Highlights

  • IMCV targets US Mid cap stocks selected for value characteristics.
  • The published expense ratio is 0.06%.
  • The fund's distribution frequency is quarterly.

iShares Morningstar Mid-Cap Value ETF (NASDAQ:IMCV) seeks exposure to US mid cap stocks selected for value characteristics. With net asset value of USD 99.16 per share as of 30 October 2026, the fund reported net Assets of USD 1,274,142,734 as of 30 October 2026. Its Investment approach centres on tracking the Morningstar US Mid Cap Broad Value Index.

A Valuation Focus Within Medium Sized Companies

The fund combines mid cap coverage with valuation measures tied to earnings, assets, Cash Flow and dividends. That can produce exposures different from both a broad mid cap portfolio and a large cap value allocation. An apparently low price relative to fundamentals can reflect uncertainty about a company's future. Interpreting the style therefore requires attention to Business quality as well as valuation measures.

Portfolio Composition and Exposure

IMCV reported 268 holdings as of 30 October 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 29 October 2026 included Financials at 18.45% and Industrials at 14.19%. 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

IMCV lists an expense ratio of 0.06%. 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 Nasdaq 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

Weak company Earnings or lower asset values can undermine an apparent valuation discount. Mid cap financing needs and sector concentrations can add pressure during difficult economic conditions. IMCV applies a value framework to mid caps, so the economic exposures behind its valuation profile matter alongside its company size classification.