Exchange-traded fund
iShares Russell Top 200 ETF
TickerIWL
Fund manager
BlackRock/iShares
Prison industrial complex grade: One or more holdings were flagged as higher risk by our prison industrial complex screen, making up between 1% and 2% of the portfolio. Assigned a grade of D.
D
$217.05 MILLION
Prison industrial complex
29
flagged holdings
28%
of assets flagged
Data as of 10/31/22
Flagged investments:
$217.05 MILLION, 28% of assets
Higher risk:
$13.08 MILLION, 1.67% of assets
 Private prison operators:
$0, 0% of assets
For each prison industrial complex category, click to see the breakdown of flagged holdings.
Prison industry
Prison industry
Incarceration and detention facilities, services in facilities, supervision and monitoring
16
holdings
$145.6M
invested
19%
of portfolio
Border industry
Border industry
Incarceration and detention facilities, immigrant monitoring and surveillance, militarization of the U.S.-Mexico border
23
holdings
$181.39M
invested
23%
of portfolio
All flagged holdings
29 holdings
29 holdings
  • 1.  Microsoft Corp
    Prison industryBorder industry
    $51.12M
    6.51%
  • 2.  Amazon.com Inc
    Prison industryBorder industry
    $26.8M
    3.41%
  • 3.  Alphabet Inc Class A
    Border industry
    $16.73M
    2.13%
  • 4.  Berkshire Hathaway Inc Class B
    Prison industry
    $15.67M
    1.99%
  • 5.  Alphabet Inc Class C
    Border industry
    $15.05M
    1.92%
Higher risk
Private prison operator
See all
iShares Russell Top 200 ETF $IWL has $217.05 MILLION invested in 29 companies involved in the prison industrial complex, amounting to 28% of fund assets
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Financial performance
Performance data provided byMorningstarFind more financial data on IWL at Morningstar.com
Current fund
IWL
iShares Russell Top 200 ETF
Family
BlackRock/iShares
Category
Large Blend
vs.
Benchmark
IVV
iShares Core S&P 500 ETF
Family
iShares from BlackRock
Category
Large Blend
Fund comparison settings
Investment timeline
Performance as of: 10/31/22
1 year
3 years
5 years
10 years
Benchmark
Suggested: S&P 500
IVV - iShares Core S&P 500 ETF
Fund comparison results
Compared to the benchmark, this fund has:
Higher 10-yr returns 
0.23% more in annualized returns
Same in private prison operators 
Both 0% invested
Less invested in higher risk companies, prison industry 
0.19% less invested
More invested in higher risk companies, border industry 
<0.01% more invested
More invested in higher risk companies 
<0.01% more invested
More invested in all screened prison industry companies 
3.04% more invested
More invested in all screened border industry companies 
3.67% more invested
More invested in all screened companies 
4.5% more invested
Current fund
IWL
iShares Russell Top 200 ETF
Family
BlackRock/iShares
Category
Large Blend
vs.
Benchmark
IVV
iShares Core S&P 500 ETF
Family
iShares from BlackRock
Category
Large Blend
Fund comparison settings
Investment timeline
Performance as of: 10/31/22
1 year
3 years
5 years
10 years
Benchmark
Suggested: S&P 500
IVV - iShares Core S&P 500 ETF
Fund comparison results
Compared to the benchmark, this fund has:
Higher 10-yr returns 
0.23% more in annualized returns
Same in private prison operators 
Both 0% invested
Less invested in higher risk companies, prison industry 
0.19% less invested
More invested in higher risk companies, border industry 
<0.01% more invested
More invested in higher risk companies 
<0.01% more invested
More invested in all screened prison industry companies 
3.04% more invested
More invested in all screened border industry companies 
3.67% more invested
More invested in all screened companies 
4.5% more invested
Current fund
IWL
iShares Russell Top 200 ETF
Family
BlackRock/iShares
Category
Large Blend
vs.
Benchmark
IVV
iShares Core S&P 500 ETF
Family
iShares from BlackRock
Category
Large Blend
Fund comparison settings
Investment timeline
Performance as of: 10/31/22
1 year
3 years
5 years
10 years
Benchmark
Suggested: S&P 500
IVV - iShares Core S&P 500 ETF
Fund comparison results
Compared to the benchmark, this fund has:
Higher 10-yr returns 
0.23% more in annualized returns
Same in private prison operators 
Both 0% invested
Less invested in higher risk companies, prison industry 
0.19% less invested
More invested in higher risk companies, border industry 
<0.01% more invested
More invested in higher risk companies 
<0.01% more invested
More invested in all screened prison industry companies 
3.04% more invested
More invested in all screened border industry companies 
3.67% more invested
More invested in all screened companies 
4.5% more invested
Month-end trailing returns  
Annualized returns
Flagged investments
1-yr
3-yr
5-yr
10-yr
Private prison operators
This fund
IWL - iShares Russell Top 200 ETF
-16.21%
11%
11%
13%
0% 
Benchmark
IVV - iShares Core S&P 500 ETF
-14.64%
10%
10%
13%
0% 
Fund compared to benchmark
 
-1.58%
0.43%
0.47%
0.23%
Same
Find more financial data on IWL at Morningstar.com
What's next?
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Action toolkit
Ask your employer about adding prison industrial complex-free options to your retirement plan
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