ITA ETF guide. Cost, sectors and top holdings in one place.
ITA tracks the Dow Jones U.S. Select Aerospace & Defense Index and holds U.S. aerospace and defense companies. See what it costs to hold each year, what it pays, what sits inside and how it has returned.
One ticker.
What ITA is, in plain words.
ITA tracks the Dow Jones U.S. Select Aerospace & Defense Index and holds U.S. aerospace and defense companies. The fund is managed by iShares, trades on Cboe BZX in U.S. dollars and launched on May 1, 2006. On Nov 9, 2026 it held $12.16B in net assets and its expense ratio was 0.37%. ITA is the largest fund built around U.S. aerospace and defense companies.
Investors search for ITA ETF because they want a clear answer to four practical questions. What does it cost to hold each year, what does it pay, what is actually inside, and how does it fit in a Roth IRA, a traditional IRA or 401(k), or a taxable account. This guide answers each one with dated figures from the issuer, and marks anything the issuer page does not publish as Not captured.
Key takeaways
- What it is. ITA tracks the Dow Jones U.S. Select Aerospace & Defense Index and holds U.S. aerospace and defense companies.
- Cost. Expense ratio 0.37%, about $37 a year on $10,000.
- Income. Trailing yield 0.46%, paid quarterly.
- Risk. Calendar year returns ran from +9.9% to +48.7%.
It suits you if
- You want focused exposure to one industry or theme.
- You already hold a broad market fund and want to add a tilt.
- You can accept larger swings than the broad market.
Look elsewhere if
- You want the whole market in one fund.
- You want steady income from dividends.
- You cannot accept a large drop in a single industry.
What ITA holds.
The 10 largest stock positions inside ITA, as of Nov 9, 2026. Pick a number to see how much of the fund they make up.
The ten largest holdings and the group split are shown below from the issuer page. A theme fund puts much more weight on a few industries than a broad market fund does, so a handful of names can move the whole fund.
ITA yield and distributions.
ITA pays distributions in Mar, Jun, Sep, Dec, which makes it a quarterly payer. The issuer page showed a SEC yield of 0.46% dated Sep 30, 2026. The most recent payment in the log was $0.0835 per share with an ex-date of Sep 15, 2026.
A yield is a snapshot, not a promise. The payment moves each period with the dividends and interest the fund receives, and some years include capital gains or return of capital that do not repeat. Read the year by year table below before building a plan around a single quarter. If you reinvest distributions, the payment still counts as income for tax purposes in a taxable account.
Recent distributions per share
Total distribution per share is shown on each bar. A tinted bar includes a reinvested year end amount.
Income estimate at the current yield
Uses the 0.46% yield dated Sep 30, 2026. Actual payments move each period.
Every payment, and the year by year record.
The ex-date is the cut-off, so you must hold shares before it to receive that payment. Amounts are per share in U.S. dollars from the issuer page.
Payment log
| Ex-date | Payable | Cash | Total |
|---|---|---|---|
| Sep 15, 2026 | Sep 18, 2026 | $0.08351 | $0.08351 |
| Jun 15, 2026 | Jun 18, 2026 | $0.05453 | $0.05453 |
| Mar 17, 2026 | Mar 20, 2026 | $0.05044 | $0.05044 |
| Sep 16, 2025 | Sep 19, 2025 | $0.24997 | $0.24997 |
| Jun 16, 2025 | Jun 20, 2025 | $0.05734 | $0.05734 |
| Mar 18, 2025 | Mar 21, 2025 | $0.08442 | $0.08442 |
| Dec 17, 2024 | Dec 20, 2024 | $0.14561 | $0.14561 |
| Sep 25, 2024 | Sep 30, 2024 | $0.07577 | $0.07577 |
| Jun 11, 2024 | Jun 17, 2024 | $0.09963 | $0.09963 |
The issuer reports the tax character of each payout after year end. Use the Form 1099-DIV from your broker for your own return.
What ITA costs to hold each year.
The expense ratio of 0.37% means the fund keeps about $37 a year for every $10,000 you hold. That cost is taken out of the fund price in small daily amounts, so you never see a bill, but it lowers your return every year. Over ten years on a flat $10,000 the expense ratio adds up to roughly $370, before any growth.
