iShares Evolved U.S. Financials ETF
IEFN
Chicago Board Options Exchange- -
USD
- -
- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
FRC
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- United States of America
- IPO Date
- Mar 21, 2018
- CIK
- 0001524513
- Similar Companies
- Business
- iShares Evolved U.S. Financials ETF (IEFN) is an exchange-traded fund that seeks to track the performance of an evolved index composed of U.S. equities exhibiting financial sector characteristics, determined through a proprietary machine learning methodology developed by BlackRock; the fund invests at least 80% of its assets in securities of the index, which includes companies across financials sub-sectors such as banking, insurance, asset management, and diversified financial services, with holdings spanning large-, mid-, small-, and micro-cap stocks primarily located in the United States. Launched on March 23, 2018, and issued by BlackRock Institutional Trust Company N.A., with management by BlackRock Fund Advisors, the ETF is headquartered in San Francisco, California, as part of the iShares family under BlackRock, Inc., and operates predominantly in North American markets with minor exposures to Bermuda, Ireland, the United Kingdom, and Puerto Rico. The fund provides investors exposure to approximately 259 holdings, with around 40% of assets in the top 10 positions, emphasizing diversified financial sector exposure beyond traditional market-cap weighting. In recent years, IEFN has maintained operational continuity amid BlackRock's broader ETF portfolio adjustments, including the closure of several evolved ETFs like IEME and IEHS in August 2022, though IEFN continues to trade actively without announced liquidation; BlackRock has pursued product expansions, such as rebranding 22 ETFs under the iShares banner in 2024 and achieving record ETF inflows exceeding $384 billion in 2025, reflecting strategic enhancements in equity offerings. The fund's methodology leverages advanced analytics to identify evolved financials profiles, adapting to sector dynamics, with no major acquisitions, funding rounds, or name changes reported in the last 1-2 years, while benefiting from BlackRock's ongoing innovations in factor-based and sector-specific ETFs. IEFN targets institutional and retail investors seeking concentrated yet diversified U.S. financials exposure, with distributions primarily as qualified dividends and an expense ratio aligned with sector peers.