Amid slowing growth and tariff uncertainty, THRO's theme-based approach has captured the evolving consumer opportunity more effectively than traditional sector indexes. 2025 performance of THRO thematic consumer exposure overweight vs. consumer sectors of S&P 500 Index Source: BlackRock Systematic, as of May 2025. Sector returns calculated by BlackRock Systematic using data from BlackRock, MSCI Barra.
