TEXN
iShares Texas Equity ETF
📎 Investment Objective
The iShares Texas Equity ETF (TEXN) seeks to provide investment results that correspond generally to the price and yield performance of the FTSE Texas Index, which is designed to measure the performance of publicly-traded companies headquartered in the state of Texas.
Overview
ETF tracking iShares Texas Equity ETF
Performance
Price Chart
Investment Summary
📎 Investment Objective
The iShares Texas Equity ETF (TEXN) seeks to provide investment results that correspond generally to the price and yield performance of the FTSE Texas Index, which is designed to measure the performance of publicly-traded companies headquartered in the state of Texas.
🎯 Investment Strategy
The ETF employs a representative sampling strategy to track the index, holding a subset of the securities in the underlying index that collectively approximates the full index in terms of key characteristics. The fund invests at least 80% of its assets in securities of the underlying index.
✨ Key Features
- Provides exposure to publicly-traded companies headquartered in the state of Texas
- Tracks the FTSE Texas Index, which includes a diverse range of sectors and industries
- Low expense ratio of 0.00%
- Relatively new fund with limited performance history
⚠️ Primary Risks
- Concentration risk as the fund is focused on a single state
- Potential for higher volatility compared to broader market indices
- Limited diversification outside of the Texas economy
- Lack of long-term performance history to evaluate the fund's track record
👤 Best For
The iShares Texas Equity ETF may be suitable for investors seeking targeted exposure to the Texas economy and who have a higher risk tolerance. It may be most appropriate as a small satellite position within a diversified portfolio, rather than as a core holding.