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Ishares Dow Jones Us Consumer Services
iShares Dow Jones U.S. Consumer Services ETF (IYC) is an exchange-traded fund (ETF) that tracks the performance of the consumer services sector in the U.S. stock market. It is designed to provide investors with exposure to a wide range of companies in the consumer services industry, including those involved in retail, consumer goods, and consumer services.
Here are some key facts about the iShares Dow Jones U.S. Consumer Services ETF:
1. Index: The fund is designed to track the performance of the Dow Jones U.S. Consumer Services Index, which is a subset of the Dow Jones U.S. Index. The index covers a wide range of consumer services companies, including those involved in retail, consumer goods, and consumer services.
2. Holdings: The fund'scheapest holding includes well-known companies such as Amazon.com, McDonald's, Procter & Gamble, Coca-Cola, and Visa. The fund's holdings are diversified across a wide range of consumer services sub-industries, including retail, food & beverage, household & personal care, and leisure.
3. Market capitalization: The fund has a market capitalization of around $2.7 billion, making it one of the smaller ETFs in the iShares family.
4. Trading volume: The fund's average daily trading volume is around 22,000 shares, which is relatively low compared to other ETFs that track similar indexes.
5. Expenses: The fund's expense ratio is 0.40%, which is slightly higher than the average expense ratio for ETFs that track similar indexes.
6. Dividend yield: The fund's dividend yield is around 1.9%, which is slightly higher than the average dividend yield for ETFs that track similar indexes.
7. Performance: The fund's performance has been solid over the past few years, with a three-year annualized return of around 12%.
8. Inception date: The fund was incepted on June 12, 2000.
9. Manager: The fund is managed by BlackRock, the largest asset manager in the world.
10. Investment minimums: The minimum investment required to invest in the fund is $100, but this can vary depending on the brokerage firm used.
Overall, the iShares Dow Jones U.S. Consumer Services ETF (IYC) is a solid choice for investors looking to gain exposure to the consumer services sector in the U.S. stock market. It has a diversified portfolio of well-known companies and has delivered solid performance over the past few years. However, investors should always conduct their own research and consult with a financial advisor before making any investment decisions.