iShares Morningstar Value ETF (ILCV)
Cetera Investment Advisers Purchases 13,191 Shares of iShares Morningstar Value ETF $ILCV
Cetera Investment Advisers lifted its position in shares of iShares Morningstar Value ETF (NYSEARCA:ILCV) by 7.2% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 197,023 shares of the company's stock after buying an additional 13,191 shares during the quarter. Cetera
ILCV: A Diversified ETF With A Mid-Teen Upside Potential In 2026
iShares Morningstar Value ETF earns a buy rating for its diversified, value-focused portfolio of 381 large- and mid-cap stocks. ILCV is positioned for mid-teen percentage price appreciation in 2026, supported by balanced sector exposure and mega-cap tech holdings. The ETF's low 0.04% expense ratio and 1.68% dividend yield enhance its appeal versus peers, despite likely underperformance versus the S&P 500 in bullish, tech-driven markets.
ILCV: Differentiated Value Exposure In A Late-Cycle Environment
The iShares Morningstar Value ETF offers a nuanced, tech-inclusive value approach, balancing large- and mid-cap exposure with a 0.04% expense ratio. ILCV's market-cap weighting results in significant tech exposure, differentiating it from traditional value ETFs like VTV and IWD. While ILCV underperformed peers in the past decade, it modestly outperformed recently due to its tech tilt amid favorable market conditions.
iShares Morningstar Value ETF $ILCV Stock Holdings Decreased by Commonwealth Equity Services LLC
Commonwealth Equity Services LLC lessened its stake in iShares Morningstar Value ETF (NYSEARCA:ILCV) by 17.7% during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 115,899 shares of the company's stock after selling 24,846 shares during the quarter. Commonwealth Equity Services
ILCV: Not Among The Top-Performers Among Value Funds
The iShares Morningstar Value ETF (ILCV) offers exposure to U.S. mid- and large-cap value stocks, focusing on defensive sectors like financial services, healthcare, and consumer staples. Despite its conservative stance and valuation discount, ILCV has underperformed the broader market and key peers like MGV and IVE over time. ILCV's low-beta strategy and balanced sector allocation provide stability, but its profitability metrics and earnings growth lag behind the Russell 1000 index.
ILCV: Value With Some Tech Exposure
The iShares Morningstar Value ETF offers a low expense ratio of 0.04% and a diversified portfolio of 444 large- and mid-cap U.S. stocks. The fund's sector allocation balances value sectors like Financials and Industrials with growth areas such as Information Technology and Health Care. ILCV's focus on U.S. stocks provides pure domestic market exposure, avoiding currency risks but missing international opportunities.
ILCV: There Are Better Options Among Large Cap Value ETFs
iShares Morningstar Large-Cap Value ETF implements a strategy similar to the S&P 500 Value Index. ILCV looks cheaper than SPYV regarding valuation ratios.
ILCV: Large-Cap Value ETF Review
ILCV strategy and portfolio.
PRODUCT UPDATE: iShares Morningstar U.S. Equity Style Box ETFs
NEW YORK--(BUSINESS WIRE)--BlackRock implemented a series of product enhancements to the iShares Morningstar Style Box ETFs today. The style box suite, composed of nine ETFs, underwent benchmark changes, ticker changes, and expense ratio reductions. Three of the funds also had updates to their fund names and investment objectives. The suite is positioned as the lowest cost style box line-up in the industry. In addition, BlackRock announced forward share splits for the nine ETFs for shareholders of record as of April 14, 2021, payable after the close of trading on April 16, 2021. These splits will lower the share price and increase the number of outstanding shares. The total value of shares outstanding is not affected and the total value of a shareholder’s investment in the fund is not affected by the forward share split. Current Ticker New Ticker Current Fund Name New Fund Name Current investment objective New investment objective Former Underlying Index New Underlying Index Former Expense Ratio New Expense Ratio Forward Share Split Ratio for Record Holders as of April 14, 2021 JKF ILCV iShares Morningstar Large-Cap Value ETF Inception Date: June 28, 2004; NAV as of 3/17/21: $647.3m iShares Morningstar Value ETF The ETF seeks to track the investment results of an index composed of large-capitalization U.S. equities that exhibit value characteristics. The ETF seeks to track the investment results of an index composed of large- and mid-capitalization U.S. equities that exhibit value characteristics. Morningstar