IWY

The iShares Russell Top 200 Growth ETF (IWY) invests in U.S. large‑cap growth equities, tracking the Russell Top 200 Growth Index, which selects the biggest U.S. companies with higher price‑to‑book ratios and strong growth forecasts; the portfolio is heavily weighted to information‑technology, communication‑services and consumer‑discretionary stocks. Its strategy is a passively managed, full‑replication approach that seeks to match the index’s performance before fees by holding the constituent shares in proportion to the index. Because it provides concentrated exposure to high‑growth U.S. large‑cap companies, the fund is most appropriate for investors who are comfortable with equity volatility and are looking for long‑term growth‑oriented exposure within a diversified, index‑based vehicle.