IWF US

IWF ETF: A Guide to iShares Russell 1000 Growth ETF

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Overview

The iShares Russell 1000 Growth ETF (IWF) offers exposure to US growth shares, but its broad roster of holdings should be considered alongside its concentration in a handful of large companies. For Australian investors, the fund’s US-dollar denomination adds a currency dimension to its market exposure.

Category

IWF is a US equity ETF centred on companies classified as growth-oriented. Its holdings span sectors, but the portfolio’s character is shaped by a pronounced technology tilt and large positions in well-known US companies.

Growth-oriented shares can be particularly sensitive to changing expectations for company earnings, valuations and financing conditions. For IWF, that sensitivity is paired with meaningful exposure to a small number of prominent US technology and communications companies, so developments affecting those businesses may have an outsized effect on the fund.

 

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Key facts

Ticker
IWF
Exchange
US
ISIN
US4642876142
Category / focus
US Equity
Provider
iShares
Domicile
United States
Currency
USD
Inception date
2000-05-22
UCITS
No
Holdings count
373

Costs

TER
0.19%
Net expense ratio
0.19%
AUM
119.2B

The displayed total expense ratio is 0.19%. The supplied dividend yield is 0.335%, although distributions can change and are not guaranteed.

Performance

YTD
-1.1%
1 year
-2.6%
3 years
18.8%
5 years
9.6%
10 years
16.5%
Dividend yield
0.37%
Top 10 concentration
55.8%

Holdings

  1. NVIDIA Corporation12.17%
    Ticker
    NVDA
    Sector
    Technology
    Country
    United States

  2. Apple Inc.8.55%
    Ticker
    AAPL
    Sector
    Technology
    Country
    United States

  3. Microsoft Corporation6.27%
    Ticker
    MSFT
    Sector
    Technology
    Country
    United States

  4. Alphabet Inc Class A5.50%
    Ticker
    GOOGL
    Sector
    Communication Services
    Country
    United States

  5. Broadcom Inc5.19%
    Ticker
    AVGO
    Sector
    Technology
    Country
    United States

  6. Alphabet Inc Class C4.26%
    Ticker
    GOOG
    Sector
    Communication Services
    Country
    United States

  7. Eli Lilly and Company3.73%
    Ticker
    LLY
    Sector
    Healthcare
    Country
    United States

  8. Tesla Inc3.74%
    Ticker
    TSLA
    Sector
    Consumer Cyclical
    Country
    United States

  9. Meta Platforms Inc.3.55%
    Ticker
    META
    Sector
    Communication Services
    Country
    United States

  10. Micron Technology Inc2.87%
    Ticker
    MU
    Sector
    Technology
    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 372 securities, but its exposure is concentrated: the 10 largest holdings represent 57.321% of assets. NVIDIA is the largest at 15.794%, followed by Apple at 7.671% and Microsoft at 5.667%. Technology accounts for 54.244% of sector exposure, with communication services at 15.877%.

Regions

  • North America103.5%
  • Latin America0.1%

  • United Kingdom0.0%

  • Europe Developed0.0%

  • Australasia0.0%

  • Japan0.0%

  • Asia Emerging0.0%

  • Asia Developed0.0%

  • Europe Emerging0.0%

  • 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 US102.4%
  • Stock non-US0.3%

  • Cash0.1%

  • 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

  • Technology50.7%

  • Communication Services14.7%

  • Consumer Cyclicals8.5%

  • Industrials7.3%

  • Healthcare7.0%

  • Financial Services5.5%

  • Consumer Defensive1.4%

  • Energy0.5%

  • Real Estate0.5%

  • Basic Materials0.3%

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

Buy this ETF

Risks

Who it may suit

IWF may interest investors researching US growth shares who are comfortable with a portfolio dominated by large technology and communication services companies. Its concentration and US-dollar exposure are important considerations for Australian investors. This is general information, not personal financial advice.

Key risks

Concentration is a key risk: the largest holdings and technology sector make up substantial portions of the portfolio, so weakness in a few companies or that sector could weigh heavily on results. Growth shares can also be sensitive to changing valuations and earnings expectations. The fund is US-focused, and Australian investors face currency movements between the US dollar and Australian dollar. Past performance does not guarantee future results.

FAQ

What does IWF invest in?

IWF holds US-focused growth shares, with its portfolio weighted heavily towards technology and communication services companies.

How concentrated is the portfolio?

Its 10 largest holdings account for 57.321% of the fund. NVIDIA is the largest holding at 15.794%, so a relatively small group of companies can have a substantial influence on results.

Does IWF pay income?

The supplied dividend yield is 0.335%. Distributions can vary, and this figure should not be taken as a guaranteed income rate.

What currency is IWF denominated in?

The fund is denominated in US dollars. Australian investors may therefore also be exposed to movements in the US dollar against the Australian dollar.

*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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