Key Highlights

  • The fund holds 143 U.S. financial companies, with Berkshire Hathaway and JPMorgan Chase accounting for a large share.
  • Berkshire Hathaway represents about 12.8% of market value.
  • Net asset value is $134.34, with a one-day gain of $2.38, or 1.80%.
  • The expense ratio is 0.37%, and distributions are paid quarterly.

Financial companies sit at the center of the U.S. economy, and the iShares U.S. Financials ETF (NYSEARCA:IYF) gives investors one holding across banks, insurers, asset managers and payment companies. Figures in this article are current to November 9, 2026. The fund seeks to track a capped index of U.S. equities in the financials sector, offering diversified access to large institutions rather than individual firms. Shares trade on NYSE Arca, and the fund has been listed since May 2000.

Fund Fact

Detail

Exchange and ticker

NYSE Arca: IYF

Fund inception

May 22, 2000

Net assets

$3.92 billion

Net asset value

$134.34

Daily NAV change

+$2.38 (+1.80%)

Expense ratio

0.37%

30-day SEC yield

1.40%

Distribution frequency

Quarterly

Number of holdings

143

Concentration in the Largest Names

The portfolio is shaped by a small number of large institutions. Berkshire Hathaway holds about 12.8% of Market Value and JPMorgan Chase about 10.9%. Wells Fargo, Bank of America and Goldman Sachs follow, each with weights between roughly 3.5% and 3.7%.

Because the two largest positions account for close to a quarter of the fund, movements in those companies can have an outsized effect on the portfolio’s daily results. The capped index limits the weight of any single company, but the largest banks still carry considerable influence.

Price Movement and Trading Profile

The net asset value rose $2.38 in the latest session, a gain of 1.80%. Shares outstanding total 29.2 million, and the 30-day average Volume is about 277,000 shares. The median bid-ask spread of 0.03% reflects narrow trading costs.

The premium or discount to NAV was -0.02 in recent figures, so shares traded very close to the value of underlying holdings. Investors may still watch spreads when placing orders during volatile sessions.

Costs, Income and Risks

The expense ratio is 0.37%, consisting of a management fee of the same amount. Distributions are paid quarterly, and the 30-day SEC Yield of 1.40% reflects a moderate income profile.

Financial stocks are sensitive to Interest Rate movements, Credit conditions and regulatory changes. Concentration in banks and insurers means the fund can react sharply to shifts in lending conditions or Capital rules.

Final Word

The iShares U.S. Financials ETF provides a sector-wide route into American banking, insurance and payments, with a portfolio that leans on a handful of large institutions. Its quarterly income, moderate fee and narrow trading spread shape its practical profile. Whether it suits an investor depends on the role financials play within a broader plan.