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Trending ETFs

iShares Global Timber & Forestry ETF

ETF
WOOD
Payout Change
Suspended
Price as of:
$84.82 +0.76 +0.9%
primary theme
Natural Resources Industry Equity
WOOD (ETF)

iShares Global Timber & Forestry ETF

Payout Change
Suspended
Price as of:
$84.82 +0.76 +0.9%
primary theme
Natural Resources Industry Equity
WOOD (ETF)

iShares Global Timber & Forestry ETF

Payout Change
Suspended
Price as of:
$84.82 +0.76 +0.9%
primary theme
Natural Resources Industry Equity

Name

As of 03/27/2024

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

$84.82

$190 M

0.00%

$0.00

0.42%

Vitals

YTD Return

4.3%

1 yr return

23.5%

3 Yr Avg Return

1.1%

5 Yr Avg Return

7.9%

Net Assets

$190 M

Holdings in Top 10

58.4%

52 WEEK LOW AND HIGH

$84.1
$69.15
$84.82

Expenses

OPERATING FEES

Expense Ratio 0.42%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 18.00%

Redemption Fee N/A


Min Investment

Standard (Taxable)

N/A

IRA

N/A


Fund Classification

Fund Type

Exchange Traded Fund


Name

As of 03/27/2024

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

$84.82

$190 M

0.00%

$0.00

0.42%

WOOD - Profile

Distributions

  • YTD Total Return 4.3%
  • 3 Yr Annualized Total Return 1.1%
  • 5 Yr Annualized Total Return 7.9%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 1.78%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Other

Fund Details

  • Legal Name
    iShares Global Timber & Forestry ETF
  • Fund Family Name
    BlackRock-advised Funds
  • Inception Date
    Jun 24, 2008
  • Shares Outstanding
    3540000
  • 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 Global Timber & Forestry IndexTM (the Underlying Index), which is composed of 29 of the largest publicly traded companies engaged in the ownership, management or upstream supply chain of forests and timberlands. These include forest products companies, timber real estate investment trusts (REITs), paper products companies, paper packaging companies and agricultural products companies. Because many securities included in the Underlying Index may be issued by specialized REITs and forest products companies, the Fund is concentrated in the specialized REITs and forest products industries. Companies are eligible for inclusion if they have a minimum total market capitalization of greater than or equal to $300 million, a float adjusted market capitalization (FMC) of greater than or equal to $100 million, a median daily value traded of at least $3 million ($2 million for existing constituents) for the six months prior to the rebalancing reference date.
Stocks that meet the above eligibility criteria are reviewed for specific practices related to Timber and Forestry. Underlying Index constituents are drawn from the S&P Global BMI. The preliminary universe of companies is identified based on any of the following screens:
• Companies that derive at least 25% in aggregate revenue from Timber and Forestry-related businesses as defined by FactSet’s Revere Business Industry Classification System (RBICS) data.
• Companies that have a GICS classification of Specialized REITs (and are defined as Timber REITs) (GICS Selection).
• Companies in the universe at the previous rebalancing that were assigned an Exposure Score of at least 0.5 (including companies that were not actually selected for inclusion).
Companies with greater than 75% aggregate revenue from Timber and Forestry-related businesses and all companies from the GICS Selection are included in the Underlying Index. If the total number of companies is less than 100, the Index Provider next adds additional constituents in order of revenue exposure to Timber and Forestry-related businesses (the Exposure Score) and FMC until the constituent count reaches 100 or until all constituents with an Exposure Score of 0.5 or above are selected. The Underlying Index is weighted using a product of the Exposure Score and FMC, with a cap based on relative trading volume and Exposure Score.
In addition, the Index Provider uses company exclusion criteria related to business activity (e.g., controversial weapons, tobacco, thermal coal, etc.) and other exclusion guidelines based on
a company’s compliance with the United Nations Global Compact UNGC) provided by Sustainalytics. Lastly, the Index Provider uses RepRisk, a leading provider of business intelligence on environmental, social, and governance risks, for screening and analysis of controversies related to companies within the Underlying Index. Companies without Sustainalytics coverage are ineligible for index inclusion until they receive such coverage.
As of March 31, 2023, the Underlying Index was composed of securities of companies in the following countries: Brazil, Canada, China, Finland, Ireland, Japan, Portugal, South Africa, Sweden, the United Kingdom (the U.K.) and the U.S. The Underlying Index may include large-, mid- or small-capitalization companies. As of March 31, 2023, a significant portion of the Underlying Index is represented by securities of companies in the materials, natural resources, real estate and timber and forestry-related industries, sub-industries, sectors or sub-sectors. The components of the Underlying Index are likely to change over time.
The Underlying Index is reconstituted semi-annually after the close of the last business day in March and September. The reference date for the reconstitutions is after the close of the last business day of February and August, respectively. In addition, the Underlying Index is reweighted quarterly after the close on the last business day of March, June, September, and December. The pricing reference date used for re-weighting purposes is seven business days prior to the effective date.
BFA uses an 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 the percentage of investments 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 S&P Dow Jones Indices LLC (the Index Provider or SPDJI), which isindependent 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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WOOD - Performance

