IHI
iShares U.S. Medical Devices ETF
📎 Investment Objective
The iShares U.S. Medical Devices ETF (IHI) seeks to track the investment results of an index composed of U.S. equities in the medical devices sector.
Overview
ETF tracking iShares U.S. Medical Devices ETF
Performance
Price Chart
Investment Summary
📎 Investment Objective
The iShares U.S. Medical Devices ETF (IHI) seeks to track the investment results of an index composed of U.S. equities in the medical devices sector.
🎯 Investment Strategy
The ETF employs a passively managed, index-based approach, attempting to replicate the performance of the Dow Jones U.S. Select Medical Equipment Index. It invests in a representative sample of the index's component securities to seek to achieve its investment objective.
✨ Key Features
- Provides exposure to a diversified portfolio of U.S. medical device companies
- Tracks an index focused on the medical equipment and supplies industry
- Low expense ratio of 0.00%
- Suitable for investors seeking targeted exposure to the healthcare sector
⚠️ Primary Risks
- Concentration risk as the fund is focused on a single industry sector
- Potential volatility due to the cyclical nature of the medical devices industry
- Risks associated with the underlying companies, such as regulatory changes, technological advancements, and competitive pressures
- Tracking error risk as the fund may not perfectly replicate the performance of the underlying index
👤 Best For
This ETF may be suitable for investors seeking long-term exposure to the U.S. medical devices industry as part of a diversified healthcare or broader investment portfolio. It may be of particular interest to investors with a higher risk tolerance who are looking to gain targeted exposure to the medical equipment sector.
Top Holdings
| Rank | Ticker | Name | Weight | Sector |
|---|---|---|---|---|
| 1 | ABT | ABBOTT LABORATORIES | 17.78% | Health Care |
| 2 | ISRG | INTUITIVE SURGICAL INC | 16.02% | Health Care |
| 3 | BSX | BOSTON SCIENTIFIC CORP | 12.29% | Health Care |
| 4 | EW | EDWARDS LIFESCIENCES CORP | 4.79% | Health Care |
| 5 | IDXX | IDEXX LABORATORIES INC | 4.78% | Health Care |
| 6 | MDT | MEDTRONIC PLC | 4.53% | Health Care |
| 7 | BDX | BECTON DICKINSON | 4.46% | Health Care |
| 8 | SYK | STRYKER CORP | 4.24% | Health Care |
| 9 | RMD | RESMED INC | 4.05% | Health Care |
| 10 | GEHC | GE HEALTHCARE TECHNOLOGIES INC | 3.89% | Health Care |
| 11 | STE | STERIS | 2.96% | Health Care |
| 12 | DXCM | DEXCOM INC | 2.70% | Health Care |
| 13 | PODD | INSULET CORP | 2.70% | Health Care |
| 14 | ZBH | ZIMMER BIOMET HOLDINGS INC | 2.07% | Health Care |
| 15 | HOLX | HOLOGIC INC | 1.90% | Health Care |