---
ticker: "IAI"
name: "iShares U.S. Broker-Dealers & Securities Exchanges ETF"
url: "https://etf.net/etf/IAI"
grade: "C"
score: 48
graded_at: "2026-10-12"
category: "Financials (Broad)"
category_rank: "13 of 18"
methodology: "https://etf.net/methodology"
---

# IAI: iShares U.S. Broker-Dealers & Securities Exchanges ETF

Grade **C**, Score 48 of 100. Rank 13 of 18 in Financials (Broad).

Graded Oct 12, 2026.

## Grade pillars

| Pillar | Score | Category rank |
| --- | --- | --- |
| Cost | 53 | 7 of 18 |
| Mission | Not scored | — |
| Risk | 25 | 15 of 18 |
| Tradability | 77 | 3 of 18 |
| Holdings | 20 | 17 of 18 |
| Durability | 65 | 6 of 18 |

## Top holdings

The fund holds 39 positions. These are the largest 30, by weight.

| # | Ticker | Name | Weight |
| --- | --- | --- | --- |
| 1 | OPY | Oppenheimer Holdings Non Voting Class | 23.46% |
| 2 | BTGO | Bitgo Holdings Inc Class A | 20.80% |
| 3 | — | Etd USD Balance With R97871 | 16.58% |
| 4 | GS | Goldman Sachs Group | 6.13% |
| 5 | MS | Morgan Stanley | 5.33% |
| 6 | — | USD Cash | 4.70% |
| 7 | SCHW | Charles Schwab | 3.18% |
| 8 | CME | Cme Group Class A | 1.70% |
| 9 | ICE | Intercontinental Exchange Inc | 1.65% |
| 10 | MCO | Moodys Corp | 1.62% |
| 11 | SPGI | S&P Global | 1.62% |
| 12 | HOOD | Robinhood Markets Class A | 1.57% |
| 13 | NDAQ | Nasdaq Inc | 1.35% |
| 14 | MSCI | Msci | 1.35% |
| 15 | IBKR | Interactive Brokers Group Inc Clas | 1.30% |
| 16 | COIN | Coinbase Global Class A | 1.30% |
| 17 | CBOE | Cboe Global Markets | 1.03% |
| 18 | RJF | Raymond James | 0.90% |
| 19 | LPLA | Lpl Financial Holdings | 0.85% |
| 20 | TW | Tradeweb Markets Inc Class A | 0.40% |
| 21 | EVR | Evercore Class A | 0.34% |
| 22 | SF | Stifel Financial | 0.34% |
| 23 | FDS | Factset Research Systems | 0.32% |
| 24 | — | Cash Collateral USD Wffut | 0.29% |
| 25 | SNEX | Stonex Group Inc | 0.21% |
| 26 | JEF | Jefferies Financial Group Inc | 0.21% |
| 27 | HLI | Houlihan Lokey Class A | 0.21% |
| 28 | MKTX | Marketaxess Holdings | 0.19% |
| 29 | VIRT | Virtu Financial Inc Class A | 0.16% |
| 30 | BGC | Bgc Group Inc Class A | 0.13% |

Source: etf.net, https://etf.net/etf/IAI. Please cite the page URL.