Return Ranking - Trailing

Period WOOD Return Category Return Low Category Return High Rank in Category (%)
YTD 4.3% -12.2% 10.9% 39.25%
1 Yr 23.5% -25.2% 74.6% 7.55%
3 Yr 1.1%* -12.0% 27.9% 87.62%
5 Yr 7.9%* -3.1% 21.4% 78.00%
10 Yr 7.1%* -6.8% 12.4% 24.10%

* Annualized

Return Ranking - Calendar

Period WOOD Return Category Return Low Category Return High Rank in Category (%)
2023 11.8% -13.1% 52.1% 17.92%
2022 -20.9% -34.9% 34.0% 89.52%
2021 15.5% -4.9% 83.5% 91.26%
2020 18.8% -23.4% 126.4% 22.77%
2019 17.3% -25.1% 36.9% 25.00%

Total Return Ranking - Trailing

Period WOOD Return Category Return Low Category Return High Rank in Category (%)
YTD 4.3% -12.2% 10.9% 39.25%
1 Yr 23.5% -25.2% 74.6% 7.55%
3 Yr 1.1%* -12.0% 27.9% 87.62%
5 Yr 7.9%* -3.1% 21.4% 78.00%
10 Yr 7.1%* -6.8% 12.4% 24.10%

* Annualized

Total Return Ranking - Calendar

Period WOOD Return Category Return Low Category Return High Rank in Category (%)
2023 13.8% -12.2% 57.6% 18.87%
2022 -19.3% -32.2% 35.5% 87.62%
2021 17.0% -2.5% 83.6% 95.15%
2020 20.3% -22.2% 127.8% 27.72%
2019 19.8% -25.1% 38.7% 32.00%

WOOD - Holdings

Concentration Analysis

WOOD Category Low Category High WOOD % Rank
Net Assets 190 M 1.56 M 7.28 B 77.78%
Number of Holdings 41 23 445 72.22%
Net Assets in Top 10 126 M 627 K 3.57 B 59.26%
Weighting of Top 10 58.45% 16.6% 77.8% 24.07%

Top 10 Holdings

  1. Weyerhaeuser Co 8.07%
  2. Svenska Cellulosa AB SCA 7.43%
  3. Suzano SA 7.04%
  4. Smurfit Kappa Group PLC 6.33%
  5. International Paper Co 5.93%
  6. Stora Enso Oyj 5.25%
  7. West Fraser Timber Co Ltd 4.85%
  8. Rayonier Inc 4.74%
  9. PotlatchDeltic Corp 4.50%
  10. Westrock Co 4.31%

