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About iShares Global Financial ETF
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Inception date
Nov 12, 2001
Structure
Open-Ended Fund
Dividend treatment
Distributes
Distribution tax treatment
Qualified dividends
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
BlackRock Fund Advisors
Distributor
BlackRock Investments LLC
IXG is a high-beta play on global financials, due in large part to the fund's heavier concentration versus our benchmark. Despite the fact that IXG holds many of the same stocks in its top 10 as our benchmark, its far smaller basket means that large-cap banks and insurance companies are held in greater weights. As one might expect, IXG carries an elevated beta and tilts hard toward large-caps. IXG can be traded fairly with some care. Daily volume is robust and spreads are manageable. The fund's liquid basket is good news for larger investors seeking to trade in bulk. IXG is also an incredibly Efficient fund. It recovers almost all of its already-reasonable fee, tracking its index almost perfectly. Overall, IXG is a cost-effective and reasonably liquid way to access global financials, at the expense of some added concentration.
Classification
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
Finance
Stocks99.66%
Finance94.18%
Commercial Services4.00%
Technology Services1.47%
Bonds, Cash & Other0.34%
Cash0.34%
Miscellaneous0.00%
Stock breakdown by region
North America61.05%
Europe23.69%
Asia10.38%
Oceania3.94%
Latin America0.93%
Africa0.00%
Middle East0.00%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
IXG invests in stocks. The fund's major sectors are Finance, with 94.18% stocks, and Commercial Services, with 4.00% of the basket. The assets are mostly located in the North America region.
IXG top holdings are Berkshire Hathaway Inc. Class B and JPMorgan Chase & Co., occupying 7.33% and 5.76% of the portfolio correspondingly.
IXG last dividends amounted to 1.07 USD. Six months before that, the issuer paid 1.46 USD in dividends, which shows a 35.98% decrease.
IXG assets under management is 499.77 M USD. It's risen 9.82% over the last month.
IXG fund flows account for 18.62 M USD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
Yes, IXG pays dividends to its holders with the dividend yield of 2.35%. The last dividend (Dec 20, 2024) amounted to 1.07 USD. The dividends are paid semi-annually.
IXG shares are issued by BlackRock, Inc. under the brand iShares. The ETF was launched on Nov 12, 2001, and its management style is Passive.
IXG expense ratio is 0.41% meaning you'd have to pay 0.41% of your investment to help manage the fund.
IXG follows the S&P Global 1200 / Financials -SEC. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
IXG invests in stocks.
IXG price has risen by 5.57% over the last month, and its yearly performance shows a 22.08% increase. See more dynamics on IXG price chart.
NAV returns, another gauge of an ETF dynamics, have risen by 7.53% over the last month, showed a 4.93% increase in three-month performance and has increased by 24.88% in a year.
NAV returns, another gauge of an ETF dynamics, have risen by 7.53% over the last month, showed a 4.93% increase in three-month performance and has increased by 24.88% in a year.
IXG trades at a premium (0.19%) meaning the ETF is trading at a higher price than the calculated NAV.