Highlights

  • ILCG follows a defined index Investment mandate.
  • The fund reported 325 holdings on 4 November 2026.
  • Net Assets were approximately USD 2.82 billion on 5 November 2026.
  • The expense ratio is 0.04%, with quarterly distributions listed.

iShares Morningstar Growth ETF (NYSEARCA:ILCG) seeks to track the Morningstar US Large-Mid Cap Broad Growth Index. ILCG closed at USD 110.32 on 4 November 2026. Net assets were approximately USD 2.82 billion on 5 November 2026. The fund’s investment universe and the weight of its individual positions define the exposure available through its shares.

Investment mandate and underlying exposure

The fund targets large and mid-sized U.S. growth companies. The index uses measures including earnings, sales, Cash Flow and Book Value growth to define its investment universe. This creates a style-based allocation within U.S. equities rather than a portfolio representing every company equally.

The largest disclosed positions include major technology companies and an online retail business. A growth classification can span different industries, although the leading holdings show meaningful company concentration. The security count alone does not indicate how evenly the portfolio’s economic exposure is distributed.

Holdings weights and portfolio structure

As of 4 November 2026, Nvidia represented 15.01%; Apple represented 8.21%; Broadcom Inc represented 4.90%; Amazon.Com Inc represented 4.65%; Eli Lilly represented 3.65%; Microsoft represented 3.27%.

The holdings weights describe individual security positions on the stated date and can change. Comparing the largest weights with the full holdings count helps distinguish security breadth from company concentration. A portfolio with many constituents can still be influenced materially by a smaller group of leading businesses.

Fund costs distributions and risks

The listed expense ratio is 0.04%, and distributions are scheduled quarterly. Fund distributions can vary with portfolio income and other relevant cash flows. The expense ratio describes a fund-level cost; trading shares can also involve Transaction Costs and a difference between the prices available to buyers and sellers.

Growth companies can be sensitive to changes in Earnings expectations and the valuations investors assign to future cash flows. Competition and shifts in Demand can affect individual businesses. The index methodology applies selection rules, but these rules do not guarantee that companies will achieve anticipated growth.

Key Insights

ILCG provides a defined exposure through its benchmark mandate. The largest disclosed positions include major technology companies and an online retail business. The 325 reported holdings, their individual weights and the 0.04% expense ratio are relevant to interpreting the portfolio. The mandate and underlying instruments determine which economic risks remain shared across otherwise separate positions.