iShares Transition-Enabling Metals ETFiShares Transition-Enabling Metals ETFiShares Transition-Enabling Metals ETF

iShares Transition-Enabling Metals ETF

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Key stats


Assets under management (AUM)
‪11.93 M‬USD
Fund flows (1Y)
‪−3.01 M‬USD
Dividend yield (indicated)
0.90%
Discount/Premium to NAV
−2.3%

About iShares Transition-Enabling Metals ETF


Issuer
Blackrock Finance, Inc.
Brand
iShares
Expense ratio
0.47%
Home page
Inception date
Sep 28, 2023
Index tracked
ICE Clean Energy Transition Metals Index - Benchmark TR Net
Management style
Passive
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.

Classification


Asset Class
Commodities
Category
Industrial metals
Focus
Broad market
Niche
Front month
Strategy
Multi-factor
Weighting scheme
Multi-factor
Selection criteria
Multi-factor

Returns


1 month3 monthsYear to date1 year3 years5 years
Price performance
NAV total return

What's in the fund


As of November 7, 2024
Exposure type
Bonds, Cash & Other
Corporate
Cash
Mutual fund
Government
Bonds, Cash & Other100.00%
Corporate39.80%
Cash36.06%
Mutual fund11.74%
Government10.30%
Miscellaneous2.09%
Top 10 holdings

Dividends


Dividend payout history

Assets under management (AUM)



Fund Flows