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iShares Russell 2500 ETF
ETF
SMMD
Payout Change
Pending
Price as of:
$60.49
-0.48
-0.79%
primary theme
U.S. Small-Cap Blend Equity
SMMD (ETF)
iShares Russell 2500 ETF
Payout Change
Pending
Price as of:
$60.49
-0.48
-0.79%
primary theme
U.S. Small-Cap Blend Equity
SMMD (ETF)
iShares Russell 2500 ETF
Payout Change
Pending
Price as of:
$60.49
-0.48
-0.79%
primary theme
U.S. Small-Cap Blend Equity
Name
As of 04/17/2024Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
Vitals
YTD Return
-1.5%
1 yr return
12.2%
3 Yr Avg Return
-0.9%
5 Yr Avg Return
7.7%
Net Assets
$1.01 B
Holdings in Top 10
51.8%
52 WEEK LOW AND HIGH
$61.0
$50.46
$65.61
Expenses
OPERATING FEES
Expense Ratio 0.23%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 12.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
N/A
IRA
N/A
Fund Classification
Fund Type
Exchange Traded Fund
Name
As of 04/17/2024Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
SMMD - Profile
Distributions
- YTD Total Return -1.5%
- 3 Yr Annualized Total Return -0.9%
- 5 Yr Annualized Total Return 7.7%
- Capital Gain Distribution Frequency N/A
- Net Income Ratio 1.22%
- Dividend Yield 1.7%
- Dividend Distribution Frequency Quarterly
Fund Details
-
Legal NameiShares Russell 2500 ETF
-
Fund Family NameBlackRock-advised Funds
-
Inception DateJul 06, 2017
-
Shares Outstanding7300000
-
Share ClassN/A
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerGreg Savage
Fund Description
The Fund seeks to track the investment results of the Russell 2500TM Index (the “Underlying Index”), which measures the performance of the small- to mid-capitalization sector of the U.S. equity market, as defined by FTSE Russell (the
“Index Provider” or “Russell”). The Underlying Index is a subset of the Russell 3000 Index, which measures the performance of the broad U.S. equity market, as defined by Russell. The Underlying Index is a float-adjusted capitalization-weighted index of equity securities issued by approximately 2,416 of the smallest issuers in the Russell 3000 Index. As of March 31, 2023, the Underlying Index represented approximately 13% of the total market capitalization of the Russell 3000 Index. As of March 31, 2023, a significant portion of the Underlying Index is represented by securities of companies in the consumer discretionary and industrials industries or sectors. The components of the Underlying Index are likely to change over time.
Currently, the Fund seeks to achieve its investment objective by investing a substantial portion of its assets in the Underlying Fund. However, BFA is not required to invest any portion, or any particular percentage, of the Fund's assets in the Underlying Fund.
BFA uses an indexing approach to try to achieve the Fund’s investment objective. Unlike many investment companies, the Fund does not try to “beat” the index it tracks and does not seek temporary defensive positions
when markets decline or appear overvalued.
Indexing may eliminate the chance that the Fund will substantially outperform the Underlying Index but also may reduce some of the risks of active management, such as poor security selection. Indexing seeks to achieve lower costs and better after-tax performance by aiming to keep portfolio turnover low in comparison to actively managed investment companies.
BFA uses a representative sampling indexing strategy to manage the Fund and the Underlying Fund. “Representative sampling” is an indexing strategy that involves investing in a representative sample of securities that collectively has an investment profile similar to that of an applicable underlying index. The securities selected are expected to have, in the aggregate, investment characteristics (based on factors such as market capitalization and industry weightings), fundamental characteristics (such as return variability and yield) and liquidity measures similar to those of an applicable underlying index. The Fund may or may not hold all of the securities in the applicable Underlying Index.
