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iShares Transition-Enabling Metals ETF

ETF
TMET
Payout Change
Pending
Price as of:
$21.39 -0.22 -1.0%
primary theme
N/A
TMET (ETF)

iShares Transition-Enabling Metals ETF

Payout Change
Pending
Price as of:
$21.39 -0.22 -1.0%
primary theme
N/A
TMET (ETF)

iShares Transition-Enabling Metals ETF

Payout Change
Pending
Price as of:
$21.39 -0.22 -1.0%
primary theme
N/A

Name

As of 12/31/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

iShares Transition-Enabling Metals ETF

TMET | ETF

$21.39

$11.4 M

29.62%

$6.34

0.48%

Vitals

YTD Return

0.0%

1 yr return

8.6%

3 Yr Avg Return

N/A

5 Yr Avg Return

N/A

Net Assets

$11.4 M

Holdings in Top 10

32.1%

52 WEEK LOW AND HIGH

$21.6
$21.39
$31.85

Expenses

OPERATING FEES

Expense Ratio 0.48%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover N/A

Redemption Fee N/A

Min Investment

Standard (Taxable)

N/A

IRA

N/A

Fund Classification

Fund Type

Exchange Traded Fund

Name

As of 12/31/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

iShares Transition-Enabling Metals ETF

TMET | ETF

$21.39

$11.4 M

29.62%

$6.34

0.48%

TMET - Profile

Distributions

  • YTD Total Return 0.0%
  • 3 Yr Annualized Total Return N/A
  • 5 Yr Annualized Total Return N/A
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio N/A
DIVIDENDS
  • Dividend Yield 29.6%
  • Dividend Distribution Frequency Other

Fund Details

  • Legal Name
    iShares Transition-Enabling Metals ETF
  • Fund Family Name
    BlackRock-advised Funds
  • Inception Date
    Sep 28, 2023
  • Shares Outstanding
    N/A
  • Share Class
    N/A
  • Currency
    USD
  • Domiciled Country
    US

