IWF US
IWF ETF: A Guide to iShares Russell 1000 Growth ETF
Last updated: 2026-10-03
Overview
The iShares Russell 1000 Growth ETF (IWF) offers Australian investors access to a broad portfolio of US growth-focused shares through a US-listed, US-dollar fund. Its profile is shaped by a pronounced technology weighting and substantial positions in a handful of large companies. Those features sit alongside a stated net expense ratio of 0.19% and a displayed dividend yield of 0.35%.
Category
IWF focuses on the growth segment of the US large- and mid-cap share market. Rather than spreading exposure evenly across industries, its portfolio currently has a strong technology tilt alongside communication services and consumer cyclical companies. This creates a clear growth-stock profile, but also means the fund’s fortunes are closely linked to a narrower set of sectors and major companies.
Growth-focused funds tend to place greater weight on companies whose valuations reflect expectations for future expansion. That focus can make performance sensitive to changes in investor expectations and can leave returns more exposed to the fortunes of prominent growth companies. IWF’s supplied performance figures show returns of 6.98% year to date, 9.5% over one year, 24.07% annualised over three years, 12.61% annualised over five years and 18.03% annualised over ten years. Past performance does not predict future results.
Key facts
- Ticker
- IWF
- Exchange
- US
- ISIN
- US4642876142
- Category / focus
- Large Growth
- Provider
- iShares
- Domicile
- United States
- Currency
- USD
- Inception date
- 2000-05-22
- Use of income
- NA
- UCITS
- No
- Holdings count
- 371
Costs
- TER
- 0.19%
- Net expense ratio
- 0.19%
- AUM
- 128.8B
The supplied net expense ratio is 0.19%. The displayed dividend yield is 0.35%; yield and distributions can vary, and the figure is not a guaranteed return.
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Performance
- YTD
- 7.0%
- 1 year
- 9.5%
- 3 years
- 24.1%
- 5 years
- 12.6%
- 10 years
- 18.0%
- Dividend yield
- 0.35%
- Top 10 concentration
- 57.5%
Holdings
-
NVIDIA Corporation15.57%
-
Apple Inc.7.58%
-
Alphabet Inc Class A5.84%
-
-
Broadcom Inc4.85%
-
Alphabet Inc Class C4.71%
-
Meta Platforms Inc.3.90%
-
Micron Technology Inc3.53%
-
Tesla Inc3.03%
-
Advanced Micro Devices Inc2.90%
Weights are percentages of the fund; bars use a 0–100% scale. Displayed entries may not cover the whole portfolio.
The portfolio is dominated by US equities, with technology the largest sector allocation at 56.043%, followed by communication services at 16.477%. Its largest positions include NVIDIA at 15.57%, Apple at 7.58%, Alphabet Class A at 5.835% and Microsoft at 5.553%. The ten largest holdings together represent 57.465% of assets, making concentration an important feature of the fund.
Regions
-
North America99.8%
-
Latin America0.1%
-
United Kingdom0.0%
-
Australasia0.0%
-
Europe Developed0.0%
-
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 US99.6%
-
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
-
Technology56.0%
-
Communication Services16.5%
-
Consumer Cyclicals7.5%
-
Industrials7.5%
-
Healthcare5.5%
-
Financial Services4.6%
-
Consumer Defensive1.1%
-
Energy0.5%
-
Real Estate0.4%
-
Basic Materials0.3%
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
IWF may be of interest to investors researching exposure to US large- and mid-cap growth companies, particularly those comfortable with a portfolio tilted towards technology and a relatively concentrated group of leading holdings. It is a US-dollar investment, so Australian investors should also consider currency movements and the fund’s US domicile.
Key risks
The fund has substantial exposure to technology and to a small number of large holdings; a sharp decline in one or more of these companies could weigh on its overall value. Growth shares can be sensitive to changing expectations, and the portfolio’s US focus provides limited geographic spread. For Australian investors, exchange-rate movements between the US and Australian dollars can also affect returns in Australian-dollar terms. Share prices and distributions can fall as well as rise.
FAQ
What does IWF invest in?
IWF is a US-listed, US-domiciled equity ETF focused on large- and mid-cap growth companies. Its holdings are heavily weighted towards US shares and technology businesses.
How concentrated are IWF’s holdings?
The ten largest holdings account for 57.465% of the portfolio. NVIDIA is the largest at 15.57%, so the fund’s results can be meaningfully influenced by a relatively small number of companies.
What are the fund’s stated costs and dividend yield?
The supplied net expense ratio is 0.19%, and the displayed dividend yield is 0.35%. These figures can change and do not indicate future costs or distributions.
What should Australian investors consider?
IWF trades in US dollars and holds predominantly US equities. Australian investors therefore have exposure to movements in the US dollar against the Australian dollar, as well as to changes in the value of the underlying shares.
*This content is aimed to provide general information only, and does not take your personal objectives, financial situation or needs into account.