The Fund generally will invest at least 80% of its assets in the component securities of its Underlying Index and in investments that have economic characteristics that are substantially identical to the component securities of its Underlying Index and may invest up to 20% of its assets in certain futures, options and swap contracts, cash and cash equivalents, including shares of money market funds advised by BFA or its affiliates, as well as in securities not included in the Underlying Index, but which BFA believes will help the Fund
track the Underlying Index. Cash and cash equivalent investments associated with a derivative position will be treated as part of that position for the purposes of calculating the percentage of investments included in the Underlying Index. The Fund seeks to track the investment results of the Underlying Index before fees and expenses of the Fund.
The Fund may lend securities representing up to one-third of the value of the Fund's total assets (including the value of any collateral received).
The Underlying Index is sponsored by Russell, which is part of the London Stock Exchange Group and is independent of the Fund and BFA. Russell determines the composition and relative weightings of the securities in the Underlying Index and publishes information regarding the market value of the Underlying Index.
Industry Concentration Policy. The Fund will concentrate its investments i.e., hold 25% or more of its total assets) in a particular industry or group of industries to approximately the same extent that the Underlying Index is concentrated. For purposes of this limitation, securities of the U.S. government (including its agencies and instrumentalities) and repurchase agreements collateralized by U.S. government securities are not considered to be issued by members of any industry.
SMMD - Performance
Return Ranking - Trailing
| Period | SMMD Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | -1.5% | -11.5% | 15.0% | 45.13% |
| 1 Yr | 12.2% | -15.9% | 43.0% | 35.92% |
| 3 Yr | -0.9%* | -10.6% | 37.4% | 50.83% |
| 5 Yr | 7.7%* | -14.4% | 30.0% | 34.25% |
| 10 Yr | N/A* | -3.0% | 16.4% | 53.51% |
* Annualized
Return Ranking - Calendar
| Period | SMMD Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 15.9% | -49.6% | 29.0% | 29.68% |
| 2022 | -19.9% | -59.3% | 118.2% | 40.07% |
| 2021 | 16.9% | -31.6% | 39.3% | 20.92% |
| 2020 | 17.9% | -51.0% | 39.5% | 15.07% |
| 2019 | 26.0% | -16.9% | 37.8% | 9.04% |
Total Return Ranking - Trailing
| Period | SMMD Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | -1.5% | -11.5% | 15.0% | 45.13% |
| 1 Yr | 12.2% | -15.9% | 43.0% | 35.92% |
| 3 Yr | -0.9%* | -10.6% | 37.4% | 50.83% |
| 5 Yr | 7.7%* | -14.4% | 30.0% | 34.25% |
| 10 Yr | N/A* | -3.0% | 16.4% | N/A |
* Annualized
Total Return Ranking - Calendar
| Period | SMMD Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 17.7% | -21.7% | 31.8% | 30.94% |
| 2022 | -18.5% | -45.2% | 123.7% | 67.33% |
| 2021 | 18.3% | 0.0% | 47.7% | 76.88% |
| 2020 | 20.0% | -50.5% | 46.9% | 14.88% |
| 2019 | 28.0% | -12.6% | 43.7% | 18.07% |
SMMD - Holdings
Concentration Analysis
| SMMD | Category Low | Category High | SMMD % Rank | |
|---|---|---|---|---|
| Net Assets | 1.01 B | 529 K | 145 B | 31.63% |
| Number of Holdings | 508 | 2 | 2519 | 23.55% |
| Net Assets in Top 10 | 506 M | 104 K | 9.83 B | 10.19% |
