IWC

iShares Micro-Cap ETF
B

82
*Unless otherwise stated, data provided by FactSet.

IWC Fund Description

IWC tracks a market-cap-weighted index of U.S. micro-cap stocks. The index selects the smallest 1000 stocks in the Russell 2000 Index.

IWC Factset Analytics Insight

IWC offers size and liquidity in a segment where both of those elements are wanting. It takes a plain vanilla, market-cap-weighted view of the micro-cap segment. 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. The real draw for IWC is its liquidity: retail traders will find a fund that trades in high volume each day at thin spreads, and block liquidity is excellent for larger investors. The catch is that IWC charges a rather high, but competitive, fee for the micro-cap space. Holdings costs are likely to be lower, however, thanks to smart management that recovers a sizeable chunk of the fund's expense ratio.

IWC MSCI FaCS and Factor Box

MSCI FaCS is a standard method for evaluating and reporting the Factor characteristics of equity portfolios including ETFs. The Factor Box includes 6 Factors that MSCI has identified that historically provided a return premium. On the vertical axis, the Factor Groups, are displayed and the horizontal axis displays the Factor exposure, overweight, underweight or neutral.

IWC Charts And Performance

Price Chart ($)
Total Return Chart (%)
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Select ETFs to compare their performance:
PERFORMANCE [as of 10/17/19] 1 MONTH 3 MONTHS YTD 1 YEAR 3 YEARS 5 YEARS 10 YEARS
IWC -3.93% -3.20% 8.59% -9.84% 6.74% 6.56% 9.08%
IWC (NAV) -3.89% -3.21% 8.67% -9.81% 6.69% 6.52% 9.65%
Russell Microcap -3.90% -3.36% 8.59% -9.87% 6.76% 6.54% 9.65%
MSCI USA Micro Cap Index -4.09% -3.19% 9.92% -12.02% 6.08% 4.76% --
All returns over 1 year are annualized. All returns are total returns unless otherwise stated.

IWC Summary Data

Blackrock
iShares
08/12/05
Open-Ended Fund
0.60%
$777.17M
$2.76M
0.22%

IWC Portfolio Data

$490.09M
-11.62
1.55
1.17%
12/26/19
1397

IWC Index Data

Russell Microcap
Market Cap
Market Cap
MSCI USA Micro Cap Index

IWC Portfolio Management

0.60%
-0.07%
0.06%
-0.21%

IWC Tax Exposures

20.00% / 39.60%
--
Qualified dividends
No

IWC Fund Structure

Open-Ended Fund
No
Yes
72% / 29%
N/A
N/A
Low
Daily
Cboe Book Viewer
Top Of Book
Last 10 Trades
Bats BZX Real-time Quote -

IWC Factset Analytics Block Liquidity

As of 10/18/19
5
4
3
2
1

This measurement shows how easy it is to trade a $1 million USD block of IWC. IWC is rated a 5 out of 5.

IWC Tradability

31,198
$2.76M
22,436
$1.97M
0.22%
$0.19
-0.04%
0.51% / -0.49%
None
100.00%
50,000
0.45
0.07%
0.43%
149
$88.71
5

IWC Sector/Industry Breakdown


IWC
Segment Benchmark
29.51%
31.97%
22.86%
25.00%
11.59%
14.36%
11.22%
8.80%
11.21%
9.97%
5.03%
3.46%
3.30%
2.12%
2.69%
2.27%
1.67%
1.65%
0.92%
0.41%

IWC Countries


IWC
Segment Benchmark
99.76%
99.59%
0.24%
0.41%

IWC Regions


IWC
Segment Benchmark
100.00%
100.00%

IWC Economic Development


IWC
Segment Benchmark
100.00%
100.00%

IWC Performance Statistics

0.95
1.07
1.02
1.09
0.30%
MSCI USA Micro Cap Index

IWC Benchmark Comparison Holdings

1397
991
776
32.93%

IWC Benchmark Comparison Summary


IWC
Segment Benchmark
1397
991
$490.09M
$261.00M
-11.62
-7.93
1.55
1.52
1.45%
1.28%
Low
Low

IWC Benchmark Comparison Market Cap Size


IWC
Segment Benchmark
0.00%
0.00%
0.00%
0.00%
32.03%
4.38%
67.97%
95.62%

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