AUM $30.6MER 0.49%NAV $30.64Holdings 87Inception Sep 2023
Price Chart
Key Statistics
Previous Close
$30.45Day Range
$30.29$30.83
52-Week Range
$28.04$34.37
Avg Volume
7.8KDividend Yield
—Expense Ratio
0.49%AUM
$30.6MShares Outstanding
981.1KETF Grades
?ETF Grades compare this fund against others in the same category using percentile rankings across six factors. Grades range from A+ (top 5%) to F (bottom 20%). Updated daily.Sector Breakdown
| Sector | Weight % |
|---|---|
| Financial Services | 100.00% |
Country Allocation
| Country | Weight % |
|---|---|
| Other | 58.32% |
| United States | 41.68% |
Fund Information
- Issuer
- iShares
- Category
- Financial Services
- Inception Date
- Sep 26, 2023
- Description
- TMET invests in clean energy transition metals that support clean energy transition through exchange-traded futures contracts. The passively managed fund invests in metals futures contracts, such as copper, aluminum, silver, nickel, zinc, platinum, and cobalt that are used in clean energy technologies. A committee selects commodity futures using private and public data and reports relating to the use of such metals within the clean energy transition while considering availability, listing exchange, and liquidity. The commodity futures are reviewed at least annually and rebalanced quarterly, assigning weights based on liquidity and global production. The fund can manage up to 25% of its commodity exposure through a wholly owned Cayman Islands subsidiary that qualifies it as a regulated investment company as opposed to a commodities pool. Thus, the fund avoids Schedule K-1 payments and instead receives a Form 1099. The fund may invest in short-term fixed income securities as collateral.
Similar ETFs
The iShares Strategic Metals ETF (ISTM) is an exchange-traded fund issued by iShares that launched on Sep 26, 2023. It currently manages $30.6M in assets under management. The fund charges an expense ratio of 0.49%. The fund holds 87 securities in its portfolio. It falls under the Financial Services category.
Top 10 holdings represent 46.9% of the fund
| Rank | Symbol | Name | Weight % | Shares | Market Value |
|---|---|---|---|---|---|
| 1 | — | BLK CSH FND TREASURY SL AGENCY | 25.05% | 7,910,000 | $7.9M |
| 2 | — | CASH COLLATERAL USD BZUFT | 9.21% | 2,907,000 | $2.9M |
| 3 | — | TREASURY BILL | 3.16% | 1,000,000 | $999K |
| 4 | — | TREASURY BILL | 3.16% | 1,000,000 | $998K |
| 5 | — | TREASURY BILL | 1.58% | 500,000 | $499K |
| 6 | — | LIME FUNDING LLC 144A | 0.95% | 300,000 | $300K |
| 7 | — | NTT FINANCE AMERICAS INC 144A | 0.95% | 300,000 | $299K |
| 8 | — | AQUITAINE FUNDING COMPANY LLC 144A | 0.95% | 300,000 | $299K |
| 9 | — | PROCTER & GAMBLE COMPANY (THE) 144A | 0.94% | 300,000 | $298K |
| 10 | — | GLENCOVE FUNDING LLC 144A | 0.94% | 300,000 | $298K |
| 11 | — | COLUMBIA FUNDING COMPANY LLC 144A | 0.94% | 300,000 | $298K |
| 12 | — | OMERS FINANCE TRUST 144A | 0.94% | 300,000 | $298K |
| 13 | — | SHINHAN BANK NEW YORK 144A | 0.91% | 290,000 | $288K |
| 14 | — | WESTERN UNION CO 144A | 0.88% | 280,000 | $279K |
| 15 | — | US CP 144A | 0.85% | 270,000 | $270K |
Page 1 of 2
Detailed Returns
| Period | Return | ETF |
|---|---|---|
| 1D | +0.54% | |
| 1W | -2.17% | |
| 1M | +0.11% | |
| 3M | -2.41% | |
| 6M | -0.60% | |
| YTD | -0.60% | |
| 1Y | -0.60% | |
| 3Y | -0.60% | |
| 5Y | -0.60% |
Moving Averages
20-Day MA
$31.09
Below 20-Day MA50-Day MA
$30.12
Above 50-Day MA200-Day MA
$19.38
Above 200-Day MAPrice with Moving Averages
Support & Resistance
52-Week High
$34.37
Current Price
$30.62
52-Week Low
$28.04
$28.04$34.37
Current Yield
—
Annual Dividend
—
Frequency
—
Last Ex-Date
—
Dividends
No dividend data available for this ETF.
Category Comparison
| Metric | ISTM | Financial Services(845 ETFs) |
|---|---|---|
| Fund Info | ||
| Expense Ratio | 0.49% | 0.64% |
| AUM | $30.6M | $3.31B |
| Dividend Yield | — | 4.74% |
| Avg Volume | 7.8K | 728.2K |
| Holdings | 87 | 261 |
| Performance | ||
| 1-Month Return | -0.39% | -0.85% |
| 6-Month Return | — | +3.84% |
| YTD Return | — | +8.72% |
| 1-Year Return | — | +7.81% |
Compare with Another ETF
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