Assets : $12.0 billion.
Objective : The iShares Russell 1000 Value Index Fund tries to reflect the performance of the Russell 1000 Value Index, which tracks the large-cap value sector of the U.S. equity market.
What You Should Know :
- BlackRock ’s iShares sponsors the fund.
- IWD has an expense ratio of 0.2%.
- The fund holds 658 securities, with the top ten components making up 24.1% of the overall portfolio.
- Sector allocations include: financial services 27.7%, health care 12.3%, utilities 11.5%, energy 11.3%, consumer discretionary 10.2%, producer discretionary 9.1%, technology 7.6%, consumer staples 7.4%, materials 2.7%, S-T securities 0.1% and other 0.2%.
- The ETF has a 30-day SEC yield of 2.18%.
- The fund is down 1.8% over the past month, up 6.0% over the last three months and up 9.2% year-to-date.
- IWD is 4.5% over its 200-day exponential moving average. [An ETF Trend-Following Plan for All Seasons]
- “IWD provides investors with the deeper value, potentially higher-returning half of the U.S. large-cap market in a single inexpensive and broadly diversified exchange-traded fund,” according to Morningstar analyst Michael Rawson.
- “Although decades of academic research suggest that value stocks provide higher returns than growth stocks over the long term, do not expect steady or large outperformance from this fund,” Rawson added.
The Latest News :
- All three major U.S. stock indices declined Wednesday, following reports over bad loans from Spanish bankers, reports Christina Rexrode for the Associated Press.
- Over the past few weeks, U.S. stock movements have been tied to negative factors coming out of Europe.
- In the first 11 trading days of the second quarter, the Dow has dropped by triple-digits four times already.
- “One headline can get you to change your mind,” Gary Flam, portfolio manager at Bel Air Investment Advisors, said in the article. “When you go from one day being concerned about Spain to the next day, ‘Oh, they had a good auction,’ that’s a lack of conviction.”
- “We don’t have clarity there, we don’t know what’s going to happen, and we don’t know if things don’t go our way what the ramifications will be,” Mike Schenk, senior economist at the Credit Union National Association said. “You and I and the rest of the investment world will continue to worry about uncertainty and volatility for a good while.”
iShares Russell 1000 Value ETF
For past stories in this series, visit our ETF Spotlight category.
Max Chen contributed to this article.