iShares U.S. Broker-Dealers & Securities Exchanges ETF

Frequently Asked Questions About IAI

What does IAI invest in?

The iShares U.S. Broker-Dealers & Securities Exchanges ETF (IAI) is designed to replicate the financial performance of an underlying benchmark. This index is exclusively made up of shares from U.S.-based companies that operate within the investment services industry.

What is the expense ratio of IAI?

iShares U.S. Broker-Dealers & Securities Exchanges ETF (IAI) charges an expense ratio of 0.38%. This is the annual fee deducted from fund assets to cover management and operations.

How big is IAI?

iShares U.S. Broker-Dealers & Securities Exchanges ETF (IAI) manages $1.38B in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure — funds below ~$50M are at higher risk of liquidation.

Is IAI actively managed or an index fund?

IAI's management style is described in the fund's prospectus. See the description on the Summary tab for the published strategy.

When was IAI launched?

iShares U.S. Broker-Dealers & Securities Exchanges ETF (IAI) launched in May 2006 and is managed by IShares.

How has IAI performed?

IAI's total return — price change plus reinvested distributions — is charted at the top of this page. Switch the price chart to Total Return and pick a 1-year, 3-year, 5-year, or 10-year window to read the compound annual growth rate (CAGR) over each horizon.