US Large Value Index Morningstar US Large-Mid Cap Broad Value Index 0.25% 0.04% 2-for-1 JKD ILCB iShares Morningstar Large-Cap ETF Inception Date: June 28, 2004; NAV as of 3/17/21: $874.6m iShares Morningstar U.S. Equity ETF The ETF seeks to track the investment results of an index composed of large-capitalization U.S. equities. The ETF seeks to track the investment results of an index composed of large- and mid-capitalization U.S. equities. Morningstar US Large Core Index Morningstar US Large-Mid Cap Index 0.20% 0.03% 4-for-1 JKE ILCG iShares Morningstar Large-Cap Growth ETF Inception Date: June 28, 2004; NAV as of 3/17/21: $1.81b iShares Morningstar Growth ETF The ETF seeks to track the investment results of an index composed of large-capitalization U.S. equities that exhibit growth characteristics. The ETF seeks to track the investment results of an index composed of large- and mid-capitalization U.S. equities that exhibit growth characteristics. Morningstar US Large Growth Index Morningstar US Large-Mid Cap Broad Growth Index 0.25% 0.04% 5-for-1 JKI IMCV iShares Morningstar Mid-Cap Value ETF Inception Date: June 28, 2004; NAV as of 3/17/21: $450.7m No change The ETF seeks to track the investment results of an index composed of mid-capitalization U.S. equities that exhibit value characteristics. No change Morningstar US Mid Value Index Morningstar US Mid Cap Broad Value Index 0.30% 0.06% 3-for-1 JKG IMCB iShares Morningstar Mid-Cap ETF Inception Date: June 28, 2004; NAV as of 3/17/21: $878.6m No change The ETF seeks to track the investment results of an index composed of mid-capitalization U.S. equities. No change Morningstar US Mid Core Index Morningstar US Mid Cap Index 0.25% 0.04% 4-for-1 JKH IMCG iShares Morningstar Mid-Cap Growth ETF Inception Date: June 28, 2004; NAV as of 3/17/21: $1.56b No change The ETF seeks to track the investment results of an index composed of mid-capitalization U.S. equities that exhibit growth characteristics. No change Morningstar US Mid Growth Index Morningstar US Mid Cap Broad Growth Index 0.30% 0.06% 6-for-1 JKL ISCV iShares Morningstar Small-Cap Value ETF Inception Date: June 28, 2004; NAV as of 3/17/21: $439.4 No change The ETF seeks to track the investment results of an index composed of small-capitalization U.S. equities that exhibit value characteristics. No change Morningstar US Small Value Index Morningstar US Small Cap Broad Value Extended Index 0.30% 0.06% 3-for-1 JKJ ISCB iShares Morningstar Small-Cap ETF Inception Date: June 28, 2004; NAV as of 3/17/21: $258.9 No change The ETF seeks to track the investment results of an index composed of small-capitalization U.S. equities. No change Morningstar US Small Core Index Morningstar US Small Cap Extended Index 0.25% 0.04% 4-for-1 JKK ISCG iShares Morningstar Small-Cap Growth ETF Inception Date: June 28, 2004; NAV as of 3/17/21: $834.5 No change The ETF seeks to track the investment results of an index composed of small-capitalization U.S. equities that exhibit growth characteristics. No change Morningstar US Small Growth Index Morningstar US Small Cap Broad Growth Extended Index 0.30% 0.06% 6-for-1 About BlackRock BlackRock’s purpose is to help more and more people experience financial well-being. As a fiduciary to investors and a leading provider of financial technology, we help millions of people build savings that serve them throughout their lives by making investing easier and more affordable. For additional information on BlackRock, please visit www.blackrock.com/corporate | Twitter: @blackrock | LinkedIn: www.linkedin.com/company/blackrock About iShares iShares unlocks opportunity across markets to meet the evolving needs of investors. With more than twenty years of experience, a global line-up of 900+ exchange traded funds (ETFs) and $2.67 trillion in assets under management as of December 31, 2020, iShares continues to drive progress for the financial industry. iShares funds are powered by the expert portfolio and risk management of BlackRock, trusted to manage more money than any other investment firm.1 Carefully consider the Funds' investment objectives, risk factors, and charges and expenses before investing. This and other information can be found in the Funds' prospectuses or, if available, the summary prospectuses which may be obtained by visiting www.iShares.com or www.blackrock.com. Read the prospectus carefully before investing. Investing involves risk, including possible loss of principal. The iShares Funds are distributed by BlackRock Investments, LLC (together with its affiliates, “BlackRock”). The iShares Funds are not sponsored, endorsed, issued, sold or promoted by Morningstar, Inc., nor does this company make any representation regarding the advisability of investing in the Funds. BlackRock is not affiliated with Morningstar, Inc. iSHARES and BLACKROCK are registered trademarks of BlackRock, Inc., or its subsidiaries. All other marks are the property of their respective owners. ___________________________ 1 Based on $8.68 trillion in AUM as of 12/31/20