| Weighting of Top 10 | 51.77% | -2849.0% | 100.5% | 2.82% |
Top 10 Holdings
- iShares Russell 2000 ETF 42.44%
- BlackRock Cash Funds: Institutional, SL Agency Shares 6.73%
- PulteGroup, Inc. 0.37%
- Builders FirstSource, Inc. 0.35%
- PTC, Inc. 0.34%
- CBOE Global Markets, Inc. 0.32%
- FactSet Research Systems, Inc. 0.31%
- Axon Enterprise, Inc. 0.31%
- Entegris, Inc. 0.30%
- Hubbell, Inc. 0.30%
Asset Allocation
| Weighting | Return Low | Return High | SMMD % Rank | |
|---|---|---|---|---|
| Stocks | 57.37% | -565235.00% | 108.16% | 98.59% |
| Cash | 6.82% | 0.00% | 565934.00% | 11.78% |
| Other | 0.01% | -598.74% | 39.24% | 37.79% |
| Preferred Stocks | 0.00% | 0.00% | 7.53% | 51.49% |
| Convertible Bonds | 0.00% | 0.00% | 3.17% | 49.47% |
| Bonds | 0.00% | -2.00% | 74.53% | 52.02% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | SMMD % Rank | |
|---|---|---|---|---|
| Industrials | 16.10% | 2.46% | 37.42% | 57.02% |
| Technology | 15.02% | 0.00% | 54.70% | 37.66% |
| Financial Services | 14.37% | 0.00% | 35.52% | 73.18% |
| Consumer Cyclical | 11.73% | 0.99% | 47.79% | 37.48% |
| Healthcare | 11.53% | 0.00% | 26.53% | 63.06% |
| Real Estate | 9.83% | 0.00% | 29.43% | 14.56% |
| Energy | 7.25% | 0.00% | 37.72% | 25.22% |
| Basic Materials | 5.11% | 0.00% | 18.66% | 42.45% |
| Consumer Defense | 3.67% | 0.00% | 18.87% | 67.14% |
| Utilities | 2.91% | 0.00% | 18.58% | 38.90% |
| Communication Services | 2.48% | 0.00% | 14.85% | 54.17% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | SMMD % Rank | |
|---|---|---|---|---|
| US | 57.37% | -565235.00% | 108.16% | 98.42% |
| Non US | 0.00% | 0.00% | 94.14% | 59.93% |
SMMD - Expenses
Operational Fees
| SMMD Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 0.23% | 0.01% | 38.45% | 92.58% |
| Management Fee | 0.15% | 0.00% | 1.50% | 7.41% |
| 12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
| Administrative Fee | N/A | 0.01% | 0.45% | N/A |
Sales Fees
| SMMD Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | N/A | 3.50% | 5.75% | N/A |
| Deferred Load | N/A | 1.00% | 5.00% | N/A |
Trading Fees
| SMMD Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | N/A | 1.00% | 2.00% | N/A |
Related Fees
Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.
| SMMD Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 12.00% | 1.00% | 314.00% | 5.76% |
SMMD - Distributions
Dividend Yield Analysis
| SMMD | Category Low | Category High | SMMD % Rank | |
|---|---|---|---|---|
| Dividend Yield | 1.65% | 0.00% | 44.03% | 38.31% |
Dividend Distribution Analysis
| SMMD | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Quarterly | Annual | SemiAnnual | Annual |
Net Income Ratio Analysis
| SMMD | Category Low | Category High | SMMD % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 1.22% | -2.40% | 2.49% | 5.68% |
Capital Gain Distribution Analysis
| SMMD | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Semi-Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Mar 27, 2024 | $0.164 | OrdinaryDividend |
| Dec 27, 2023 | $0.250 | OrdinaryDividend |
| Oct 02, 2023 | $0.283 | OrdinaryDividend |
| Jun 13, 2023 | $0.166 | OrdinaryDividend |
| Mar 29, 2023 | $0.188 | OrdinaryDividend |
| Dec 19, 2022 | $0.216 | OrdinaryDividend |
| Sep 30, 2022 | $0.405 | OrdinaryDividend |
| Jun 15, 2022 | $0.166 | OrdinaryDividend |
| Mar 30, 2022 | $0.164 | OrdinaryDividend |
| Dec 17, 2021 | $0.218 | OrdinaryDividend |
