“Exponential technologies move beyond the traditional definition of technology to include entirely new categories such as bioinformatics, financial innovation, energy, and environmental systems,” said Sanjay Arya, head of Morningstar Indexes.

Although inspired by Ric Edelman, neither he nor Edelman Financial Services has received or will receive compensation from BlackRock or Morningstar in connection with the development or operation of XT or the index.