Key stats
About iShares Microcap ETF
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Inception date
Aug 12, 2005
Structure
Open-Ended Fund
Dividend treatment
Distributes
Distribution tax treatment
Qualified dividends
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
BlackRock Fund Advisors
Distributor
BlackRock Investments LLC
IWC takes a plain vanilla, market-cap-weighted view of the micro-cap segment. The underlying index selects 1000 of the smallest from the Russell 2000 Index. From our perspective, however, it skews large, putting a lot of weight in companies we consider small-caps. Its beta indicates that the fund is relatively volatile compared with the broad US micro-cap market. Still, it provides decent coverage of the space overall. Holdings costs are likely to be lower than the stated expense ratio, thanks to smart portfolio management that tends to recover a sizeable chunk. A solid choice for this hard to reach area of the market.
Classification
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
Finance
Health Technology
Stocks99.75%
Finance28.82%
Health Technology20.35%
Technology Services9.67%
Electronic Technology7.35%
Producer Manufacturing4.99%
Commercial Services4.64%
Consumer Services2.98%
Industrial Services2.57%
Retail Trade2.46%
Consumer Durables2.43%
Process Industries2.37%
Non-Energy Minerals2.05%
Energy Minerals1.82%
Distribution Services1.43%
Utilities1.31%
Transportation1.23%
Health Services1.22%
Consumer Non-Durables1.17%
Communications0.62%
Miscellaneous0.27%
Bonds, Cash & Other0.25%
Cash0.20%
Miscellaneous0.04%
Stock breakdown by region
North America98.78%
Europe0.54%
Latin America0.28%
Asia0.26%
Middle East0.14%
Africa0.00%
Oceania0.00%
Top 10 holdings
Dividends
Dividend payout history