The iShares MSCI Global Metals & Mining Producers ETF (PICK) is an exchange-traded fund designed to track the performance of global companies engaged in metals production and mining activities. The ETF is managed by BlackRock and trades under the ticker PICK on the Nasdaq.

Classified as a sector equity ETF, the fund invests in companies involved in the extraction, processing, and production of metals and minerals used across a wide range of industries. Its portfolio includes producers of iron ore, copper, aluminum, nickel, zinc, metallurgical coal, and other industrial metals.

The ETF follows a passive management strategy and seeks to replicate the performance of the MSCI ACWI Select Metals & Mining Producers Ex Gold & Silver Investable Market Index, which includes metals and mining companies from developed and emerging markets while excluding companies primarily engaged in gold and silver mining.

Diversification and sector exposure

PICK provides exposure primarily associated with:

• Global mining companies.

• Industrial metals producers.

• Iron ore.

• Copper.

• Aluminum.

• Nickel.

• Basic materials.

• Developed and emerging markets.

The portfolio includes companies from multiple countries engaged in producing raw materials essential to industries such as construction, infrastructure, energy, transportation, and manufacturing.

The ETF's performance generally reflects global demand for industrial metals, tracking both economic cycles and movements in commodity prices.

Structure and costs

PICK shares trade on the secondary market on the Nasdaq during regular trading hours. Share creation and redemption occur through authorized participants, helping keep the ETF's market price aligned with its net asset value (NAV).

The fund charges a management fee as outlined in its prospectus and does not apply a performance fee. Dividends received from portfolio holdings may be distributed periodically to shareholders according to the fund's distribution policy.

History and evolution of the ETF

The iShares MSCI Global Metals & Mining Producers ETF was launched in 2012 to provide investors with exposure to global metals producers and mining companies through a single exchange-traded investment.

Since inception, the fund has tracked an index composed of companies operating in the metals and mining industry, reflecting multiple commodity and global economic cycles.

Over time, the ETF has been influenced by worldwide demand for industrial minerals, infrastructure investment, the energy transition, growth in electric vehicle production, and evolving international economic conditions.

Additional Information

iShares MSCI Global Metals & Mining Producers ETF (United States) is an exchange-traded fund (ETF), with assets under management totaling $2.46 billion.

Over the past 12 months, iShares MSCI Global Metals & Mining Producers ETF recorded a return of 48.79%, with its price trading between $42.56 and $68.93 during the same period.

The ETF is traded under the ticker PICK.