IVW ETF: How iShares S&P 500 Growth ETF Works

Overview

iShares S&P 500 Growth ETF aims to give investors concentrated exposure to the growth side of the U.S. large-cap market. In practice, that means a portfolio tilted toward companies with strong earnings and revenue characteristics, and a very heavy influence from the market’s largest mega-cap names.

Category

The fund sits squarely in the U.S. large growth style box. Its portfolio is dominated by technology and communication services, with healthcare and consumer cyclical names also playing meaningful supporting roles. The result is a fund that is less about broad market balance and more about participation in the companies that have driven a large share of U.S. equity market growth.

Growth stocks have remained a central part of global equity leadership, and this ETF gives investors a simple way to express that theme through large U.S. companies. The fund’s current holdings are anchored by Nvidia, Microsoft, Apple, Alphabet, Amazon and Meta, so its performance is likely to remain closely tied to the fortunes of a relatively small set of mega-cap growth leaders.

Key facts

Costs

The fund’s net expense ratio is 0.18%, with ongoing charge shown as 0%. The dividend yield is 0.37%, which reinforces that this is primarily a growth allocation rather than an income product.

Performance

Holdings

The portfolio holds 148 securities and is overwhelmingly U.S.-focused, with 99.671% in U.S. stocks and only a tiny non-U.S. sleeve. The top 10 holdings are NVIDIA Corporation 14.775%, Microsoft Corporation 9.932%, Apple Inc. 6.321%, Alphabet Inc Class A 5.603%, Broadcom Inc 4.995%, Alphabet Inc Class C 4.478%, Amazon.com Inc 3.737%, Meta Platforms Inc. 3.314%, Micron Technology Inc 2.945%, and Eli Lilly and Company 2.692%.

Regions

Sectors

Related ETFs

Compared with a broad U.S. equity ETF, IVW is more style-pure and more concentrated. Compared with value-oriented or dividend-focused funds, it has far less income and more exposure to long-duration growth companies. That makes it a more targeted building block for investors who want growth tilt rather than market-wide diversification.

Risks

Who it may suit

It may suit Australian investors looking for U.S. large-cap growth exposure in a single listed fund, especially those who are comfortable with a portfolio that can be dominated by a handful of major technology and communication services stocks. It can also be used by investors who want a growth satellite around a broader core allocation.

Key risks

The main risk is concentration. The top 10 holdings make up 58.791% of assets, and Nvidia alone accounts for 14.775%. That means returns can be heavily influenced by the same few names. Style risk is also important: if the market favours value, defensives or smaller companies, a growth fund like this can lag. Sector risk is high as well, with technology accounting for 53.496% of the portfolio.

FAQ