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iShares Global Timber & Forestry ETF
ETF
WOOD
Payout Change
Pending
Price as of:
$80.3
+0.71
+0.89%
primary theme
Natural Resources Industry Equity
WOOD (ETF)
iShares Global Timber & Forestry ETF
Payout Change
Pending
Price as of:
$80.3
+0.71
+0.89%
primary theme
Natural Resources Industry Equity
WOOD (ETF)
iShares Global Timber & Forestry ETF
Payout Change
Pending
Price as of:
$80.3
+0.71
+0.89%
primary theme
Natural Resources Industry Equity
Name
As of 11/22/2024Price
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
Vitals
YTD Return
0.3%
1 yr return
7.0%
3 Yr Avg Return
-0.8%
5 Yr Avg Return
6.1%
Net Assets
$199 M
Holdings in Top 10
57.4%
52 WEEK LOW AND HIGH
$79.6
$74.44
$86.17
Expenses
OPERATING FEES
Expense Ratio 0.41%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 18.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
N/A
IRA
N/A
Fund Classification
Fund Type
Exchange Traded Fund
Name
As of 11/22/2024Price
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
WOOD - Profile
Distributions
- YTD Total Return 0.3%
- 3 Yr Annualized Total Return -0.8%
- 5 Yr Annualized Total Return 6.1%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 1.78%
- Dividend Yield 3.1%
- Dividend Distribution Frequency SemiAnnual
Fund Details
-
Legal NameiShares Global Timber & Forestry ETF
-
Fund Family NameBlackRock-advised Funds
-
Inception DateJun 24, 2008
-
Shares Outstanding3540000
-
Share ClassN/A
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerGreg Savage
Fund Description
The Fund seeks to track the investment results of the S&P Global Timber & Forestry IndexTM (the “Underlying Index”), which measures the performance of companies engaged in the ownership, management or upstream supply chain of forests and timberlands from both developed and emerging markets. These include forest products companies, timber real estate investment trusts (“REITs”), paper products companies, paper packaging companies and agricultural products companies. Because many securities included in the Underlying Index may be issued by specialized REITs and forest products companies, the Fund is concentrated in the specialized REITs and forest products industries. Companies are eligible for inclusion if they have a minimum total market capitalization of greater than or equal to $300 million, a float adjusted market capitalization (“FMC”) of greater than or equal to $100 million, a median daily value traded of at least $3 million ($2 million for existing constituents) for the
six months prior to the rebalancing reference date.
Stocks that meet the above eligibility criteria are reviewed for specific practices related to timber and forestry. Underlying Index constituents are drawn from the S&P Global BMI. The preliminary universe of companies is identified based on any of the following screens:
• Companies that derive at least 25% in aggregate revenue from Timber and Forestry-related businesses as defined by FactSet’s Revere Business Industry Classification System (“RBICS”) data.
• Companies defined as Timber REITs that have a GICS Specialized REITs classification.
• Companies in the universe at the previous rebalancing that were assigned an Exposure Score of at least 0.5 (including companies that were not actually selected for inclusion).
Companies with greater than 75% aggregate revenue from Timber and Forestry-related businesses and all companies from the GICS Timber REITs sub-industry are included in the Underlying Index. If the total number of companies is less than 100, the Index Provider next adds additional constituents in order of revenue exposure to Timber and Forestry-related businesses (the “Exposure Score”) and FMC until the constituent count reaches 100 or until all constituents with an Exposure Score of 0.5 or above are selected. The Underlying Index is weighted based on the product of each constituent's Exposure Score and FMC, subject to certain constraints.
In addition, the Index Provider uses company exclusion criteria related to business activity (e.g., controversial
weapons, tobacco, thermal coal, etc.) and other exclusion guidelines based on a company’s compliance with the United Nations Global Compact “UNGC”) provided by Sustainalytics. Effective with the index review in September 2024, the Index Provider will utilize measurements from S&P Global Business Involvement Screens when monitoring the company exclusion criteria related to business activity (e.g., controversial weapons, tobacco, thermal coal, etc.). Lastly, the Index Provider uses RepRisk, a leading provider of business intelligence on environmental, social, and governance risks, for screening and analysis of controversies related to companies within the Underlying Index. Companies without coverage are ineligible for index inclusion until they receive such coverage.
