IWR US
iShares Russell Mid-Cap ETF Guide (IWR): What Is It All About?
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Overview
The iShares Russell Mid-Cap ETF (IWR) provides diversified exposure to US mid-sized companies through a market-cap-weighted portfolio. Its 823 reported holdings are spread across a range of sectors, with technology the largest sector allocation. The fund has returned 13.116% over one year and 13.002% year to date, while its stated expense ratio is 0.18%. For Australian investors, its US-dollar trading and predominantly North American equity exposure are important parts of the picture.
Category
The fund targets the broad US mid-cap segment, a part of the market that spans businesses across technology, industrials, finance, healthcare and other areas. Rather than selecting one industry or investment style, IWR uses a market-cap-weighted approach across its stated Russell mid-cap universe.
Mid-cap shares occupy a middle ground between the largest established companies and smaller businesses. Their mix can include mature operators and companies with room to expand, while their market performance may still be sensitive to shifts in growth expectations, financing conditions and the economic cycle. IWR’s holdings span a range of sectors, so its fortunes are not tied to a single industry.
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Key facts
- Ticker
- IWR
- Exchange
- US
- ISIN
- US4642874998
- Category / focus
- US Small & Mid Cap Equity
- Provider
- iShares
- Domicile
- United States
- Currency
- USD
- Inception date
- 2001-07-17
- UCITS
- No
- Holdings count
- 819
Costs
- TER
- 0.18%
- Net expense ratio
- 0.18%
- AUM
- 59.3B
IWR’s stated total expense ratio is 0.18%. This is an ongoing fund cost and is separate from brokerage, currency-conversion charges and any other costs an investor may incur when trading US-listed securities. The reported assets under management are about US$55.8 billion.
Performance
- YTD
- 16.2%
- 1 year
- 18.1%
- 3 years
- 19.6%
- 5 years
- 7.3%
- 10 years
- 11.2%
- Dividend yield
- 1.16%
- Top 10 concentration
- 6.2%
Holdings
-
Marathon Petroleum Corp0.85%
-
Phillips 660.73%
-
Snowflake Inc.0.69%
-
Cloudflare Inc0.68%
-
Moderna Inc0.64%
-
Royal Caribbean Cruises Ltd0.61%
-
Simon Property Group Inc0.56%
-
United Rentals Inc0.49%
-
Kimberly-Clark Corporation0.51%
-
Digital Realty Trust Inc0.47%
Weights are percentages of the fund; bars use a 0–100% scale. Displayed entries may not cover the whole portfolio.
The portfolio is broadly spread across sectors, led by technology at 20.718%, industrials at 16.414%, financial services at 13.005% and healthcare at 11.743%. Its listed largest positions include Marathon Petroleum, Cloudflare, Snowflake and Phillips 66; each represents less than 1% of assets. The top 10 holdings together account for 7.122%, indicating that exposure is distributed across many companies rather than dominated by a handful of names.
Regions
-
North America99.1%
-
Europe Developed0.6%
-
United Kingdom0.4%
-
Latin America0.4%
-
Australasia0.1%
-
Asia Emerging0.0%
-
Japan0.0%
-
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 US98.1%
-
Stock non-US1.8%
-
Cash0.2%
-
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
-
Technology17.8%
-
Industrials15.1%
-
Healthcare13.3%
-
Financial Services13.2%
-
Consumer Cyclicals10.4%
-
Real Estate6.8%
-
Energy6.7%
-
Utilities6.0%
-
Consumer Defensive4.9%
-
Basic Materials4.0%
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
IWR may interest investors researching diversified exposure to US mid-sized companies rather than a portfolio concentrated in the largest US shares. Its broad sector mix offers exposure to businesses with varied economic drivers, but the fund remains heavily weighted to North America and carries equity-market and currency risks. This is general information, not personal financial advice.
Key risks
IWR is an equity fund, so its value can fall when share markets decline. Its exposure is predominantly to North American companies, leaving it concentrated in one broad geographic market despite its sector spread. Mid-sized companies can face different business and market risks from larger firms, and the fund’s use of derivatives, as described by the provider, may add complexity. For Australian investors, US-dollar trading also means exchange-rate movements can affect returns measured in Australian dollars.
FAQ
What kind of exposure does IWR provide?
IWR offers exposure to a broad group of US mid-cap companies, with holdings across sectors including technology, industrials, financial services and healthcare.
How concentrated are the largest holdings?
The fund holds 823 securities, and its top 10 holdings account for 7.122% of assets. The largest listed positions are each below 1%.
What should Australian investors consider?
IWR trades in US dollars and holds predominantly North American equities, so returns for Australian investors can also be affected by movements in the Australian dollar against the US dollar.
*This content is aimed to provide general information only, and does not take your personal objectives, financial situation or needs into account.