iShares Takes Steps to Lead Industry in Style Investing
NEW YORK--(BUSINESS WIRE)--Two decades ago, iShares set out to spearhead the industry in style investing by providing investors with simple and efficient access to the distinct performance characteristics of size and valuation. Reflecting iShares’ commitment to this critical segment of the market, fee reductions will be made effective today to the iShares Morningstar U.S. Equity Style Box ETFs, positioning the suite as the lowest cost style box ETF family in the industry.1 The revamped suite featuring a combination of new indices from Morningstar, new tickers, new fund names, updated investment objectives, share splits, and lower pricing could equate to a successful formula for iShares. “iShares ETFs have democratized investing for millions of Americans and the actions taken today demonstrate our relentless pursuit of this principle,” said Armando Senra, Head of iShares Americas at BlackRock. “We are on a mission to offer competitive and compelling choices so that every type of client, from do-it-yourself investors, portfolio model builders, to advisors and institutions, can benefit from the quality of our products and our willingness to use the scale of our platform to help provide better solutions and outcomes. The longstanding collaboration with Morningstar reinforces our value proposition and reflects our steadfast commitment to continue to be a leader in style box investing.” New Morningstar Indexes represent broader investment opportunities In January, Morningstar launched the Morningstar® Broad Style IndexesSM, which are designed to more accurately represent the size and style dimensions of the U.S. equity market with greater flexibility. The underlying data and methodology of the indexes are designed to be consistent with the Morningstar Style Box™, making the indexes a natural complement for informing style-related investment decisions. The Morningstar Broad Style Indexes complement Morningstar's existing lineup of style indexes. "By launching the new index family licensed by BlackRock for iShares ETFs, we seek to empower investors to make better informed style investing decisions. We are pleased that BlackRock’s iShares ETFs make the iconic Morningstar Style Box even more accessible to investors,” said Ron Bundy, president, Morningstar Indexes. “The recently launched Morningstar Broad Style Indexes are powered by Morningstar’s independent analysis and give investors more flexible access to the broad market while maintaining their desired style exposure and provide exceptional value by lowering the cost of benchmarking.” Lowering the hurdles to style investing Over the past 20 years and through market cycles, growth and value ETFs have become ubiquitous foundational building blocks for investors to construct and adjust the essential components of their U.S. equity portfolios. In the current market environment, for example, value has outperformed growth, with value up 8.9% and growth down 3.7%-- a stark contrast to 2020, when growth significantly outperformed value.2 This divergence in performance underpins the continued importance and relevance of style investing. “The iShares Morningstar U.S. Equity Style Box ETFs make it easy for investors to build style-oriented portfolios at an incredible value,” said Chad Slawner, Head of iShares US Product at BlackRock. “We are excited to make enhancements to this robust product suite. Through benchmark changes, share splits and fee reductions we can help lower the hurdles to investing, increase portfolio flexibility, and broaden market coverage so that clients have access to, with as few as two ETFs, 99.5% of the U.S. stock market.”3 About the iShares U.S. Style Box ETF Category The iShares U.S. Style Box ETF category, launched in 2000, comprises three distinct product suites, totaling 35 funds, and remains the most comprehensive exposure to access U.S. equities for investors.4 The style box investing market has grown to over $1.7 trillion of assets under management (AUM) and has already gathered over $24 billion in flows for the year, representing 56% of 2020 total flows.5 Select enhancements are outlined below and