EXI Fund Description

The iShares S&P Global Industrial Sector Index Fund tracks a market-cap-weighted index of global industrial stocks.

EXI ETF.com Insight

EXI, the sole ETF choice for access to global industrials, provides reasonably marketlike coverage in stable, accessible package. It excludes smaller firms by rule, favoring large-capshas gathered a healthy asset base instead. The fund slightly overweights the US firms that already dominate the space, and avoids geographic biases. The fund favors larger firms, a bias that has led to generally better returns than our more balanced benchmark. Overall, EXI has gathered a healthy asset base, can be fairly traded, and covers the industry well, easily earning the Analyst Pick ribbon. (Insight updated 07/16/2014)

  • 1 Month
  • 3 Months
  • YTD
  • 1 Year
  • 3 Years
  • 5 Years
  • Max
Performance [as of 10/21/14] 1 Month 3 Month YTD 1 Year 3 Years 5 Years 10 Years
EXI -5.15% -6.06% -3.58% 2.59% 14.63% 11.22% --
EXI (NAV) -5.49% -5.97% -3.11% 2.70% 14.61% 11.18% --
S&P Global 1200 Industrials Sector Index -5.49% -5.99% -3.22% 2.63% 14.48% 11.10% --
All returns over 1 year are annualized. All returns are total returns unless otherwise stated.

EXI Top 10 Countries View All

EXI Top 10 Sectors View All

EXI Top 10 Holdings View All

EXI Summary Data

BlackRock

A company that produces and manages ETFs.

09/12/06

The first date of a fund's operations, as documented by the issuer.

Open-Ended Fund

The organizational structure of the fund or ETN.

0.48%

The net total annual fee a fund holder pays to the issuer.

$244.58 M

The market value of total assets that a fund has accumulated and now manages on behalf of investors.

$1.97 M

It is the daily dollar value of shares traded, averaged over the past 45 trading days.

0.18%

The difference between the highest price a market participant is willing to pay to buy an ETF and the lowest price at which a market participant is willing to sell an ETF, averaged over the past 45 days, as a percent.

EXI Portfolio Data

$53.4 B

Describes the average of each stock's market cap (share price x shares outstanding) scaled by its weight in the portfolio.

16.28

Weighted average ratio of prices of a fund’s stocks to trailing earnings of underlying stocks.

2.36

Weighted average ratio of prices of a fund’s stocks to the book value of underlying equity.

1.97%

The ratio of distributions paid by the fund over the past 12 months, divided by the fund’s NAV.

12/19/14

The date on which a security's price excludes an upcoming dividend.

191

The number of securities held in the fund as of ETF.com’s analysis date, based on issuer portfolios or the creation basket. If an ETF holds other ETFs, we count every constituent, looking through the ETF wrapper.

EXI Index Data

S&P Global 1200
Industrials Sector Index

This is the benchmark an ETF is desigend to track or replicate.

Market Cap

A set of rules that the underlying index provider follows to weight its constituent securities.

Committee

A set of rules that the underlying index provider follows to select its constituent securities.

Thomson Reuters Global
Industrials

This is the index that we have chosen as the best-in-class gauge for each segment's broad market.

Related ETFs to EXI

XLI, IYJ, VIS

ETFs from within the same segment or closely related segments with similar investment objectives or market exposures.

EXI ETF.com Efficiency Insight

EXI is well established, with about $300M+ in assets and more than 7 years of history. The fund charges an unremarkable 48 bps annually and has avoided cap gains payouts over the past 3 years. On tracking, EXI has varied around its index somewhat but most of the variability has come on the upside (NAV returns beating index returns) possibly from successful securities lending. (Insight updated 07/16/2014)

Total Return - 10/21/2014
  • 1 Month
  • 3 Months
  • YTD
  • 1 Year
  • 3 Years
  • 5 Years
  • Max
Performance [as of 10/21/14] 1 Month 3 Month YTD 1 Year 3 Years 5 Years 10 Years
EXI -5.15% -6.06% -3.58% 2.59% 14.63% 11.22% --
EXI (NAV) -5.49% -5.97% -3.11% 2.70% 14.61% 11.18% --
S&P Global 1200 Industrials Sector Index -5.49% -5.99% -3.22% 2.63% 14.48% 11.10% --
Thomson Reuters Global Industrials -5.56% -5.83% -1.88% 3.58% 12.42% 7.94% --
All returns over 1 year are annualized. All returns are total returns unless otherwise stated.

EXI Portfolio Management

0.48%

The net annual fee a fund holder pays to the issuer.

-0.15%

Compares returns of the fund's NAV to its underlying index for a daily series of overlapping 12 month periods. The median is the middle value of the results.

0.11%

Largest deviation in a positive direction of a fund's returns vs. its underlying index over the past 12 months.

-0.31%

Largest deviation in a negative direction of a fund's returns vs. its underlying index over the past 12 months.

EXI Tax Exposures

20.00% / 39.60%

The maximum long-term and short-term U.S. tax rates applicable to a realized capital gain.

0.00%

The average capital gains paid out to shareholders in the past 36 months, measured as a percent of net asset value (NAV) at the time.

Qualified dividends

IRS treatment of the majority of the fund's distributions.

No

ETFs that are structured as commodities pools and classified as limited partnerships by the IRS will issue K-1 forms to holders.

EXI Fund Structure

Open-Ended Fund

The organizational structure of the fund or ETN.

No

An indicator of whether a fund uses over-the-counter derivatives such as swaps or forwards to achieve its objectives.

Yes

An indicator of whether or not a fund actively lends its portfolio holdings.

