IYF: ISHARES U.S. FINANCIALS ETF
Share-split context: A forward split was recorded on Dec 7, 2020 with coefficient 2. A forward split turns each old share into multiple new shares and lowers the quoted price per share proportionally. Proportional ownership is unchanged at the split moment, so the split itself creates neither a gain nor a loss. The price-return figures in this report are already split-adjusted.
ETF Education Report: ISHARES U.S. FINANCIALS ETF (IYF)
What this ETF is trying to do
The ISHARES U.S. FINANCIALS ETF (ticker: IYF) is an exchange-traded fund that focuses on the financial sector in the United States. It holds a variety of companies involved in banking, insurance, and other financial services. This report uses data as of October 7, 2026.
What the numbers show
When looking at an ETF, it is important to understand two different types of returns: price return and total return.
• Price Return: This measures only the change in the share price.
• Total Return: This includes both the share price change and any cash distributions (dividends) paid out.
For IYF, the numbers show:
• Year-to-Date (YTD): The price return is approximately -2.17%, while the total return is approximately -1.09%.
• One-Year: The price return was about 0.44%, and the total return was approximately 2.00%.
• Three-Year: The price return was about 69.99%, and the total return was approximately 77.64%.
This ETF has a history of "forward splits." In a forward split, each old share becomes multiple new shares. This makes the price per share look lower, but it does not change how much of the fund you own.
Top Holdings
The following are the top holdings in this ETF (note that this is a partial list):
• BERKSHIRE HATHAWAY INC CLASS B (11.58%)
• JPMORGAN CHASE & CO (11.23%)
• BANK OF AMERICA CORP (4.19%)
• THE GOLDMAN SACHS GROUP INC (3.83%)
• WELLS FARGO & CO (3.74%)
• MORGAN STANLEY (3.55%)
• CITIGROUP INC (3.51%)
• CHARLES SCHWAB CORP (2.59%)
• BLACKROCK INC (2.57%)
• PROGRESSIVE CORP (1.91%)
Income and distribution explanation
Some investors look for ETFs that pay out cash. This is called the distribution yield. For IYF, the distribution yield is approximately 1.54%. These payments usually happen quarterly, and there were 4 payments in the last 12 months. While these payments provide cash, they are not the same as total return.
NAV erosion explanation
"NAV erosion" refers to a decline in the Net Asset Value (the actual value of the fund's underlying assets). A falling share price does not always mean NAV erosion is happening. For this ETF, the erosion-risk score is 94, which is labeled as "Stable / sideways," and the erosion severity is "good." There is no severe erosion-risk flag for this ETF.
Pros
• The fund has a high income rating grade of "A."
• It shows strong three-year total returns.
Cons
• The year-to-date price return is currently negative.
Beginner takeaway
When studying IYF, remember that price returns and total returns tell different stories. The total return is often higher because it includes the cash distributions paid to investors. Always look at both numbers to see how the fund is performing overall.
Top Holdings
Structured portfolio holdings supplied by the ETF data provider. These figures are not generated by the AI article.
| # | Holding | Ticker | Weight |
|---|---|---|---|
| 1 | BERKSHIRE HATHAWAY INC CLASS B | BRK-B | 11.58% |
| 2 | JPMORGAN CHASE & CO | JPM | 11.23% |
| 3 | BANK OF AMERICA CORP | BAC | 4.19% |
| 4 | THE GOLDMAN SACHS GROUP INC | GS | 3.83% |
| 5 | WELLS FARGO & CO | WFC | 3.74% |
| 6 | MORGAN STANLEY | MS | 3.55% |
| 7 | CITIGROUP INC | C | 3.51% |
| 8 | CHARLES SCHWAB CORP | SCHW | 2.59% |
| 9 | BLACKROCK INC | BLK | 2.57% |
| 10 | PROGRESSIVE CORP | PGR | 1.91% |