What is IAI?

IAI tracks a market-cap-weighted index of investment service providers as well as securities and commodities exchanges.

PERFORMANCE [as of 03/23/23] 1 MONTH 3 MONTHS YTD 1 YEAR 3 YEARS 5 YEARS 10 YEARS
IAI -12.79% -7.64% -7.47% -11.83% 29.76% 8.78% 14.05%
IAI (NAV) -13.04% -7.87% -7.75% -12.00% 29.62% 8.74% 14.01%
DJ US Select / Investment Services -12.59% -7.33% -7.21% -11.21% 30.23% 9.20% 14.47%
MSCI USA IMI / Capital Markets -IND -- -- -- -- -- -- --
All returns over 1 year are annualized. All returns are total returns unless otherwise stated.

IAI Factset Analytics Insight

IAI delivers a tight focus on one subset of the financial industry, only capturing US broker-dealers while excluding other sectors like banks and other financial institutions. The fund bypasses investment management firms as it focuses squarely on broker-dealers and trading firms. While its selection universe is smaller than our benchmark, the fund avoids fancy methodology and simply weights the portfolio by market-cap. A concentrated fund to begin with well over half of IAI's assets are held in its top holdings. The fund uses a sampling method and caps each company to 22.5%, while the aggregate weight of companies with greater than 4.5% are capped at 45% of the fund’s value. The fund undergoes quarterly rebalancing.

IAI Summary Data

Blackrock
05/01/06
0.39%
$818.79M
DJ US Select / Investment Services
MSCI USA IMI / Capital Markets -IND
Open-Ended Fund

Peers

MSCI USA IMI / Capital Markets -IND
KCE

Fund Flows

-$0.01B 5 Days
+$0.04B 30 Days
+$0.35B 90 Days

IAI Portfolio Data

$72.61B
16.52
2.14
1.50%
03/23/23
29

IAI Index Data

DJ US Select / Investment Services
Market Cap
Market Cap
MSCI USA IMI / Capital Markets -IND

IAI Portfolio Management

0.39%
-0.36%
-0.31%
-0.80%

IAI Tax Exposures

20.00% / 39.60%
--
Qualified dividends
No

IAI Fund Structure

Open-Ended Fund
No
No
-- / --
N/A
N/A
Low
Daily

Factset Analytics Block Liquidity

As of 03/24/23

This measurement shows how easy it is to trade a $1 million USD block of IAI. IAI is rated a 5 out of 5.

IAI Tradability

112,470
$10.71M
46,868
$4.66M
0.19%
$0.20
-0.02%
0.30% / -0.21%
None
100.00%
50,000
0.94
0.00%
0.17%
5,505
$88.78
5

IAI Sector/Industry Breakdown

IAI Segment
Benchmark
97.34% --
2.11% --
0.43% --
0.13% --

IAI Performance Statistics

--
--
--
--
--
MSCI USA IMI / Capital Markets -IND

IAI Countries

IAI Segment
Benchmark
99.89% --

IAI Regions

IAI Segment
Benchmark
99.89% --

IAI Economic Development

IAI Segment
Benchmark
99.89% --
0.00% --

IAI Benchmark Comparison Holdings

29
--
--
--

IAI Benchmark Comparison Summary

IAI Segment
Benchmark
29 --
$72.61B --
16.52 --
2.14 --
1.78% --
High --

IAI Benchmark Comparison Market Cap Size

IAI Segment
Benchmark
78.93% --
16.80% --
3.75% --
0.40% --