As of March 31, 2024, the Underlying Index was composed of securities of companies in the following countries: Brazil, Canada, Chilé, China, Finland, Ireland, Japan, Portugal, Saudi Arabia, South Africa, Spain, Sweden, Taiwan the United Kingdom (the “U.K.”) and the U.S. The Underlying Index may include large-, mid- or small-capitalization companies. As of March 31, 2024, a significant portion of the Underlying Index is represented by securities of companies in the materials, natural resources, real estate and timber and forestry-related industries, sub-industries, sectors or sub-sectors. The components of the Underlying Index are likely to change over time.
The Underlying Index is reconstituted semi-annually after the close of the last business day in March and September. The reference date for the reconstitutions is after the close of the last business day of February and
August, respectively. In addition, the Underlying Index is reweighted quarterly after the close on the last business day of March, June, September, and December. The pricing reference date used for re-weighting purposes is seven business days prior to the effective date.
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 security selection. 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.
BFA uses a representative sampling indexing strategy to manage the Fund. “Representative sampling” is an indexing strategy that involves investing in a representative sample of securities that collectively has an investment profile similar to that of an applicable underlying index. The securities selected are expected to have, in the aggregate, investment characteristics (based on factors such as market capitalization and industry weightings), fundamental characteristics (such as return variability and yield) and liquidity measures similar to those of an applicable underlying index. The Fund may or may not hold all of the securities in the Underlying Index.
The Fund generally will invest at least 80% of its assets in the component securities of its Underlying Index and in investments that have economic characteristics that are substantially identical to the component securities of its Underlying Index (i.e., depositary receipts representing securities of the Underlying Index) and may invest up to 20% of its assets in certain futures, options and swap contracts, cash and cash equivalents, including shares of money market funds advised by BFA or its affiliates, as well as in securities not included in the Underlying Index, but which BFA believes will help the Fund track the Underlying Index. Cash and cash equivalent investments associated with a derivative position will be treated as part of that position for the purposes of calculating the percentage of investments included in the Underlying Index. The Fund seeks to track the investment results of the Underlying Index before fees and expenses of the Fund.
The Fund may lend securities representing up to one-third of the value of the Fund's total assets (including the value of any collateral received).
The Underlying Index is a product of S&P Dow Jones Indices LLC (the “Index Provider” or “SPDJI”), 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 a particular industry or group of industries to approximately the same extent that the Underlying Index is
concentrated. For purposes of this limitation, securities of the U.S. government (including its agencies and instrumentalities) and repurchase agreements collateralized by U.S. government securities are not considered to be issued by members of any industry.
WOOD - Performance
Return Ranking - Trailing
