IShares Russell 3000 ETF IWV is an affordable option for broad exposure to the U.S. stock market. It tracks the Russell 3000 Index, which offers a diversified portfolio that nearly captures the entirety of the U.S. stock market. Its competitive expense ratio allows the strategy to enjoy a durable competitive advantage over its Morningstar Category peers. However, the index fails to mitigate turnover among its smallest constituents, which can raise the trading cost for the fund. This limits its Morningstar Analyst Rating to Bronze.
Will IWV outperform in future?
Get our overall rating based on a fundamental assessment of the pillars below.
The Process Pillar is our assessment of how sensible, clearly defined, and repeatable IWV’s performance objective and investment process is for both security selection and portfolio construction.
The People Pillar is our evaluation of the IWV management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.
The Parent Pillar is our rating of IWV’s parent organization’s priorities and whether they’re in line with investors’ interests.