iShares U.S. Regional Banks ETF
IAT
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ROIC.AI
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- iShares U.S. Regional Banks ETF (IAT), managed by BlackRock, seeks to track the investment results of the Dow Jones U.S. Select Regional Banks Index, which measures the performance of the regional banks sub-sector in the U.S. equity market by selecting small- and mid-cap regional bank equities, excluding mega-cap institutions such as JPMorgan Chase and Wells Fargo; the fund generally invests at least 80% of its assets in index components and up to 20% in certain futures, options, and swap contracts, as well as cash and cash equivalents. Top holdings as of late 2024 include U.S. Bancorp (USB), PNC Financial Services Group (PNC), Truist Financial (TFC), M&T Bank (MTB), Huntington Bancshares (HBAN), Fifth Third Bancorp (FITB), Citizens Financial Group (CFG), and Regions Financial (RF), representing diversified exposure across approximately 35 regional banking stocks with a portfolio turnover rate of 15% and total net assets exceeding $669 million USD. The ETF, launched on May 1, 2006, lists on NYSE Arca and is domiciled in the United States with BlackRock Fund Advisors serving as investment adviser. In recent portfolio management developments, Peter Sietsema, Matt Waldron, and Steven White joined lead portfolio manager Jennifer Hsui as of April 1, 2025, reflecting a team expansion to enhance oversight of the fund's passive tracking strategy. The fund maintains an expense ratio of 0.38%, with no acquired fund fees or other expenses, and continues to focus exclusively on U.S. equities in the financials sector without pursuing sustainable, impact, or ESG strategies. Operations remain centered in the United States, targeting investors seeking concentrated exposure to regional banks amid evolving market dynamics in the banking industry.