Highlights

  • IYT targets the S&P Transportation Select Industry FMC Capped Index.
  • The portfolio reported 44 holdings as of 4 November 2026.
  • Net Assets were approximately USD 2.13 billion on 5 November 2026.
  • The expense ratio is 0.37%, with quarterly distributions listed.

iShares U.S. Transportation ETF (CBOE:IYT) seeks to track the S&P Transportation Select Industry FMC Capped Index. IYT closed at USD 85.02 on 4 November 2026. Its net asset value was USD 82.05 per share on 5 November 2026, when net assets stood at approximately USD 2.13 billion.

Investment mandate and portfolio scope

The fund targets U.S. transportation equities, including airlines, railroads and trucking companies. Its disclosed holdings also include passenger mobility and logistics businesses, giving the portfolio several channels of exposure to the movement of people and goods.

The benchmark sets the fund’s Investment universe and provides the framework for its exposure. An index approach leaves the portfolio dependent on the securities and weights selected by that methodology. It does not remove the economic risks of the underlying businesses.

Leading holdings and company concentration

Union Pacific represented 18.28% of the portfolio, Uber Technologies 14.23% and CSX 9.61%. Together, these three holdings accounted for 42.12% on 4 November 2026. Their combined weight makes company concentration an important part of the fund’s structure.

United Parcel Service accounted for 4.97%, Delta Air Lines for 4.89% and United Airlines for 4.66%. FedEx represented 4.60%, Norfolk Southern 4.59%, Old Dominion Freight Line 4.25% and Expeditors International 3.36%. The leading positions show that the transportation theme covers several operating models rather than one uniform source of revenue.

Costs distributions and exposure considerations

The expense ratio is 0.37%. This is a fund-level cost, and actual trading can also involve Transaction Costs and a difference between buying and selling prices. The listed distribution frequency is quarterly; the schedule does not establish a fixed payment amount.

The September distribution was USD 0.186236 per share. The ex-dividend and record dates were 15 September 2026, and the payable date was 18 September 2026.

Freight demand, passenger travel, fuel costs and labour expenses can affect transportation businesses. Railroads, airlines and delivery companies face different operating constraints, but several can respond to the same changes in economic activity. A sector portfolio remains exposed to these shared conditions even when it holds multiple companies.

Key Insights

IYT combines a defined benchmark mandate with a portfolio whose larger positions shape its economic exposure. Its 44 reported holdings on 4 November 2026 provide a useful starting point, alongside company weights, the investment mandate and the 0.37% expense ratio. The fund’s breadth should be assessed within its stated investment universe, since several holdings can remain exposed to common economic conditions.