full details of the product update can be found here. New Fund Name Ticker Previous expense ratio New expense ratio Shares Split Ratio6 iShares Morningstar Value ETF ILCV 0.25% 0.04% 2:1 iShares Morningstar U.S. Equity ETF ILCB 0.20% 0.03% 4:1 iShares Morningstar Growth ETF ILCG 0.25% 0.04% 5:1 iShares Morningstar Mid-Cap Value ETF IMCV 0.30% 0.06% 3:1 iShares Morningstar Mid-Cap ETF IMCB 0.25% 0.04% 4:1 iShares Morningstar Mid-Cap Growth ETF IMCG 0.30% 0.06% 6:1 iShares Morningstar Small-Cap Value ETF ISCV 0.30% 0.06% 3:1 iShares Morningstar Small-Cap ETF ISCB 0.25% 0.04% 4:1 iShares Morningstar Small-Cap Growth ETF ISCG 0.30% 0.06% 6:1 About the iShares Morningstar U.S. Equity Style Box ETFs Launched in 2004, the iShares Morningstar U.S. Equity Style Box ETFs include nine funds with $7.55 billion of AUM. 7 Effective today, the Funds will seek to track a new set of indexes from the Morningstar Broad Style Indexes, within the existing suite of nine Funds. About BlackRock BlackRock’s purpose is to help more and more people experience financial well-being. As a fiduciary to investors and a leading provider of financial technology, we help millions of people build savings that serve them throughout their lives by making investing easier and more affordable. For additional information on BlackRock, please visit www.blackrock.com/corporate | Twitter: @blackrock | LinkedIn: www.linkedin.com/company/blackrock About iShares iShares unlocks opportunity across markets to meet the evolving needs of investors. With more than twenty years of experience, a global line-up of 900+ exchange traded funds (ETFs) and $2.67 trillion in assets under management as of December 31, 2020, iShares continues to drive progress for the financial industry. iShares funds are powered by the expert portfolio and risk management of BlackRock, trusted to manage more money than any other investment firm.8 Carefully consider the Funds' investment objectives, risk factors, and charges and expenses before investing. This and other information can be found in the Funds' prospectuses or, if available, the summary prospectuses which may be obtained by visiting www.iShares.com or www.blackrock.com. Read the prospectus carefully before investing. Investing involves risk, including possible loss of principal. Index performance is for illustrative purposes only. Index performance does not reflect any management fees, transaction costs or expenses. Indexes are unmanaged and one cannot invest directly in an index. Past performance does not guarantee future results. Index performance does not represent actual Fund performance. For actual fund performance, please visit www.iShares.com or www.blackrock.com. Buying and selling shares of ETFs may result in brokerage commissions. The iShares Funds are distributed by BlackRock Investments, LLC (together with its affiliates, “BlackRock”). The iShares Funds are not sponsored, endorsed, issued, sold or promoted by Morningstar, Inc., nor does this company make any representation regarding the advisability of investing in the Funds. BlackRock is not affiliated with Morningstar, Inc. The Morningstar® Broad Style Indexes℠ are created and maintained by Morningstar, Inc. Morningstar, Inc. does not sponsor, endorse, issue, sell, or promote the iShares Morningstar U.S. Equity Style Box ETFs and bears no liability with respect to the ETFs or any security. Morningstar® is a registered trademark of Morningstar, Inc. Morningstar® Broad Style Indexes℠ are service marks of Morningstar, Inc. ©2020 BlackRock, Inc. All rights reserved. iSHARES and BLACKROCK are registered trademarks of BlackRock, Inc., or its subsidiaries. All other marks are the property of their respective owners _________________ 1 Morningstar, as of 3/22/2021 2 Index returns using Morningstar US Large Mid Broad Value Index and Morningstar US Large Mid Broad Growth Index as of 3/8/21 3 A combination ILCB and ISCB results in 99.5% market coverage without overlap as of March 22, 2021 4 iShares has the greatest breadth of U.S.-listed market cap weighted style box ETFs. Source: Morningstar as of 3/08/2021 5 BlackRock, as of March 8, 2021 6 Effective for shareholders of record as of the close of business on April 14, 2021, payable after the close of trading on April 16, 2021. The stock split will lower the share price and increase the number of outstanding shares. The total value of shares outstanding and the total value of a shareholder's investment in the fund is not affected by the stock split. For more information, please contact 1-800-iShares (474-2737). 7 BlackRock, as of February 28, 2021 8 Based on $8.68 trillion in AUM as of 12/31/20
PRODUCT UPDATE: iShares Morningstar U.S. Equity Style Box ETFs
NEW YORK--(BUSINESS WIRE)--BlackRock today announced a series of product enhancements to the iShares Morningstar U.S. Equity Style Box ETFs. The changes to each of the nine funds outlined below are expected to be implemented no earlier than March 19, 2021. Current ticker New ticker Current fund name New fund name Current investment objective New investment objective Share Split Ratio Current underlying index New underlying index JKF ILCV iShares Morningstar Large-Cap Value ETF Inception Date: June 28, 2004 NAV as of 12/08/20: $113.1 iShares Morningstar Value ETF The ETF seeks to track the investment results of an index composed of large-capitalization U.S. equities that exhibit value characteristics. The ETF seeks to track the investment results of an index composed of large- and mid-capitalization U.S. equities that exhibit value characteristics. 2:1 Morningstar US Large Value Index Morningstar US Large-Mid Cap Broad Value Index JKD ILCB iShares Morningstar Large-Cap ETF Inception Date: June 28, 2004 NAV as of 12/08/20: $211.8 iShares Morningstar U.S. Equity ETF The ETF seeks to track the investment results of an index composed of large-capitalization U.S. equities. The ETF seeks to track the investment results of an index composed of large- and mid-capitalization U.S. equities. 4:1 Morningstar US Large Core Index Morningstar US Large-Mid Cap Index - Continued – Current ticker New ticker Current fund name New fund name Current investment objective New investment objective Share Split Ratio Current underlying index New underlying index JKE ILCG iShares Morningstar Large-Cap Growth ETF Inception Date: June 28, 2004 NAV as of 12/08/20: $288.4 iShares Morningstar Growth ETF The ETF seeks to track the investment results of an index composed of large-capitalization U.S. equities that exhibit growth characteristics. The ETF seeks to track the investment results of an index composed of large- and mid-capitalization U.S. equities that exhibit growth characteristics. 5:1 Morningstar Large Growth Index Morningstar US Large-Mid Cap Broad Growth Index1 JKI IMCV iShares Morningstar Mid-Cap Value ETF Inception Date: June 28, 2004 NAV as of 12/08/20: $157.8 No change The ETF seeks to track the investment results of an index composed of mid-capitalization U.S. equities that exhibit value characteristics. No change 3:1 Morningstar US Mid Value Index Morningstar US Mid Cap Broad Value Index - Continued - Current ticker New ticker Current fund name New fund name Current investment objective New investment objective Share Split Ratio Current underlying index New underlying index JKG IMCB iShares Morningstar Mid-Cap ETF Inception Date: June 28, 2004 NAV as of 12/08/20: $231.4 No change The ETF seeks to track the investment results of an index composed of mid-capitalization U.S. equities. No change 4:1 Morningstar US Mid Core Index Morningstar US Mid Cap Index JKH IMCG iShares Morningstar Mid-Cap Growth ETF Inception Date: June 28, 2004 NAV as of 12/08/20: $371.5 No change The ETF seeks to track the investment results of an index composed of mid-capitalization U.S. equities that exhibit growth characteristics. No change 6:1 Morningstar US Mid Growth Index Morningstar US Mid Cap Broad Growth Index JKL ISCV iShares Morningstar Small-Cap Value ETF Inception Date: June 28, 2004 NAV as of 12/08/20: $139.0 No change The ETF seeks to track the investment results of an index composed of small-capitalization U.S. equities that exhibit value characteristics. No change 3:1 Morningstar US Small Value Index Morningstar US Small Cap Broad Value Extended Index - Continued - Current ticker New ticker Current fund name New fund name Current investment objective New investment objective Share Split Ratio Current underlying index New underlying index JKJ ISCB iShares Morningstar Small-Cap ETF Inception Date: June 28, 2004 NAV as of 12/08/20: $194.4 No change The ETF seeks to track the investment results of an index composed of small-capitalization U.S. equities. No change 4:1 Morningstar US Small Core Index Morningstar US Small Cap Extended Index JKK ISCG iShares Morningstar Small-Cap Growth ETF Inception Date: June 28, 2004 NAV as of 12/08/20: $288.3 No change The ETF seeks to track the investment results of an index composed of small-capitalization U.S. equities that exhibit growth characteristics. No change 6:1 Morningstar US Small Growth Index Morningstar US Small Cap Broad Growth Extended Index About BlackRock BlackRock’s purpose is to help more and more people experience financial