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Trending ETFs

BlackRock Institutional Trust Company N.A. - BTC iShares International Preferred Stock ETF

ETF
IPFF
Payout Change
None
Price as of:
$ +0.0 +0.0%
primary theme
N/A
IPFF (ETF)

BlackRock Institutional Trust Company N.A. - BTC iShares International Preferred Stock ETF

Payout Change
None
Price as of:
$ +0.0 +0.0%
primary theme
N/A
IPFF (ETF)

BlackRock Institutional Trust Company N.A. - BTC iShares International Preferred Stock ETF

Payout Change
None
Price as of:
$ +0.0 +0.0%
primary theme
N/A

Name

As of 08/24/2021

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

Vitals

YTD Return

N/A

1 yr return

N/A

3 Yr Avg Return

N/A

5 Yr Avg Return

N/A

Net Assets

$48.6 M

Holdings in Top 10

24.4%

52 WEEK LOW AND HIGH

N/A
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 0.55%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover N/A

Redemption Fee N/A


Min Investment

Standard (Taxable)

N/A

IRA

N/A


Fund Classification

Fund Type

Exchange Traded Fund


Name

As of 08/24/2021

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

IPFF - Profile

Distributions

  • YTD Total Return N/A
  • 3 Yr Annualized Total Return N/A
  • 5 Yr Annualized Total Return N/A
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio N/A
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    BlackRock Institutional Trust Company N.A. - BTC iShares International Preferred Stock ETF
  • Fund Family Name
    BlackRock-advised Funds
  • Inception Date
    Nov 15, 2011
  • Shares Outstanding
    N/A
  • Share Class
    N/A
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Greg Savage

Fund Description

The Fund seeks to track the investment results of the S&P International Preferred Stock IndexTM (the “Underlying Index”), which measures the performance of a select group of preferred stocks traded on non-U.S. developed market exchanges as defined by S&P Dow Jones Indices LLC (the “Index Provider” or “SPDJI”), a subsidiary of S&P Global, Inc. Securities listed in emerging markets are excluded. The Underlying Index includes developed-market preferred stocks with full market capitalization of at least $125 million ($100 million for current constituents) that meet minimum liquidity, trading volume, maturity and other requirements determined by the Index Provider. The Underlying Index excludes certain issues of preferred stock, such as those that are issued by special ventures (e.g., toll roads or dam operators) or structured products that are linked to indices or other stocks. In general, preferred stock is a class of equity security that pays a specified dividend that must be paid before any dividends can be paid to common stockholders and takes precedence over common stock in the event of a company’s liquidation. Although preferred stocks represent a partial ownership interest in a company, preferred stocks generally do not carry voting rights and have economic characteristics similar to fixed-income securities. Preferred stocks generally are issued with a fixed par value and pay dividends based on a percentage of that par value at a fixed or variable rate. Additionally, preferred stocks often have a liquidation value that generally equals the original purchase price of the preferred stock at the date of issuance. The Underlying Index may include many different categories of preferred stock, such as floating, variable and fixed-rate preferreds, callable preferreds, convertible preferreds, cumulative and non-cumulative preferreds or various other traditional and hybrid issues of preferred stock. As of March 31, 2021, the Underlying Index was comprised of securities of companies in the following countries: Canada, Singapore, Sweden and the United Kingdom (the “U.K.”). The Underlying Index will include large-, mid- and small-capitalization companies and may change over time. As of March 31, 2021, a significant portion of the Underlying Index is represented by securities of companies in the energy and financials industries or sectors. The components of the Underlying Index are likely to change over time. BFA uses a “passive” or indexing approach to try to achieve the Fund’s investment objective. Unlike many investment companies, the Fund does not try to “beat” the index it tracks and does not seek temporary defensive positions when markets decline or appear overvalued. Indexing may eliminate the chance that the Fund will substantially outperform the Underlying Index but also may reduce some of the risks of active management, such as poor security selection. Indexing seeks to achieve lower costs and better after-tax performance by aiming to keep portfolio turnover low in comparison to actively managed investment companies. BFA uses a representative sampling indexing strategy to manage the Fund. “Representative sampling” is an indexing strategy that involves investing in a representative sample of securities that collectively has an investment profile similar to that of an applicable underlying index. The securities selected are expected to have, in the aggregate, investment characteristics (based on factors such as market capitalization and industry weightings), fundamental characteristics (such as return variability and yield) and liquidity measures similar to those of an applicable underlying index. The Fund may or may not hold all of the securities in the Underlying Index. The Fund generally will invest at least 80% of its assets in the component securities of its Underlying Index and in investments that have economic characteristics that are substantially identical to the component securities of its Underlying Index (i.e., depositary receipts representing securities of the Underlying Index) and may invest up to 20% of its assets in certain futures, options and swap contracts, cash and cash equivalents, including shares of money market funds advised by BFA or its affiliates, as well as in securities not included in the Underlying Index, but which BFA believes will help the Fund track the Underlying Index. Cash and cash equivalent investments associated with a derivative position will be treated as part of that position for the purposes of calculating investments not included in the Underlying Index. The Fund seeks to track the investment results of the Underlying Index before fees and expenses of the Fund. The Fund may lend securities representing up to one-third of the value of the Fund's total assets (including the value of any collateral received). The Underlying Index is a product of SPDJI, which is independent of the Fund and BFA. The Index Provider determines the composition and relative weightings of the securities in the Underlying Index and publishes information regarding the market value of the Underlying Index. Industry Concentration Policy. The Fund will concentrate its investments (i.e., hold 25% or more of its total assets) in a particular industry or group of industries to approximately the same extent that the Underlying Index is concentrated. For purposes of this limitation, securities of the U.S. government (including its agencies and instrumentalities) and repurchase agreements collateralized by U.S. government securities are not considered to be issued by members of any industry.
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IPFF - Performance

