Key Highlights

  • The fund follows an index of U.S. financial services companies, including banks, asset managers and exchanges.
  • Berkshire Hathaway, JPMorgan Chase and Visa are the largest holdings by market value.
  • The fund holds 97 companies, with an expense ratio of 0.37 percent.
  • Net Assets were about $2.3 billion as of November 11, 2026.

The iShares U.S. Financial Services ETF (NYSEARCA:IYG) closed at $97.69 on November 11, 2026, with net assets of about $2.3 billion. The fund seeks to track an index of U.S. equities in the financial services sector, offering access to Investment banks, asset managers, exchanges and payment companies within one portfolio. Its composition reflects how financial activity has become organized across both traditional lending and fee-based services.

Ticker and exchange

IYG, NYSE Arca

Benchmark index

Dow Jones U.S. Financial Services Index

Net asset value

$97.70 (Nov 11, 2026)

Daily NAV change

Up $0.59 (0.61%)

Net assets

$2,295,925,109

Number of holdings

97

Expense ratio

0.37%

30-day SEC yield

1.12%

Distribution frequency

Quarterly

Fund inception

June 12, 2000

Sector Scope

The index behind IYG draws from companies whose primary Business is financial services in the United States. The portfolio contains banks and investment firms, as well as payment networks and insurance-linked businesses that fall within the financial services classification. This breadth means the fund responds to Capital Markets activity, consumer spending and Interest Rate changes simultaneously.

With 97 holdings, the fund is more diversified than a single-industry banking fund. Even so, its largest positions carry considerable influence on its overall movement.

Largest Holdings

Berkshire Hathaway Class B is the largest position at about 14.82 percent of market value, followed by JPMorgan Chase at 12.40 percent. Visa accounts for roughly 9.83 percent and Mastercard for 7.27 percent. Bank of America, Goldman Sachs and Wells Fargo each hold between 3.5 and 4.5 percent.

The leading positions combine large diversified holding companies with payment networks and major banks. Visa and Mastercard are included as financial services firms under the index classification, which gives the fund a link to card transaction volumes as well as to lending.

Trading and Distributions

Roughly 47,512 shares changed hands on November 11, 2026, compared with a 30-day average of about 151,252 shares. The 30-day median bid-ask spread was 0.03 percent. The fund pays distributions quarterly, and the September 2026 payment totaled $0.270291 per share.

The 30-day SEC Yield was 1.12 percent and the 12-month trailing yield was 1.09 percent, both calculated at the end of October 2026. Yields for this type of fund tend to vary with changes in dividends from its financial holdings.

Final Word

IYG gives investors a broad route into U.S. financial services, spanning banks, payment networks, exchanges and asset managers. The 0.37 percent expense ratio, quarterly distributions and 97-company portfolio set the main framework of the fund. Its results will depend on capital markets activity, lending conditions and the wider economic backdrop affecting financial firms.