# iShares Russell Small/Mid-Cap Idx Inv A (BSMAX): Mutual Fund Facts & Distributions > Markdown mirror of https://www.dividenddata.com/funds/bsmax for AI agents. Same live data as the HTML page, regenerated on the same refresh cycle. Not investment advice. - Issuer: BlackRock · Asset class: Equity - Strategy: Passive Index · Inception: 2015-08-13 The fund's primary objective is to mirror the investment returns of the Russell 2500™ Index. This index specifically tracks the performance of U.S. companies with small to medium market capitalizations, a category frequently referred to as "smid-cap" within the American equity landscape. Notably, the Russell 2500™ Index is derived from the larger Russell 3000® Index. To achieve its goal, the fund typically allocates at least 90% of its total assets—including any funds obtained through borrowing for investment purposes—to securities that comprise its benchmark index. ## Key Facts | Metric | Value | |---|---| | Price | $21.07 | | Expense Ratio | 0.37% | | Assets Under Management | $1.36B | | NAV | $20.91 | | Holdings Count | 2464 | | Distribution Yield (TTM) | 2.60% | | Annual Distribution (TTM) | $0.55 /share | | Distribution Frequency | Quarterly | | 52-Week Range | $17.31 – $22.72 | | Beta | 1.09 | ## Latest Distribution - Amount: $0.0573 /share - Ex-date: 2026-10-14 - Pay date: 2026-10-15 ## Frequently Asked Questions ### What does BSMAX invest in? The fund's primary objective is to mirror the investment returns of the Russell 2500™ Index. This index specifically tracks the performance of U.S. companies with small to medium market capitalizations, a category frequently referred to as "smid-cap" within the American equity landscape. Notably, the Russell 2500™ Index is derived from the larger Russell 3000® Index. To achieve its goal, the fund typically allocates at least 90% of its total assets—including any funds obtained through borrowing for investment purposes—to securities that comprise its benchmark index. ### What is the expense ratio of BSMAX? iShares Russell Small/Mid-Cap Idx Inv A (BSMAX) charges an expense ratio of 0.37%. This is the annual fee deducted from fund assets to cover management and operations. ### How big is BSMAX? iShares Russell Small/Mid-Cap Idx Inv A (BSMAX) manages $1.36B in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure. Funds below ~$50M are at higher risk of liquidation. ### Is BSMAX actively managed or an index fund? BSMAX is a passive index fund. It tracks a published benchmark by holding the constituents in their published weights. Index funds typically charge low expense ratios (BSMAX's is 0.37%) because there's no security selection cost. ### When was BSMAX launched? iShares Russell Small/Mid-Cap Idx Inv A (BSMAX) launched in August 2015 and is managed by BlackRock. ### How has BSMAX performed? BSMAX's total return (price change plus reinvested distributions) is charted at the top of this page. Switch the price chart to Total Return and pick a 1-year, 3-year, 5-year, or 10-year window to read the compound annual growth rate (CAGR) over each horizon. ### Does BSMAX pay a dividend? iShares Russell Small/Mid-Cap Idx Inv A (BSMAX) currently distributes little or no income. Trailing-twelve-month yield is 2.60%. Investors looking for income should consider income-focused alternatives. See the Peers tab. ### How often does BSMAX pay dividends? iShares Russell Small/Mid-Cap Idx Inv A pays dividends Quarterly. Each ex-dividend date, record date, and payment date is listed in the dividend history table on this page. ### What is BSMAX's dividend yield? BSMAX's trailing-twelve-month yield is 2.60%, calculated from the sum of dividends over the past year divided by the current price. ### When is BSMAX's next ex-dividend date? The most recently announced ex-dividend date for BSMAX was 2026-10-14. The next ex-date typically follows Quarterly; once announced it appears at the top of the dividend history table on this page. ### How much will BSMAX's expense ratio cost me over 30 years? On a $10,000 investment compounding at 7% gross return, a 0.37% expense ratio quietly compounds against your balance every year. The Fee Compounding Forecast card above projects the dollar drag for any holding period and assumption you pick. The typical result for a 1.0% expense ratio on a 30-year hold is roughly 25% of the final balance lost to fees. ### How does BSMAX charge its expense ratio? The expense ratio is deducted in tiny daily slices from BSMAX's net asset value (NAV). You never see a bill. The price quoted on every exchange is already net of fees. There's no "fee day" to avoid; the cost is continuous and built into the trading price. ### Why does BSMAX cost more than a fund like VOO? BSMAX is a passive index fund (current expense ratio 0.37%). Differences from broad-market ETFs like VOO usually come from index licensing fees, asset class (bond funds typically run cheaper than equity), or fund scale (smaller funds spread fixed operating costs across less AUM). ### Are there cheaper alternatives to BSMAX? The Lower-Fee Alternatives card above lists mutual funds following the same investment strategy as BSMAX (0.37%) but at a lower expense ratio. Each row shows the fee gap, the peer's AUM as a liquidity sanity-check, and a direct link to that fund's analysis page. Cheaper price doesn't automatically mean better. Verify the peer holds what you actually want. ## More on Dividend Data - Overview (HTML): https://www.dividenddata.com/funds/bsmax - Distribution history: https://www.dividenddata.com/funds/bsmax/dividend - Holdings & diversification: https://www.dividenddata.com/funds/bsmax/diversification - Fees & cheaper alternatives: https://www.dividenddata.com/funds/bsmax/expenses - Peer comparison: https://www.dividenddata.com/funds/bsmax/peers Data sourced from primary filings and market data providers; see https://www.dividenddata.com/methodology.