Two other costs sit outside the expense ratio. Trading commissions depend on your brokerage, and most large U.S. brokerages now charge nothing to buy ETFs. The bid and ask spread is a small cost you pay each time you trade, and for the largest funds it is usually tiny.
Expense ratio cost at common amounts
| Amount held | Per month | Per year | Over 10 years, flat | Hypothetical 2.00% fund, per year |
|---|---|---|---|---|
| $1,000 | $0.31 | $3.70 | $37 | $20 |
| $5,000 | $1.54 | $18.50 | $185 | $100 |
| $10,000 | $3.08 | $37.00 | $370 | $200 |
| $25,000 | $7.71 | $92.50 | $925 | $500 |
| $50,000 | $15.42 | $185.00 | $1,850 | $1,000 |
| $100,000 | $30.83 | $370.00 | $3,700 | $2,000 |
| $250,000 | $77.08 | $925.00 | $9,250 | $5,000 |
Flat estimates at the current expense ratio with no growth and no change in fee. Trading commissions depend on your brokerage and are not included. The 2.00% fund is a hypothetical used for scale.
Where the cost shows up
- Not as a bill. The share price and returns are already lower by the expense ratio.
- Trading cost shows up as the bid and ask spread each time you buy or sell, and as a commission if your broker charges one.
- In a taxable account, dividends are reported on Form 1099-DIV and taxed in the year they are paid.
Expense ratio cost calculator
Flat estimate at an expense ratio of 0.37% with no growth and no change in fee. It shows scale only, not a forecast.
How ITA has returned.
Calendar year returns from the issuer ran from +9.95% in 2022 to +48.66% in 2025. Those figures are NAV total returns, which include fees and assume distributions are reinvested. A single weak year is normal for any stock heavy fund, and the point of the record is to show the range rather than to predict the next year.
Returns over longer periods hide the path. A fund can end a decade well ahead and still have lost a fifth of its value along the way. Check your own tolerance for a decline before you choose the weight, and remember that past performance does not guarantee future results.
Annualised NAV returns from the issuer, as of Sep 30, 2026. They include fees.
Past performance does not guarantee future results. Gaps are shown as Not captured because the issuer page did not publish that period.
Calendar year returns
NAV total return including reinvested distributions.
What $10,000 became, 2022 to 2025
Linking the calendar year returns above, with distributions reinvested.
An illustration of past figures, not a forecast. It ignores taxes and trading costs.
Growth of $10,000, year by year
ITA fund facts in one place.
Every figure comes from the issuer for the date shown. A line reads Not captured when it is not published on the pages we use.
Where the companies are.
Sector exposure
What the ride can look like.
ITA can lose value, and the calendar year record shows the range so far.
- Market risk. The fund falls when stock markets fall.
- Industry concentration. The fund depends on one industry or theme, so a setback there hits the whole fund.
- Concentrated holdings. A few large companies carry a high share of the weight.
- Valuation risk. When prices rise faster than company earnings, later returns can be lower or negative.
- Distribution risk. Payments are small, change each period and are not guaranteed.
How investors use ITA.
ITA is most often used as a satellite holding, a smaller piece added on top of a broad market core. An investor who owns it is choosing to tilt the portfolio toward one industry, which is a bet on that theme rather than on the market as a whole.
Because a theme can lead or lag the market for years, many investors cap it at a small share of the portfolio and rebalance. That choice is worth checking against your own situation.
Before buying ITA, check four things on the issuer page. First, confirm the expense ratio matches the figure on this page, since fees can change when an issuer cuts costs. Second, confirm the fund is eligible for the account you plan to use. Third, read the latest tax breakdown if you hold it in a taxable account. Fourth, look at the bid and ask spread on the day you trade, since a wide spread is a cost that the expense ratio does not show.
Several comparable funds exist, with expense ratios of HACK at 0.60%, CIBR at 0.58%, BUG at 0.50%, XAR at 0.35%, so weigh cost together with what each fund holds, how it pays and the account you use.
No single fund is right for everyone, and this guide describes the product rather than recommending it. The figures come from the issuer and are dated. Distribution amounts, yields and holdings change, and past returns do not predict future returns. For a decision with large amounts of money, read the prospectus and the shareholder reports, and consider speaking with a licensed adviser about your own situation.
ITA against similar funds.