Asset Allocation

Weighting Return Low Return High WOOD % Rank
Stocks
99.59% 0.00% 104.40% 36.11%
Cash
0.39% 0.00% 24.88% 82.41%
Other
0.02% -0.02% 22.94% 12.96%
Preferred Stocks
0.00% 0.00% 7.55% 69.44%
Convertible Bonds
0.00% 0.00% 0.43% 67.59%
Bonds
0.00% 0.00% 77.23% 69.44%

Stock Sector Breakdown

Weighting Return Low Return High WOOD % Rank
Basic Materials
57.68% 2.49% 100.00% 29.63%
Real Estate
25.29% 0.00% 36.20% 1.85%
Consumer Cyclical
17.03% 0.00% 43.37% 2.78%
Utilities
0.00% 0.00% 35.93% 83.33%
Technology
0.00% 0.00% 17.68% 81.48%
Industrials
0.00% 0.00% 63.67% 98.15%
Healthcare
0.00% 0.00% 22.67% 82.41%
Financial Services
0.00% 0.00% 4.52% 68.52%
Energy
0.00% 0.00% 89.67% 86.11%
Communication Services
0.00% 0.00% 0.21% 64.81%
Consumer Defense
0.00% 0.00% 33.96% 82.41%

Stock Geographic Breakdown

Weighting Return Low Return High WOOD % Rank
Non US
69.45% 0.00% 88.44% 3.70%
US
30.14% 0.00% 104.40% 96.30%

WOOD - Expenses

Operational Fees

WOOD Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.42% 0.08% 4.45% 87.04%
Management Fee 0.41% 0.00% 1.25% 15.74%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.03% 0.25% N/A

Sales Fees

WOOD Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 3.50% 5.75% N/A
Deferred Load N/A 1.00% 1.00% N/A

Trading Fees

WOOD Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 2.00% 2.00% 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.

WOOD Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 18.00% 4.00% 169.00% 14.77%

WOOD - Distributions

Dividend Yield Analysis

WOOD Category Low Category High WOOD % Rank
Dividend Yield 0.00% 0.00% 12.62% 75.93%

Dividend Distribution Analysis

WOOD Category Low Category High Category Mod
Dividend Distribution Frequency Other Annual Monthly Annual

Net Income Ratio Analysis

WOOD Category Low Category High WOOD % Rank
Net Income Ratio 1.78% -35.65% 6.21% 31.78%

Capital Gain Distribution Analysis

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

Distributions History

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WOOD - Fund Manager Analysis

Managers

Greg Savage


Start Date

Tenure

Tenure Rank

Jun 24, 2008

13.94

13.9%

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

9.84

9.8%

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.

Amy Whitelaw


Start Date

Tenure

Tenure Rank

Aug 01, 2018

3.83

3.8%

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.

Paul Whitehead


Start Date

Tenure

Tenure Rank

Jan 01, 2022

0.41

0.4%

Paul Whitehead is responsible for supporting the day-to-day management of the MML Blend Fund’s portfolio, including setting the Fund’s overall investment strategy and overseeing the management of the Fund. Mr. Whitehead is a Managing Director of BlackRock, Inc., Co-Head of Index Equity, and Co-Head of BlackRock’s ETF and Index Investments business. Mr. Whitehead also oversees the management of BlackRock’s Institutional and iShares funds. Mr. Whitehead was previously the Global Head of Equity Trading and the Global Head of Transition Management within BlackRock’s Global Trading Group. Mr. Whitehead’s service with the firm dates back to 1996, including his years with Barclays Global Investors, which merged with BlackRock in 2009. Prior to his current role, Mr. Whitehead was Head of Americas Equity Trading. Previously, he managed the trading team responsible for all Institutional Index funds, Exchange Traded funds, and Transition Management mandates. Mr. Whitehead represents BlackRock on the board of Luminex, a buy-side owned Alternative Trading System launched in 2015.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.16 24.18 7.69 0.54