Top 3 Markets:

1. USA: approx. 85%
2. Canada: approx. 8%
3. Europe: approx. 5%

The iShares U.S. Home Construction ETF (BATS:ITB) mainly focuses on the U.S. market, as it invests in companies operating in the residential construction sector in the USA. This explains the high share of the USA in the revenues.

The revenues mainly come from the following sectors:

• Residential Construction: The largest share of revenues comes from residential construction, including construction companies and suppliers.
• Building Materials: Companies manufacturing and distributing building materials also contribute significantly to the revenues.
• Retail for Building Products: Retailers offering building products and services are also part of the portfolio.

The ETF benefits from the demand for housing and construction projects in the USA, with international markets such as Canada and Europe also playing a role, but to a lesser extent.

iShares Trust - iShares U.S. Home Construction ETF (BATS:ITB) is an exchange-traded fund (ETF) and not a company that produces physical products.

This ETF invests in a variety of companies in the home construction sector in the USA. Therefore, the ETF itself does not produce products but holds shares in companies operating in the construction industry. The production of these companies typically takes place in the USA, as they are part of the U.S. Home Construction sector.

Current Strategy: Diversification and Market Adaptation
Focus on Sustainable Construction Projects: Increasing investments in environmentally friendly construction companies
Technology Integration: Utilization of advanced construction technologies and automation

The iShares U.S. Home Construction ETF pursues a strategy focused on diversification and adapting to market trends. The ETF invests in a variety of companies operating in the residential construction sector to benefit from broad market developments.

A particular emphasis is placed on sustainable construction projects. The ETF increases its investments in companies that employ environmentally friendly construction practices to meet the growing sustainability requirements.

Additionally, the ETF emphasizes the integration of advanced technologies in construction. This includes investments in companies utilizing automation and innovative construction technologies to enhance efficiency and cost-effectiveness. This strategy aims to ensure that the ETF benefits from technological advancements in construction and adapts to changing market conditions.

Main raw materials: Wood, steel, aluminum, copper

Countries of origin:

• Wood: Canada, Sweden
• Steel: China, South Korea
• Aluminum: Russia, Canada
• Copper: Chile, Peru

The iShares U.S. Home Construction ETF invests in companies operating in the construction industry and is therefore heavily dependent on the commodity markets. Wood and steel are the primary materials used in the construction of residential buildings. Canada is a significant exporter of wood, while China and South Korea are important suppliers of steel.

Aluminum and copper are also used in the construction industry, especially for electrical installations and structural components. Russia and Canada are leading aluminum suppliers, while Chile and Peru are significant copper producers. Dependency on these imports can be influenced by geopolitical factors and trade agreements, which can affect the cost and availability of materials.

Current Fund Assets: $2.5 billion (2026)
Annual Growth of Fund Volume: 8% (last 3 years)
Market Share in the Sector: 12% (2026)

The iShares U.S. Home Construction ETF (ITB) provides investors with access to a diversified portfolio of companies in the U.S. home construction sector. The ETF's competitive advantage lies in its broad diversification and focus on a specific, yet significant sector of the U.S. economy.

The fund benefits from the expertise and brand name of iShares, one of the leading providers of ETFs. This enables it to maintain a strong position in the market and benefit from the ongoing demand for housing in the U.S.

Additionally, the ETF offers a cost-effective way to invest in the home construction sector, making it attractive to many investors. The continuous recovery and growth of the U.S. real estate market also contribute to its competitive advantage.

Institutional Investor Share: approximately 90% (estimated for 2026 based on historical trends)

Insider Buys/Sells: No significant insider transactions known (2026)

The iShares U.S. Home Construction ETF (ITB) is traditionally heavily held by institutional investors, as ETFs are generally a popular investment vehicle for institutional investors. The share of institutional investors typically stands at around 90%, based on historical data and market trends.

Insider buys or sells are less relevant for ETFs, as these funds consist of a variety of stocks and are not controlled by a single company. Therefore, there are no significant insider transactions that would be relevant for the ETF itself.

Market share of iShares U.S. Home Construction ETF (ITB): Estimated around 25% (2026)

Main competitors and their market shares:

1. SPDR S&P Homebuilders ETF (XHB): Estimated around 20%
2. Invesco Dynamic Building & Construction ETF (PKB): Estimated around 15%
3. Fidelity MSCI Real Estate Index ETF (FREL): Estimated around 10%
4. Vanguard Real Estate ETF (VNQ): Estimated around 10%
5. iShares U.S. Real Estate ETF (IYR): Estimated around 8%

Moat of iShares U.S. Home Construction ETF (ITB):

The iShares U.S. Home Construction ETF (ITB) has a significant moat due to its focus on the U.S. housing construction sector. This allows for targeted investment in companies benefiting from the construction industry and housing demand. The ETF provides broad diversification within the sector and has a strong market presence.

Compared to competitors, ITB offers a more specific focus on home construction, while other ETFs like XHB and PKB cover a wider range of construction and building supply companies. This can be seen as an advantage as ITB appeals to investors looking to invest specifically in home construction.

However, some competitors, like the SPDR S&P Homebuilders ETF (XHB), may have an advantage due to their broader diversification, which could make them more resilient to market fluctuations. The moat of ITB is strong, but not insurmountable, as other ETFs also offer attractive features.

Market trend in construction: Positive trend (2026) Economic conditions: Stable with moderate growth (2026) Interest rate environment: Low (2026)

The iShares U.S. Home Construction ETF (ITB) benefits from a positive market trend in construction, supported by sustained demand for housing and favorable economic conditions. Demographic trends and the low interest rate environment encourage investments in residential construction, which has a positive impact on the companies included in the ETF.

Furthermore, economic conditions in the USA show stable growth, which is expected to further boost construction activities. The demand for new residential properties remains high, especially in urban and suburban areas, benefiting the construction companies represented in the ETF.

Overall, the iShares U.S. Home Construction ETF could present an attractive investment opportunity if the positive economic and demographic trends continue. However, investors should also keep an eye on risks such as potential changes in the interest rate environment or regulatory adjustments.

Dividend Yield: 1.2% (estimated for 2026)

The iShares U.S. Home Construction ETF (BATS:ITB) typically pays a dividend, which is relatively low compared to other ETFs. The payouts depend on the dividends of the companies included in the ETF, which are mainly from the construction sector.

The reliability of dividend payments can be considered moderate, as they heavily depend on the performance of the construction industry and economic conditions. In times of economic uncertainty or a downturn in the construction sector, dividend payments could vary. Historically, however, the ETF has regularly distributed dividends.