| Sep 30, 2021 | $0.249 | OrdinaryDividend |
| Jun 16, 2021 | $0.120 | OrdinaryDividend |
| Mar 31, 2021 | $0.157 | OrdinaryDividend |
| Dec 18, 2020 | $0.250 | OrdinaryDividend |
| Sep 29, 2020 | $0.201 | OrdinaryDividend |
| Jun 19, 2020 | $0.126 | OrdinaryDividend |
| Mar 31, 2020 | $0.169 | OrdinaryDividend |
| Jan 06, 2020 | $0.032 | ExtraDividend |
| Dec 20, 2019 | $0.172 | OrdinaryDividend |
| Sep 30, 2019 | $0.209 | OrdinaryDividend |
| Jun 21, 2019 | $0.151 | OrdinaryDividend |
| Mar 26, 2019 | $0.159 | OrdinaryDividend |
| Oct 02, 2018 | $0.140 | OrdinaryDividend |
| Jul 10, 2018 | $0.172 | OrdinaryDividend |
| Mar 28, 2018 | $0.107 | OrdinaryDividend |
| Dec 28, 2017 | $0.193 | OrdinaryDividend |
| Sep 29, 2017 | $0.104 | OrdinaryDividend |
SMMD - Fund Manager Analysis
Managers
Greg Savage
Start Date
Tenure
Tenure Rank
Jul 06, 2017
4.9
4.9%
Greg Savage, Managing Director; has been associated with BlackRock Fund Advisors since 2009. Mr. Savage has been a senior portfolio manager for BFA and BTC since 2009. Prior to his employment with BFA and BTC, Mr. Savage was a senior portfolio manager from 2006 to 2009 for BGFA and BGI and a portfolio manager from 2001 to 2006 for BGFA and BGI.
Jennifer Hsui
Start Date
Tenure
Tenure Rank
Jul 06, 2017
4.9
4.9%
Jennifer Hsui, Managing Director & Portfolio Manager at BlackRock Investment Management LLC has been employed by BlackRock Fund Advisors as a senior portfolio manager since 2007. Prior to that, Ms. Hsui was a portfolio manager from 2006 to 2007 for BGFA. She was a research analyst for RBC Capital Markets from 2003 to 2006.
Amy Whitelaw
Start Date
Tenure
Tenure Rank
Aug 01, 2018
3.83
3.8%
Amy Whitelaw is Managing Director of BlackRock, Inc. since 2013 and was Director of the firm from 2009 to 2012. Ms. Whitelaw's service with the firm dates back to 1998, including her years with Barclays Global Investors (BGI), which merged with BlackRock in 2009. Ms. Whitelaw served as Principal of BGI from 2000 to 2009. Previously Ms. Whitelaw worked in the Transition Services group as a transition manager and strategist, and was also an international equity trader on BGI’s trading desk.
Paul Whitehead
Start Date
Tenure
Tenure Rank
Jan 01, 2022
0.41
0.4%
Paul Whitehead is responsible for supporting the day-to-day management of the MML Blend Fund’s portfolio, including setting the Fund’s overall investment strategy and overseeing the management of the Fund. Mr. Whitehead is a Managing Director of BlackRock, Inc., Co-Head of Index Equity, and Co-Head of BlackRock’s ETF and Index Investments business. Mr. Whitehead also oversees the management of BlackRock’s Institutional and iShares funds. Mr. Whitehead was previously the Global Head of Equity Trading and the Global Head of Transition Management within BlackRock’s Global Trading Group. Mr. Whitehead’s service with the firm dates back to 1996, including his years with Barclays Global Investors, which merged with BlackRock in 2009. Prior to his current role, Mr. Whitehead was Head of Americas Equity Trading. Previously, he managed the trading team responsible for all Institutional Index funds, Exchange Traded funds, and Transition Management mandates. Mr. Whitehead represents BlackRock on the board of Luminex, a buy-side owned Alternative Trading System launched in 2015.
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.08 | 49.61 | 7.05 | 2.58 |
