Looking for broad exposure to the Financials - Brokers/ Capital markets segment of the equity market? You should consider the iShares U.S. Broker-Dealers & Securities Exchanges ETF (IAI), a passively managed exchange traded fund launched on 05/01/2006.While an excellent vehicle for long term investors, passively managed ETFs are a popular choice among institutional and retail investors due to their low costs, transparency, flexibility, and tax efficiency.Investor-friendly, sector ETFs provide many options to gain low risk and diversified exposure to a broad group of companies in particular sectors. Financials - Brokers/ Capital markets is one of the 16 broad Zacks sectors within the Zacks Industry classification. It is currently ranked 15, placing it in bottom 6%.Index DetailsThe fund is sponsored by Blackrock. It has amassed assets over $235.21 M, making it one of the average sized ETFs attempting to match the performance of the Financials - Brokers/ Capital markets segment of the equity market. IAI seeks to match the performance of the Dow Jones U.S. Select Investment Services Index before fees and expenses.The Dow Jones U.S. Select Investment Services Index measures the performance of the investment services sector of the U.S. equity market.CostsInvestors should also pay attention to an ETF's expense ratio. Lower cost products will produce better results than those with a higher cost, assuming all other metrics remain the same.Annual operating expenses for this ETF are 0.43%, making it on par with most peer products in the space.It has a 12-month trailing dividend yield of 1.68%.Sector Exposure and Top HoldingsETFs offer a diversified exposure and thus minimize single stock risk but it is still important to delve into a fund's holdings before investing. Most ETFs are very transparent products and many disclose their holdings on a daily basis.This ETF has heaviest allocation in the Financials sector--about 100% of the portfolio.Looking at individual holdings, Cme Group Inc Class A (CME) accounts for about 17.91% of total assets, followed by Goldman Sachs Group Inc (GS) and Morgan Stanley (MS).The top 10 holdings account for about 76.80% of total assets under management.Performance and RiskThe ETF has added roughly 16.03% and was up about 0.80% so far this year and in the past one year (as of 07/11/2019), respectively. IAI has traded between $52.67 and $67.19 during this last 52-week period.The ETF has a beta of 1.03 and standard deviation of 16.46% for the trailing three-year period, making it a high risk choice in the space. With about 28 holdings, it has more concentrated exposure than peers.AlternativesIShares U.S. Broker-Dealers & Securities Exchanges ETF carries a Zacks ETF Rank of 3 (Hold), which is based on expected asset class return, expense ratio, and momentum, among other factors. Thus, IAI is a good option for those seeking exposure to the Financials ETFs area of the market. Investors might also want to consider some other ETF options in the space.SPDR S&P Capital Markets ETF (KCE) tracks S&P Capital Markets Select Industry Index. The fund has $39.41 M in assets. KCE has an expense ratio of 0.35%.Bottom LineTo learn more about this product and other ETFs, screen for products that match your investment objectives and read articles on latest developments in the ETF investing universe, please visit Zacks ETF Center.Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report iShares U.S. Broker-Dealers & Securities Exchanges ETF (IAI): ETF Research Reports The Goldman Sachs Group, Inc. (GS): Free Stock Analysis Report Morgan Stanley (MS): Free Stock Analysis Report SPDR S&P Capital Markets ETF (KCE): ETF Research Reports CME Group Inc. (CME): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research