iShares Small-Cap Growth ETF Reaches $901.2M AUM with 0.06% Expense Ratio
The iShares Morningstar Small-Cap Growth ETF has amassed $901.2 million in assets since its June 2004 launch and charges an annual expense ratio of just 0.06%, offering one of the lowest-cost entries to the U.S. small-cap growth segment. It holds its largest sector weight in Industrials at 26.8%, yields 0.58% annually, and has returned 5.32% year to date and 14.81% over the past 12 months.
1. Fund Overview
The iShares Morningstar Small-Cap Growth ETF launched on June 28, 2004, and has accumulated $901.2 million in assets under management. Sponsored by BlackRock, it seeks to track the Morningstar US Small Cap Broad Growth Extended Index, which comprises U.S. small-cap equities exhibiting growth characteristics.
2. Cost Structure and Yield
The fund carries an annual operating expense ratio of 0.06%, positioning it among the lowest-cost options for small-cap growth exposure. It also offers a trailing 12-month dividend yield of 0.58%, contributing modest income for investors.
3. Sector Exposure and Top Holdings
Industrials account for the largest sector allocation at 26.8%, followed by Information Technology and Healthcare. Its largest individual positions include Lumentum Holdings Inc at approximately 0.86% of assets, ATI Inc, and ITT Inc, with the top 10 holdings representing 5.41% of total assets.
4. Performance and Risk Metrics
Year to date, the ETF has gained 5.32% and has delivered a 14.81% return over the past twelve months, trading in a 52-week range of $39.44 to $59.90. It carries a beta of 1.11 and a three-year standard deviation of 20.14%, reflecting the volatility typical of growth-oriented small-cap equities across its roughly 976 holdings.