| Period | WOOD Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 0.3% | -11.3% | 27.0% | 85.71% |
| 1 Yr | 7.0% | -6.6% | 30.9% | 80.95% |
| 3 Yr | -0.8%* | -21.1% | 23.8% | 91.18% |
| 5 Yr | 6.1%* | 0.3% | 36.3% | 93.81% |
| 10 Yr | 6.3%* | -6.0% | 13.2% | 37.35% |
* Annualized
Return Ranking - Calendar
| Period | WOOD Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 11.8% | -13.1% | 52.1% | 17.31% |
| 2022 | -20.9% | -34.9% | 34.0% | 91.18% |
| 2021 | 15.5% | -4.9% | 83.5% | 91.00% |
| 2020 | 18.8% | -23.4% | 126.4% | 22.45% |
| 2019 | 17.3% | -25.1% | 36.9% | 23.71% |
Total Return Ranking - Trailing
| Period | WOOD Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 0.3% | -11.3% | 27.0% | 85.71% |
| 1 Yr | 7.0% | -6.6% | 30.9% | 80.95% |
| 3 Yr | -0.8%* | -21.1% | 23.8% | 91.18% |
| 5 Yr | 6.1%* | 0.3% | 36.3% | 93.81% |
| 10 Yr | 6.3%* | -6.0% | 13.2% | 37.35% |
* Annualized
Total Return Ranking - Calendar
| Period | WOOD Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 13.8% | -12.2% | 57.6% | 18.27% |
| 2022 | -19.3% | -32.2% | 35.5% | 89.22% |
| 2021 | 17.0% | -2.5% | 83.6% | 95.00% |
| 2020 | 20.3% | -22.2% | 127.8% | 27.55% |
| 2019 | 19.8% | -25.1% | 37.6% | 30.93% |
WOOD - Holdings
Concentration Analysis
| WOOD | Category Low | Category High | WOOD % Rank | |
|---|---|---|---|---|
| Net Assets | 199 M | 1.31 M | 6.25 B | 69.52% |
| Number of Holdings | 37 | 26 | 317 | 90.48% |
| Net Assets in Top 10 | 105 M | 547 K | 3.65 B | 64.76% |
| Weighting of Top 10 | 57.41% | 16.4% | 76.1% | 23.81% |
Top 10 Holdings
- Svenska Cellulosa AB SCA 7.64%
- International Paper Co 6.88%
- Weyerhaeuser Co 6.71%
- Suzano SA 6.45%
- Smurfit Kappa Group PLC 6.15%
- Stora Enso Oyj 5.43%
- Mondi PLC 4.71%
- Sumitomo Forestry Co Ltd 4.66%
- UPM-Kymmene Oyj 4.53%
- West Fraser Timber Co Ltd 4.25%
Asset Allocation
| Weighting | Return Low | Return High | WOOD % Rank | |
|---|---|---|---|---|
| Stocks | 99.38% | 0.00% | 100.12% | 47.62% |
| Cash | 0.94% | 0.00% | 21.06% | 74.29% |
| Other | 0.00% | -0.08% | 23.81% | 17.14% |
| Preferred Stocks | 0.00% | 0.00% | 6.24% | 93.33% |
| Convertible Bonds | 0.00% | 0.00% | 0.43% | 91.43% |
| Bonds | 0.00% | 0.00% | 83.60% | 91.43% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | WOOD % Rank | |
|---|---|---|---|---|
| Basic Materials | 57.68% | 2.49% | 100.00% | 30.48% |
| Real Estate | 25.29% | 0.00% | 36.20% | 1.90% |
| Consumer Cyclical | 17.03% | 0.00% | 43.37% | 2.86% |
| Utilities | 0.00% | 0.00% | 35.93% | 96.19% |
| Technology | 0.00% | 0.00% | 17.68% | 95.24% |
| Industrials | 0.00% | 0.00% | 63.67% | 100.00% |
| Healthcare | 0.00% | 0.00% | 22.67% | 95.24% |
| Financial Services | 0.00% | 0.00% | 4.52% | 91.43% |
| Energy | 0.00% | 0.00% | 89.67% | 97.14% |
| Communication Services | 0.00% | 0.00% | 0.21% | 91.43% |
| Consumer Defense | 0.00% | 0.00% | 33.96% | 95.24% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | WOOD % Rank | |
|---|---|---|---|---|
| Non US | 69.48% | 0.00% | 89.12% | 4.76% |
| US | 29.89% | 0.00% | 99.96% | 95.24% |
WOOD - Expenses
Operational Fees
| WOOD Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 0.41% | 0.08% | 4.45% | 88.57% |
| Management Fee | 0.41% | 0.00% | 1.25% | 15.24% |
| 12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
| Administrative Fee | N/A | 0.03% | 0.25% | N/A |
Sales Fees
| WOOD Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | N/A | 3.50% | 5.75% | N/A |
| Deferred Load | N/A | 1.00% | 1.00% | N/A |
Trading Fees
| WOOD Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | N/A | 2.00% | 2.00% | 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.
