IJR US
IJR ETF: A Guide to iShares Core S&P Small-Cap ETF
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The IJR ETF, officially the iShares S&P Small-Cap ETF, gives investors exposure to small-cap U.S. shares via the S&P SmallCap 600. For Australian investors, the key question is not just what the fund holds, but how best to access that exposure: directly through an Australian-domiciled ASX listing, through a U.S.-listed ETF like IWM, or through a broader U.S. equity ETF that already includes small caps.
What it does: Tracks the S&P SmallCap 600 Index for exposure to smaller listed U.S. companies.
Who it may suit: Australians who want a dedicated small-cap U.S. sleeve rather than just large-cap America.
Main local issue for Australians: It is Australian-domiciled and ASX-listed, but the exposure itself is still fully tied to U.S. equities and USD movements.
Best Australian-listed alternative: RSSL if you want Russell 2000 exposure instead of the S&P SmallCap 600.
Overview
The iShares Core S&P Small-Cap ETF (IJR) gives investors exposure to a broad collection of smaller US companies. With 604 holdings and allocations spread across sectors, it represents a diversified small-cap approach; however, diversification does not remove the risks associated with smaller businesses or US-dollar exposure.
Category
IJR offers a diversified route into the US small-cap market rather than concentrating on a single industry or company. The small-cap segment can behave differently from large US shares, but its potential for growth comes with meaningful volatility and business-cycle sensitivity.
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Small-cap shares offer exposure to businesses that are generally less established than large-cap companies. Their performance can be influenced by domestic economic conditions, financing costs and company-specific developments, making broad diversification relevant but not eliminating equity-market risk.
Key facts
- Ticker
- IJR
- Exchange
- US
- ISIN
- US4642878049
- Provider
- iShares
- Domicile
- United States
- Currency
- USD
- Inception date
- 2000-05-22
- Use of income
- NA
- UCITS
- No
- Holdings count
- 604
Costs
- TER
- 0.06%
- Net expense ratio
- 0.06%
- AUM
- 104.0B
The supplied total expense ratio is 0.06%. Australian investors should also consider trading, brokerage and currency-conversion costs, which are not included in that figure.
Performance
- YTD
- 15.6%
- 1 year
- 17.4%
- 3 years
- 16.0%
- 5 years
- 6.2%
- 10 years
- 9.5%
- Dividend yield
- 1.28%
Holdings
-
ViaSat Inc0.00%
-
Glaukos Corp0.00%
-
Match Group Inc0.00%
-
MaxLinear Inc0.00%
-
Protagonist Therapeutics Inc0.00%
-
Element Solutions Inc0.00%
-
Paycom Software, Inc.0.00%
-
SM Energy Co0.00%
-
Ryman Hospitality Properties Inc0.00%
-
Ralliant Corporation Common Stock0.00%
Weights are percentages of the fund; bars use a 0–100% scale. Displayed entries may not cover the whole portfolio.
The portfolio spans technology, financial services, industrials, healthcare and consumer-related businesses, among other sectors. Financial services and technology are the largest sector allocations in the supplied breakdown, at 16.329% and 15.907%, respectively. The supplied top-holdings list assigns each displayed holding a weight of 0%, so individual names and their relative importance are not emphasised here.
Regions
-
North America99.8%
-
Latin America0.5%
-
Asia Developed0.2%
-
Japan0.0%
-
Australasia0.0%
-
Asia Emerging0.0%
-
United Kingdom0.0%
-
Europe Emerging0.0%
-
Europe Developed0.0%
-
Africa/Middle East0.0%
Weights are percentages of the fund; bars use a 0–100% scale. Displayed entries may not cover the whole portfolio.
Asset allocation
-
Stock US96.8%
-
Cash1.8%
-
Stock non-US0.6%
-
Bond0.0%
-
Other0.0%
-
NotClassified0.0%
Weights are percentages of the fund; bars use a 0–100% scale. Displayed entries may not cover the whole portfolio.
Sectors
-
Financial Services16.3%
-
Technology15.9%
-
Industrials15.8%
-
Consumer Cyclicals12.2%
-
Healthcare10.5%
-
Real Estate7.4%
-
Energy6.5%
-
Basic Materials4.8%
-
Consumer Defensive4.8%
-
Communication Services3.3%
Weights are percentages of the fund; bars use a 0–100% scale. Displayed entries may not cover the whole portfolio.
Risks
Who it may suit
IJR may interest Australian investors researching diversified exposure to smaller US companies through a single ETF. Its US-dollar denomination and small-cap focus are important considerations: currency movements can affect Australian-dollar outcomes, while smaller companies may be more volatile than large-cap businesses. This is general information, not personal financial advice.
Key risks
IJR is exposed to US equity-market risk, with a focus on smaller companies that can experience sharper price movements and may be more sensitive to economic conditions or changes in access to financing. Its broad portfolio does not remove the possibility of losses. For Australian investors, the US-dollar denomination also means exchange-rate movements can affect returns in Australian dollars. Past performance is not a reliable guide to future results.
FAQ
What type of ETF is IJR?
IJR is a US small-cap equity ETF in the Morningstar Small Blend category, designed to give broad exposure to smaller US-listed companies.
Is IJR focused on income or growth?
It is better thought of as a growth-oriented equity allocation than an income fund, given its 1.29% dividend yield and small-cap share exposure.
How concentrated is the portfolio?
It is quite diversified. The top 10 holdings account for 5.907% of assets, so no single company dominates the fund.
Is IJR suitable for Australian investors?
It can be, if you want US small-cap exposure and are comfortable with USD exposure and the higher volatility that usually comes with smaller companies.
Is the exposure hedged to AUD?
No. IJR is unhedged, so Australian investors still face AUD/USD currency movements.
*This content is aimed to provide general information only, and does not take your personal objectives, financial situation or needs into account.
