iShares Evolved U.S. Consumer Staples ETF (IECS) is an exchange-traded fund that seeks to track the performance of an index composed of U.S. equities identified through a proprietary classification system focused on the consumer staples sector; it invests at least 80% of its net assets in such U.S.-listed common stocks across growth and value styles with diversified market capitalizations; the fund employs quantitative analysis and proprietary research for portfolio construction, with top holdings including The Coca-Cola Company (KO), PepsiCo Inc. (PEP), The Procter & Gamble Company (PG), Philip Morris International Inc. (PM), and Mondelez International Inc. (MDLZ). Launched on March 21, 2018 by BlackRock, Inc. and managed by BlackRock Fund Advisors, the ETF is part of iShares U.S. ETF Trust and is domiciled in the United States with headquarters aligned to BlackRock's operations in Wilmington, Delaware. As of late 2024, the fund reported approximately $16.9 million in portfolio value from 128 holdings, primarily in consumer non-durables (74.85%), with geographic concentration in North America (99.99%, mainly U.S. at 88.46%). In a significant operational change, iShares Evolved U.S. Consumer Staples ETF ceased operations and went out of business as of August 25, 2022, following BlackRock's ongoing reviews of low-AUM "Evolved" strategy funds, with no recent partnerships, funding, acquisitions, or new product launches reported prior to closure.