iShares MSCI China Multisector Tech ETF

iShares MSCI China Multisector Tech ETF (TCHI) is a BlackRock index fund. It tracks the MSCI China Technology Sub-Industries Select Capped Index, which holds large and mid-size Chinese companies in 24 technology-related industries. Internet-focused funds lean on online platforms, but TCHI also owns PC, chip and battery makers, and the index caps each corporate group at 4%. It charges 0.59% a year and held just $44.7 million as of August 31, 2026.

• Over the year to Oct 27, 2026, TCHI returned -27.2%, 6th of 8 among similar funds.
• Its worst full calendar year was 2023 (-5.5%); its best was 2025 (+33.1%).
• The deepest fall in its price history was 40.1% (Mar 1, 2022 to Oct 24, 2022), recovered by Oct 7, 2024.

As of Aug 31, 2026, the fund held 192 securities; the ten largest made up 37.99% of assets, and 2.37% sat in cash and money-market holdings.

• Over the three months to Aug 31, 2026, investors added a net $2.6M (creations minus redemptions, per the N-PORT report).
• Monthly total returns reported for that quarter: +4.33%, -12.39%, +1.72%.

TCHI is an index fund managed by BlackRock Fund Advisors (BFA). It tracks the MSCI China Technology Sub-Industries Select Capped Index. MSCI builds that index from the MSCI China Index, which covers the top 85% of China's stock market by value. The parent index includes mainland A-shares, Hong Kong-listed shares and US-listed American Depositary Receipts. MSCI keeps only companies in 24 technology-related industries across six sectors: communication services, consumer discretionary, financials, healthcare, industrials and information technology. As of August 31, 2025, the index held 160 companies.

Stocks are weighted by free float market value, which counts only the shares that investors outside China can actually buy. At each quarterly rebalance, no single corporate group can exceed 4% of the index. Related companies count together toward that limit. Weights can drift between reviews, and the fund does not have to match the index exactly. As of August 31, 2026, Lenovo made up 6.6% of the fund.

BFA uses representative sampling. This means it holds a group of stocks that resembles the index rather than every member. At least 80% of assets go into index stocks or their depositary receipts. Up to 20% can go into futures, options, swaps, cash and other securities. As of August 31, 2026, the fund held a small MSCI China futures position worth about 0.01% of assets. The fund may also lend out up to one-third of its assets.

• TCHI charges 0.59% a year, versus an average of 0.6% for the similar funds below (2nd of 8, cheapest first).
• Using the prospectus's standard example, $10,000 invested would cost about $60 in the first year and $738 over 10 years (assuming a 5% annual return).

It is a small fund concentrated in one country and one theme, and it once fell 40.1%, so it suits a minor side position rather than a portfolio's foundation.

TCHI adds Chinese technology companies such as Lenovo, NetEase and Tencent, which most US-focused portfolios lack. It launched in January 2022, so it has no record from the 2008 or 2020 crashes. Its deepest drop was 40.1%, from March to October 2022. It took about 23.5 months to recover, in October 2024. Its worst calendar year was 2023, at -5.5%, yet it fell 27.2% in the 12 months to October 27, 2026. Someone who had to sell shares during a slump like that would lock in large losses.

The fund yielded 2.9% over the 12 months to October 27, 2026, and pays twice a year. It costs 0.59% a year, or $60 on $10,000 in the first year under the SEC's standard example. Past results don't predict the future, and a plan should look at the whole portfolio, not one fund.

Matched by holdings overlap from the latest N-PORT reports.