iShares Transition-Enabling Metals ETFiShares Transition-Enabling Metals ETFiShares Transition-Enabling Metals ETF

iShares Transition-Enabling Metals ETF

No trades

Key stats


Assets under management (AUM)
‪11.92 M‬USD
Fund flows (1Y)
Dividend yield (indicated)
13.88%
Discount/Premium to NAV
0.5%
Shares outstanding
‪400.00 K‬
Expense ratio
0.48%

About iShares Transition-Enabling Metals ETF


Brand
iShares
Home page
Inception date
Sep 28, 2023
Structure
Open-Ended Fund
Index tracked
ICE Clean Energy Transition Metals Index - Benchmark TR Net
Replication method
Synthetic
Management style
Passive
Dividend treatment
Distributes
Distribution tax treatment
No distributions
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
Identifiers
3
ISIN US46431W5159
TMET invests in clean energy transition metals that support clean energy transition through exchange-traded futures contracts. The passively managed fund invests in metals futures contracts, such as copper, aluminum, silver, nickel, zinc, platinum, and cobalt that are used in clean energy technologies. A committee selects commodity futures using private and public data and reports relating to the use of such metals within the clean energy transition while considering availability, listing exchange, and liquidity. The commodity futures are reviewed at least annually and rebalanced quarterly, assigning weights based on liquidity and global production. The fund can manage up to 25% of its commodity exposure through a wholly owned Cayman Islands subsidiary that qualifies it as a regulated investment company as opposed to a commodities pool. Thus, the fund avoids Schedule K-1 payments and instead receives a Form 1099. The fund may invest in short-term fixed income securities as collateral.

Broaden your horizons with more funds linked to this ETF via country, focus, and more.

Classification


Asset Class
Commodities
Category
Industrial metals
Focus
Broad market
Niche
Front month
Strategy
Multi-factor
Geography
Global
Weighting scheme
Multi-factor
Selection criteria
Multi-factor
What's in the fund
Exposure type
Bonds, Cash & Other
Mutual fund
Cash
Government
Bonds, Cash & Other100.00%
Mutual fund55.02%
Cash19.79%
Government15.89%
Corporate9.29%
Top 10 holdings
Summarizing what the indicators are suggesting.
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Displays a symbol's price movements over previous years to identify recurring trends.

Frequently Asked Questions


An exchange-traded fund (ETF) is a collection of assets (stocks, bonds, commodities, etc.) that track an underlying index and can be bought on an exchange like individual stocks.
TMET trades at 30.27 USD today, its price has risen 3.43% in the past 24 hours. Track more dynamics on TMET price chart.
TMET net asset value is 30.11 today — it's risen 0.25% over the past month. NAV represents the total value of the fund's assets less liabilities and serves as a gauge of the fund's performance.
TMET assets under management is ‪11.92 M‬ USD. AUM is an important metric as it reflects the fund's size and can serve as a gauge of how successful the fund is in attracting investors, which, in its turn, can influence decision-making.
TMET price has fallen by −2.87% over the last month, and its yearly performance shows a 31.99% increase. See more dynamics on TMET price chart.
NAV returns, another gauge of an ETF dynamics, have risen by 0.25% over the last month, showed a 26.27% increase in three-month performance and has increased by 52.04% in a year.
TMET fund flows account for 0.00 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.
Since ETFs work like an individual stock, they can be bought and sold on exchanges (e.g. NASDAQ, NYSE, EURONEXT). As it happens with stocks, you need to select a brokerage to access trading. Explore our list of available brokers to find the one to help execute your strategies. Don't forget to do your research before getting to trading. Explore ETFs metrics in our ETF screener to find a reliable opportunity.
TMET invests in funds. See more details in our Analysis section.
TMET expense ratio is 0.48%. It's an important metric for helping traders understand the fund's operating costs relative to assets and how expensive it would be to hold the fund.
No, TMET isn't leveraged, meaning it doesn't use borrowings or financial derivatives to magnify the performance of the underlying assets or index it follows.
In some ways, ETFs are safe investments, but in a broader sense, they're not safer than any other asset, so it's crucial to analyze a fund before investing. But if your research gives a vague answer, you can always refer to technical analysis.
Today, TMET technical analysis shows the sell rating and its 1-week rating is buy. Since market conditions are prone to changes, it's worth looking a bit further into the future — according to the 1-month rating TMET shows the buy signal. See more of TMET technicals for a more comprehensive analysis.
Yes, TMET pays dividends to its holders with the dividend yield of 13.88%.
TMET trades at a premium (0.52%).
Premium/discount to NAV expresses the difference between the ETF’s price and its NAV value. A positive percentage indicates a premium, meaning the ETF trades at a higher price than the calculated NAV. Conversely, a negative percentage indicates a discount, suggesting the ETF trades at a lower price than NAV.
TMET shares are issued by BlackRock, Inc.
TMET follows the ICE Clean Energy Transition Metals Index - Benchmark TR Net. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
The fund started trading on Sep 28, 2023.
The fund's management style is passive, meaning it's aiming to replicate the performance of the underlying index by holding assets in the same proportions as the index. The goal is to match the index's returns.