iShares Global Energy ETF (IXC) is an exchange-traded fund that seeks to track the performance of an index that includes energy sector companies from developed and emerging markets. The ETF is managed by BlackRock through its iShares platform and trades under the ticker IXC on NYSE Arca.

Classified as a global equity sector ETF, IXC aims to reflect, before fees and expenses, the performance of the securities included in its benchmark index. The fund follows a passive management strategy, structuring its portfolio to replicate the index’s composition and weighting methodology.

The S&P Global 1200 Energy 4.5/22.5/45 Capped Index includes energy companies within the S&P Global 1200 universe, covering exploration and production firms, integrated energy companies, refiners, energy services providers, and infrastructure operators.

Constituents are weighted by market capitalization, subject to concentration limits defined by the index methodology. The index undergoes periodic reviews and rebalancing, which are reflected in the ETF’s holdings.

Reference index or portfolio

The reference index tracked by the IXC ETF consists of global energy companies that meet specific eligibility criteria defined by the index provider. These companies operate across various stages of the energy value chain, including traditional and integrated energy activities. Asset selection follows objective and predefined rules.

Index constituents are weighted based on market-related criteria, subject to the index’s methodology and constraints. The index undergoes periodic reviews, which may include rebalancing and changes to its composition. The ETF reflects these updates to maintain alignment with its benchmark over time.

Diversification and sector exposure

The IXC ETF offers focused exposure to the energy sector while maintaining diversification across its segments. The portfolio includes, among others:

• Oil and gas exploration and production
• Fuel refining and distribution
• Integrated energy companies
• Energy-related services
• Energy infrastructure
• Conventional energy activities

This structure seeks to represent the global energy sector across different markets.

Structure and costs

IXC shares trade on the secondary market throughout the regular trading session. Creation and redemption occur through authorized participants, helping maintain alignment between the ETF’s market price and its net asset value.

The fund charges a management fee as outlined in its prospectus and does not apply a performance fee. IXC distributes dividends generated by its underlying holdings on a periodic basis.

History and evolution of the ETF

The iShares Global Energy ETF was launched in 2001 during a period of expansion in sector-focused exchange-traded funds.

In recent years, IXC reflected major developments in the energy market, including the demand contraction during the pandemic, the subsequent global economic recovery, the impact of the Russia-Ukraine conflict on oil prices, and ongoing discussions around energy transition. The fund’s performance tracked fluctuations in leading global energy companies throughout this period.

Additional Information

iShares Global Energy ETF (United States) is an exchange-traded fund (ETF), with assets under management totaling $2.98 billion.

Over the past 12 months, iShares Global Energy ETF recorded a return of 48.09%, with its price trading between $40.20 and $60.58 during the same period.

The ETF is traded under the ticker IXC.