IVW US

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

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Overview

The iShares S&P 500 Growth ETF (IVW) offers a focused way to access US large-cap growth shares through a US-listed fund. Its profile is shaped by a large technology allocation and significant weights in a small number of major companies, so it is less evenly spread than its 152 holdings might suggest.

Category

IVW provides exposure to the growth segment of the US large-cap share market. Growth investing generally emphasises companies whose business characteristics meet growth-focused selection criteria; it can bring greater sensitivity to expectations about future business performance than a more balanced market exposure.

Growth shares are often valued partly on expectations about future earnings, so changes in earnings outlooks, interest rates and investor appetite for risk can influence the segment. IVW’s concentrated, technology-heavy portfolio may respond differently from funds with broader sector or style exposure.

 

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Key facts

Ticker
IVW
Exchange
US
ISIN
US4642873099
Category / focus
US Equity
Provider
iShares
Domicile
United States
Currency
USD
Inception date
2000-05-22
UCITS
No
Holdings count
153

Costs

TER
0.17%
Net expense ratio
0.17%
AUM
74.2B

The supplied net expense ratio is 0.17%. Australian investors should also consider trading costs and the effect of converting between Australian and US dollars.

Performance

YTD
9.3%
1 year
8.3%
3 years
23.9%
5 years
11.4%
10 years
16.5%
Dividend yield
0.35%
Top 10 concentration
59.6%

Holdings

  1. NVIDIA Corporation11.57%
    Ticker
    NVDA
    Sector
    Technology
    Country
    United States

  2. Microsoft Corporation11.90%
    Ticker
    MSFT
    Sector
    Technology
    Country
    United States

  3. Apple Inc.7.75%
    Ticker
    AAPL
    Sector
    Technology
    Country
    United States

  4. Alphabet Inc Class A4.98%
    Ticker
    GOOGL
    Sector
    Communication Services
    Country
    United States

  5. Broadcom Inc4.67%
    Ticker
    AVGO
    Sector
    Technology
    Country
    United States

  6. Meta Platforms Inc.4.31%
    Ticker
    META
    Sector
    Communication Services
    Country
    United States

  7. Amazon.com Inc3.93%
    Ticker
    AMZN
    Sector
    Consumer Cyclical
    Country
    United States

  8. Alphabet Inc Class C3.96%
    Ticker
    GOOG
    Sector
    Communication Services
    Country
    United States

  9. Eli Lilly and Company3.41%
    Ticker
    LLY
    Sector
    Healthcare
    Country
    United States

  10. Berkshire Hathaway Inc3.17%
    Ticker
    BRK-B
    Sector
    Financial Services
    Country
    United States

Weights are percentages of the fund; bars use a 0–100% scale. Displayed entries may not cover the whole portfolio.

The portfolio holds 152 securities, but exposure is concentrated: the ten largest positions make up 59.875%. NVIDIA is the largest holding at 14.833%, followed by Microsoft at 10.366% and Apple at 6.254%. Technology accounts for 55.708% of sector exposure, with communication services the next-largest allocation at 15.610%.

Regions

  • North America97.7%

  • Asia Emerging0.1%

  • Latin America0.1%

  • Japan0.0%

  • Australasia0.0%

  • Asia Developed0.0%

  • 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 US104.7%
  • Stock non-US0.2%

  • Cash0.0%

  • 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

  • Technology52.4%

  • Communication Services14.6%

  • Financial Services9.7%

  • Consumer Cyclicals9.1%

  • Healthcare7.4%

  • Industrials5.1%

  • Consumer Defensive1.1%

  • Real Estate0.7%

  • Basic Materials0.4%

  • Utilities0.3%

Weights are percentages of the fund; bars use a 0–100% scale. Displayed entries may not cover the whole portfolio.

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Risks

Who it may suit

IVW may interest investors researching concentrated exposure to US large-cap growth companies. Its substantial technology weighting and relatively low supplied dividend yield mean its profile differs from a broad-market or income-focused fund. For Australian investors, the US listing also means returns in Australian dollars may be affected by currency movements as well as share-price performance.

Key risks

The main risks include concentration in a handful of large companies and a substantial technology-sector weighting, which can amplify the effect of company-specific setbacks or sector weakness. Growth-oriented shares may also lag when investors favour income-producing or more value-oriented companies. The fund is US-focused, and Australian investors face currency risk because its shares trade in US dollars. Past returns and the supplied yield are not guarantees of future results.

FAQ

What does IVW invest in?

IVW focuses on US large-cap companies with growth characteristics. Its holdings span several industries, but technology is the largest sector exposure.

How concentrated is the portfolio?

The ten largest holdings account for 59.875% of the fund, with NVIDIA and Microsoft among its largest positions. This means a relatively small group of companies can have a substantial influence on results.

What is IVW’s management fee?

The supplied net expense ratio is 0.17%. Other costs, including brokerage and currency-conversion fees, may apply when Australian investors trade a US-listed ETF.

Does IVW provide a high income yield?

The supplied dividend yield is 0.324%, so the fund’s profile is more oriented towards growth exposure than income. Yield can change over time.

*This content is aimed to provide general information only, and does not take your personal objectives, financial situation or needs into account.

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