75% / 25%

The division of securities lending revenue between the fund and the issuer.

N/A

The institution responsible for providing the return of the stated index and whose credit is the sole backing of the ETN.

N/A

The risk of default by the ETN counterparty.

Low

The likelihood that an issuer will shut down a fund for business or regulatory reasons.

Daily

The frequency of an issuer's disclosure of all fund holdings.

EXI ETF.com Tradability Insight

Investors should be able to get in or out of EXI fairly with a bit of care. Median daily volume is modest but workable, and spreads, while reasonable on average, have been volatile at times. Limit orders are recommended. Larger traders should see low costs from liquidity providers based on our estimate of underlying liquidity and low creation costs (Insight updated 07/16/2014)



Average Spread
Premium/Discount
Volume

EXI ETF.com/ Block LiquidityAs of 10/22/2014

5
4
3
2
1

This measurement shows how easy it is to trade 25,000 shares of EXI. EXI is rated a 5 out of 5.

EXI Tradability

28,754

It is the daily number of shares traded, averaged over the past 45 trading days.

$1.97 M

It is the daily dollar value of shares traded, averaged over the past 45 trading days.

20,029

Median number of shares traded over the past 45 trading days.

$1.39 M

Median dollar value of shares traded over the past 45 trading days.

0.18%

The difference between the highest price a market participant is willing to pay to buy an ETF and the lowest price at which a market participant is willing to sell an ETF, averaged over the past 45 days, as a percent.

$0.12

The difference between the highest and lowest posted prices for an ETF, averaged over the past 45 days, in dollars.

0.06%

The middle value in the ranked set of all premium/discount values over a maximum 12-month period.

0.71% / -0.92%

The greatest amount that the market price exceeded (premium) and fell below (discount) its fair value/net asset value (NAV) over a maximum 12-month period.

None

This flags whether there is currently a systemic issue that has restricted the ability to create or redeem shares of the fund. This may be imposed by the fund's issuer, or by external circumstances.

63.82%

The percent of time that the underlying securities of an ETF are open to trading while US exchanges are open.

50,000

The smallest block of ETF shares that an Authorized Participant can either create or redeem at net asset value (NAV) with the issuer in exchange for the underlying shares of the fund.

0.40

The median 45 day share volume divided by the creation unit size of the fund. The higher the number, the more likely that liquidity providers will trade the fund in size, or in odd lots.

0.07%

The standard fee to create or redeem 1 creation unit of an ETF as a percentage of the dollar value of 1 creation unit.

0.03%

This metric serves as a way of understanding the impact of executing 1 creation unit worth of an ETF in terms of the volume of its underlying components.

--

The total number of net outstanding options contracts for an ETF.

$67.94

The total market value of the assets that an ETF holds less fund expenses.

5

An estimate of liquidity for the underlying baskets of securities, scaled 1 to 5.

EXI ETF.com Fit Insight

EXI offers a concentrated take on global industrials, but still represents the market reasonably well. US firms dominate the fund, accurately reflecting their large global footprint. EXI's overall tilt toward large-caps stems from its Global 1200 universe, and shows up in a lower P/E ratio and slightly higher yield. Industry biases are minor, rounding out the picture of solid coverage that leans toward larger firms. (Insight updated 07/16/2014)

EXI Geographic ExposureView All

EXI Segment Benchmark
49.00% 51.90%

17.80% 15.46%

5.04% 5.49%

3.10% 4.66%

3.42% 4.38%

2.63% 2.98%

1.96% 2.94%

1.88% 2.75%

1.29% 2.52%

13.87% 6.92%

EXI Segment Benchmark
51.63% 54.88%

20.11% 25.68%

25.84% 18.72%

1.38% 0.72%

94.54% / 5.46% 99.28% / 0.72%

EXI Performance Statistics

0.90

The degree to which the fund and its segment benchmark move up and down in unison.

0.99

The sensitivity of the returns of the fund to the movement of the ETF.com segment benchmark. Beta of 1.0 means magnitude of fund returns equals that of IU benchmark returns.

0.99

The comparison of a fund's return to our benchmark's for days when the benchmark is up. Ideally down beta is less than up beta while beta of 1.0 means they're equal.

0.97

The comparison of a fund's return to our benchmark's for days when the benchmark is down. Ideally down beta is less than up beta while beta of 1.0 means they're equal.

0.16%

A measure of the variability between the fund's returns and the ETF.com segment benchmark returns on days when the fund underperforms the benchmark.

Thomson Reuters Global
Industrials

This is the index that we have chosen as the best-in-class gauge for each segment's broad market.

EXI Benchmark Comparison

EXI
191 Holdings
Segment Benchmark
1625 Constituents
Shared Holdings
156 (Count)
 
57.01% (Weight)
EXISegment Benchmark
$40.91 B$53.4 B

The average market capitalization of the firms in the portfolio based on each firm’s weighting in the portfolio.

The breakdown of the portfolio’s holdings into each market capitalization bucket based on each firm’s weighting in the portfolio.

61%79%
28%21%
9%0%
2%0%
19.2616.28

Weighted average ratio of prices of a fund’s stocks to trailing earnings of underlying stocks.

2.272.36

Weighted average ratio of prices of a fund’s stocks to the book value of underlying equity.

1.85%2.05%

The weighted average of the current yield on the portfolio’s holdings.

1625191

The number of securities held in the fund as of ETF.com’s analysis date, based on issuer portfolios or the creation basket. If an ETF holds other ETFs, we count every constituent, looking through the ETF wrapper.

LowLow

The level of return contribution attributable to the average portfolio constituent.