Highlights

  • ILCG targets US large and Mid cap stocks exhibiting growth characteristics.
  • The published expense ratio is 0.04%.
  • The fund's distribution frequency is quarterly.

iShares Morningstar Growth ETF (NYSE Arca:ILCG) seeks exposure to US large and mid cap stocks exhibiting growth characteristics. With net asset value of USD 108.85 per share as of 2 November 2026, the fund reported net Assets of USD 2,966,066,907 as of 2 November 2026. Its Investment approach centres on tracking the Morningstar US Large-Mid Cap Broad Growth Index.

Growth Characteristics Narrow the Equity Universe

The growth mandate focuses on companies selected using Business growth measures, including Earnings and sales characteristics. That selection can create a portfolio with different industry weights from the wider market. Growth expectations also matter to valuations because investors assess cash flows that may lie further in the future. A growth classification describes the selection framework and does not guarantee that every company will expand.

Portfolio Composition and Exposure

ILCG reported 325 holdings as of 2 November 2026. This count describes the portfolio at that date and can change as securities enter or leave the fund. It does not indicate that each position carries the same weight.

The published exposure breakdown as of 2 November 2026 included Information Technology at 51.95% and Industrials at 10.04%. These allocations show where a meaningful part of the portfolio's exposure was concentrated. The percentages can change with market values and portfolio adjustments.

Fees and Distribution Policy

ILCG lists an expense ratio of 0.04%. This is an ongoing fund cost, rather than a charge covering every expense of buying or selling shares. Brokerage charges and the difference between buying and selling prices can add to an investor's transaction costs. Fund shares trade on NYSE Arca at market prices, which may differ from net asset value.

The stated distribution frequency is quarterly. That schedule describes the timing framework for payments and does not establish a fixed amount. Distributions depend on the fund's available income and applicable distribution decisions. A cash payment also needs to be considered alongside changes in the value of the investment.

Key Insights

Slower business growth, disappointing earnings and higher discount rates can pressure valuations. Sector concentration may amplify the effects of changes in spending, competition or expectations. ILCG's growth classification and sector weights work together, so the mandate needs to be understood through both business expansion expectations and current portfolio concentration.