IBAT

iShares Energy Storage & Materials ETF

IBAT tracks a price-weighted index of companies involved in energy storage solutions around the globe. The fund seeks to provide long-term growth opportunities from companies involved in the transition to a low-carbon economy.


Global

EQUITY

Passive

MANAGEMENT STYLE

6.7 M

ASSETS UNDER MGMT

47 bp

EXPENSES
Fund Basics
Fund sponsoriShares
CategoryGlobal
Asset classEquity
Websitelink...
Inception dateMar 19, 2024
Assets (mns)$7
Expense ratio47 bp
CurrencyUSD
Sector Breakdown
Fund Structure
RegulationOpen-Ended Fund
DistributionsQuarterly
Taxation1099
Stock selection
Weighting
Holdings TransparencyFull
Derivatives-basedNo
Options availableNo
Currency hedgedNo
Fund of fundsNo
Top 10 Holdings Complete list  + 
LG ENERGY SOLUTION LTD. 7.0 %
SAMSUNG SDI CO LTD 6.9 %
AIR PRODUCTS & CHEMICALS INC 6.9 %
BASF SE 6.4 %
CONTEMPORARY AMPEREX TECHNOLOGY CO., LTD 6.1 %
AIR LIQUIDE SA 5.8 %
MURATA MANUFACTURING CO LTD 5.6 %
ASAHI KASEI CORP 4.3 %
LG CHEM LTD 4.0 %
MITSUBISHI CHEMICAL HOLDINGS 3.9 %
Constituent Breakdown
Number of holdings62
Herfindahl-Hirschman Index 427
Wgt avg mkt cap (mns)$54,222
Large cap (>$10bn)75.6%
Mid cap ($2-10bn)13.8%
Small cap (<$2bn)10.6%
Developed mkts.71.0%
Emerging mkts.29.0%
Country Exposure
JAPAN 23.3 %
UNITED STATES 20.1 %
SOUTH KOREA 19.1 %
FRANCE 9.2 %
CHINA 7.8 %
GERMANY 6.6 %
IRELAND 3.4 %
BRITAIN 3.3 %
SWITZERLAND 3.1 %
TAIWAN 2.5 %
Historical Performance


Standardized Performance (as of 09/30/2024)
 YTD1 YR2 YR3 YR5 YR10 YRIncep.
Total Returns -- -- -- -- -- -- --
Volatility -- -- -- -- -- -- --
Market Correlations
versus...BetaR-squared
S&P 5000.000%
MSCI EAFE0.000%
MSCI Emg Mkts0.000%
Liquidity Measures
Avg. volume (000)0
Turnover0.0%
Avg. Bid/Ask (% of price)0.00%
ADV of underlying (mns)$10,268
Technical Indicators
Recent close$23.91
30d moving avg.$0.00
Annualized volatility0.0%
Relative strength (RSI)0
Short interest (ETF)0.6%
Short interest (underlying)0.0%
Distributions
Assets Under Management (mns)

Money Flows (mns)

Short Interest (as % of shares outstanding)

Long Money Flows (mns)

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Risk and Returns: IBAT vs. Comps (1 YR)

Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.

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Results & Estimates
  2019 2020 2021 2022 2023 2024E 2025E  
Sales per share -- -- -- -- -- -- --
  change (%) -- -- -- -- -- -- --
Earnings per share -- -- -- -- -- -- --
  change (%) -- -- -- -- -- -- --
Dividends per share -- -- -- -- -- -- --
  change (%) -- -- -- -- -- -- --
Book value per share -- -- -- -- -- -- --
  change (%) -- -- -- -- -- -- --
Return on Equity
Net Margins
EPS Revision Activity (6 mo. ago = 100%)
Compound Annual Growth Rates

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Valuation Metrics
  2023 2024E Fwd Est 2025E
Price-to-sales --x --x --x --x
Price-to-earnings --x --x --x --x
Price-to-cash flow --x --x --x --x
Price-to-growth --x --x --x --x
Price-to-book value --x --x --x --x
Yield --% --% --x --%
0.9 17.2 1.4 2.4% --
Based on closing prices from 10/29/2024
Historical Valuation Trends Sample data. Subscribe for access.

SHOWING:
Price-to-Earnings
IBAT



Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.

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ETF Research Center Rating

NEUTRAL

Average appreciation potential. A rating of NEUTRAL is assigned to ETFs with ALTAR Scores in the middle quintile (ranking between 40%-60%) of their category. This indicates that valuations adequately reflect the fundamentals of stocks in these funds.

ALTAR Score™

IBAT

3.4%

Cat. Avg

4.1%


ALTAR Score™ Calculation

Category Overview
There are 361 funds in the Global Equity category, with an average ALTAR Score™ of 4.1% and a standard deviation of 4.6%. IBAT's ALTAR Score™ is approximately 0.2 standard deviations below the category average. This places IBAT in the 44th percentile among funds in the category.
Sell Side Consensus Rating

Sell-side recommendations on the ETF's individual constituents

IBAT
Peer Average
SELL
U/W
HOLD
O/W
BUY
Factor Scorecard

SIZE
VALUE
YIELD
MOMENTUM
VOLATILITY
QUALITY
Expense Analysis

Peer Group Passive
Global Equity ETFs
# of ETFs 53
Avg. Expense Ratio 50.8 bp
Std. Deviation 22.4 bp
IBAT (47 bp) Percentile rank 43
Peer Group Expense Ratio Distribution


Total Cost of Ownership (TCO) Comparison
Expense (bp)
(A)
Avg. Bid/Ask (bp)
(B)
TCO (bp)
(A)+(B)
IBAT 47.0 0.0 47
Peer Avg. 57.0 39.6 96.6
  For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .