Mid-Cap US Stock Exposure: Industrials and Technology Leaders in the S&P MidCap 400 via IJH (ASX:IJH)

Sonal Goyal

30 October 2026 01:14 PM AEDT

Mid-Cap US Stock Exposure: Industrials and Technology Leaders in the S&P MidCap 400 via IJH (ASX:IJH)

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Key Highlights

IJH (ASX:IJH) gives exposure to the S&P MidCap 400, a group of US mid-sized companies.
Industrials lead at 22.21%, with technology at 18.12% and financial services at 13.58%.
Management fees and costs are 0.07%, with a fund size of $485.86 million.
The annual yield is 1.23%.

iShares S&P Mid-Cap ETF (ASX:IJH) traded at $52.55 during the trading session on 30 October 2026, up 1.13%, with 5,439 units traded. IJH targets the middle ground of US equities, where companies are larger than small caps but smaller than the S&P 500's giants. The fund is benchmarked to the S&P MidCap 400 and was admitted to the ASX on 10 October 2007.

Fund Overview

IJH aims to track the S&P MidCap 400 Net TR index in Australian dollars. Fund size is $485.86 million, with 9,350,602 units outstanding. ISIN AU000000IJH2 and fees are 0.07%. The fund's day range was $52.02 to $52.74.

Stock Exposure and Sector Mix

Industrials are the largest sector at 22.21%, followed by technology at 18.12%, financial services at 13.58%, healthcare at 10.45% and consumer cyclical at 10.12%. Real estate is 7.85%, energy 5.25% and basic materials 4.87%.

Exposure is 98.13% US, with small positions in the United Kingdom, Brazil, India and Sweden. The largest share of stocks, 72.57%, sits in the $500 million to $1 billion market-value band, and 23.68% is above $1 billion.

Income Profile

The annual yield is 1.23%. The most recent interim distribution was $0.129, with an ex-date of 29 September 2026, a record date of 30 September 2026 and a payment date of 9 October 2026.

Session Trading

IJH's day range was $52.02 to $52.74, with average daily volume of about 11,912 units. The bid-offer range during the session was $52.47 to $52.51.

How the Portfolio Is Built

IJH holds the S&P MidCap 400 members in index proportions. Those members are mid-sized US companies selected for size, liquidity and profitability. Because the fund follows the index, its holdings change when the index is rebalanced, and the largest mid caps carry the largest weights.

The mid-cap tilt means the portfolio sits between small caps and large caps in its behaviour. Its industrial weighting reflects the number of capital goods, transport and specialist manufacturing companies in the index.

The S&P MidCap 400 applies similar selection criteria to the S&P 500, but for mid-sized companies. IJH holds the members in index proportions and rebalances when the index changes, so its holdings follow the index's mid-size band over time.

As companies move up or down in size, they may join or leave the mid-cap universe, which is how the fund's exposure evolves without any manager intervention.

Key Facts

The fund was admitted to the ASX on 10 October 2007 and is benchmarked to the S&P MidCap 400 NR index. Its ISIN is AU000000IJH2, and management fees and costs are 0.07% a year. Fund size is $485.86 million, with 9,350,602 units on issue.

What the Exposure Means

IJH gives investors a low-fee route into mid-sized US companies, with industrials and technology leading and most holdings in a tight market-value band. It sits between the small-cap and large-cap exposures in this group and reflects the capital spending and domestic demand of mid-sized US businesses.

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