TEXN ETF — iShares Texas Equity ETF

iShares Texas Equity ETF (TEXN)

Updated October 16, 2026.

TEXN is a low-cost ETF. its distribution rate is 1.41%, its trailing-12-month yield is 1.39%, its expense ratio is 0.20%. Dividend Vision Distribution Safety Score™ is 50/100 (Unproven). Total return is 35.0% over the past 1.3 years, 7.5 points ahead of SPY at 27.5%.

iShares Texas Equity ETF tracks an index of equity securities issued by U.S. companies headquartered in Texas, with the fund investing at least 80% of its assets in index component securities. The fund offers a modest current distribution rate paid quarterly and charges an expense ratio of 0.20%. It may appeal to investors seeking exposure to Texas-based equities, whether for geographic concentration or regional economic interest.

TEXN performance versus SPY

Price and return data through 2026-10-16.

Total return is 35.0% over the past 1.3 years, 7.5 points ahead of SPY at 27.5%. Its deepest 1-year drawdown was 8.8%.

TEXN key facts

Distribution Safety Score™

50 · Unproven

Issuer

iShares

Asset type

ETF

Asset class

Equity

Inception date

06/23/2025

Expense ratio

0.20%

Distribution rate

1.41%

Distribution frequency

Quarterly

Trailing yield

1.39%

Last close

$33.46 (as of 2026-10-16)

AUM

$18,867,772

Average volume

1738.0

Dividend

$0.118

Ex-dividend date

09/15/2026

Payment date

09/18/2026

Beta

0.7629

How Dividend Vision calculates yield and returns

Distribution rate (1.41%) uses calculation basis unavailable. Issuer rates can use a different denominator and date, including ex-date NAV. Trailing-12-month yield (1.39%) is the sum of split-adjusted cash distributions with ex-dates in the last 12 months, divided by the published price. It lags a recent raise or cut. Total return uses split-adjusted close with distributions reinvested on the ex-dividend date (a modeling convention, not the cash-settlement date) from the first stored bar on or after inception through the latest bar, compared with the same window on the benchmark. That is the security's total return, not your personal gain/loss.

Yield and safety methodology · Distribution rate methodology · Distribution Safety Score methodology

Sources and review

Primary sources: iShares; prices and distributions from Dividend Vision, derived from vendor EOD data.

Reviewed by Bert Sweet, CEO and Co-owner of Dividend Vision. Methodology: Distribution Safety Score.

TEXN risks and drawbacks

TEXN's current distribution rate is moderate, not a high-yield payout — the strategy is dividend quality more than maximum income. Payments are quarterly, so cash flow is lumpy versus a monthly fund. The deepest 1-year drawdown on record here is 8.8%.

Who may consider TEXN — and who may not

TEXN may suit someone looking for low-cost broad dividend exposure. It is a weaker fit for investors who need monthly cash flow (TEXN pays quarterly); investors hunting double-digit covered-call yields. This is educational context, not a recommendation to buy or sell.

More on TEXN

• All tickers starting with T

Frequently asked questions

More securities from iShares.