Overview
Tracks the Russell Midcap Growth Index — US mid-cap companies with above-average growth forecasts and sales growth, the sweet spot between small-cap risk and large-cap saturation.
Top Holdings
| Ticker | Holding | Weight |
|---|---|---|
| APP | AppLovin Corp. | 3.9% |
| PLTR | Palantir Technologies | 3.4% |
| AXON | Axon Enterprise | 2.6% |
| HOOD | Robinhood Markets | 2.3% |
| TT | Trane Technologies | 2.2% |
| CVNA | Carvana Co. | 2.1% |
| DASH | DoorDash Inc. | 2.0% |
| MSTR | Strategy Inc. | 1.8% |
| WSM | Williams-Sonoma | 1.5% |
| URI | United Rentals | 1.5% |
Fund Details
Investment Thesis
Mid-cap growth is where future large caps come from — AppLovin, Palantir and Axon all graduated through this index. IWP owns the cohort systematically rather than betting on which one makes it. The trade-off is volatility: the segment crashed harder than large caps in 2022 and its trailing year has lagged as mega-caps dominated, which contrarians read as an entry point.
Who It's For
Growth investors looking beyond the Magnificent Seven for the next tier of compounders, with the patience to hold a segment that swings harder than the S&P 500 in both directions. Pairs naturally with a large-cap core.
10-Year History
| Year | Close | % Chg |
|---|---|---|
| 2016 | $43.03 | -- |
| 2017 | $53.36 | +24.0% |
| 2018 | $50.16 | -6.0% |
| 2019 | $66.71 | +33.0% |
| 2020 | $90.05 | +35.0% |
| 2021 | $100.86 | +12.0% |
| 2022 | $72.62 | -28.0% |
| 2023 | $90.77 | +25.0% |
| 2024 | $108.93 | +20.0% |
| 2025 | $122.00 | +12.0% |
| Year | Yield |
|---|---|
| 2016 | 0.70% |
| 2017 | 0.60% |
| 2018 | 0.70% |
| 2019 | 0.60% |
| 2020 | 0.40% |
| 2021 | 0.30% |
| 2022 | 0.50% |
| 2023 | 0.50% |
| 2024 | 0.40% |
| 2025 | 0.30% |
| Year | AUM | % Chg |
|---|---|---|
| 2016 | $7B | -- |
| 2017 | $9B | +28.6% |
| 2018 | $8B | -11.1% |
| 2019 | $12B | +50.0% |
| 2020 | $17B | +41.7% |
| 2021 | $18B | +5.9% |
| 2022 | $12B | -33.3% |
| 2023 | $15B | +25.0% |
| 2024 | $18B | +20.0% |
| 2025 | $21B | +16.7% |
Historical figures are ETFHub estimates modelled from asset-class return patterns and may differ from official fund records. Data as of August 2026.
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