# iShares Russell Top 200 ETF (IWL): ETF Facts & Distributions > Markdown mirror of https://www.dividenddata.com/funds/iwl for AI agents. Same live data as the HTML page, regenerated on the same refresh cycle. Not investment advice. - Issuer: IShares · Asset class: Equity - Strategy: Passive Index · Inception: 2009-09-22 iShares Trust - iShares Russell Top 200 ETF is an exchange traded fund launched by BlackRock, Inc. The fund is managed by BlackRock Fund Advisors. The fund invests in public equity markets of the United States. The fund invests in stocks of companies operating across diversified sectors. The fund invests in growth and value stocks of large-cap companies. The fund seeks to track the performance of the Russell Top 200 Index, by using representative sampling technique. iShares Trust - iShares Russell Top 200 ETF was formed on September 22, 2009 and is domiciled in the United States. ## Key Facts | Metric | Value | |---|---| | Price | $191.33 | | Expense Ratio | 0.15% | | Assets Under Management | $2.24B | | NAV | $189.88 | | Holdings Count | 201 | | Distribution Yield (TTM) | 0.83% | | Annual Distribution (TTM) | $1.60 /share | | Distribution Frequency | Quarterly | | 52-Week Range | $155.38 – $194.89 | | Beta | 1.02 | ## Latest Distribution - Amount: $0.4159 /share - Ex-date: 2026-09-15 - Pay date: 2026-09-18 ## Frequently Asked Questions ### What does IWL invest in? iShares Trust - iShares Russell Top 200 ETF is an exchange traded fund launched by BlackRock, Inc. The fund is managed by BlackRock Fund Advisors. The fund invests in public equity markets of the United States. The fund invests in stocks of companies operating across diversified sectors. The fund invests in growth and value stocks of large-cap companies. The fund seeks to track the performance of the Russell Top 200 Index, by using representative sampling technique. iShares Trust - iShares Russell Top 200 ETF was formed on September 22, 2009 and is domiciled in the United States. ### What is the expense ratio of IWL? iShares Russell Top 200 ETF (IWL) charges an expense ratio of 0.15%. This is the annual fee deducted from fund assets to cover management and operations. ### How big is IWL? iShares Russell Top 200 ETF (IWL) manages $2.24B 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 IWL actively managed or an index fund? IWL 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 (IWL's is 0.15%) because there's no security selection cost. ### When was IWL launched? iShares Russell Top 200 ETF (IWL) launched in September 2009 and is managed by IShares. ### How has IWL performed? IWL'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 IWL pay a dividend? iShares Russell Top 200 ETF (IWL) currently distributes little or no income. Trailing-twelve-month yield is 0.83%. Investors looking for income should consider income-focused alternatives. See the Peers tab. ### How often does IWL pay dividends? iShares Russell Top 200 ETF pays dividends Quarterly. Each ex-dividend date, record date, and payment date is listed in the dividend history table on this page. ### What is IWL's dividend yield? IWL's trailing-twelve-month yield is 0.83%, calculated from the sum of dividends over the past year divided by the current price. ### When is IWL's next ex-dividend date? The most recently announced ex-dividend date for IWL was 2026-09-15. 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 IWL's expense ratio cost me over 30 years? On a $10,000 investment compounding at 7% gross return, a 0.15% 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 IWL charge its expense ratio? The expense ratio is deducted in tiny daily slices from IWL'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 IWL cost more than a fund like VOO? IWL is a passive index fund (current expense ratio 0.15%). 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 IWL? The Lower-Fee Alternatives card above lists ETFs following the same investment strategy as IWL (0.15%) 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/iwl - Distribution history: https://www.dividenddata.com/funds/iwl/dividend - Holdings & diversification: https://www.dividenddata.com/funds/iwl/diversification - Fees & cheaper alternatives: https://www.dividenddata.com/funds/iwl/expenses - Peer comparison: https://www.dividenddata.com/funds/iwl/peers Data sourced from primary filings and market data providers; see https://www.dividenddata.com/methodology.