IAI
iShares U.S. Broker-Dealers & Securities Exchanges ETF·NYSE
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Key Stats
Assets Under Management
1.87BUSD
Fund Flows (1Y)
-482.15MUSD
Dividend Yield
0.96%
Discount/Premium to NAV
-0.07%
Shares Outstanding
10.45M
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
Returns
1-Month | 3-Month | YTD | 1-Year | 3-Year | 5-Year | |
|---|---|---|---|---|---|---|
Price Performance | -5.61% | +1.62% | -0.85% | +13.31% | +73.61% | +107.43% |
NAV Total Return | -7.97% | +0.83% | -4.34% | +12.46% | +75.68% | +118.26% |
Ratings
No data is currently available
Ainvest’s AI-powered ETF Scoring Algorithm, built to help retail investors make smarter, data-driven decisions. Leveraging deep learning, reinforcement learning, and large language models, the algorithm scores ETFs across five key dimensions: Fund Flow, Momentum, Safety, Fundamentals, and Performance. Each factor is weighted by its correlation to future returns, resulting in a single, actionable score. Backtested over five years with consistently strong predictive accuracy. Ainvest brings institutional-grade artificial intelligence to everyday investors—transforming complexity into clarity with every score.
Holdings Analysis
Sector
Financial Services
99.87%
Technology
0.13%
Financial Services
99.87%
Technology
0.13%
Asset
Region
100%
Category
Ratio
North America
100.00%
Investment Style
Mega
Large
Medium
Multi
Small
Value
Blend
Growth
Multi-Cap Blend
Provides exposure to companies of various sizes that exhibit both growth and value characteristics. This category offers a diversified portfolio with a mix of market caps.
Top 10 Holdings
Symbol
Ratio
GS
Goldman Sachs
18.00%
MS
Morgan Stanley
14.32%
SCHW
The Charles Schwab
11.49%
CME
CME Group
5.23%
ICE
Intercontinental Exchange
4.91%
MCO
Moody'S
4.47%
MSCI
Msci
4.39%
SPGI
S&P Global
4.31%
NDAQ
Nasdaq
3.99%
IBKR
Interactive Brokers Group
3.19%
Top 10 Weight 74.3%
36 Total Holdings
Is SPY better than IAI?
Dividends
Dividend Payout History
Declaration Date | Record Date | Payment Date | Amount |
|---|---|---|---|
| 2025-12-16 | 2025-12-16 | 2025-12-19 | 0.446 |
| 2025-09-16 | 2025-09-16 | 2025-09-19 | 0.436 |
| 2025-06-16 | 2025-06-16 | 2025-06-20 | 0.359 |
| 2025-03-18 | 2025-03-18 | 2025-03-21 | 0.464 |
| 2024-12-17 | 2024-12-17 | 2024-12-20 | 0.434 |
| 2024-09-25 | 2024-09-25 | 2024-09-30 | 0.361 |
| 2024-06-11 | 2024-06-11 | 2024-06-17 | 0.364 |
Show more
How Much Does IAI Pay in Dividends?
Premium/Discount Chart
Assets Under Management
Should I buy IAI?
Fund Flows
