KXI Fund Description

The iShares S&P Global Consumer Staples Sector Index Fund tracks a market-cap-weighted index of the top 70% of consumer staples companies by market cap.

KXI ETF.com Insight

If you're looking for marketlike exposure to consumer staples companies around the world, KXI delivers. Like most global funds, it has a heavy allocation to the US (over 50%), but balancesKXI delivers. that with exposure to the rest of the world. KXI only holds consumer staples companies within the largest 1200 companies by market cap, so it tilts much bigger than our broader benchmark. KXI underweights food and tobacco producers and food and drug retailing and overweights diversified retail companies. KXI charges a reasonable expense ratio and trades well, so costs are manageable. In addition, it has outperformed our benchmark over the past five years (commensurate with risk taking). For providing solid exposure to an otherwise unserved segment, KXI earns a spot on our Analyst Pick list. (Insight updated 05/13/2014)

  • 1 Month

  • 3 Months

  • YTD

  • 1 Year

  • 3 Years

  • 5 Years

  • Max

Performance [as of 07/21/14] 1 Month 3 Month YTD 1 Year 3 Years 5 Years 10 Years

KXI (Mkt)
-0.71% 3.52% 5.86% 10.59% 13.00% 15.53% --

KXI (NAV)

-0.52% 3.73% 6.00% 10.72% 13.15% 15.56% --

S&P Global 1200 Consumer Staples Sector Index

-0.53% 3.73% 5.99% 10.74% 13.17% 15.56% --
All returns over 1 year are annualized. All returns are total returns unless otherwise stated.

KXI Top 10 Countries View All

KXI Top 10 Sectors

KXI Top 10 Holdings View All

KXI 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.

$626.26 M

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

$1.82 M

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

0.15%

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 60 days, as a percent.

KXI Portfolio Data

$101.73 B

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

20.45

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

3.86

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

2.21%

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.

99

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.

KXI Index Data

S&P Global 1200
Consumer Staples 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
Non-Cyclicals

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

Related ETFs to KXI

XLP, VDC, FXG, IPS, AXSL

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

KXI ETF.com Efficiency Insight

KXI is a long-standing, stable fund with about $600 million in assets. It charges 0.48%, a below-average fee for a global sector fund. It actively lends out its securities, which has helped it claw back its entire fee over most periods, and it tracks its index with little variability. It hasn't made a single capital gains payout in its 5-year lifetime, making it tax efficient as well. (Insight updated 05/13/2014)


Total Return
  • 1 Month

  • 3 Months

  • YTD

  • 1 Year

  • 3 Years

  • 5 Years

  • Max

Performance [as of 07/21/14] 1 Month 3 Month YTD 1 Year 3 Years 5 Years 10 Years

KXI (Mkt)
-0.71% 3.52% 5.86% 10.59% 13.00% 15.53% --

KXI (NAV)
-0.52% 3.73% 6.00% 10.72% 13.15% 15.56% --

S&P Global 1200 Consumer Staples Sector Index
-0.53% 3.73% 5.99% 10.74% 13.17% 15.56% --

Thomson Reuters Global Non-Cyclicals
-0.35% 4.18% 6.65% 11.29% 10.88% 14.05% --
All returns over 1 year are annualized. All returns are total returns unless otherwise stated.

KXI Portfolio Management

0.48%

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

0.01%

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.

0.06%

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

-0.05%

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

KXI 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.

KXI 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.

N/A

The multiple of the underlying index which the fund aims to deliver. For funds that reset, the leverage factor holds true only for the reset period, often just 1 day.

N/A

The time period at which the fund “trues up” its leverage factor. For funds that reset, the reset period–often just 1 day–is the length of time over which the fund delivers its leverage factor.

KXI ETF.com Tradability Insight

KXI is reasonably easy to trade, especially at retail size. On most days, at least $1 million changes hands. Its average bid/ask spread, at 0.19%, is manageable with limit orders. For block orders, larger investors face low fees from market makers, while underlying liquidity is reasonable and creation costs are fair. (Insight updated 05/13/2014)

Average Spread

Premium/Discount

Volume

KXI ETF.com/ Block LiquidityAs of 07/22/2014

5
4
3
2
1

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

KXI Tradability

20,147

The average number of shares traded during a 60 day period.

$1.82 M

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

13,039

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

$1.19 M

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

0.15%

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 60 days, as a percent.

$0.13

The difference between the highest and lowest posted prices for an ETF, averaged over the past 60 days, in dollars.

0.01%

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

0.85% / -0.77%

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

66.42%

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.

0.26

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.

0.04%

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

0.06%

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.

93

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

$90.11

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.

KXI ETF.com Fit Insight

KXI captures the global consumer staples space well, with a strong bias toward larger companies. It tilts much larger than our benchmark, with 92% of its portfolio allocated to large-caps (vs. our benchmark's 76%). It overweights the US and Europe and underweights Asian countries like Japan and China. KXI goes slightly outside the Consumer staples sector as we see it, with a 4% each allocation to diversified retail (mostly Walmart) and specialty retail, but otherwise delivers solid coverage. (Insight updated 05/13/2014)

KXI Geographic ExposureView All

KXI Segment Benchmark
46.87% 51.06%
12.97% 14.93%
7.31% 7.75%
7.72% 5.73%
3.74% 4.43%
2.95% 3.35%
1.11% 3.16%
1.40% 2.85%
1.24% 1.51%
14.68% 5.23%

KXI Segment Benchmark
47.97% 51.88%
31.89% 36.53%
16.66% 9.07%
2.85% 2.52%
91.50% / 8.50% 97.16% / 2.84%

KXI Performance Statistics

0.93

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

1.04

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.

1.07

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.

0.98

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.

0.13%

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
Non-Cyclicals

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

KXI Benchmark Comparison

KXI
99 Holdings
Segment Benchmark
722 Constituents
Shared Holdings
88 (Count)
 
74.22% (Weight)
KXISegment Benchmark
$77.05 B$101.73 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.

77%92%
18%8%
5%0%
1%0%
22.0220.45

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

3.513.86

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

1.77%1.93%

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

72299

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.

LowMedium

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