IAI
iShares U.S. Broker-Dealers & Securities Exchanges ETF·NYSE
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Key Stats
Assets Under Management
1.69BUSD
Fund Flows (1Y)
-464.71MUSD
Dividend Yield
0.92%
Discount/Premium to NAV
0.01%
Shares Outstanding
9.10M
Expense Ratio
0.38%
About iShares U.S. Broker-Dealers & Securities Exchanges ETF
Issuer
BlackRock Fund Advisors
Brand
iShares
Inception Date
May 1, 2006
Structure
Open-Ended Fund
Index Tracked
Dow Jones U.S. Select Investment Services Index
Management Style
Passive
Dividend Treatment
Distributes
Distribution Tax Treatment
Qualified dividends
Income Tax Type
Capital Gains
Max ST Capital Gains Rate
39.60%
Max LT Capital Gains Rate
20.00%
Primary Advisor
BlackRock Fund Advisors
Distributor
BlackRock Investments LLC
IAI delivers a tight focus on one subset of the financial industry, only capturing US broker-dealers while excluding other sectors like banks and other financial institutions. The fund bypasses investment management firms as it focuses squarely on broker-dealers and trading firms. While its selection universe is smaller than our benchmark, the fund avoids fancy methodology and simply weights the portfolio by market-cap. A concentrated fund to begin with well over half of IAI's assets are held in its top holdings. The fund uses a sampling method and caps each company to 22.5%, while the aggregate weight of companies with greater than 4.5% are capped at 45% of the fund's value. The fund undergoes quarterly rebalancing.
Classification
Asset Class
Equity
Category
Sector
Focus
Financials
Niche
Capital Markets
Strategy
Vanilla
Geography
U.S.
Weighting Scheme
Market Cap
Selection Criteria
Market cap
Analysis
Sector
Financial Services
99.87%
Technology
0.13%
Financial Services
99.87%
Technology
0.13%
Asset
Holdings
No data available
Related Funds
Seasonals
Volume Profile
Trade Flow Insight
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