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About iShares MSCI Global Select Metals & Mining Producers Fund
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Inception date
Jan 31, 2012
Structure
Open-Ended Fund
Replication method
Physical
Dividend treatment
Distributes
Distribution tax treatment
Qualified dividends
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
BlackRock Fund Advisors
Distributor
BlackRock Investments LLC
PICK's gold-and-silver-free approach to the mining segment has found favor with investors. The fund's index, the MSCI ACWI Select Metals & Mining Producers Ex Gold & Silver IMI, excludes gold and silver mining firms like Barrick Gold and Goldcorp. This leads to larger allocations to steel and integrated mining companies, among others. In addition, PICK's underlying index aims for a broader exposure, including industries like coal, which we place in the energy sector. Pumped-up weightings to the largest firms are something investors should be wary of before investing in this fund, as the methodology does not cap its holdings. In all, PICK offers an interesting take on the space for investors who want to carve precious metals out of their global metals and mining exposure.
Classification
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
Non-Energy Minerals
Stocks99.77%
Non-Energy Minerals90.42%
Distribution Services4.96%
Producer Manufacturing2.93%
Energy Minerals0.66%
Process Industries0.20%
Commercial Services0.18%
Electronic Technology0.17%
Miscellaneous0.11%
Finance0.07%
Industrial Services0.05%
Bonds, Cash & Other0.23%
Cash0.25%
Miscellaneous−0.02%
Stock breakdown by region
North America26.77%
Europe22.59%
Oceania21.94%
Asia19.32%
Latin America4.37%
Africa2.91%
Middle East2.11%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
PICK invests in stocks. The fund's major sectors are Non-Energy Minerals, with 90.43% stocks, and Distribution Services, with 4.96% of the basket. The assets are mostly located in the North America region.
PICK top holdings are BHP Group Ltd and Rio Tinto plc, occupying 13.02% and 6.69% of the portfolio correspondingly.
PICK last dividends amounted to 0.63 USD. Six months before that, the issuer paid 0.51 USD in dividends, which shows a 20.28% increase.
PICK assets under management is 748.75 M USD. It's risen 2.54% over the last month.
PICK fund flows account for −398.39 M USD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
Yes, PICK pays dividends to its holders with the dividend yield of 3.01%. The last dividend (Dec 20, 2024) amounted to 0.63 USD. The dividends are paid semi-annually.
PICK shares are issued by BlackRock, Inc. under the brand iShares. The ETF was launched on Jan 31, 2012, and its management style is Passive.
PICK expense ratio is 0.39% meaning you'd have to pay 0.39% of your investment to help manage the fund.
PICK follows the MSCI ACWI Select Metals & Mining Producers ex Gold & Silver IMI. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
PICK invests in stocks.
PICK price has risen by 1.16% over the last month, and its yearly performance shows a −8.26% decrease. See more dynamics on PICK price chart.
NAV returns, another gauge of an ETF dynamics, showed a 3.54% increase in three-month performance and has decreased by −8.04% in a year.
NAV returns, another gauge of an ETF dynamics, showed a 3.54% increase in three-month performance and has decreased by −8.04% in a year.
PICK trades at a premium (0.08%) meaning the ETF is trading at a higher price than the calculated NAV.