IWN ETF — Holdings & Analysis

The iShares Russell 2000 Value ETF (IWN) is a $12.21 billion fund seeking to replicate the performance of small-cap U.S. equities exhibiting value characteristics.

With an expense ratio of 0.24%, IWN provides exposure to a diversified portfolio of over 1400 holdings, distinguishing itself through its focus on value stocks within the small-cap universe. The fund's significant allocation to financial services and industrials sectors further defines its investment profile, offering investors a targeted approach to value investing.

iShares Russell 2000 Value ETF (IWN) ETF — Price, Holdings & Analysis

The iShares Russell 2000 Value ETF (IWN) is a $12.21 billion fund seeking to replicate the performance of small-cap U.S. equities exhibiting value characteristics. With an expense ratio of 0.24%, IWN provides exposure to a diversified portfolio of over 1400 holdings, distinguishing itself through its focus on value stocks within the small-cap universe. The fund's significant allocation to financial services and industrials sectors further defines its investment profile, offering investors a targeted approach to value investing.

ETF Overview

The iShares Russell 2000 Value ETF seeks to track the investment results of an index composed of small-capitalization U.S. equities that exhibit value characteristics.

The iShares Russell 2000 Value ETF (IWN) aims to mirror the investment outcomes of an index composed of small-capitalization U.S. companies that demonstrate value traits. This ETF is designed for investors seeking exposure to the small-cap value segment of the U.S. equity market. IWN's strategy involves holding a diverse array of stocks, with its top holdings including EchoStar Corp Class A (SATS) at 1.05%, Hecla Mining Co (HL) at 0.81%, and TTM Technologies Inc (TTMI) at 0.71%. The fund's sector allocation is heavily weighted towards Financial Services at 23.7%, followed by Industrials at 11.4% and Real Estate at 10.8%. This sector distribution indicates a tilt towards companies that may be undervalued relative to their intrinsic worth. By focusing on value stocks within the small-cap space, IWN offers a potentially different risk/return profile compared to broader market ETFs or those focused on growth stocks. The fund's country exposure is primarily to the United States (93.4%), with smaller allocations to Bermuda, Switzerland, the United Kingdom and Ireland, making it primarily a domestic play.

Risk Metrics

Investing in IWN involves several risks that investors may want to research. The fund's focus on small-cap value stocks can lead to higher volatility compared to large-cap or growth-oriented ETFs, as reflected in its beta of 1.18. Sector concentration is another risk, with a significant portion of the fund allocated to Financial Services (23.7%), meaning that the fund's performance is closely tied to the performance of this sector. The expense ratio of 0.24% will create a slight drag on performance over time. While IWN holds a large number of stocks (1401), the top holdings still represent a notable portion of the portfolio, creating some concentration risk within the fund itself. Past performance does not guarantee future results.

Expense Ratio

0.24%

What does IWN hold?

Holding	Weight
EchoStar Corp Class A (SATS)	1.05%
Hecla Mining Co (HL)	0.81%
TTM Technologies Inc (TTMI)	0.71%
Coeur Mining Inc (CDE)	0.58%
Fluor Corp (FLR)	0.56%
CareTrust REIT Inc (CTRE)	0.55%
Commercial Metals Co (CMC)	0.55%
UMB Financial Corp (UMBF)	0.52%
Vaxcyte Inc Ordinary Shares (PCVX)	0.51%
Praxis Precision Medicines Inc Ordinary Shares (PRAX)	0.51%

How Is the Fund Allocated?

Sector	Weight
Financial Services	23.7%
Industrials	11.4%
Real Estate	10.8%
Healthcare	10.6%
Consumer Cyclical	10.1%
Energy	8.3%
Technology	8.3%
Basic Materials	6.2%
Utilities	5.5%
Communication Services	2.8%
Consumer Defensive	2.4%

Country	Weight
United States	93.4%
Bermuda	2.5%
Switzerland	1.0%
United Kingdom	0.9%
Ireland	0.5%
Other	0.3%
Monaco	0.3%
Canada	0.2%
Cayman Islands	0.2%
France	0.1%

Dividend Yield

1.10%

Invesco QQQ Trust, Series 1 (QQQ) — 0.18% expense ratio
State Street Technology Select Sector SPDR ETF (XLK) — 0.08% expense ratio
State Street Energy Select Sector SPDR ETF (XLE) — 0.08% expense ratio
State Street SPDR Dow Jones Industrial Average ETF Trust (DIA) — 0.16% expense ratio
iShares Russell 2000 ETF (IWM) — 0.19% expense ratio
State Street Financial Select Sector SPDR ETF (XLF) — 0.08% expense ratio
iShares MSCI Emerging Markets ETF (EEM) — 0.72% expense ratio
State Street SPDR S&P 500 ETF (SPY) — 0.09% expense ratio

iShares Russell 2000 ETF (IWM) (Equity) — 0.19% expense ratio
iShares MSCI Emerging Markets ETF (EEM) (Equity) — 0.72% expense ratio
iShares MSCI EAFE ETF (EFA) (Equity) — 0.32% expense ratio
iShares MSCI Emerging Markets Small-Cap ETF (EEMS) (Equity) — 0.72% expense ratio
iShares FinTech Active ETF (BPAY) (Equity) — 0.66% expense ratio
iShares Blockchain and Tech ETF (IBLC) (Equity) — 0.47% expense ratio

Risk Metrics

Beta: 1.18

Questions & Answers

What is IWN and what does it track?

The iShares Russell 2000 Value ETF (IWN) is an exchange-traded fund that seeks to track the investment results of the Russell 2000 Value Index. This index is composed of small-capitalization U.S. equities that exhibit value characteristics.

By investing in IWN, investors gain exposure to a diversified portfolio of over 1400 small-cap value stocks.

What is the expense ratio for IWN?

The expense ratio for the iShares Russell 2000 Value ETF (IWN) is 0.24%. This means that for every $10,000 invested in the fund, $24 is used to cover the fund's operating expenses annually.

While this is not the lowest expense ratio available in the equity ETF universe, it is lower than the category average of 0.44%.

What are the top holdings in IWN?

As of 2026-03-15, the top holdings in the iShares Russell 2000 Value ETF (IWN) are: 1) EchoStar Corp Class A (SATS) at 1.05%, 2) Hecla Mining Co (HL) at 0.81%, 3) TTM Technologies Inc (TTMI) at 0.71%, 4) Coeur Mining…

Inc (CDE) at 0.58%, and 5) Fluor Corp (FLR) at 0.56%.

Is IWN a good long-term investment?

Whether IWN is a suitable long-term investment depends on an individual's investment goals, risk tolerance, and time horizon. IWN provides exposure to small-cap value stocks, which can offer potential for long-term growth but also carry higher volatility.

The fund's expense ratio of 0.24% is relatively low, which can help to preserve returns over time.

How does IWN compare to similar ETFs?

IWN competes with other ETFs that focus on small-cap value stocks. One key differentiator is its size; with $12.21 billion in AUM, IWN is among the largest in its category, which can translate to higher liquidity and tighter bid-ask spreads.

In terms of expense ratio, IWN's 0.24% is competitive.

Does IWN pay dividends?

Yes, the iShares Russell 2000 Value ETF (IWN) does pay dividends. As of 2026-03-15, the fund has a dividend yield of 1.10%. This means that investors can expect to receive approximately 1.10% of their investment in annual dividend payments.

The dividend yield can fluctuate based on the performance of the underlying holdings and the fund's distribution policy. Dividends are typically paid quarterly, but this can vary.