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
622.5 M
ASSETS UNDER MGMT
6 bp
EXPENSES
Fund Basics
| Fund sponsor | Barclays Global Fund Advisors |
| Category | US |
| Asset class | Equity |
| Website | link... |
| Inception date | Jun 28, 2004 |
| Assets (mns) | $623 |
| 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 +
| CAPITAL ONE FINANCIAL CORP | 1.3 % |
| WILLIAMS COS INC | 1.2 % |
| TRUIST FINANCIAL CORPORATION | 1.1 % |
| ONEOK INC | 1.1 % |
| GENERAL MOTORS CO | 1.1 % |
| PACCAR INC | 1.1 % |
| BANK OF NEW YORK MELLON CORP | 1.1 % |
| SEMPRA ENERGY | 1.0 % |
| NORFOLK SOUTHERN CORP | 1.0 % |
| SIMON PROPERTY GROUP INC | 1.0 % |
Constituent Breakdown
| Number of holdings | 304 |
| Herfindahl-Hirschman Index | 50 |
| Wgt avg mkt cap (mns) | $36,308 |
| Large cap (>$10bn) | 96.7% |
| Mid cap ($2-10bn) | 1.8% |
| Small cap (<$2bn) | 0.4% |
| Developed mkts. | 99.8% |
| Emerging mkts. | 0.2% |
Country Exposure
 |
UNITED STATES | 93.1 % |
 |
BRITAIN | 1.2 % |
 |
IRELAND | 1.0 % |
 |
BERMUDA | 1.0 % |
Historical Performance
Standardized Performance (as of 11/30/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | 21.7% | 30.3% | 14.2% | 10.8% | 11.0% | 9.6% | 9.8% | Volatility | 12.1% | 12.8% | 14.8% | 17.5% | 24.2% | 19.6% | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.96 | 77% |
| MSCI EAFE | 0.96 | 76% |
| MSCI Emg Mkts | 0.68 | 39% |
Liquidity Measures
| Avg. volume (000) | 16 |
| Turnover | 0.2% |
| Avg. Bid/Ask (% of price) | 0.08% |
| ADV of underlying (mns) | $66,581 |
Technical Indicators
| Recent close | $73.24 |
| 30d moving avg. | $79.20 |
| Annualized volatility | 19.1% |
| Relative strength (RSI) | 53 |
| Short interest (ETF) | 0.3% |
| 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 | 61.2% | -2 bp | -2.1% |
| VOE | Vanguard Mid-Cap Value ETF | 59.8% | +1 bp | -0.7% |
| IWS | iShares Russell Mid-Cap Value ETF | 55.1% | +17 bp | -1.5% |
| VO | Vanguard Mid-Cap ETF | 51.3% | -2 bp | -2.5% |
| IWR | iShares Russell Midcap ETF | 48.1% | +13 bp | -2.4% |
| FTA | First Trust Large Cap Value AlphaDEX Fund | 47.7% | +53 bp | +0.8% |
| FEX | First Trust Large Cap Core AlphaDEX Fund | 44.8% | +53 bp | -2.2% |
| GSEW | Goldman Sachs Equal Weight U.S. Large Cap Equity ETF | 43.2% | +3 bp | -2.1% |
| SIZE | iShares MSCI USA Size Factor ETF | 42.7% | +9 bp | -2.2% |
| EUSA | iShares MSCI USA Equal Weighted ETF | 42.3% | +3 bp | -2.2% |
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 12/18/2024
Peer Group Comparison Sample data. Subscribe for access.
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 Rating
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.
ALTAR Score™
IMCV
8.1%
Cat. Avg
5.7%
ALTAR Score™ Calculation
Category Overview
There are 977 funds in the US Equity category, with an average ALTAR Score™
of 5.7% and a standard deviation of
2.6%. 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.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
IMCVSELL
U/W
HOLD
O/W
BUY
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. | 30.3 | 14.0 | 44.3 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .