iShares Texas Equity ETF (TEXN)

The iShares Texas Equity ETF (TEXN) is a passively managed exchange-traded fund from BlackRock's iShares business that provides exposure to companies tied to the state of Texas.

The fund tracks a rules-based index of U.S.-listed companies headquartered in Texas, spanning sectors that are prominent in the state's economy, such as energy, technology, financial services, industrials, health care and consumer businesses. Constituents are selected and weighted according to the index methodology.

Its objective is to give investors a single, diversified way to invest in the corporate base of the Texas economy, rather than a fund organized around a particular sector or investment style.