Return Ranking - Trailing

Period IPFF Return Category Return Low Category Return High Rank in Category (%)
YTD N/A -8.3% 15.5% 8.85%
1 Yr N/A -15.8% 2.9% 1.96%
3 Yr N/A* -10.6% 7.4% 96.15%
5 Yr N/A* -6.9% 6.4% 58.57%
10 Yr N/A* -3.5% 5.5% N/A

* Annualized

Return Ranking - Calendar

Period IPFF Return Category Return Low Category Return High Rank in Category (%)
2023 N/A -26.1% 0.9% 39.33%
2022 N/A -1.5% 11.1% 100.00%
2021 N/A -9.1% 13.7% 100.00%
2020 N/A 1.6% 7.2% 1.54%
2019 N/A -3.2% -0.5% 84.13%

Total Return Ranking - Trailing

Period IPFF Return Category Return Low Category Return High Rank in Category (%)
YTD N/A -19.4% 15.5% 8.85%
1 Yr N/A -15.8% 16.6% 1.60%
3 Yr N/A* -10.6% 9.3% 90.00%
5 Yr N/A* -5.6% 6.4% 42.71%
10 Yr N/A* -2.9% 5.5% N/A

* Annualized

Total Return Ranking - Calendar

Period IPFF Return Category Return Low Category Return High Rank in Category (%)
2023 N/A -26.1% 0.9% 40.45%
2022 N/A -1.5% 11.1% 100.00%
2021 N/A -9.1% 13.7% 100.00%
2020 N/A 1.7% 7.2% 1.54%
2019 N/A -3.2% -0.4% 84.13%

IPFF - Holdings

Concentration Analysis

IPFF Category Low Category High IPFF % Rank
Net Assets 48.6 M 12.9 M 16.4 B 88.51%
Number of Holdings 77 32 500 85.71%
Net Assets in Top 10 14.5 M 2.06 K 2.37 B 84.62%
Weighting of Top 10 24.42% 12.4% 48.5% 32.97%

