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Trending ETFs

Name

As of 06/14/2024

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

$61.27

$35 M

11.70%

$7.17

0.32%

Vitals

YTD Return

12.7%

1 yr return

19.2%

3 Yr Avg Return

8.8%

5 Yr Avg Return

10.3%

Net Assets

$35 M

Holdings in Top 10

39.6%

52 WEEK LOW AND HIGH

$60.4
$52.40
$63.79

Expenses

OPERATING FEES

Expense Ratio 0.32%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 121.00%

Redemption Fee N/A


Min Investment

Standard (Taxable)

N/A

IRA

N/A


Fund Classification

Fund Type

Exchange Traded Fund


Name

As of 06/14/2024

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

$61.27

$35 M

11.70%

$7.17

0.32%

IAUF - Profile

Distributions

  • YTD Total Return 12.7%
  • 3 Yr Annualized Total Return 8.8%
  • 5 Yr Annualized Total Return 10.3%
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio -0.12%
DIVIDENDS
  • Dividend Yield 11.7%
  • Dividend Distribution Frequency Annual

Fund Details

  • Legal Name
    iShares Gold Strategy ETF
  • Fund Family Name
    BlackRock-advised Funds
  • Inception Date
    Jun 06, 2018
  • Shares Outstanding
    750000
  • Share Class
    N/A
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Richard Mejzak

Fund Description

The Fund seeks to track the investment results of the Bloomberg Composite Gold Index (the Underlying Index), which is designed to track the price performance of gold. The Underlying Index is composed of exchange-traded gold futures contracts and one or more ETPs backed by or linked to physical gold, as determined by Bloomberg Index Services Limited (the Index Provider), and is rebalanced on a quarterly basis.
In seeking to achieve its investment objective, the Fund invests in a combination of (i) exchange-traded gold futures contracts and other exchange-traded or over-the-counter (OTC)
derivatives (i.e., forward contracts, futures, options and swaps) that correlate to the investment returns of physical gold, based on the notional value of such derivative instruments; and (ii) ETPs backed by or linked to physical gold, which may include the iShares Gold Trust (the Gold Trust) ((i) and (ii) together, the Gold Investments). The Gold Trust, whose assets consist primarily of gold held by a custodian on behalf of the Gold Trust, seeks to reflect generally the performance of the price of gold. The Fund may invest up to 20% of the Fund's assets in OTC derivatives. The Fund additionally aims to generate interest income and capital appreciation through a cash management strategy consisting primarily of cash and cash equivalents and short-term government obligations (collectively, Fixed-Income Investments).
The ETPs held by the Fund may invest in physical gold bullion or OTC or exchange-traded derivatives on gold bullion, such as forward contracts, futures, options and swaps. The ETPs held by the Fund may be sponsored by an affiliate of BFA or by an unaffiliated entity, and may be structured as, among others, exchange-traded commodities that track the price of gold or exchange-traded notes with interest and/or
principal payments linked to the price of gold. As of October 31, 2023, the Underlying Index was composed of 2 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.
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 and/or other instruments that collectively has an investment profile similar to that of an applicable underlying index. The securitiesand/or other instruments selected 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 may or may not hold all of the securitiesand/or other instruments in the Underlying Index.
The Fund seeks to gain exposure to the Gold 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 invests solely in the Gold Investments and cash and cash equivalents.
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 Gold Investments held in the Subsidiary are intended to provide the Fund with exposure to the gold market consistent with 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 the Gold Investments.
The remainder of the Fund’s assets is invested directly by the Fund, primarily in Fixed-Income Investments, including repurchase agreements, money market instruments, U.S. government and agency securities, treasury inflation-protected securities and sovereign debt obligations of non-U.S. countries. The Fund invests in Fixed-Income Investments for investment purposes and to collateralize the Subsidiary’s investments in derivatives.
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 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 the Index Provider, which isindependent 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.
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IAUF - Performance

Return Ranking - Trailing

Period IAUF Return Category Return Low Category Return High Rank in Category (%)
YTD 12.7% -18.8% 24.2% 12.88%
1 Yr 19.2% -36.2% 23.4% 5.30%
3 Yr 8.8%* -31.8% 290.6% 26.15%
5 Yr 10.3%* -24.6% 135.6% 33.33%
10 Yr N/A* -26.3% 45.6% 43.70%

* Annualized

Return Ranking - Calendar

Period IAUF Return Category Return Low Category Return High Rank in Category (%)
2023 -0.8% -64.0% 30.1% 13.64%
2022 -1.9% -40.8% 2475.6% 54.20%
2021 -4.9% -23.3% 106.7% 75.38%
2020 12.2% -71.9% 295.5% 16.54%
2019 7.0% -31.8% 53.9% 47.62%

Total Return Ranking - Trailing

Period IAUF Return Category Return Low Category Return High Rank in Category (%)
YTD 12.7% -18.8% 24.2% 12.88%
1 Yr 19.2% -36.2% 23.4% 5.30%
3 Yr 8.8%* -31.8% 290.6% 26.15%
5 Yr 10.3%* -24.6% 135.6% 33.33%
10 Yr N/A* -26.3% 45.6% N/A

