IMCV
iShares Morningstar Mid-Cap Value ETF
IMCV tracks a market-cap-weighted index of US midcap stocks companies selected based on their value characteristics.
US
EQUITY
Rules-Based
MANAGEMENT STYLE
6 bp
EXPENSES
$613.3 M
ASSETS UNDER MGMT
Fund Basics
Fund sponsor | Barclays Global Fund Advisors |
Category | US |
Asset class | Equity |
Website | link... |
Inception date | Jun 28, 2004 |
Assets (mns) | $613 |
Expense ratio | 6 bp |
Currency | USD |
Sector Breakdown
Fund Structure
Regulation | Open-Ended Fund |
Distributions | Quarterly |
Taxation | 1099 |
Stock selection | Multi-Factor |
Weighting | Market Cap |
Holdings Transparency | Full |
Derivatives-based | No |
Options available | No |
Currency hedged | No |
Fund of funds | No |
Top 10 Holdings
Complete list +
TRUIST FINANCIAL CORPORATION | 1.1 % |
CAPITAL ONE FINANCIAL CORP | 1.1 % |
PACCAR INC | 1.1 % |
GENERAL MOTORS CO | 1.1 % |
FORD MOTOR CO | 1.1 % |
WILLIAMS COS INC | 1.0 % |
DR HORTON INC | 1.0 % |
NORFOLK SOUTHERN CORP | 1.0 % |
AMERICAN INTERNATIONAL GROUP | 1.0 % |
AMERICAN ELECTRIC POWER | 0.9 % |
Constituent Breakdown
Number of holdings | 305 |
Herfindahl-Hirschman Index | 50 |
Wgt avg mkt cap (mns) | $31,402 |
Large cap (>$10bn) | 97.7% |
Mid cap ($2-10bn) | 1.4% |
Small cap (<$2bn) | 0.2% |
Developed mkts. | 99.8% |
Emerging mkts. | 0.2% |
Country Exposure
UNITED STATES | 93.4 % | |
BRITAIN | 1.3 % | |
IRELAND | 1.0 % | |
BERMUDA | 1.0 % | |
SWITZERLAND | 0.6 % |
Historical Performance
Standardized Performance (as of 06/30/2024)
YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
---|---|---|---|---|---|---|---|
Total Returns | 4.7% | 13.8% | 11.9% | 5.7% | 8.8% | 8.0% | 9.2% | Volatility | 11.9% | 13.1% | 17.6% | 17.7% | 24.2% | 19.5% | -- |
Market Correlations
versus... | Beta | R-squared |
S&P 500 | 0.92 | 77% |
MSCI EAFE | 0.98 | 81% |
MSCI Emg Mkts | 0.71 | 44% |
Liquidity Measures
Avg. volume (000) | 13 |
Turnover | 0.2% |
Avg. Bid/Ask (% of price) | 0.08% |
ADV of underlying (mns) | $102,924 |
Technical Indicators
Recent close | $72.58 |
30d moving avg. | $71.14 |
Annualized volatility | 18.9% |
Relative strength (RSI) | 50 |
Short interest (ETF) | 0.1% |
Short interest (underlying) | 3.1% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
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Comparable ETFs Based on Overlap
Ticker | Fund Name | Overlap vs. IMCV |
Expenses vs. IMCV |
ALTAR Score™ vs. IMCV |
---|---|---|---|---|
IMCB | iShares Morningstar Mid-Cap ETF | 63.4% | -2 bp | -1.8% |
VOE | Vanguard Mid-Cap Value ETF | 59.1% | +1 bp | -0.8% |
IWS | iShares Russell Mid-Cap Value ETF | 55.8% | +17 bp | -1.6% |
VO | Vanguard Mid-Cap ETF | 53.6% | -2 bp | -2.2% |
IWR | iShares Russell Midcap ETF | 49.5% | +13 bp | -2.4% |
FTA | First Trust Large Cap Value AlphaDEX Fund | 47.5% | +53 bp | +0.3% |
RSP | Invesco S&P 500 Equal Weight ETF | 43.9% | +14 bp | -1.9% |
SIZE | iShares MSCI USA Size Factor ETF | 43.6% | +9 bp | -2.1% |
EUSA | iShares MSCI USA Equal Weighted ETF | 43.2% | +3 bp | -2.1% |
FEX | First Trust Large Cap Core AlphaDEX Fund | 43.1% | +53 bp | -2.1% |
Risk and Returns: IMCV vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
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Results & Estimates
2019 | 2020 | 2021 | 2022 | 2023 | 2024E | 2025E | ||
---|---|---|---|---|---|---|---|---|
Sales per share | -- | -- | -- | -- | -- | -- | -- | |
change (%) | -- | -- | -- | -- | -- | -- | -- | |
Earnings per share | -- | -- | -- | -- | -- | -- | -- | |
change (%) | -- | -- | -- | -- | -- | -- | -- | |
Dividends per share | -- | -- | -- | -- | -- | -- | -- | |
change (%) | -- | -- | -- | -- | -- | -- | -- | |
Book value per share | -- | -- | -- | -- | -- | -- | -- | |
change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
EPS Revision Activity (6 mo. ago = 100%)
Compound Annual Growth Rates
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Valuation Metrics
2023 | 2024E | Fwd Est | 2025E | |
Price-to-sales | --x | --x | --x | --x |
Price-to-earnings | --x | --x | --x | --x |
Price-to-cash flow | --x | --x | --x | --x |
Price-to-growth | --x | --x | --x | --x |
Price-to-book value | --x | --x | --x | --x |
Yield | --% | --% | --x | --% |
Based on closing prices from 7/25/2024
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Price-to-Earnings
Price-to-Sales
Price-to-Book Value
Price-to-Cash Flow
Price-to-Growth
Dividend Yield
Historical Valuation Trends Sample data. Subscribe for access.
SHOWING:
Price-to-Earnings
Price-to-Earnings
IMCV
Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.
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ETF Research Center Fund Rating
Our measure of an ETF's overall investment merit
ALTAR Score™
IMCV
8.1%
Cat. Avg
5.7%
Fund Category: US
Avg. Return on Equity | --% |
Divided by: Fwd. P/BV | --x |
Less: Expenses | -- bp |
Equals: ALTAR Score™ | 8.1% |
Recommendation
SPECULATIVE
Deeply undervalued but risky. A rating of SPECULATIVE is assigned to ETFs with ALTAR Scores in the top quintile (the top 20%) of their category, indicating exceptional appreciation potential. However, often these are narrowly-focused funds or in industries with structural issues, which may also make them very risky. Nonetheless they may still be useful as part of a well-diversified portfolio.
Category Overview
There are 899 funds in the US category, with an average ALTAR Score™
of 5.7% and a standard deviation of
2.4%. IMCV's ALTAR Score™ is approximately
1.0 standard deviations
above
the category average. This places IMCV in the 83rd percentile among funds in the category.
Consensus Recommendation
Sell-side recommendations on the ETF's individual constituents
Composite
IMCV
Peer Average
Recent Trends
SELL
U/W
HOLD
O/W
BUY
Recent Trends
Breakdown
Expense Analysis
Peer Group | Rules-Based US Equity ETFs |
# of ETFs | 609 |
Avg. Expense Ratio | 46.6 bp |
Std. Deviation | 32.9 bp |
IMCV (6 bp) Percentile rank | 11 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
---|---|---|---|
IMCV | 6.0 | 7.5 | 13.5 |
Peer Avg. | 29.1 | 14.0 | 43.1 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .