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About iShares Texas Equity ETF
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Inception date
Jun 23, 2025
Structure
Open-Ended Fund
Replication method
Physical
Dividend treatment
Distributes
Distribution tax treatment
Qualified dividends
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
BlackRock Fund Advisors
ISIN
US46438G3314
TEXN offers targeted exposure to companies headquartered in Texas. The fund adviser believes that companies headquartered in Texas enjoy certain economic, regulatory, taxation, workforce, and other benefits relative to firms headquartered in other states. Starting with the constituents of the Russell 3000, the index screens for companies with a float-adjusted market capitalization of $500 million or more and a three-month daily value traded of at least $3 million. Eligible firms that are headquartered in Texas are selected for index inclusion. The index may include companies of any market-cap and industry. Holdings are market cap-weighted, subject to capping constraints such that no individual security exceeds 10% weight and the aggregate weight of issuers with over 4.5% weight is capped at 45% weight of the portfolio. The index rebalances and reconstitutes quarterly.
Classification
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
Energy Minerals
Technology Services
Consumer Durables
Stocks99.74%
Energy Minerals23.73%
Technology Services14.49%
Consumer Durables12.82%
Industrial Services9.85%
Finance9.03%
Electronic Technology5.93%
Producer Manufacturing5.28%
Communications4.51%
Utilities4.34%
Distribution Services2.71%
Retail Trade1.63%
Health Services0.96%
Consumer Non-Durables0.96%
Non-Energy Minerals0.76%
Consumer Services0.71%
Transportation0.69%
Process Industries0.67%
Miscellaneous0.47%
Commercial Services0.10%
Health Technology0.09%
Bonds, Cash & Other0.26%
Mutual fund0.26%
Stock breakdown by region
North America99.72%
Europe0.28%
Latin America0.00%
Asia0.00%
Africa0.00%
Middle East0.00%
Oceania0.00%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
TEXN invests in stocks. The fund's major sectors are Energy Minerals, with 23.73% stocks, and Technology Services, with 14.49% of the basket. The assets are mostly located in the North America region.
TEXN top holdings are Tesla, Inc. and Oracle Corporation, occupying 11.79% and 10.48% of the portfolio correspondingly.
TEXN assets under management is 14.37 M USD. It's risen 5.18% over the last month.
TEXN fund flows account for 7.05 M USD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
Yes, TEXN pays dividends to its holders with the dividend yield of 1.53%. The last dividend (Sep 19, 2025) amounted to 0.11 USD. The dividends are paid quarterly.
TEXN shares are issued by BlackRock, Inc. under the brand iShares. The ETF was launched on Jun 23, 2025, and its management style is Passive.
TEXN expense ratio is 0.20% meaning you'd have to pay 0.20% of your investment to help manage the fund.
TEXN follows the Russell Texas Equity Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
TEXN invests in stocks.
TEXN trades at a premium (0.08%) meaning the ETF is trading at a higher price than the calculated NAV.