“An investment in SMMD can be used to complement large-cap holdings and increase diversification,” according to iShares.
Related: WisdomTree Joins the Multi-Factor, Smart Beta ETF Fracas
The Russell 2500 Index is made up of 46.8% mid-caps, 38.4% small-caps and 14.4% micro-caps.
Sector allocations include a hefty tilt toward financials 51.8%, along with industrials 9.2%, information technology 8.5%, consumer discretionary 7.5%, real estate 6.3%, health care 5.4%, materials 4.0%, energy 2.6%, utilities 2.2% and consumer staples 1.9%.
Top holdings include Alaska Air Group 0.3%, Advanced Micro Devices 0.3%, Alexandria Real Estate Equities 0.3%, Cooper Inc. 0.3% and E Trade Financial Corp 0.2%.
For more information on new fund products, visit our new ETFs category.