Skip to content
etf.net

Launched · SEC filings

iShares Strategic Metals ETF

ISTMNasdaqC

$29.51−0.13 (−0.44%)

At close: Oct 13, 2026, 4:00 PM

C45/ 100

Rank 16 of 23 in Broad Commodity Futures

C45/100Rank 16 of 23inBroad Commodity Futures
Intraday session: down, 29 prints from 29.64 to 29.51. Range 29.39 to 30.29. Use the arrow keys to read each point.29.4029.8030.0030.2010 AM12 PM2 PM4 PM
Expense ratio
0.49%
Fund size
$27M
1Y total return
—
Yield · Last 12 months
14.18%
Holdings
81
Avg volume · 30D
0M sh
NAV per share
$29.65
52W range
low $26.11high $37.54
Launched
Filings
SEC EDGAR

The ETF.net ISTM Grade

Based on 5 of 6 pillars

C

Score 45 out of 100

Category
Broad Commodity Futures⁠
Rank
16 of 23
Six-pillar profile for ISTM. Scores out of 100: Cost 75, Risk 11, Mission not scored, Tradability 3, Holdings 80, Durability 36. Strongest: Holdings (80). Weakest: Tradability (3). Based on 5 of 6 pillars.

Score 45 of 100 falls in the C band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.

  • Cost

    The fund’s net expense ratio, ranked against its category.
    A75 out of 100
    Rank 6 of 23

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    Not scored

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    F11 out of 100
    Rank 22 of 23

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    F3 out of 100
    Rank 23 of 23

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    A80 out of 100
    Rank 4 of 15

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    D36 out of 100
    Rank 18 of 23

Our read on ISTM

ETF.net Research

CA commodity fund with no oil in it. ISTM tracks futures on copper, aluminum, silver, nickel, zinc and platinum: the metals that get wired into grids, data centers and factories.

Stated mandate

The Fund seeks to track a commodities futures index providing strategic exposure to metals used in structural themes including AI infrastructure, manufacturing, energy production and distribution, and national security.

Why people hold it

  1. 01Metals only, no energy or grains. Copper, aluminum, silver, nickel, zinc and platinum, reviewed annually by a committee that skips metals stuck in prolonged oversupply.ishares.com
  2. 02The index targets futures about 12 months out rather than front-month contracts, a slower roll schedule than near-dated commodity benchmarks run.ishares.com
  3. 03At 0.49% a year, the fee sits below the typical broad-basket commodity futures fund.

Worth knowing

  1. 01Small asset base, thin volume. Spreads can cost more than the fee does, and that bill arrives at the trade rather than in the expense ratio.
  2. 02Narrow by design: six metals, no energy or agriculture, so swings run sharper than a diversified basket. Broad rivals like BCI and CMDY also charge less.
  3. 03Launched in 2023, the fund reworked its index, name and mandate in 2026, so the earlier track record reflects a different strategy.blackrock.com

ISTM Holdings

As of Oct 12, 2026
Asset class
Other
Holdings
81
Top-10 weight
37%
Largest holding
Blk Csh Fnd Treasury Sl Agency14.1%

Sectors

  • Financials100.0%

Geography

  • United States81.77%
  • Canada6.82%
  • Sweden2.88%
  • Australia1.92%
  • United Kingdom1.92%
  • New Zealand1.85%
  • Norway0.95%
  • Singapore0.95%
  • Other countries (1)0.94%
The fund’s holdings, weight-ordered — page 1 of 6.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001—Blk Csh Fnd Treasury Sl Agency14.12%3,710,000$4M437
002—Cash Collateral USD Bzuft12.36%3,246,000$3M5
003—Crh America Finance Inc 144A1.97%520,000$518K3
004—Koch Companies Llc1.29%340,000$339K2
005—Dte Electric Co1.18%310,000$309K3
006—Procter & Gamble Company (The) 144A1.14%300,000$299K3
007—Glencove Funding Llc 144A1.14%300,000$299K2
008—Columbia Funding Company Llc 144A1.14%300,000$299K3
009—Omers Finance Trust 144A1.14%300,000$299K1
010—Shinhan Bank New York 144A1.10%290,000$289K2
011—Bunge Ltd Finance Corp 144A1.02%270,000$269K4
012—Wells Fargo Bank Na1.01%260,000$266K1
013—Asb Bank Limited 144A1.01%270,000$265K2
014—Lloyds Bank Corporate Markets PLC1.00%260,000$261K2
015—Toronto-Dominion Bank (New York Br0.99%260,000$261K3

Showing 1–15 of 81 holdings

ISTM Performance

Launched Sep 26, 2023

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

Not enough history yet.Not enough history yet.Not enough history yet.Not enough history yet.Not enough history yet.
ISTM$10,175
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$10,332
Jul 10, 2026 to Oct 12, 2026. ISTM $10,175. SPY $10,332. Use the arrow keys to read each point.$9,565$10,269$10,972Jul 2026Aug 2026Oct 2026

Jul 10, 2026 – Oct 12, 2026

Returns run to the Oct 12, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.

Trailing total return for ISTM. Periods over one year show the average yearly return.
PeriodISTM
Year to dateHistory unavailable—
1 month−3.2%
3 months+1.8%
1 yearHistory unavailable—
3 yearsHistory unavailableper year—
5 yearsFund is under 5 years oldper year—
10 yearsFund is under 10 years oldper year—

As of the close, with distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for ISTM
YearReturn barISTM
2026 YTD−3.8%

History from May 4, 2026

ISTM in the news

Filtered to ISTM · Broad Commodity Futures

ISTM Dividends

Adds up every distribution paid per share over the last 12 months, divided by the last completed close. Distributions are counted by ex-date. Data through Oct 12, 2026.
14.18%Last 12 months
Payout per share
$4.20Last 12 months
Last payment
$4.20 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Annual

Distribution history

2023–2026

One bar per payment. 3 payments from 2023 to 2026 YTD. Dec 20, 2023 $0.26; Dec 17, 2024 $6.34; Dec 16, 2025 $4.20. Use the arrow keys to read each point.2023202420252026YTD
Ex-datePay dateAmount per share
Dec 16, 2025Dec 19, 2025$4.20
Dec 17, 2024Dec 20, 2024$6.34
Dec 20, 2023Dec 27, 2023$0.26

ISTM Risk

How much the fund’s monthly returns vary, scaled to a year.
—
No data available
How it’s calculated: standard deviation

The sample standard deviation of monthly total returns, multiplied by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.

Return above 3-month US Treasury bills per unit of volatility.
—
No data available
How it’s calculated: Sharpe ratio

Subtract each month’s Treasury-bill return from the fund’s monthly total return.

Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.

The largest fall from a peak to the low that followed.
—
No data available
How it’s calculated: maximum drawdown

The largest percentage decline from an earlier peak, using total returns with reinvested distributions.

Uses up to five years through the last close, with at least 12 months required.

How strongly the fund’s returns move with its asset-class index.
0.48
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

ISTM Cost

Expense ratio0.49%
  • The middle half of Broad Commodity Futures funds
  • Median 0.70%

4 of the 22 Broad Commodity Futures funds charge less.

ISTM costs $49.00 a year on $10,000. The median Broad Commodity Futures fund costs $70.50.

Other funds in Broad Commodity Futures

See others