The same fund type from other issuers. Open a comparison for holdings overlap and returns.
| Fund | Issuer | Expense ratio | Net assets | Trailing yield |
|---|---|---|---|---|
| ITA (this fund) | iShares | 0.37% | $12.16B | 0.46% |
| HACK | Amplify | 0.60% | $3.31B | 0.05% |
| CIBR | First Trust | 0.58% | $16.36B | 0.05% |
| BUG | Global X | 0.50% | $2.07B | -0.25% SEC (Nov 10, 2026) |
| XAR | State Street | 0.35% | $5.26B | 0.18% |
| PPA | Invesco | 0.58% | $7.5B | 0.36% |
ITA is part of the Cybersecurity and Defense ETFs category on this site, grouped here with HACK, CIBR, BUG. Each comparison page lines up two funds on cost, holdings overlap, yield and returns, so you can see what separates them.
Where ITA fits.
Qualified withdrawals from a Roth IRA are tax free, so dividends and gains compound without a yearly tax bill and the expense ratio is the main drag you carry. ITA is an ordinary exchange traded fund, so most brokerages let you hold it in a Roth IRA.
Tax is deferred until you withdraw, and withdrawals are taxed as ordinary income. A 401(k) offers only the funds on its menu, so check whether ITA or a similar fund is in your plan.
Distributions are small for most theme funds. Dividends that meet the holding rules are taxed as qualified dividends at lower long term rates in a taxable account, the rest is taxed as ordinary income, and gains are taxed when you sell. Your broker reports the amounts on Form 1099-DIV after year end, and those figures are what count on your return. ETFs also tend to pass out few capital gains because of how shares are created and redeemed.
General education, not tax advice. Rules change, so confirm with the issuer tax documents or an adviser.
Buying ITA in five steps.
- Pick the account. Roth IRA, traditional IRA, 401(k) or taxable. Most brokerages let IRAs hold ETFs like this one.
- Search the ticker. Type ITA in your brokerage and choose the U.S. listing, priced in U.S. dollars.
- Use a limit order. It sets the most you will pay and avoids surprises at the open.
- Check the cost. Most large U.S. brokerages charge no commission on ETFs, and some charge a small fee per trade.
- Set a routine. Add money on a schedule and decide whether to reinvest distributions.
Terms used on this page.
Where to go next from ITA.
Every ITA link in one place. Start with the category, then the head to head comparisons, then the guides for other funds and the tools.
CategoryCybersecurity and Defense ETFsEvery fund in this category, with a comparison page for every pair.Open the category →ITA comparison pages 5
Guides for similar funds
More U.S. fund guides
Calculators for ITA investors
Other ETF categories
Guides and research
Common questions about ITA.
What is ITA?
ITA tracks the Dow Jones U.S. Select Aerospace & Defense Index and holds U.S. aerospace and defense companies. It is managed by iShares, trades on Cboe BZX in U.S. dollars and launched on May 1, 2006.
What is the expense ratio of ITA?
The expense ratio of ITA on the issuer page is 0.37%, or about $37 a year per $10,000 invested.
What is the ITA dividend yield?
The issuer page showed a SEC yield of 0.46% on Sep 30, 2026 for ITA. Yields change, so check the issuer page for the current figure.
How often does ITA pay a dividend?
ITA pays distributions in Mar, Jun, Sep, Dec. The latest payment in the log was $0.0835 per share.
What does ITA hold?
ITA holds 50 positions. Its largest positions are GE Aerospace, RTX, Boeing.
Can I hold ITA in a Roth IRA or 401(k)?
Yes for IRAs. ITA is an ordinary exchange traded fund, so most brokerages let you hold it in a Roth IRA or a traditional IRA. Whether it is available in a 401(k) depends on the funds your plan offers.
How has ITA performed?
Calendar year NAV returns ran from +9.95% in 2022 to +48.66% in 2025. Returns include fees. Past performance does not guarantee future results.
ITA or BUG, what is the difference?
The two funds do a similar job and differ in cost, issuer and holdings. ITA has an expense ratio of 0.37% and BUG has an expense ratio of 0.50%. Open the BUG vs ITA comparison for holdings overlap, yield and returns side by side.
How is ITA taxed in a taxable account?
Dividends are reported on Form 1099-DIV. Qualified dividends are taxed at long term rates and the rest as ordinary income. The split changes by year, so use the figures your broker reports.
Source, iShares fund page. All figures are dated as shown. This guide is for education and is not personal advice or an offer to sell.