IBAT: ISHARES ENERGY STORAGE & MATERIALS ETF
IBAT: iShares Energy Storage & Materials ETF Report
What this ETF is trying to do
The iShares Energy Storage & Materials ETF (ticker: IBAT) focuses on companies involved in energy storage and materials. It holds a total of 95 different holdings. Based on the top holdings provided, the fund includes companies like Bloom Energy Corp Class A (7.38%) and Air Products and Chemicals Inc (6.92%). Because the list provided is partial, these represent only the largest parts of the portfolio.
What the numbers show
The data shows significant growth in the share price over the last year.
• Price Return: This measures only the change in the share price. The one-year price return was approximately 43.04%. The year-to-date (YTD) price return was approximately 44.79%.
• Total Return: This includes both the share price change and any distributions paid out. The one-year total return was approximately 44.22%, and the YTD total return was approximately 45.39%.
To visualize this, an investor's share price was estimated to be roughly $29.03 one year ago, compared to the current price of $41.53.
Income and distribution explanation
IBAT provides some cash income through distributions, but it is not a frequent payer. The distribution yield is approximately 0.73%. Over the last 12 months, there were 2 payouts. The distribution frequency is described as "irregular" or "less frequent." While the fund does pay distributions, the total return figures show that much of the recent growth has come from the increase in share price.
NAV erosion explanation
"NAV erosion" refers to a decline in the Net Asset Value (the actual value of the assets held by the fund). The supplied data is sufficient to evaluate price erosion, but it does not include enough historical NAV-per-share data to confirm or rule out NAV erosion.
However, looking at the market price, the fund shows an erosion score of 100, which is labeled as "No price erosion detected." The erosion severity is rated as "good," and there is no severe erosion-risk flag present.
Pros
• Strong Price Growth: The ETF has shown high price returns both over the last year and year-to-date.
• Low Erosion Risk: Based on the supplied erosion score, there are no signs of price deterioration.
Cons
• Low Distribution Frequency: The income is not paid out regularly, which may not suit investors looking for steady monthly cash.
• Partial Data: The holdings list is partial, meaning the full variety of the fund's investments is not shown here.
Beginner takeaway
IBAT has recently experienced strong growth in its share price. While it does pay distributions, the yield is relatively low and the payments do not happen on a regular schedule. Investors should note that while the share price has increased significantly, this report does not provide enough data to confirm if the underlying NAV has remained perfectly stable.
Top Holdings
Structured portfolio holdings supplied by the ETF data provider. These figures are not generated by the AI article.
| # | Holding | Ticker | Weight |
|---|---|---|---|
| 1 | BLOOM ENERGY CORP CLASS A | BE | 7.38% |
| 2 | AIR PRODUCTS AND CHEMICALS INC | APD | 6.92% |
| 3 | BASF SE | n/a | 6.79% |
| 4 | AIR LIQUIDE SA | n/a | 6.53% |
| 5 | TDK CORP | n/a | 5.47% |
| 6 | SAMSUNG SDI CO LTD | n/a | 5.45% |
| 7 | MURATA MANUFACTURING CO LTD | n/a | 5.08% |
| 8 | RESONAC HOLDINGS CORP | n/a | 3.99% |
| 9 | SCHNEIDER ELECTRIC SE | n/a | 3.93% |
| 10 | FURUKAWA ELECTRIC CO LTD | n/a | 3.78% |