About ITA ETF
BLACKROCK AEROSPACE AND DEFENSE ETF (ITA) offers exposure to the aerospace & defense industry. The fund caps its holdings to meet diversification requirements, preventing heavy allocation to United Technologies, Boeing and Lockheed Martin. The benchmark has more than 50% exposure to these three firms whereas ITA has only about 25%. Hence, ITA tilts towards small and mid-caps compared to the benchmark Defense/Aerospace ETF ITA Continues Flying High The Aerospace & Defense Sector Is Hotter Than Ever (ITA) About the Fund Manager: Founded in 1988, Blackrock is the largest asset manager in the world managing $6.28T. BlackRock operates globally with 70 offices in 30 countries and clients in 100 countries. Due to its power and the sheer size and scope of its financial assets and activities, BlackRock has been called the world's largest shadow bank. How did we identify this ETF: A complete pool of 2100+ ETFs are screened on various qualitative and quantitative parameters to evaluate efficiency, tradability and fit. The metrics used were alpha, beta and R-Squared with respect to the segment benchmark and ETF specific metrics such as expense ratio, drawdown, volatility and the overall rating. We evaluate all ETFs and assign a composite score based on our analysis and then select the top ones in a category based on that comprehensive score by the inhouse research / quant analysts team. ITA offers ample primary and secondary liquidity. Spreads are generally tight and block trades are easy to execute. While ITA's fee isn't cheap, it compares well within its segment and excellent tracking means that its holding costs should be in line with ITA's expense ratio. The strategy is rebalanced on a quarterly basis with the rebalancing mechanism being determined by an algorithm that takes into account the overall performance of the strategy so far.
Returns
| Performance | YTD | 1Y | 3Y | 5Y | 10Y |
|---|---|---|---|---|---|
| Blackrock Aerospace And Defense ETF | 12.03% | 37.48% | 3.91% | 13.89% | 14.23% |
Asset Class
Asset type breakdown
ITA Holdings - Top 10
| Namei | Weightage (%) | |
|---|---|---|
| The Boeing Company | 18.96% | |
| Raytheon Technologies Corporation | 18.42% | |
| Lockheed Martin Corporation | 5.24% | |
| General Dynamics Corporation | 4.81% | |
| TransDigm Group Incorporated | 4.39% | |
| L3Harris Technologies, Inc | 4.38% | |
| Northrop Grumman Corporation | 4.35% | |
| Teledyne Technologies Incorporated | 4.26% | |
| Textron Inc | 3.62% | |
| Howmet Aerospace Inc | 3.44% |
ITA Sectors/Industry Breakdown
| Sectori | % of market value | |
|---|---|---|
| Industrials | 94.93% | |
| Technology | 5.07% |
ITA Countries
| Countryi | % of market value | |
|---|---|---|
| North America | 100% |
Projected Returns
Returnsbased on historic SIP returns of 11.03% per annum
ITA Summary Data
| Total Net Assets | $ | i |
| Average Mkt Cap Mil | $ | i |
| Symbol | ITA | |
| Exchange | BATS | |
| ISIN | US4642887602 |
| Cat. Benchmark | MSCI ACWI NR USD | |
| Asset class | Equity | |
| Category | Industrials | |
| Country | US |
ITA Portfolio Data & Volatility Analysis
| Net Expense Ratio | 0.42 | i |
| Beta | 1.37 | i |
| Valuations Rates Portfolio PE | 28.06815 | i |
| 3 Year Standard Deviation | 29.23 | i |
Fund Strategy
The investment seeks to track the investment results of the Dow Jones U.S. Select Aerospace & Defense Index composed of U.S. equities in the aerospace and defense sector. The fund generally invests at least 90% of its assets in securities of the underlying index and in depositary receipts representing securities of the underlying index. The underlying index measures the performance of the aerospace and defense sector of the U.S. equity market. Aerospace companies in the index include manufacturers, assemblers and distributors of aircraft and aircraft parts.
ITA Fact Sheets & Reports
About iShares by Blackrock
"iShares" is a gathering of ETFs managed by Blackrock. Blackrock is an American investment management corporation founded in 1988. Some iShares ETFs are actively managed but most funds track a bond or share market index.
