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About iShares MSCI Global Select Metals & Mining Producers Fund
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Inception date
Jan 31, 2012
Structure
Open-Ended Fund
Replication method
Physical
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
PICK's gold-and-silver-free approach to the mining segment has found favor with investors. The fund's index, the MSCI ACWI Select Metals & Mining Producers Ex Gold & Silver IMI, excludes gold and silver mining firms like Barrick Gold and Goldcorp. This leads to larger allocations to steel and integrated mining companies, among others. In addition, PICK's underlying index aims for a broader exposure, including industries like coal, which we place in the energy sector. Pumped-up weightings to the largest firms are something investors should be wary of before investing in this fund, as the methodology does not cap its holdings. In all, PICK offers an interesting take on the space for investors who want to carve precious metals out of their global metals and mining exposure.
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
Non-Energy Minerals
Stocks99.71%
Non-Energy Minerals90.43%
Distribution Services4.94%
Producer Manufacturing3.02%
Energy Minerals0.71%
Process Industries0.18%
Electronic Technology0.18%
Miscellaneous0.10%
Finance0.09%
Industrial Services0.05%
Bonds, Cash & Other0.29%
Cash0.29%
Miscellaneous0.00%
Stock breakdown by region
North America27.00%
Europe23.45%
Oceania21.71%
Asia19.32%
Latin America4.74%
Middle East1.98%
Africa1.80%
Top 10 holdings
Dividends
Dividend payout history