IEFNiShares Evolved U.S. Financials ETF
IEFN Fund Description
IEFN is an actively-managed, market-cap-weighted fund of large-, mid-, and small-cap US stocks in the financial sector. The fund uses an alternative classification system defined by machine learning algorithms.
IEFN Factset Analytics Insight
IEFN is part of an iShares suite that uses text analysis, guided by machine learning techniques, to classify funds into sectors. The methodology identifies the words and phrases companies use to describe themselves in public documents, such as 10-Ks. The all-cap approach to selection provides more diversified exposure to financial stocks. While the sector suite as a whole is market-cap-weighted, companies can have their weight split between two or more funds. Those having more financials-related words appearing in their materials receive more weight in IEFN. The fund is reconstituted on a quarterly basis to provide more responsive shifts in allocation than other classification systems.
IEFN MSCI ESG Analytics Insight
iShares Evolved U.S. Financials ETF has an MSCI ESG Fund Rating of AA based on a score of 7.95 out of 10. The MSCI ESG Fund Rating measures the resiliency of portfolios to long-term risks and opportunities arising from environmental, social, and governance factors. ESG Fund Ratings range from best (AAA) to worst (CCC). Highly rated funds consist of companies that tend to show strong and/or improving management of financially relevant environmental, social and governance issues. These companies may be more resilient to disruptions arising from ESG events.
The fund’s Peer Rank reflects the ranking of a fund’s MSCI ESG Fund Quality Score against the scores of other funds within the same peer group, as defined by the Thomson Reuters Lipper Global Classification. iShares Evolved U.S. Financials ETF ranks in the 85th percentile within its peer group and in the 55th percentile within the global universe of all funds covered by MSCI ESG Fund Ratings.
IEFN MSCI FaCS and Factor Box
MSCI FaCS is a standard method for evaluating and reporting the Factor characteristics of equity portfolios including ETFs. The Factor Box includes 6 Factors that MSCI has identified that historically provided a return premium. On the vertical axis, the Factor Groups, are displayed and the horizontal axis displays the Factor exposure, overweight, underweight or neutral.
IEFN Summary Data
IEFN Portfolio Data
IEFN Index Data
IEFN Portfolio Management
IEFN Tax Exposures
IEFN Fund Structure
IEFN Factset Analytics Block Liquidity
This measurement shows how easy it is to trade a $1 million USD block of IEFN. IEFN is rated a 5 out of 5.
IEFN Sector/Industry Breakdown
IEFN Top 10 Holdings[View All]
IEFN Economic Development
IEFN Performance Statistics
IEFN MSCI ESG Ratings
IEFN Benchmark Comparison Summary
IEFN Benchmark Comparison Market Cap Size