AUM $25.8MER 0.49%NAV $28.65Holdings 87Inception Sep 2023
Price Chart
Key Statistics
Previous Close
$29.00Day Range
$28.94$29.12
52-Week Range
$28.04$34.37
Avg Volume
14.6KDividend Yield
—Expense Ratio
0.49%AUM
$25.8MShares Outstanding
900.0KETF 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 % |
|---|---|
| United States | 79.82% |
| Canada | 7.91% |
| Sweden | 2.92% |
| Australia | 1.95% |
| United Kingdom | 1.95% |
| New Zealand | 1.88% |
| Singapore | 0.96% |
| Norway | 0.96% |
| France | 0.95% |
| Other | 0.71% |
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 $25.8M 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 37.0% of the fund
| Rank | Symbol | Name | Weight % | Shares | Market Value |
|---|---|---|---|---|---|
| 1 | — | BLK CSH FND TREASURY SL AGENCY | 14.39% | 3,710,000 | $3.7M |
| 2 | — | CASH COLLATERAL USD BZUFT | 12.28% | 3,165,000 | $3.2M |
| 3 | — | CRH AMERICA FINANCE INC 144A | 2.01% | 520,000 | $519K |
| 4 | — | KOCH COMPANIES LLC | 1.32% | 340,000 | $339K |
| 5 | — | DTE ELECTRIC CO | 1.20% | 310,000 | $309K |
| 6 | — | PROCTER & GAMBLE COMPANY (THE) 144A | 1.16% | 300,000 | $299K |
| 7 | — | GLENCOVE FUNDING LLC 144A | 1.16% | 300,000 | $299K |
| 8 | — | COLUMBIA FUNDING COMPANY LLC 144A | 1.16% | 300,000 | $299K |
| 9 | — | OMERS FINANCE TRUST 144A | 1.16% | 300,000 | $299K |
| 10 | — | SHINHAN BANK NEW YORK 144A | 1.12% | 290,000 | $289K |
| 11 | — | BUNGE LTD FINANCE CORP 144A | 1.04% | 270,000 | $269K |
| 12 | — | WELLS FARGO BANK NA | 1.03% | 260,000 | $266K |
| 13 | — | ASB BANK LIMITED 144A | 1.03% | 270,000 | $265K |
| 14 | — | LLOYDS BANK CORPORATE MARKETS PLC | 1.02% | 260,000 | $262K |
| 15 | — | TORONTO-DOMINION BANK (NEW YORK BR | 1.01% | 260,000 | $261K |
Page 1 of 2
Detailed Returns
| Period | Return | ETF |
|---|---|---|
| 1D | +0.05% | |
| 1W | +1.82% | |
| 1M | -7.99% | |
| 3M | +0.09% | |
| 6M | -5.58% | |
| YTD | -5.58% | |
| 1Y | -5.58% | |
| 3Y | -5.58% | |
| 5Y | -5.58% |
Moving Averages
20-Day MA
$29.57
Below 20-Day MA50-Day MA
$30.42
Below 50-Day MA200-Day MA
$22.17
Above 200-Day MAPrice with Moving Averages
Support & Resistance
52-Week High
$34.37
Current Price
$29.02
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(764 ETFs) |
|---|---|---|
| Fund Info | ||
| Expense Ratio | 0.49% | 0.69% |
| AUM | $25.8M | $3.58B |
| Dividend Yield | — | 4.83% |
| Avg Volume | 14.6K | 879.6K |
| Holdings | 87 | 238 |
| Performance | ||
| 1-Month Return | -7.99% | -2.11% |
| 6-Month Return | -8.06% | +0.40% |
| YTD Return | — | +4.92% |
| 1-Year Return | — | +2.22% |
Compare with Another ETF
Search for an ETF to compare with ISTM:
FREE DOWNLOAD
The Beginner's Guide to ETFs
20 pages. Zero fluff. Everything you need to start investing in ETFs.
No spam. Unsubscribe anytime.