| WOOD Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 18.00% | 4.00% | 169.00% | 14.94% |
WOOD - Distributions
Dividend Yield Analysis
| WOOD | Category Low | Category High | WOOD % Rank | |
|---|---|---|---|---|
| Dividend Yield | 3.13% | 0.00% | 12.19% | 70.48% |
Dividend Distribution Analysis
| WOOD | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | SemiAnnual | Annual | SemiAnnual | Annual |
Net Income Ratio Analysis
| WOOD | Category Low | Category High | WOOD % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 1.78% | -35.65% | 6.21% | 31.73% |
Capital Gain Distribution Analysis
| WOOD | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Semi-Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Jun 11, 2024 | $1.258 | OrdinaryDividend |
| Jun 07, 2023 | $1.336 | OrdinaryDividend |
| Dec 13, 2022 | $0.101 | OrdinaryDividend |
| Jun 09, 2022 | $1.542 | OrdinaryDividend |
| Dec 13, 2021 | $0.275 | OrdinaryDividend |
| Jun 10, 2021 | $0.863 | OrdinaryDividend |
| Dec 14, 2020 | $0.310 | OrdinaryDividend |
| Jun 15, 2020 | $0.473 | OrdinaryDividend |
| Dec 16, 2019 | $0.117 | OrdinaryDividend |
| Jun 17, 2019 | $1.121 | OrdinaryDividend |
| Dec 18, 2018 | $0.811 | OrdinaryDividend |
| Jun 19, 2018 | $0.800 | OrdinaryDividend |
| Dec 21, 2017 | $0.159 | OrdinaryDividend |
| Jun 20, 2017 | $0.690 | OrdinaryDividend |
| Dec 22, 2016 | $0.252 | OrdinaryDividend |
| Jun 21, 2016 | $0.633 | OrdinaryDividend |
| Dec 21, 2015 | $0.441 | OrdinaryDividend |
| Jun 24, 2015 | $0.532 | OrdinaryDividend |
| Dec 19, 2014 | $0.261 | OrdinaryDividend |
| Jun 24, 2014 | $0.645 | OrdinaryDividend |
| Dec 17, 2013 | $0.295 | OrdinaryDividend |
| Jun 25, 2013 | $0.523 | OrdinaryDividend |
| Dec 17, 2012 | $0.021 | OrdinaryDividend |
| Jun 20, 2012 | $0.561 | OrdinaryDividend |
| Dec 19, 2011 | $0.315 | OrdinaryDividend |
| Jun 21, 2011 | $0.584 | OrdinaryDividend |
| Dec 20, 2010 | $0.886 | OrdinaryDividend |
| Jun 21, 2010 | $0.227 | OrdinaryDividend |
| Dec 21, 2009 | $0.292 | OrdinaryDividend |
| Jun 22, 2009 | $0.135 | OrdinaryDividend |
| Dec 23, 2008 | $0.461 | OrdinaryDividend |
WOOD - Fund Manager Analysis
Managers
Greg Savage
Start Date
Tenure
Tenure Rank
Jun 24, 2008
13.94
13.9%
Greg Savage, Managing Director; has been associated with BlackRock Fund Advisors since 2009. Mr. Savage has been a senior portfolio manager for BFA and BTC since 2009. Prior to his employment with BFA and BTC, Mr. Savage was a senior portfolio manager from 2006 to 2009 for BGFA and BGI and a portfolio manager from 2001 to 2006 for BGFA and BGI.
Jennifer Hsui
Start Date
Tenure
Tenure Rank
Aug 01, 2012
9.84
9.8%
Jennifer Hsui, Managing Director & Portfolio Manager at BlackRock Investment Management LLC has been employed by BlackRock Fund Advisors as a senior portfolio manager since 2007. Prior to that, Ms. Hsui was a portfolio manager from 2006 to 2007 for BGFA. She was a research analyst for RBC Capital Markets from 2003 to 2006.
Amy Whitelaw
Start Date
Tenure
Tenure Rank
Aug 01, 2018
3.83
3.8%
Amy Whitelaw is Managing Director of BlackRock, Inc. since 2013 and was Director of the firm from 2009 to 2012. Ms. Whitelaw's service with the firm dates back to 1998, including her years with Barclays Global Investors (BGI), which merged with BlackRock in 2009. Ms. Whitelaw served as Principal of BGI from 2000 to 2009. Previously Ms. Whitelaw worked in the Transition Services group as a transition manager and strategist, and was also an international equity trader on BGI’s trading desk.
Paul Whitehead
Start Date
Tenure
Tenure Rank
Jan 01, 2022
0.41
0.4%
Paul Whitehead is responsible for supporting the day-to-day management of the MML Blend Fund’s portfolio, including setting the Fund’s overall investment strategy and overseeing the management of the Fund. Mr. Whitehead is a Managing Director of BlackRock, Inc., Co-Head of Index Equity, and Co-Head of BlackRock’s ETF and Index Investments business. Mr. Whitehead also oversees the management of BlackRock’s Institutional and iShares funds. Mr. Whitehead was previously the Global Head of Equity Trading and the Global Head of Transition Management within BlackRock’s Global Trading Group. Mr. Whitehead’s service with the firm dates back to 1996, including his years with Barclays Global Investors, which merged with BlackRock in 2009. Prior to his current role, Mr. Whitehead was Head of Americas Equity Trading. Previously, he managed the trading team responsible for all Institutional Index funds, Exchange Traded funds, and Transition Management mandates. Mr. Whitehead represents BlackRock on the board of Luminex, a buy-side owned Alternative Trading System launched in 2015.
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.16 | 24.18 | 7.58 | 0.16 |
