks, so the dividend yield is relatively low compared to income-focused ETFs.