Key Highlights

  • The fund tracks an index of U.S. transportation equities spanning rail, air, trucking and parcel delivery.
  • Union Pacific is the largest holding at about 18 percent of market value, followed by Uber at roughly 14 percent.
  • The annual expense ratio stands at 0.37 percent, and the fund distributes income quarterly.
  • Net Assets were about $2.2 billion, with 44 holdings in the portfolio.

The iShares U.S. Transportation ETF (CBOE:IYT) closed at $84.49 on November 11, 2026, with net assets of about $2.2 billion. The fund seeks to track an index composed of U.S. equities in the transportation sector, giving investors one holding that spans railroads, airlines, trucking companies and package delivery firms. Its structure and holdings offer a concentrated look at how the movement of goods and people is organized across the American economy.

Ticker and exchange

IYT, Cboe BZX

Benchmark index

S&P Transportation Select Industry FMC Capped Index

Net asset value

$84.46 (Nov 11, 2026)

Daily NAV change

Up $0.66 (0.78%)

Net assets

$2,204,535,774

Number of holdings

44

Expense ratio

0.37%

30-day SEC yield

0.85%

Distribution frequency

Quarterly

Fund inception

October 6, 2003

What the Index Covers

The index behind IYT is designed to represent U.S. companies that generate Revenue from transportation activities. Railroads, air carriers, trucking operators and logistics providers form the core of the portfolio, which means the fund responds to shifts in freight volumes, passenger travel and fuel costs in ways that differ from broader market indexes.

Because the fund holds 44 companies, the investor gains exposure to several segments of the transportation chain at once. A downturn in one area, such as air travel demand, does not necessarily affect the rail or parcel delivery companies in the same way.

Holdings and Concentration

Union Pacific accounts for about 18.06 percent of market value, while Uber Technologies makes up roughly 14.47 percent. CSX follows at 9.57 percent, with Delta Air Lines at 5.12 percent and United Airlines Holdings at 4.92 percent. United Parcel Service and FedEx also appear among the ten largest positions.

The top holdings represent a large share of the portfolio. The ten largest positions shown in the fund documentation account for most of the net assets, so movements in a handful of companies can influence the fund more than the remaining holdings do. Uber is classified within industrials under the index methodology, a detail that shapes how the fund is grouped.

Trading Activity and Distributions

On November 11, 2026, about 378,413 shares changed hands, compared with a 30-day average daily Volume of roughly 908,000 shares. The 30-day median bid-ask spread was 0.04 percent, a figure that reflects how tightly the shares typically trade relative to their underlying value.

The fund pays distributions quarterly. The most recent payment in September 2026 totaled $0.186236 per share, all of it classified as income. The 30-day SEC Yield was 0.85 percent, and the 12-month trailing yield was 0.93 percent, both calculated as of October 31, 2026.

Final Word

IYT offers a transportation-focused slice of the U.S. Equity market, built around rail, air, trucking and delivery companies. Its 0.37 percent expense ratio, quarterly distributions and concentrated top holdings define the fund's profile. Investors reviewing the fund will find that its results depend heavily on how a limited group of transportation companies performs, along with broader trends in freight and travel demand.