Key stats
About iShares U.S. Broker-Dealers & Securities Exchanges ETF
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Inception date
May 1, 2006
Structure
Open-Ended Fund
Replication method
Physical
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 funds value. The fund undergoes quarterly rebalancing.
Classification
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
Finance
Commercial Services
Stocks99.88%
Finance77.63%
Commercial Services16.26%
Technology Services5.99%
Bonds, Cash & Other0.12%
Mutual fund0.10%
Cash0.02%
Stock breakdown by region
North America100.00%
Latin America0.00%
Europe0.00%
Asia0.00%
Africa0.00%
Middle East0.00%
Oceania0.00%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
IAI invests in stocks. The fund's major sectors are Finance, with 77.63% stocks, and Commercial Services, with 16.26% of the basket. The assets are mostly located in the North America region.
IAI top holdings are Goldman Sachs Group, Inc. and Morgan Stanley, occupying 14.15% and 12.03% of the portfolio correspondingly.
IAI last dividends amounted to 0.46 USD. The quarter before, the issuer paid 0.43 USD in dividends, which shows a 6.45% increase.
IAI assets under management is 1.27 B USD. It's risen 6.74% over the last month.
IAI fund flows account for −243.27 M USD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
Yes, IAI pays dividends to its holders with the dividend yield of 1.04%. The last dividend (Mar 21, 2025) amounted to 0.46 USD. The dividends are paid quarterly.
IAI shares are issued by BlackRock, Inc. under the brand iShares. The ETF was launched on May 1, 2006, and its management style is Passive.
IAI expense ratio is 0.40% meaning you'd have to pay 0.40% of your investment to help manage the fund.
IAI follows the DJ US Select / Investment Services. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
IAI invests in stocks.
IAI price has risen by 2.62% over the last month, and its yearly performance shows a 35.77% increase. See more dynamics on IAI price chart.
NAV returns, another gauge of an ETF dynamics, have risen by 5.83% over the last month, showed a 14.41% increase in three-month performance and has increased by 35.59% in a year.
NAV returns, another gauge of an ETF dynamics, have risen by 5.83% over the last month, showed a 14.41% increase in three-month performance and has increased by 35.59% in a year.
IAI trades at a premium (0.03%) meaning the ETF is trading at a higher price than the calculated NAV.