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The iShares Robotics and Artificial Intelligence Multisector ETF (IRBO) is an exchange-traded fund that seeks to track the performance of a global index composed of companies involved in the development, application, and commercialization of robotics and artificial intelligence technologies. The ETF is managed by BlackRock through the iShares platform and trades under the ticker IRBO on NYSE Arca.
Classified as a global equity ETF with a thematic focus on robotics and artificial intelligence, IRBO aims to reflect, before fees and expenses, the performance of the securities included in its benchmark index.
The fund follows a passive management strategy, replicating the NYSE FactSet Global Robotics and Artificial Intelligence Index, maintaining a portfolio structured to mirror the composition and methodology of the benchmark.
Diversification and sector exposure
IRBO provides exposure to multiple segments of the global technology and innovation ecosystem, including companies operating in areas such as:
• Information technology
• Industrial robotics
• Process automation
• Applied artificial intelligence
• Software and digital solutions
• Electronic equipment
• Research and technological development
This composition offers access to multiple stages of the value chain associated with digital and industrial transformation.
Structure and costs
IRBO shares trade on the secondary market on NYSE Arca during regular trading hours. Creation and redemption occur through authorized participants, helping maintain alignment between market price and net asset value.
The fund charges a management fee as outlined in its prospectus and does not apply a performance fee. The ETF is not primarily focused on regular income distributions, as many of its underlying companies prioritize reinvestment for innovation and expansion.
History and evolution of the ETF
The iShares Robotics and Artificial Intelligence Multisector ETF was launched in 2018, during a period of growing global interest in automation, digital transformation, and emerging technologies.
Since inception, the fund has been used as a thematic vehicle for exposure to robotics and artificial intelligence companies across multiple markets.
In recent years, IRBO has reflected the acceleration of generative AI, the expansion of industrial automation, the development of semiconductor infrastructure, and the impact of interest rate cycles on growth-oriented technology companies.
Additional Information
iShares Robotics and Artificial Intelligence Multisector ETF (United States) is an exchange-traded fund (ETF), with assets under management totaling $641.19 Millions.
Over the past 12 months, iShares Robotics and Artificial Intelligence Multisector ETF recorded a return of 0.00%, with its price trading between $0.00 and $0.00 during the same period.
The ETF is traded under the ticker IRBO.
