IEFN

iShares Evolved U.S. Financials ETF

The iShares Evolved U.S. Financials ETF is an actively managed, market-cap-weighted fund of large-, mid-, and small-cap US stocks in the financial sector, according to an alternative classification system defined by machine learning algorithms.


Active, Semi-Diverse

MANAGEMENT MATRIX

VFH

CLOSEST COMP

FACTOR SCORECARD

SIZE
VALUE
YIELD
MOMENTUM
VOLATILITY
QUALITY
Fund Basics
Fund sponsorBlackRock
CategoryUS Equities
Asset classEquity
Websitelink...
Inception dateMar 21, 2018
Assets (mns)$8
Expense ratio18 bp
CurrencyUSD
Sector Breakdown
Fund Structure
RegulationOpen-Ended Fund
DistributionsQuarterly
Taxation1099
Stock selectionMarket Cap
WeightingFundamental
Holdings TransparencyFull
Derivatives-basedNo
Options availableYes
Currency hedgedNo
Fund of fundsNo
Top 10 Holdings Complete list  + 
BANK OF AMERICA CORP 4.6 %
JPMORGAN CHASE & CO 4.5 %
BERKSHIRE HATHAWAY INC-CL B 3.6 %
MORGAN STANLEY 3.5 %
GOLDMAN SACHS GROUP INC 3.4 %
UNITEDHEALTH GROUP INC 3.0 %
CITIGROUP INC 2.6 %
AMERICAN EXPRESS CO 2.3 %
PROGRESSIVE CORP 2.3 %
US BANCORP 2.2 %
Constituent Breakdown
Number of holdings268
Herfindahl-Hirschman Index 156
Wgt avg mkt cap (mns)$118,877
Large cap (>$10bn)83.6%
Mid cap ($2-10bn)13.8%
Small cap (<$2bn)1.8%
Developed mkts.100.0%
Emerging mkts.0.0%
Country Exposure
UNITED STATES 96.5 %
BERMUDA 1.6 %
IRELAND 1.0 %
BRITAIN 0.6 %
Historical Performance


Standardized Annual Returns (as of 07/31/2022)
YTD1 YR2 YR3 YR5 YR10 YRIncep.
-10.2% -3.2% 22.5% 8.3% -- -- 7.2%
Market Correlations
versus...BetaR-squared
S&P 5001.1075%
MSCI EAFE1.1983%
MSCI Emg Mkts0.9861%
Liquidity Measures
Avg. volume (000)2
Turnover0.8%
Avg. Bid/Ask (% of price)0.13%
ADV of underlying (mns)$37,083
Technical Indicators
Recent close$31.00
30d moving avg.$29.14
Annualized volatility24.5%
Relative strength (RSI)70
Short interest (ETF)0.0%
Short interest (underlying)1.7%
Distributions
Assets Under Management (mns)

Money Flows (mns)

Short Interest (as % of shares outstanding)

Long Money Flows (mns)

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Risk and Returns: IEFN vs. Comps (1 YR)

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Results & Estimates
  2017 2018 2019 2020 2021 2022E 2023E  
Sales per share -- -- -- -- -- -- --
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Return on Equity
Net Margins
EPS Revision Activity (6 mo. ago = 100%)
Compound Annual Growth Rates

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Valuation Metrics
  2021 2022E Fwd Est 2023E
Price-to-sales --x --x --x --x
Price-to-earnings --x --x --x --x
Price-to-cash flow --x --x --x --x
Price-to-growth --x --x --x --x
Price-to-book value --x --x --x --x
Yield --% --% --x --%
2.1 11.8 1.3 2.4% --
Based on closing prices from 8/18/2022
Historical Valuation Trends Sample data. Subscribe for access.

SHOWING:
Price-to-Earnings
IEFN



Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.

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ETF Research Center Fund Rating

Our measure of an ETF's overall investment merit

ALTAR Score™

IEFN

8.6%

Cat. Avg

6.0%

Fund Category: US Equities

Avg. Return on Equity--%
Divided by: Fwd. P/BV--x
Less: Expenses-- bp
Equals: ALTAR Score™8.6%
Recommendation

SPECULATIVE

Deeply undervalued but risky. A rating of SPECULATIVE is assigned to ETFs with ALTAR Scores in the top quintile (the top 20%) of their category, indicating exceptional appreciation potential. However, often these are narrowly-focused funds or in industries with structural issues, which may also make them very risky. Nonetheless they may still be useful as part of a well-diversified portfolio.

Category Overview
There are 884 funds in the US Equities category, with an average ALTAR Score™ of 6.0% and a standard deviation of 3.0%. IEFN's ALTAR Score™ is approximately 0.9 standard deviations above the category average. This places IEFN in the 81st percentile among funds in the category.
Consensus Recommendation

Sell-side recommendations on the ETF's individual constituents

Composite
IEFN
Peer Average
SELL
U/W
HOLD
O/W
BUY



Recent Trends


Breakdown

 

Market Activity
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Volume
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Total Cost of Ownership (TCO) Comparison
Expense (bp)
(A)
Avg. Bid/Ask (bp)
(B)
TCO (bp)
(A)+(B)
IEFN 18.0 13.0 31
Peer Avg. -- -- --
  For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .
Fundamental data for individual fund constituents sourced from FactSet Research Systems.