IAI

iShares U.S. Broker-Dealers & Securities Exchanges ETF

The iShares U.S. Broker-Dealers Index Fund seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the Dow Jones U.S. Select Investment Services Index.


US

EQUITY

Passive

MANAGEMENT STYLE

1.3 B

ASSETS UNDER MGMT

40 bp

EXPENSES
Fund Basics
Fund sponsorBarclays Global Investors
CategoryUS
Asset classEquity
Websitelink...
Inception dateMay 01, 2006
Assets (mns)$1,261
Expense ratio40 bp
CurrencyUSD
Sector Breakdown
Fund Structure
RegulationOpen-Ended Fund
DistributionsQuarterly
Taxation1099
Stock selectionMarket Cap
WeightingMarket Cap
Holdings TransparencyFull
Derivatives-basedNo
Options availableYes
Currency hedgedNo
Fund of fundsNo
Top 10 Holdings Complete list  + 
GOLDMAN SACHS GROUP INC 13.8 %
S&P GLOBAL, INC. 12.5 %
MORGAN STANLEY 11.8 %
SCHWAB (CHARLES) CORP 6.6 %
CME GROUP INC 4.6 %
ROBINHOOD MARKETS, INC. CLASS A 4.5 %
MOODY'S CORP 4.4 %
INTERCONTINENTALEXCHANGE INC 4.4 %
COINBASE GLOBAL, INC. CLASS A 4.3 %
MSCI INC-A 4.2 %
Constituent Breakdown
Number of holdings33
Herfindahl-Hirschman Index 720
Wgt avg mkt cap (mns)$97,046
Large cap (>$10bn)91.6%
Mid cap ($2-10bn)7.1%
Small cap (<$2bn)0.3%
Developed mkts.99.1%
Emerging mkts.0.0%
Country Exposure
UNITED STATES 99.0 %
Historical Performance


Standardized Performance (as of 04/30/2025)
 YTD1 YR2 YR3 YR5 YR10 YR20 YRIncep.
Price Returns -2.2% 26.5% 23.8% 16.6% 19.6% 12.7% -- 5.5%
Dividend Yield 0.0% 0.8% 1.6% 1.7% 1.9% 1.8% -- 1.6%
Total Returns -2.2% 27.2% 25.4% 18.3% 21.5% 14.6% -- 7.1%
Ann. Volatility 34.4% 24.7% 20.7% 21.9% 22.4% 23.2% -- 29.2%
Market Correlations
versus...BetaR-squared
S&P 5001.1265%
MSCI EAFE0.9146%
MSCI Emg Mkts0.6121%
Liquidity Measures
Avg. volume (000)132
ADV traded (mns)$21
Turnover1.6%
Avg. Bid/Ask (% of price)0.27%
Technical Indicators
Recent close$156.59
30d moving avg.$136.53
Annualized volatility22.9%
Relative strength (RSI)55
Short interest1.2%
Distributions
Assets Under Management (mns)

Money Flows (mns)

Short Interest (as % of shares outstanding)

Long Money Flows (mns)

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Risk and Returns: vs. Comps (1 YR)

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Results & Estimates
  2020 2021 2022 2023 2024 2025 2026  
Sales per share -- -- -- -- -- -- --
  change (%) -- -- -- -- -- -- --
Earnings per share -- -- -- -- -- -- --
  change (%) -- -- -- -- -- -- --
Dividends per share -- -- -- -- -- -- --
  change (%) -- -- -- -- -- -- --
Book value per share -- -- -- -- -- -- --
  change (%) -- -- -- -- -- -- --
Return on Equity
Net Margins

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Valuation Metrics
  Fwd Est 2024 2025 2026
Price-to-sales --x --x --x --x
Price-to-earnings --x --x --x --x
Price-to-cash flow --x --x --x --x
Price-to-growth --x --x --x --x
Price-to-book value --x --x --x --x
Yield --% --% --x --%
Based on closing prices from 5/17/2025
Historical Valuation Trends Sample data. Subscribe for access.

SHOWING:
Price-to-Earnings



Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.

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ETF Research Center Rating

UNDERWEIGHT

Below average appreciation potential. A rating of UNDERWEIGHT is assigned to ETFs with ALTAR Scores in the 2nd quintile (ranking higher than only 20%-40%) of their category. Typically, funds in this category consist of stocks trading at relatively expensive valuations and/or having below-average fundamentals.

ALTAR Score™

4.3%

Cat. Avg

5.9%


ALTAR Score™ Calculation

Category Overview
There are 937 funds in the US Equity category, with an average ALTAR Score™ of 5.9% and a standard deviation of 2.3%. 's ALTAR Score™ is approximately 0.7 standard deviations below the category average. This places in the 24th percentile among funds in the category.
Sell Side Consensus Rating

Sell-side recommendations on the ETF's individual constituents

IAI
Peer Average
SELL
U/W
HOLD
O/W
BUY
Factor Scorecard

SIZE
VALUE
YIELD
MOMENTUM
VOLATILITY
QUALITY
Expense Analysis

Peer Group Passive
US Equity ETFs
# of ETFs 192
Avg. Expense Ratio 31.0 bp
Std. Deviation 25.7 bp
(40 bp) Percentile rank 64
Peer Group Expense Ratio Distribution


Total Cost of Ownership (TCO) Comparison
Expense (bp)
(A)
Avg. Bid/Ask (bp)
(B)
TCO (bp)
(A)+(B)
40.0 0.0 40
Peer Avg. 27.5 6.4 33.9
  For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .