IWMW

📎 Investment Objective

The iShares Russell 2000 BuyWrite ETF (IWMW) seeks to provide investment results that correspond generally to the performance of the CBOE Russell 2000 BuyWrite Index, which measures the performance of a theoretical portfolio that holds a long position in the stocks included in the Russell 2000 Index and sells a succession of one-month at-the-money call options on the Russell 2000 Index.

✨ Key Features

• Provides exposure to small-cap U.S. equities with a covered call strategy
• Aims to generate income through the sale of call options on the underlying Russell 2000 Index
• Tracks the CBOE Russell 2000 BuyWrite Index, a widely followed benchmark for covered call strategies
• Low expense ratio of 0.00%

⚠️ Primary Risks

• Equity market risk: The fund is subject to the risks associated with the underlying equity holdings in the Russell 2000 Index
• Option writing risk: The fund's covered call strategy may limit the upside potential of the underlying stocks
• Tracking error risk: The fund may not perfectly track the performance of its underlying index
• Liquidity risk: The fund may experience lower trading volumes or less liquid markets for its underlying securities

👤 Best For

The iShares Russell 2000 BuyWrite ETF may be suitable for investors seeking exposure to small-cap U.S. equities with a covered call strategy to generate additional income. This fund may be appropriate for investors with a moderate risk tolerance who are looking to potentially enhance their returns in a low-volatility manner.