Fund Description

The Fund seeks to track the investment results of the ICE Clean Energy Transition Metals Index (the “Underlying Index”), which measures the performance of a basket of exchange-traded metals futures contracts representing the underlying metals that are extensively used in a wide range of clean energy technologies, as determined by ICE Data Indices, LLC “IDI” or the “Index Provider”). Examples of such clean energy technologies include solar panels, wind turbines, fuel cells, and electric vehicle batteries. The Index Provider’s Commodity Index Advisory Committee uses government, agency, and private company data and reports relating to the current and
expected future usage of metals within the clean energy transition, as well as consideration of the availability of commodity futures, listing exchange and liquidity level to determine eligibility. The eligible commodity futures are reviewed at least annually and currently include metals futures contracts such as copper, aluminum, silver, nickel, zinc, platinum, and cobalt. The Underlying Index is rebalanced on a quarterly basis. The rebalancing contract weights are calculated based on two factors: liquidity and average global production quantity of the commodity, each as measured by the Index Provider.
In seeking to achieve its investment objective, the Fund through its Subsidiary (as defined below) will invest in financial instruments that provide the same or similar exposure to commodities, and not in the physical commodities themselves. For example, the Fund may invest in “similar” metals futures contracts to those in the Underlying Index where exposure to the same underlying metal is available on a similar contract trading on a different exchange. To obtain its exposure to the commodities markets, the Fund may invest in a combination of exchange-traded commodity futures contracts and exchange-traded options on commodity-related futures contracts (together, “Commodity-Linked Investments”). INVESTING IN DERIVATIVE CONTRACTS MAY HAVE A LEVERAGING EFFECT ON THE FUND BECAUSE OF THE LEVERAGE INHERENT IN THE USE OF DERIVATIVES.
The Fund also seeks to generate interest income and capital appreciation on the cash balances arising from its investment in Commodity-Linked Investments through a cash management strategy consisting
primarily of investments in cash and cash equivalents, short-term, investment-grade fixed-income securities that include U.S. government and agency securities, treasury inflation-protected securities, sovereign debt obligations of non-U.S. countries, repurchase agreements and money market instruments (collectively, “Fixed-Income Investments”). The Fund uses Fixed-Income Investments as investments and to provide liquidity, serve as margin or collateralize the Subsidiary’s Commodity-Linked Investments exposure on a day-to-day basis. As of October 31, 2023, the Underlying Index was comprised of 7 components.
BFA uses an indexing approach to try to achieve the Fund’s investment objective. Unlike many investment companies, the Fund does not try to “beat” the index it tracks and does not seek temporary defensive positions when markets decline or appear overvalued.
Indexing may eliminate the chance that the Fund will substantially outperform the Underlying Index but also may reduce some of the risks of active management, such as poor selection of securities and/or other instruments. Indexing seeks to achieve lower costs and better after-tax performance by aiming to keep portfolio turnover low in comparison to actively managed investment companies.
The Fund’s selected investments, consisting of securities and/or other instruments, are expected to have, in the aggregate, investment characteristics (based on factors such as market value and industry weightings), fundamental characteristics (such as return
variability, duration, maturity, credit ratings and yield) and liquidity measures similar to those of an applicable underlying index.
The Fund will invest at least 80% of its assets, plus the amounts of any borrowings for investment purposes, in the same or similar metals futures contracts as the Underlying Index. Cash and cash equivalent investments associated with a futures contract will be treated as part of that position for purposes of calculating the percentage of investments not included in the same or similar metals futures contracts as the Underlying Index.
The Fund will seek to gain exposure to Commodity-Linked Investments by investing through a wholly-owned subsidiary organized in the Cayman Islands (the “Subsidiary”). The Subsidiary is advised by BFA and has the same investment objective as the Fund. Unlike the Fund, the Subsidiary is not an investment company registered under the Investment Company Act of 1940, as amended (the “1940 Act”). The Subsidiary will invest solely in Commodity-Linked Investments and cash.
In compliance with Subchapter M of the Internal Revenue Code of 1986, as amended (the “Internal Revenue Code”), the Fund may invest up to 25% of its total assets in the Subsidiary. The Fund’s Commodity-Linked Investments held in the Subsidiary are intended to provide the Fund with exposure to commodity markets within the limits of current U.S. federal income tax laws applicable to investment companies such as the Fund, which limit the ability of investment companies to invest directly in Commodity-Linked Investments.
The remainder of the Fund’s assets will be invested directly by the Fund, primarily in Fixed-Income Investments.
The Fund or the Subsidiary may from time to time invest in other exchange-traded funds (“ETFs”), exchange-traded notes, swaps or commodity-linked notes.
The Commodity Futures Trading Commission (“CFTC”) has adopted certain requirements that subject registered investment companies and their advisers to regulation by the CFTC if a registered investment company invests more than a prescribed level of its net asset value (“NAV”) in CFTC-regulated futures, options and swaps, or if a registered investment company markets itself as providing investment exposure to such instruments. Due to the Fund's potential use of CFTC-regulated futures, options and swaps above the prescribed levels, it is considered a “commodity pool” under the Commodity Exchange Act (“CEA”).
The Underlying Index is sponsored by IDI, which is independent of the Fund and BFA. The Index Provider determines the composition and relative weightings of the securities in the Underlying Index and publishes information regarding the market value of the Underlying Index.
Industry Concentration Policy. The Fund will concentrate its investments i.e., hold 25% or more of its total assets) in (i) equity securities issued by commodity-related companies, derivatives with exposure to commodity-related companies or investments in securities and derivatives linked to the underlying price movement of commodities, including but not limited to commodity-linked derivatives such as commodity-linked notes, commodity futures,
forward contracts and swaps and other similar derivative instruments and investment vehicles that invest in commodities, or commodity-linked derivatives, and (ii) the industry or group of industries that constitutes the energy sector. For purposes of this limitation, securities of the U.S. government (including its agencies and instrumentalities), repurchase agreements collateralized by U.S. government securities, and securities of state or municipal governments and their political subdivisions are not considered to be issued by members of any industry.
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TMET - Performance

Return Ranking - Trailing

Period TMET Return Category Return Low Category Return High Rank in Category (%)
YTD 0.0% N/A N/A N/A
1 Yr 8.6% N/A N/A N/A
3 Yr N/A* N/A N/A N/A
5 Yr N/A* N/A N/A N/A
10 Yr N/A* N/A N/A N/A