* Annualized

Total Return Ranking - Calendar

Period IAUF Return Category Return Low Category Return High Rank in Category (%)
2023 12.5% -64.0% 41.1% 8.33%
2022 -1.0% -15.1% 5648.8% 94.66%
2021 -4.9% -23.3% 188.1% 93.08%
2020 21.0% -67.8% 296.1% 15.75%
2019 18.1% -31.8% 53.9% 16.67%

IAUF - Holdings

Concentration Analysis

IAUF Category Low Category High IAUF % Rank
Net Assets 35 M 2.34 M 62.8 B 81.37%
Number of Holdings 63 1 1056 45.45%
Net Assets in Top 10 13.9 M 2.66 M 63.2 B 91.67%
Weighting of Top 10 39.59% 21.1% 160.7% 91.41%

Top 10 Holdings

  1. iShares Gold Trust 18.13%
  2. United States Cash Management Bill - Reopening 5.68%
  3. United States Cash Management Bill - Reopening 2.85%
  4. United States Treasury Bill 2.81%
  5. U.S. Treasury Bills 2.80%
  6. Penske Truck Leasing Co LP 1.57%
  7. Keurig Dr Pepper Inc 1.48%
  8. LMA-Americas LLC 1.43%
  9. Linde Inc/CT 1.43%
  10. Mercedes-Benz Finance North America LLC 1.42%

Asset Allocation

Weighting Return Low Return High IAUF % Rank
Cash
64.10% 0.00% 100.00% 20.00%
Stocks
18.13% 0.00% 49.98% 11.36%
Bonds
16.91% 0.00% 114.44% 57.58%
Other
0.86% -3.38% 100.00% 83.08%
Preferred Stocks
0.00% 0.00% 0.07% 72.31%
Convertible Bonds
0.00% 0.00% 3.89% 78.29%

Stock Sector Breakdown

Weighting Return Low Return High IAUF % Rank
Communication Services
100.00% 0.00% 100.00% 14.29%
Utilities
0.00% 0.00% 27.00% 64.29%
Technology
0.00% 0.00% 2.77% 64.29%
Real Estate
0.00% 0.00% 13.82% 64.29%
Industrials
0.00% 0.00% 23.28% 100.00%
Healthcare
0.00% 0.00% 1.73% 92.86%
Financial Services
0.00% 0.00% 13.67% 92.86%
Energy
0.00% 0.00% 33.64% 100.00%
Consumer Defense
0.00% 0.00% 12.04% 92.86%
Consumer Cyclical
0.00% 0.00% 3.41% 92.86%
Basic Materials
0.00% 0.00% 47.41% 92.86%

Stock Geographic Breakdown

Weighting Return Low Return High IAUF % Rank
US
18.13% 0.00% 30.36% 8.46%
Non US
0.00% 0.00% 26.94% 76.15%

Bond Sector Breakdown

Weighting Return Low Return High IAUF % Rank
Cash & Equivalents
51.43% 0.00% 100.00% 43.59%
Derivative
0.86% -3.38% 100.00% 59.83%
Securitized
0.00% 0.00% 36.61% 78.45%
Corporate
0.00% 0.00% 42.72% 82.76%
Municipal
0.00% 0.00% 1.45% 74.14%
Government
0.00% 0.00% 100.00% 96.55%

Bond Geographic Breakdown

Weighting Return Low Return High IAUF % Rank
US
16.91% 0.00% 102.17% 58.46%
Non US
0.00% 0.00% 16.01% 72.31%

IAUF - Expenses

Operational Fees

IAUF Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.32% 0.21% 4.07% 98.06%
Management Fee 0.25% 0.00% 1.75% 7.45%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.02% 0.45% N/A

Sales Fees

IAUF Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 4.50% 5.75% N/A
Deferred Load N/A 1.00% 4.00% N/A

Trading Fees

IAUF 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.

IAUF Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 121.00% 0.00% 162.00% 94.57%

IAUF - Distributions

Dividend Yield Analysis

IAUF Category Low Category High IAUF % Rank
Dividend Yield 11.70% 0.00% 19.94% 2.48%

Dividend Distribution Analysis

IAUF Category Low Category High Category Mod
Dividend Distribution Frequency Annual Annually Annually Annually

Net Income Ratio Analysis

IAUF Category Low Category High IAUF % Rank
Net Income Ratio -0.12% -55.71% 52.26% 31.01%

Capital Gain Distribution Analysis

IAUF Category Low Category High Capital Mode
Capital Gain Distribution Frequency

Distributions History

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IAUF - Fund Manager Analysis

Managers

Richard Mejzak


Start Date

Tenure

Tenure Rank

Jun 06, 2018

3.99

4.0%

Richard Mejzak has been with BlackRock since 1990, including his years with Merrill Lynch Investment Managers, which was acquired by BlackRock in 2006. Mr. Mejzak became a portfolio manager for BlackRock Fund Advisors in 2012.

Greg Savage


Start Date

Tenure

Tenure Rank

Jun 06, 2018

3.99

4.0%

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.

Amy Whitelaw


Start Date

Tenure

Tenure Rank

Mar 01, 2019

3.25

3.3%

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
0.33 17.03 6.1 11.51