Sector allocations include consumer cyclical 12.5%, financial services 15.7%, telecom services 1.9%, energy 14.0%, industrials 8.3%, tech 13.5%, consumer staples 11.2%, healthcare 13.8% and utilities 8.6%.
Additionally, IELG comes with a low 0.18% expense ratio. In comparison, the 91 actively manage U.S.-listed ETFs on the market shows an average expense ratio of 0.85%, according to XTF data.
The fund has been around for about a year and has accumulated $59 million in assets. Potential investors, though, should utilize limit orders to better control trades as the average daily volume hovers around 11,000.
iShares Enhanced U.S. Large-Cap ETF
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Max Chen contributed to this article.