Highlights

  • ILCV targets US large and Mid cap equities with value characteristics.
  • The published expense ratio is 0.04%.
  • The fund's distribution frequency is quarterly.

iShares Morningstar Value ETF (NYSE Arca:ILCV) seeks exposure to US large and mid cap equities with value characteristics. With net asset value of USD 109.27 per share as of 30 October 2026, the fund reported net Assets of USD 1,371,350,167 as of 30 October 2026. Its Investment approach centres on tracking the Morningstar US Large-Mid Cap Broad Value Index.

Valuation Measures Define the Style Exposure

The value mandate selects stocks using measures related to earnings, book value, sales, Cash Flow and dividends. These measures compare Business fundamentals with market prices, rather than establishing a guaranteed fair value. A company can appear inexpensive because its prospects are uncertain or its Earnings are under pressure. Sector weights also influence how the resulting portfolio responds to the broader economy.

Portfolio Composition and Exposure

ILCV reported 372 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 Information Technology at 23.81% and Financials at 17.87%. 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

ILCV 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

Low valuations can persist or fall further when business conditions weaken. Value selection can introduce industry concentrations and does not prevent losses from deteriorating company fundamentals. ILCV provides a defined value allocation within larger US companies, with sector exposures and the reasons behind low valuations remaining central to its interpretation.