ETF Overview
iShares U.S. Oil & Gas Exploration & Production ETF (IEO) owns a portfolio of mostly large-cap and medium-cap U.S. energy stocks. The fund seeks to track the performance of the Dow Jones U.S. Select Oil Exploration & Production Index. The fund’s top 10 stocks represent nearly 70% of the total portfolio and these stocks are trading at valuations below their historical averages. Given the strong cash flow generation of these stocks, we think the current risk and rewards profile is attractive. While IEO’s fund price can be volatile, we think investors