well-being. As a fiduciary to investors and a leading provider of financial technology, our clients turn to us for the solutions they need when planning for their most important goals. As of September 30, 2020, the firm managed approximately $7.81 trillion in assets on behalf of investors worldwide. For additional information on BlackRock, please visit www.blackrock.com/corporate Twitter: @blackrock | LinkedIn: www.linkedin.com/company/blackrock. About iShares iShares unlocks opportunity across markets to meet the evolving needs of investors. With more than twenty years of experience, a global line-up of 900+ exchange traded funds (ETFs) and $2.32 trillion in assets under management as of September 30, 2020, iShares continues to drive progress for the financial industry. iShares funds are powered by the expert portfolio and risk management of BlackRock, trusted to manage more money than any other investment firm2. The foregoing is not a solicitation of any proxy. For important information regarding the iShares Morningstar U.S. Equity Style Box ETFs (the “Funds”) or to receive a free copy of a proxy statement, when available, or Prospectus or SAI relating to a proposed shareholder vote to change the diversification status of one of the Funds, the iShares Morningstar Large-Cap Growth ETF, from diversified from non-diversified, please call the Funds’ toll-free telephone number: 1-800-iShares (1-800-474-2737). The proxy statement, Prospectus, and SAI contain important information about the Fund’s objective, strategies, fees, expenses, risks, and the Board’s considerations in approving the proposal to be presented for shareholder approval at the Special Meeting of Shareholders. The proxy statement, Prospectus, and SAI will be available for free on the SEC’s website (www.sec.gov). Please read the proxy statement, Prospectus, and SAI carefully before voting or when considering whether to vote for the proposal. Pursuant to SEC proxy rules, the Fund’s proxy solicitor, Computershare Fund Services (“Computershare”), is a “participant” in connection with the Special Meeting of Shareholders. Certain regular employees and officers of the Fund’s investment manager, administrator, or any of their affiliates may become “participants” if any such persons solicit proxies. Shareholders may obtain information regarding the interests of Computershare and any other participants, if applicable, in the Fund’s proxy statement, when available, for the Special Meeting of Shareholders. Carefully consider the Funds' investment objectives, risk factors, and charges and expenses before investing. This and other information can be found in the Funds' prospectuses or, if available, the summary prospectuses which may be obtained by visiting www.iShares.com or www.blackrock.com. Read the prospectus carefully before investing. Investing involves risk, including possible loss of principal. Small-capitalization companies may be less stable and more susceptible to adverse developments, and their securities may be more volatile and less liquid than larger capitalization companies. The iShares Funds are distributed by BlackRock Investments, LLC (together with its affiliates, “BlackRock”). The iShares Funds are not sponsored, endorsed, issued, sold or promoted by Morningstar, Inc., nor does this company make any representation regarding the advisability of investing in the Funds. BlackRock is not affiliated with Morningstar, Inc. ©2020 BlackRock, Inc. All rights reserved. iSHARES and BLACKROCK are trademarks of BlackRock, Inc., or its subsidiaries in the United States and elsewhere. All other marks are the property of their respective owners. 1 The iShares Trust, of which the iShares Morningstar Large-Cap Growth ETF (the “Fund”) is a series of, will solicit shareholder approval to change the Fund’s diversification status from diversified to non-diversified, as such terms are defined under the Investment Company Act of 1940, at a Special Meeting of Shareholders to be held on or about March 12, 2021. As soon as reasonably practicable following shareholder approval, the Fund will begin tracking the Morningstar® US Large-Mid Cap Broad Growth Index. In the event that shareholder approval to change the Fund’s diversification status from diversified to non-diversified is ultimately not obtained, the Fund will track the Morningstar US Large-Mid Cap Broad Growth Capped Index (the “Interim Underlying Index”). In addition, if the Fund is unable to obtain shareholder approval in a timely manner, the Fund may track the Interim Underlying Index on an interim basis. 2 Based on $7.81 trillion in AUM as of 9/30/20