iShares Strategic Metals ETF

iShares Strategic Metals ETF

About

iShares Strategic Metals ETF (US46431W5159) is a US-listed ETF tracking the ICE Strategic Re-Industrialization Metals Index. With a expense ratio of 0.47%, its costs are on the higher end for an ETF, paying distributions. The fund holds 95 positions across 1 region with 31M in assets.

Score Breakdown

Scores are scaled 1–10 on a logarithmic curve relative to all ETFs in the database. Last updated: Jun 22, 2026
Component Score Details
Cost (30%) 7.7 Tracking Difference: 10.0 · TD Consistency: — · Expense Ratio: 2.2
Liquidity (25%) 4.4 Assets Under Management

Data sources: provider factsheets, exchange data, and NAV history. Information for educational purposes only — not investment advice.

Ticker ISTM
ISIN
Fund Size $30.6M
Issuer iShares
Distribution Pays Distributions
Replication Physical
Inception Sep 2023
Base Currency USD
Index ICE Strategic Re-Industrialization Metals Index
Asset Class —
Category Equity Sector

Costs

7.7
This fund has low total costs, with competitive tracking and expense ratios.

Cost Metrics Explained

What expense ratio, tracking difference, and TD consistency measure

Expense ratio (Total Expense Ratio) is the annual fee the fund charges, deducted from assets. It’s the headline cost, but not the full picture.

Tracking Difference measures how much the fund actually lags (or leads) its benchmark index per year. This is the single best measure of true cost — it captures the expense ratio plus all other drags like sampling error and tax withholding. A lower (or negative) value is better.

TD Consistency measures how stable the tracking difference is from year to year. A low value means predictable, reliable costs; a high value means costs can vary significantly.
Expense Ratio0.00%
 
Metric Value
Expense Ratio 0.47%

Cumulative Returns

Performance across different time periods.
Year to Date+0.00%
1 Year+0.00%
Inception+0.00%
 
Period Cumulative Return
1 Month —
3 Months —
6 Months —
1 Year +64.30%
3 Years —
5 Years —
10 Years —
YTD +13.80%
Since Inception +28.36%

Holdings

This fund invests into 95 individual investments.
#1
BLK CSH FND TREASURY SL AGENCY
16.01%
#2
CASH COLLATERAL USD BZUFT
8.78%
#3
United States Treasury Bill
8.15%
#4
United States Treasury Bill
1.63%
#5
NOVARTIS FINANCE CORP 144A
1.02%
#6
RELIANCE FUNDING CO LLC 144A
1.01%
#7
PACCAR FINANCIAL CORP.
1.01%
#8
CONCORD MINUTEMEN CAPITAL 144A
1.01%
#9
RESOLUTE FUNDING CO LLC 144A
1.01%
#10
CARRIER GLOBAL CORP 144A
0.98%
View all holdings (50)
# Holding Ticker Weight
1 BLK CSH FND TREASURY SL AGENCY XTSLA 1600.65%
2 CASH COLLATERAL USD BZUFT BZUFT 877.73%
3 United States Treasury Bill TBILL 815.14%
4 United States Treasury Bill TBILL 162.79%
5 NOVARTIS FINANCE CORP 144A NOVFPP 101.64%
6 RELIANCE FUNDING CO LLC 144A RELIFD 101.48%
7 PACCAR FINANCIAL CORP. PCAR 101.48%
8 CONCORD MINUTEMEN CAPITAL 144A CMSERB 101.24%
9 RESOLUTE FUNDING CO LLC 144A RSFDN 101.11%
10 CARRIER GLOBAL CORP 144A CARR 98.27%
11 BOSTON SCIENTIFIC CORP 144A BSX 98.26%
12 FIDELITY NATL INFO SERV 144A FIS 98.08%
13 EATON CAPITAL UNLIMITED 144A ETN 96.57%
14 NTT FINANCE AMERICAS INC 144A NIPTT 96.34%
15 SPIRE INC 144A SR 95.06%
16 LIME FUNDING LLC 144A LIMECP 94.83%
17 MITSUBISHI HC FIN AMER 144A MITHCC 94.78%
18 GLENCOVE FUNDING LLC 144A GLNCVE 94.63%
19 BAY SQUARE FUNDING LLC 144A BAYSQU 94.59%
20 MIZUHO BANK LTD 144A MZFG 94.58%
21 COLUMBIA FUNDING COMPANY LLC 144A COLFDG 91.56%
22 ENBRIDGE (US) INC 144A ENBCN 88.29%
23 BRITANNIA FUNDING COMPANY LLC 144A BRTFDG 88.26%
24 VERTO CAPITAL COMP C 144A VERTO 88.23%
25 AMERICAN HONDA FINANCE CORPORATION HNDA 88.22%
26 GLENCORE FUNDING LLC 144A GLENLN 88.10%
27 WELLS FARGO BANK NA WFC 86.25%
28 BNP PARIBAS (NEW YORK BRANCH) BNP 85.37%
29 COLUMBIA FUNDING COMPANY LLC 144A COLFDG 84.81%
30 OVERWATCH BRAVO FUNDING LLC 144A OVERWA 84.59%
31 BANK OF NOVA SCOTIA (HOUSTON BRANC BNS 82.78%
32 WESTPAC BANKING CORPORATION (NEW Y WSTP 82.68%
33 TORONTO-DOMINION BANK (NEW YORK BR TD 82.61%
34 COOPERATIEVE RABOBANK UA (NEW YORK RABOBK 82.57%
35 MACQUARIE BANK LTD 144A MQGAU 82.54%
36 SKANDINAVISKA ENSKILDA BANKEN AB 144A SEB 82.49%
37 NATIONAL BANK OF CANADA 144A NACN 82.41%
38 NORDEA BANK ABP (NEW YORK BRANCH) NDAFH 82.14%
39 MUFG BANK LTD (NEW YORK BRANCH) MUFG 82.12%
40 BANCO SANTANDER SA 144A SANTAN 82.08%
41 UBS AG (LONDON BRANCH) 144A UBS 82.07%
42 NORDEA BANK ABP (NEW YORK BRANCH) NDAFH 82.06%
43 ALIMENTATION COUCHE-TARD 144A ATDBCN 81.96%
44 EATON CAPITAL UNLIMITED 144A ETN 81.96%
45 BUNGE LTD FINANCE CORP 144A BG 81.95%
46 AQUITAINE FUNDING COMPANY LLC 144A AQACO 81.95%
47 NEXTERA ENERGY CAPITAL HOLDINGS IN 144A NEE 81.94%
48 RTX CORP 144A RTX 81.94%
49 RYDER SYSTEM INC. 144A R 81.94%
50 EXTRA SPACE STORAGE LP 144A EXR 81.93%

Sectors

Allocation by industry sector.
 
Sector Weight
Unknown 8989.00%
Cash & Equivalents 1011.00%

Regions

Geographic allocation by country of risk.
 
Country Weight
UNKNOWN 8989.00%
United States 1011.00%

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