iShares Russell 2500 ETF

iShares Trust · 1 share class

U.S. equity index ETF
One fund, 1 share class:SMMD
$3.62B NAV
519 positions · as of 2026-06-30 · filed 2026-08-25

Fund classification

Classified from what the fund holds · as of 2026 Q2

iShares Russell 2500 ETF is a U.S. equity index ETF that tracks the Russell 2500 Index. 20% of SMMD’s stock holdings are in companies whose revenue grew in the top quartile of U.S. companies over the last five fiscal years (covering 90% of the fund’s equity).

Asset class
Equity
Region
United States
Management
Index (passive)
Fund type
ETF
Features
Fund of funds

Fund profile

As filed in the prospectus · 2025 Q3

The iShares Russell 2500 ETF (the Fund ) seeks to track the investment results of an index composed of mid- and small-capitalization U.S. equities.

Strategy · summarised

The fund seeks to track the Russell 2500 Index, which comprises approximately 2,500 small- to mid-capitalization U.S. equities, by investing a substantial portion of its assets in an underlying fund rather than holding securities directly. It uses representative sampling, meaning it may not hold all index constituents but selects securities expected to have similar aggregate investment characteristics, market capitalization weightings, and liquidity to the index. Because the fund samples rather than fully replicates the index, its returns may diverge from those of the Russell 2500 Index.

Expenses
0.15%one share class
Share classGrossNet
SMMD0.23%0.15%

Net is what a holder pays after the adviser's contractual waiver; gross is before it. A waiver can expire.

Portfolio turnover 8.00% · as of 2025 Q3

Allocation

Asset groups · long / short shown separately, never netted · 2026 Q2

138.00%
of net assets
Stocks58.80%
Other40.99%
Cash & short-term38.21%
Derivatives0.00%

These positions come to 138.00% of the fund's net assets. This counts only what the fund reported holding — the holdings disclosure covers assets, not liabilities such as borrowings — so it is not expected to reconcile to 100%.

Derivatives are shown at market value, not notional exposure.

Sector allocation

The same holdings as Allocation above, grouped by market sector instead of asset type · as of 2026 Q2

100%
of net assets
Other29.7%
Cash27.7%
Industrials9.6%
Information Technology6.2%
10 smaller26.8%

Government, Securitized and Cash are non-corporate buckets; International is foreign holdings we don’t sector-classify, and Other is the residual (held funds, unresolved names).

Portfolio growth profile

How much of the fund’s stock holdings are in fast-growing companies · as of 2026 Q2

Revenue growth
20%of stock holdings in top-quartile growers
covering 90% of the fund’s equity

Share of the fund’s equity (by value) in companies whose trailing five-year revenue — or net-income — growth ranks in the top 25% of U.S. public companies. Foreign and newly-listed holdings are excluded, so the figure covers only part of the book. From SEC filings — not investment advice. How we measure this.

Latest quarter

What changed since the fund's previous filing

2026Q2 vs 2026Q1: 85 new64 exited

Largest new: STRL, IONQ, GH, TTMI, NXT, CDE, SITM, DY

Largest exited: SNDK, CIEN, LITE, FIX, COHR, INSM, EME, RKLB

Return profile

Total return as filed — price change plus distributions reinvested · trailing figures to Apr 2026

1-year
+39.99%
3-year
+63.25%
5-year
+39.43%
Volatility
13.73%
Worst 3-yr fall
-16.34%
Cumulative return· Jul 2023 – Apr 2026

May 2026 and Jun 2026 have been filed since the trailing figures were struck, so they are not in the table above or the curve — every figure here shares one cut-off, which is what makes them comparable with other funds.

Holdings

By % of NAV · equity positions carry filed share counts · every resolvable issuer links to its company page

Issuer%NAVValue
iShares Trust40.99%$1.49B
BlackRock Funds III38.07%$1.38B
MKS, Inc.MKSI0.40%$14.35M
Carpenter Technology Corp.CRS0.40%$14.32M
nVent Electric plc0.36%$13.11M
ATI, Inc.ATI0.35%$12.83M
MACOM Technology Solutions Holdings, Inc.MTSI0.34%$12.24M
Sterling Infrastructure, Inc.STRL0.34%$12.14M
Woodward, Inc.WWD0.34%$12.15M
F5, Inc.FFIV0.31%$11.32M
Showing 10 of 519Sign in to see more

Reported price is the fund's own reported value divided by its own reported shares at 2026-06-30 — not a live quote, and not what the fund paid.

Top 10 positions are 81.89% of net assets, top 25 86.02%, across 510 issuers.

See more of this fund's book

More positions with filed share counts, and the quarter-over-quarter change list rather than the largest few — free with an account, no card required.

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