IAT

iShares U.S. Regional Banks ETF

iShares Dow Jones US Regional Banks Index Fund seeks investment results that correspond generally to the price and yield performance of the Dow Jones US Select Regional Banks Index.


Passive, Concentrated

MANAGEMENT MATRIX

KBWB

CLOSEST COMP

FACTOR SCORECARD

SIZE
VALUE
YIELD
MOMENTUM
VOLATILITY
QUALITY
Fund Basics
Fund sponsorBarclays Global Fund Advisors
CategoryUS Equities
Asset classEquity
Websitelink...
Inception dateMay 01, 2006
Assets (mns)$745
Expense ratio39 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  + 
PNC FINANCIAL SERVICES GROUP 12.1 %
TRUIST FINANCIAL CORPORATION 11.4 %
US BANCORP 10.8 %
M & T BANK CORP 6.1 %
FIFTH THIRD BANCORP 4.4 %
FIRST REPUBLIC BANK/CA 4.2 %
SVB FINANCIAL GROUP 4.0 %
HUNTINGTON BANCSHARES INC 3.8 %
REGIONS FINANCIAL CORP 3.8 %
CITIZENS FINANCIAL GROUP, INC. 3.4 %
Constituent Breakdown
Number of holdings38
Herfindahl-Hirschman Index 581
Wgt avg mkt cap (mns)$29,685
Large cap (>$10bn)69.4%
Mid cap ($2-10bn)30.6%
Small cap (<$2bn)0.0%
Developed mkts.100.0%
Emerging mkts.0.0%
Country Exposure
UNITED STATES 98.9 %
PUERTO RICO 1.1 %
Historical Performance


Standardized Annual Returns (as of 08/31/2022)
YTD1 YR2 YR3 YR5 YR10 YRIncep.
-15.2% -9.4% 25.7% 8.7% 6.0% 10.0% 2.7%
Market Correlations
versus...BetaR-squared
S&P 5001.1149%
MSCI EAFE1.2559%
MSCI Emg Mkts1.2258%
Liquidity Measures
Avg. volume (000)118
Turnover0.8%
Avg. Bid/Ask (% of price)0.04%
ADV of underlying (mns)$2,479
Technical Indicators
Recent close$47.75
30d moving avg.$51.73
Annualized volatility30.7%
Relative strength (RSI)31
Short interest (ETF)0.7%
Short interest (underlying)1.7%
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: IAT vs. Comps (1 YR)

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Results & Estimates
  2017 2018 2019 2020 2021 2022E 2023E  
Sales per share -- -- -- -- -- -- --
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Earnings per share -- -- -- -- -- -- --
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Return on Equity
Net Margins
EPS Revision Activity (6 mo. ago = 100%)
Compound Annual Growth Rates

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Valuation Metrics
  2021 2022E Fwd Est 2023E
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 --%
2.5 8.8 1.0 3.6% --
Based on closing prices from 9/30/2022
Historical Valuation Trends Sample data. Subscribe for access.

SHOWING:
Price-to-Earnings
IAT



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 Fund Rating

Our measure of an ETF's overall investment merit

ALTAR Score™

IAT

10.7%

Cat. Avg

7.4%

Fund Category: US Equities

Avg. Return on Equity--%
Divided by: Fwd. P/BV--x
Less: Expenses-- bp
Equals: ALTAR Score™10.7%
Recommendation

SPECULATIVE

Deeply undervalued but risky. A rating of SPECULATIVE is assigned to ETFs with ALTAR Scores in the top quintile (the top 20%) of their category, indicating exceptional appreciation potential. However, often these are narrowly-focused funds or in industries with structural issues, which may also make them very risky. Nonetheless they may still be useful as part of a well-diversified portfolio.

Category Overview
There are 875 funds in the US Equities category, with an average ALTAR Score™ of 7.4% and a standard deviation of 3.2%. IAT's ALTAR Score™ is approximately 1.1 standard deviations above the category average. This places IAT in the 86th percentile among funds in the category.
Consensus Recommendation

Sell-side recommendations on the ETF's individual constituents

Composite
IAT
Peer Average
SELL
U/W
HOLD
O/W
BUY



Recent Trends


Breakdown

 

Market Activity
Latest price
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Volume
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Total Cost of Ownership (TCO) Comparison
Expense (bp)
(A)
Avg. Bid/Ask (bp)
(B)
TCO (bp)
(A)+(B)
IAT 39.0 4.1 43.1
Peer Avg. -- -- --
  For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .
Fundamental data for individual fund constituents sourced from FactSet Research Systems.