* Annualized

Return Ranking - Calendar

Period TMET Return Category Return Low Category Return High Rank in Category (%)
2024 -16.9% N/A N/A N/A
2023 N/A N/A N/A N/A
2022 N/A N/A N/A N/A
2021 N/A N/A N/A N/A
2020 N/A N/A N/A N/A

Total Return Ranking - Trailing

Period TMET Return Category Return Low Category Return High Rank in Category (%)
YTD 0.0% N/A N/A N/A
1 Yr 8.6% N/A N/A N/A
3 Yr N/A* N/A N/A N/A
5 Yr N/A* N/A N/A N/A
10 Yr N/A* N/A N/A N/A

* Annualized

Total Return Ranking - Calendar

Period TMET Return Category Return Low Category Return High Rank in Category (%)
2024 7.2% N/A N/A N/A
2023 N/A N/A N/A N/A
2022 N/A N/A N/A N/A
2021 N/A N/A N/A N/A
2020 N/A N/A N/A N/A

TMET - Holdings

Concentration Analysis

TMET Category Low Category High TMET % Rank
Net Assets 11.4 M N/A N/A N/A
Number of Holdings 47 N/A N/A N/A
Net Assets in Top 10 3.77 M N/A N/A N/A
Weighting of Top 10 32.05% N/A N/A N/A

Top 10 Holdings

  1. BlackRock Cash Funds: Treasury, SL Agency Shares 10.87%
  2. U.S. Treasury Bills 4.17%
  3. CREDIT INDL ET COML INSTL CTF 2.13%
  4. LLOYDS BANK CORPORATE 2.13%
  5. Sumitomo Mitsui Banking Corp/New York 2.12%
  6. Deutsche Bank AG/New York NY 2.12%
  7. HSBC Bank USA NA 2.12%
  8. Bank of Montreal/Chicago IL 2.12%
  9. WELLS FARGO BANK NA 2.12%
  10. Credit Agricole Corporate and Investment Bank/New York 2.12%

Asset Allocation

Weighting Return Low Return High TMET % Rank
Cash 		92.30% N/A N/A N/A
Bonds 		8.34% N/A N/A N/A
Stocks 		0.00% N/A N/A N/A
Preferred Stocks 		0.00% N/A N/A N/A
Convertible Bonds 		0.00% N/A N/A N/A
Other 		-0.64% N/A N/A N/A

Bond Sector Breakdown

Weighting Return Low Return High TMET % Rank
Cash & Equivalents 		86.75% N/A N/A N/A
Securitized 		0.00% N/A N/A N/A
Corporate 		0.00% N/A N/A N/A
Municipal 		0.00% N/A N/A N/A
Government 		0.00% N/A N/A N/A
Derivative 		-0.64% N/A N/A N/A

Bond Geographic Breakdown

Weighting Return Low Return High TMET % Rank
US 		8.34% N/A N/A N/A
Non US 		0.00% N/A N/A N/A

TMET - Expenses

Operational Fees

TMET Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.48% N/A N/A N/A
Management Fee 0.47% N/A N/A N/A
12b-1 Fee N/A N/A N/A N/A
Administrative Fee N/A N/A N/A N/A

Sales Fees

TMET Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A N/A N/A N/A
Deferred Load N/A N/A N/A N/A

Trading Fees

TMET Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A N/A N/A N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

TMET Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover N/A N/A N/A N/A

TMET - Distributions

Dividend Yield Analysis

TMET Category Low Category High TMET % Rank
Dividend Yield 29.62% N/A N/A N/A

Dividend Distribution Analysis

TMET Category Low Category High Category Mod
Dividend Distribution Frequency Other

Net Income Ratio Analysis

TMET Category Low Category High TMET % Rank
Net Income Ratio N/A N/A N/A N/A

Capital Gain Distribution Analysis

TMET Category Low Category High Capital Mode
Capital Gain Distribution Frequency

Distributions History

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TMET - Fund Manager Analysis

Tenure Analysis

Category Low Category High Category Average Category Mode
N/A N/A N/A N/A

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