BFTR Profile
BFTR
is an exchange-traded fund (ETF) managed by BlackRock Inc. The ETF
seeks to track the performance of the Morningstar US Future Innovators
Index, which is designed to capture the performance of companies that
are expected to be at the forefront of innovation in the future.
The Morningstar US Future Innovators Index uses a proprietary
methodology to identify companies that are expected to drive future
innovation and technological progress. The index is composed of
companies that are selected based on factors such as research and
development spending, patent filings, and other measures of
innovation.
As of September 2021, the BFTR ETF had total net
assets of around $250 million and was invested in a diversified
portfolio of stocks from a range of sectors. The fund's top holdings
included companies such as Tesla, Square, Moderna, and Zoom Video
Communications.
In terms of performance, BFTR has delivered
strong returns since its inception in June 2020, with a return of
around 37% as of September 2021. The ETF's focus on companies at the
forefront of innovation and technological progress has helped to drive
its performance, as these companies may be well-positioned to grow and
outperform the broader market over the long term.
Investors
should keep in mind that like all investments, BFTR carries risks,
including the risk that the underlying Morningstar US Future
Innovators Index may not perform as expected or that individual
companies in the portfolio may experience declines in their innovation
or growth prospects. Additionally, the ETF charges an expense ratio of
0.45%, which is in line with the average expense ratio for ETFs that
track thematic or innovative investm
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