Top 10 Holdings

  1. TC Energy Corp 3.89%
  2. Canadian Imperial Bank of Commerce 3.09%
  3. Klovern AB 2.86%
  4. Royal Bank of Canada 2.42%
  5. Bank of Montreal 2.33%
  6. Fortis Inc/Canada 2.03%
  7. Toronto-Dominion Bank/The 2.01%
  8. Bank of Nova Scotia/The 1.96%
  9. Bank of Montreal 1.94%
  10. Enbridge Inc 1.90%

Asset Allocation

Weighting Return Low Return High IPFF % Rank
Preferred Stocks
99.33% 2.27% 115.85% 14.29%
Cash
0.76% -27.79% 5.28% 64.84%
Stocks
0.00% -2.67% 34.04% 25.27%
Other
0.00% -0.16% 11.21% 23.08%
Convertible Bonds
0.00% 0.00% 31.65% 79.12%
Bonds
0.00% 0.00% 83.26% 78.02%

IPFF - Expenses

Operational Fees

IPFF Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.55% 0.22% 2.45% 76.09%
Management Fee 0.55% 0.00% 1.00% 22.99%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.01% 0.55% N/A

Sales Fees

IPFF Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.00% 5.75% N/A
Deferred Load N/A 1.00% 2.25% N/A

Trading Fees

IPFF Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A N/A N/A N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

IPFF Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover N/A 12.00% 199.00% 88.00%

IPFF - Distributions

Dividend Yield Analysis

IPFF Category Low Category High IPFF % Rank
Dividend Yield 0.00% 0.00% 9.48% 81.91%

Dividend Distribution Analysis

IPFF Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Monthly Monthly Monthly

Net Income Ratio Analysis

IPFF Category Low Category High IPFF % Rank
Net Income Ratio N/A 0.88% 7.54% 42.68%

Capital Gain Distribution Analysis

IPFF Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually

Distributions History

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IPFF - Fund Manager Analysis

Managers

Greg Savage


Start Date

Tenure

Tenure Rank

Nov 15, 2011

9.72

9.7%

Greg Savage, Managing Director; has been associated with BlackRock Fund Advisors since 2009. Mr. Savage has been a senior portfolio manager for BFA and BTC since 2009. Prior to his employment with BFA and BTC, Mr. Savage was a senior portfolio manager from 2006 to 2009 for BGFA and BGI and a portfolio manager from 2001 to 2006 for BGFA and BGI.

Jennifer Hsui


Start Date

Tenure

Tenure Rank

Aug 01, 2012

9.0

9.0%

Jennifer Hsui, Managing Director & Portfolio Manager at BlackRock Investment Management LLC has been employed by BlackRock Fund Advisors as a senior portfolio manager since 2007. Prior to that, Ms. Hsui was a portfolio manager from 2006 to 2007 for BGFA. She was a research analyst for RBC Capital Markets from 2003 to 2006.

Alan Mason


Start Date

Tenure

Tenure Rank

Apr 15, 2016

5.3

5.3%

Alan Mason is a Managing Director of BlackRock Advisors, LLC since 2009. Previously, Mr. Mason was a Managing Director of Barclays Global Investors from 2008 to 2009 and a Principal from 1996 to 2008.

Amy Whitelaw


Start Date

Tenure

Tenure Rank

Aug 01, 2018

3.0

3.0%

Amy Whitelaw is Managing Director of BlackRock, Inc. since 2013 and was Director of the firm from 2009 to 2012. Ms. Whitelaw's service with the firm dates back to 1998, including her years with Barclays Global Investors (BGI), which merged with BlackRock in 2009. Ms. Whitelaw served as Principal of BGI from 2000 to 2009. Previously Ms. Whitelaw worked in the Transition Services group as a transition manager and strategist, and was also an international equity trader on BGI’s trading desk.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.09 30.32 7.92 11.42