IWP ETF — Holdings & Analysis

With an expense ratio of 0.23%, IWP provides exposure to a diverse portfolio of 279 holdings, primarily focused on the industrials, consumer cyclical, and technology sectors. Its focus on mid-cap growth companies differentiates it, offering investors a targeted approach within the broader equity market.

iShares Russell Mid-Cap Growth ETF (IWP) ETF — Price, Holdings & Analysis

The iShares Russell Mid-Cap Growth ETF (IWP) is a $19.21 billion fund seeking to track the investment results of the Russell Mid-Cap Growth Index, composed of mid-capitalization U.S. equities exhibiting growth characteristics. With an expense ratio of 0.23%, IWP provides exposure to a diverse portfolio of 279 holdings, primarily focused on the industrials, consumer cyclical, and technology sectors. Its focus on mid-cap growth companies differentiates it, offering investors a targeted approach within the broader equity market.

ETF Overview

The iShares Russell Mid-Cap Growth ETF seeks to track the investment results of an index composed of mid-capitalization U.S. equities that exhibit growth characteristics.

IWP aims to capture the performance of mid-sized U.S. companies that demonstrate growth potential. The ETF tracks the Russell Mid-Cap Growth Index, selecting companies based on factors such as earnings growth and price-to-book ratio. This strategy results in a portfolio heavily weighted towards the industrials (22.7%), consumer cyclical (21.9%), and technology (18.8%) sectors. Top holdings include Howmet Aerospace Inc (3.55%), Vertiv Holdings Co Class A (3.27%), and Royal Caribbean Group (2.66%). IWP provides a focused approach to investing in mid-cap growth stocks, potentially offering higher growth opportunities compared to broad market ETFs, but also carrying increased risk due to its concentrated sector allocations. Investors seeking exposure to the mid-cap growth segment of the U.S. equity market may find IWP a suitable option.

Risk Metrics

IWP's risk profile is influenced by its focus on mid-cap growth stocks and sector concentrations. The fund's beta of 1.31 indicates higher volatility compared to the overall market. The significant allocation to industrials and consumer cyclical sectors exposes the ETF to sector-specific risks and economic cycles. While the expense ratio of 0.23% is relatively low, it still represents a cost that can slightly detract from overall returns. The fund's concentration in its top holdings, with Howmet Aerospace Inc representing 3.55% of the portfolio, also introduces concentration risk. these may be worth researching factors and their own risk tolerance before investing in IWP. Past performance does not guarantee future results.

Expense Ratio

0.23%

What does IWP hold?

Holding	Weight
Howmet Aerospace Inc (HWM)	3.55%
Vertiv Holdings Co Class A (VRT)	3.27%
Royal Caribbean Group (RCL)	2.66%
Hilton Worldwide Holdings Inc (HLT)	2.40%
Cencora Inc (COR)	2.30%
Quanta Services Inc (PWR)	2.17%
Vistra Corp (VST)	1.98%
Cloudflare Inc (NET)	1.82%
Monolithic Power Systems Inc (MPWR)	1.78%
IDEXX Laboratories Inc (IDXX)	1.76%

How Is the Fund Allocated?

Sector	Weight
Industrials	22.7%
Consumer Cyclical	21.9%
Technology	18.8%
Healthcare	14.9%
Financial Services	6.7%
Communication Services	4.5%
Energy	3.6%
Utilities	3.1%
Consumer Defensive	1.8%
Real Estate	1.4%
Basic Materials	0.5%
Cash & Others	0.0%

Country	Weight
United States	97.8%
Canada	0.9%
Bermuda	0.5%
Switzerland	0.3%
United Kingdom	0.3%
Other	0.1%
Ireland	0.1%
Kazakhstan	0.1%
Puerto Rico	0.0%
Brazil	0.0%

Dividend Yield

0.24%

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
iShares MSCI EAFE ETF (EFA) — 0.32% 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: 1.31

Questions & Answers

What is IWP and what does it track?

The iShares Russell Mid-Cap Growth ETF (IWP) is an exchange-traded fund that aims to replicate the performance of the Russell Mid-Cap Growth Index. This index is composed of mid-capitalization U.S. equities that exhibit growth characteristics.

IWP provides investors with exposure to a diversified portfolio of 279 mid-cap growth stocks, allowing them to participate in the potential growth of these companies.

What is the expense ratio for IWP?

The expense ratio for IWP is 0.23%. This means that for every $10,000 invested in the fund, investors will pay $23 in annual fees to cover the fund's operating expenses.

While there isn't a definitive category average available in the provided data, the expense ratio is a factor to consider when comparing IWP to other similar ETFs.

What are the top holdings in IWP?

As of 2026-03-15, the top holdings in IWP are: 1) Howmet Aerospace Inc (HWM) at 3.55%, 2) Vertiv Holdings Co Class A (VRT) at 3.27%, 3) Royal Caribbean Group (RCL) at 2.66%, 4) Hilton Worldwide Holdings Inc (HLT) at 2.40%,…

and 5) Cencora Inc (COR) at 2.30%.

Is IWP a good long-term investment?

Whether IWP is a suitable long-term investment depends on an investor's individual circumstances, risk tolerance, and investment goals.

The fund's focus on mid-cap growth stocks offers the potential for capital appreciation, but also carries higher volatility, as reflected in its beta of 1.31.

How does IWP compare to similar ETFs?

IWP competes with other ETFs that focus on mid-cap growth stocks. Key factors to compare include expense ratios, assets under management (AUM), and investment strategies. IWP has an expense ratio of 0.23% and an AUM of $19.21 billion.

Other ETFs may track different indexes or employ different weighting methodologies, which can impact their performance and risk characteristics.

Does IWP pay dividends?

Yes, IWP does pay dividends. As of 2026-03-15, the fund has a dividend yield of 0.24%. This means that for every $100 invested in the fund, investors can expect to receive $0.24 in annual dividend payments.

The dividend yield is relatively low compared to other dividend-focused ETFs, as IWP's primary objective is capital appreciation through growth stocks.