BRMIX

About BRMIX

The iShares Russell Mid-Cap Index Fund Institutional Shares is a mutual fund designed to closely track the performance of the Russell Midcap Index, a widely recognized benchmark representing the mid-capitalization segment of the U.S. equity market. This index consists of approximately 800 of the smallest companies within the Russell 1000 Index and covers firms generally ranging from about $3 billion to $23 billion in market capitalization. The fund employs a passively managed strategy, seeking to replicate the index by investing at least 90% of its assets in the constituent securities of the benchmark. Its portfolio spans diverse sectors including technology, industrials, financials, and consumer discretionary, offering broad exposure to U.S. mid-sized companies. Prominent holdings include companies such as Palantir Technologies, AppLovin Corp, and Arthur J. Gallagher & Co. With a competitive expense ratio, the fund appeals to institutional investors pursuing efficient, cost-effective access to U.S. mid-cap equities for diversification and potential long-term growth. Its risk and return characteristics typically fall between those of large-cap and small-cap equity funds, making it an important vehicle for capturing the unique dynamics of mid-sized American businesses.