PRODUCT UPDATE: iShares Morningstar U.S. Equity Style Box ETFs

NEW YORK--()--BlackRock implemented a series of product enhancements to the iShares Morningstar Style Box ETFs today. The style box suite, composed of nine ETFs, underwent benchmark changes, ticker changes, and expense ratio reductions. Three of the funds also had updates to their fund names and investment objectives. The suite is positioned as the lowest cost style box line-up in the industry.

In addition, BlackRock announced forward share splits for the nine ETFs for shareholders of record as of April 14, 2021, payable after the close of trading on April 16, 2021. These splits will lower the share price and increase the number of outstanding shares. The total value of shares outstanding is not affected and the total value of a shareholder’s investment in the fund is not affected by the forward share split.

Current Ticker

New
Ticker

 

Current Fund Name

 

New Fund Name

Current
investment
objective

New
investment
objective

Former
Underlying Index

New
Underlying Index

Former Expense Ratio

New Expense Ratio

Forward Share Split Ratio for
Record Holders
as of April 14, 2021

JKF

ILCV

iShares Morningstar Large-Cap Value ETF
Inception Date: June 28, 2004; NAV as of 3/17/21: $647.3m

iShares Morningstar Value ETF

The ETF seeks to track the investment results of an index composed of large-capitalization U.S. equities that exhibit value characteristics.

The ETF seeks to track the investment results of an index composed of large- and mid-capitalization U.S. equities that exhibit value characteristics.

Morningstar US Large Value Index

Morningstar US Large-Mid Cap Broad Value Index

0.25%

0.04%

2-for-1

JKD

ILCB

 

 

 

iShares Morningstar Large-Cap ETF
Inception Date: June 28, 2004; NAV as of 3/17/21: $874.6m

 

 

 

iShares Morningstar U.S. Equity ETF

 

 

The ETF seeks to track the investment results of an index composed of large-capitalization U.S. equities.

The ETF seeks to track the investment results of an index composed of large- and mid-capitalization U.S. equities.

 

 

 

Morningstar US Large Core Index

Morningstar US Large-Mid Cap Index

0.20%

0.03%

4-for-1

JKE

ILCG

iShares Morningstar Large-Cap Growth ETF
Inception Date: June 28, 2004; NAV as of 3/17/21: $1.81b

iShares Morningstar Growth ETF

The ETF seeks to track the investment results of an index composed of large-capitalization U.S. equities that exhibit growth characteristics.

The ETF seeks to track the investment results of an index composed of large- and mid-capitalization U.S. equities that exhibit growth characteristics.

Morningstar US Large Growth Index

Morningstar US Large-Mid Cap Broad Growth Index

0.25%

0.04%

5-for-1

JKI

IMCV

iShares Morningstar Mid-Cap Value ETF
Inception Date: June 28, 2004; NAV as of 3/17/21: $450.7m

No change

The ETF seeks to track the investment results of an index composed of mid-capitalization U.S. equities that exhibit value characteristics.

No change

Morningstar US Mid Value Index

Morningstar US Mid Cap Broad Value Index

0.30%

0.06%

3-for-1

JKG

IMCB

iShares Morningstar Mid-Cap ETF
Inception Date: June 28, 2004; NAV as of 3/17/21: $878.6m

No change

The ETF seeks to track the investment results of an index composed of mid-capitalization U.S. equities.

No change

Morningstar US Mid Core Index

Morningstar US Mid Cap Index

0.25%

0.04%

4-for-1

JKH

IMCG

iShares Morningstar Mid-Cap Growth ETF
Inception Date: June 28, 2004; NAV as of 3/17/21: $1.56b

No change

The ETF seeks to track the investment results of an index composed of mid-capitalization U.S. equities that exhibit growth characteristics.

No change

Morningstar US Mid Growth Index

Morningstar US Mid Cap Broad Growth Index

0.30%

0.06%

6-for-1

JKL

ISCV

iShares Morningstar Small-Cap Value ETF
Inception Date: June 28, 2004; NAV as of 3/17/21: $439.4

 

No change

The ETF seeks to track the investment results of an index composed of small-capitalization U.S. equities that exhibit value characteristics.

No change

Morningstar US Small Value Index

Morningstar US Small Cap Broad Value Extended Index

0.30%

0.06%

3-for-1

JKJ

ISCB

iShares Morningstar Small-Cap ETF
Inception Date: June 28, 2004; NAV as of 3/17/21: $258.9

 

No change

The ETF seeks to track the investment results of an index composed of small-capitalization U.S. equities.

No change

Morningstar US Small Core Index

Morningstar US Small Cap Extended Index

0.25%

0.04%

4-for-1

JKK

ISCG

iShares Morningstar Small-Cap Growth ETF
Inception Date: June 28, 2004; NAV as of 3/17/21: $834.5

No change

The ETF seeks to track the investment results of an index composed of small-capitalization U.S. equities that exhibit growth characteristics.

No change

Morningstar US Small Growth Index

Morningstar US Small Cap Broad Growth Extended Index

0.30%

0.06%

6-for-1

About BlackRock

BlackRock’s purpose is to help more and more people experience financial well-being. As a fiduciary to investors and a leading provider of financial technology, we help millions of people build savings that serve them throughout their lives by making investing easier and more affordable. For additional information on BlackRock, please visit www.blackrock.com/corporate | Twitter: @blackrock | LinkedIn: www.linkedin.com/company/blackrock

About iShares

iShares unlocks opportunity across markets to meet the evolving needs of investors. With more than twenty years of experience, a global line-up of 900+ exchange traded funds (ETFs) and $2.67 trillion in assets under management as of December 31, 2020, iShares continues to drive progress for the financial industry. iShares funds are powered by the expert portfolio and risk management of BlackRock, trusted to manage more money than any other investment firm.1

Carefully consider the Funds' investment objectives, risk factors, and charges and expenses before investing. This and other information can be found in the Funds' prospectuses or, if available, the summary prospectuses which may be obtained by visiting www.iShares.com or www.blackrock.com. Read the prospectus carefully before investing.

Investing involves risk, including possible loss of principal.

The iShares Funds are distributed by BlackRock Investments, LLC (together with its affiliates, “BlackRock”). The iShares Funds are not sponsored, endorsed, issued, sold or promoted by Morningstar, Inc., nor does this company make any representation regarding the advisability of investing in the Funds. BlackRock is not affiliated with Morningstar, Inc.

iSHARES and BLACKROCK are registered trademarks of BlackRock, Inc., or its subsidiaries. All other marks are the property of their respective owners.

___________________________
1 Based on $8.68 trillion in AUM as of 12/31/20

Contacts

MEDIA:
Soogyung Jordan
Soogyung.Jordan@BlackRock.com
646.276.5403

Federico Serrano
Federico.Serrano@BlackRock.com
646.352.2218

Contacts

MEDIA:
Soogyung Jordan
Soogyung.Jordan@BlackRock.com
646.276.5403

Federico Serrano
Federico.Serrano@BlackRock.com
646.352.2218