JKF

iShares Morningstar Large-Cap Value ETF

Equity

JKF

iShares Morningstar Large-Cap Value ETF

How To Buy

Overview

Why JKF?

1. Exposure to large U.S. companies that are thought to be undervalued by the market relative to comparable companies

 

2. Targeted access to a specific category of large-cap domestic stocks

 

3. Use to tilt your portfolio towards value stocks

INVESTMENT OBJECTIVE

The iShares Morningstar Large-Cap Value ETF seeks to track the investment results of an index composed of large-capitalization U.S. equities that exhibit value characteristics.
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Performance

Performance

  • Returns

  1y 3y 5y 10y Incept.
Total Return (%) Total return represents changes to the NAV and accounts for distributions from the fund. 13.17 7.08 12.22 3.91 6.65
Market Price (%) Market price return represents changes to the midpoint price and accounts for distributions from the fund. The midpoint is the average of the bid-ask prices at 4:00 PM ET (when NAV is normally determined for most funds). 13.16 7.10 12.22 3.90 6.64
Benchmark (%) Index: Morningstar Large Value Index 13.43 7.32 12.50 4.14 6.91
After Tax Pre-Liq. (%) Return after taxes on distributions. Assumes fund shares have not been sold. 12.45 6.36 11.51 3.34 6.10
After Tax Post-Liq. (%) Return after taxes on distributions and sale of fund shares. 8.00 5.40 9.68 3.03 5.41
  YTD 1m 3m 6m 1y 3y 5y 10y Incept.
Total Return (%) Total return represents changes to the NAV and accounts for distributions from the fund. 2.88 1.84 0.42 2.88 13.17 22.77 77.94 46.71 130.97
Market Price (%) Market price return represents changes to the midpoint price and accounts for distributions from the fund. The midpoint is the average of the bid-ask prices at 4:00 PM ET (when NAV is normally determined for most funds). 2.72 1.91 0.43 2.72 13.16 22.84 77.99 46.67 130.76
Benchmark (%) Index: Morningstar Large Value Index 2.98 1.87 0.46 2.98 13.43 23.59 80.17 49.97 138.48
After Tax Pre-Liq. (%) Return after taxes on distributions. Assumes fund shares have not been sold. 2.59 1.69 0.27 2.59 12.45 20.33 72.41 38.86 116.05
After Tax Post-Liq. (%) Return after taxes on distributions and sale of fund shares. 1.87 1.16 0.36 1.87 8.00 17.10 58.71 34.76 98.39
  2012 2013 2014 2015 2016
Total Return (%) Total return represents changes to the NAV and accounts for distributions from the fund. 12.56 28.54 8.93 -1.56 18.54
Market Price (%) Market price return represents changes to the midpoint price and accounts for distributions from the fund. The midpoint is the average of the bid-ask prices at 4:00 PM ET (when NAV is normally determined for most funds). 12.66 28.39 8.99 -1.59 18.78
Benchmark (%) Index: Morningstar Large Value Index 12.89 28.92 9.24 -1.43 18.91

The performance quoted represents past performance and does not guarantee future results. Investment return and principal value of an investment will fluctuate so that an investor’s shares, when sold or redeemed, may be worth more or less than the original cost. Current performance may be lower or higher than the performance quoted.

Growth of Hypothetical $10,000 The growth of hypothetical $10,000 chart reflects a hypothetical $10,000 investment and assumes reinvestment of dividends and capital gains. Fund expenses, including management fees and other expenses were deducted.

Performance chart data not available for display.
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Performance chart data not available for display.
The performance quoted represents past performance and does not guarantee future results. Investment return and principal value of an investment will fluctuate so that an investor’s shares, when sold or redeemed, may be worth more or less than the original cost. Current performance may be lower or higher than the performance quoted, and numbers may reflect small variances due to rounding. Standardized performance and performance data current to the most recent month end may be found in the Performance section.

Distributions

Ex-Date Total Distribution Income
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Distributions Schedule
Record Date Ex-Date Payable Date Total Distribution Current year distributions are not classified as “Income,” “Short-Term Capital Gains,” “Long-Term Capital Gains,” or “Return of Capital” until calendar year-end. Income ST Cap Gains LT Cap Gains Return of Capital

Past distributions are not indicative of future distributions.
Click here, for the most recent distributions.



The performance quoted represents past performance and does not guarantee future results. Investment return and principal value of an investment will fluctuate so that an investor’s shares, when sold or redeemed, may be worth more or less than the original cost. Current performance may be lower or higher than the performance quoted, and numbers may reflect small variances due to rounding. Standardized performance and performance data current to the most recent month end may be found in the Performance section.

Premium/Discount

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Key Facts

Key Facts

Net Assets as of 21-Jul-2017 $370,937,991
Inception Date 28-Jun-2004
Exchange NYSE Arca
Asset Class Equity
Benchmark Index Morningstar Large Value Index
Bloomberg Index Ticker MLVLT
Shares Outstanding as of 21-Jul-2017 3,850,000
Number of Holdings The number of holdings in the fund excluding cash positions and derivatives such as futures and currency forwards. as of 21-Jul-2017 80
Premium/Discount The amount the Fund is trading above or below the reported NAV expressed as a percentage of the NAV. When the fund's market price is greater than the fund’s NAV, it is said to be trading at a "Premium" and the percentage is expressed as a positive number. When the fund's market price is less than the fund’s NAV, it is said to be trading at a "Discount" and the percentage is expressed as a negative number. as of 21-Jul-2017 -0.04%
CUSIP 464288109
Closing Price The Closing Price is the price of the last reported trade on the fund’s primary exchange (see “Exchange” above). as of 21-Jul-2017 96.28
Mid-Point Price The midpoint between the highest bid and the lowest offer on the listing exchange, as of the time that the Fund's NAV is calculated (usually 4:00 pm eastern time for most funds). as of 21-Jul-2017 96.31
Options Available No
20 Day Avg. Volume Average Daily Volume (ADV) on primary exchange (see “Exchange” above); may differ from ADV reported by other sources, which may publish an aggregated ADV from all exchanges on which the ETF trades. as of 21-Jul-2017 3,685
Daily Volume The number of shares or contracts traded in a security or an entire market during a given period of time. It is simply the amount of shares that trade hands from sellers to buyers as a measure of activity. If a buyer of a stock purchases 100 shares from a seller, then the volume for that period increases by 100 shares based on that transaction. Volume shown is the volume that traded on the primary exchange (see “Exchange” above) as of the date indicated. as of 21-Jul-2017 2,777

Portfolio Characteristics

Portfolio Characteristics

P/E Ratio The price-to-earnings (P/E) ratio is a fundamental measure used to determine if an investment is valued appropriately. Each holding's P/E is the latest closing price divided by the latest fiscal year's earnings per share. Negative P/E ratios are excluded from this calculation. as of 21-Jul-2017 17.28
P/B Ratio The price-to-book value (P/B) ratio is a fundamental measure used to determine if an investment is valued appropriately. The book value of a company is a measure of how much a company's assets are worth assuming the company's debts are paid off. Each holding's P/B is the latest closing price divided by the latest fiscal year's book value per share. Negative book values are excluded from this calculation. as of 21-Jul-2017 2.03
Equity Beta Beta is a measure of the tendency of securities to move with the market as a whole. A beta of 1 indicates that the security&#39;s price will move with the market. A beta less than 1 indicates the security tends to be less volatile than the market, while a beta greater than 1 indicates the security is more volatile than the market.<br/><br/>Calculated vs. S&amp;P 500 as of 30-Jun-2017 0.99
Standard Deviation (3y) Standard deviation measures how dispersed returns are around the average. A higher standard deviation indicates that returns are spread out over a larger range of values and thus, more volatile. as of 30-Jun-2017 10.12%
Distribution Yield The annual yield an investor would receive if the most recent fund distribution and current fund price stayed the same going forward. It’s calculated by annualizing the most recent distribution and dividing by the fund’s net asset value (NAV) from the as-of date. as of 30-Jun-2017 2.46%
12m Trailing Yield The yield an investor would have received if they had held the fund over the last twelve months assuming the most recent NAV. The 12-Month yield is calculated by assuming any income distributions over the past twelve months and dividing by the sum of the most recent NAV and any capital gain distributions made over the past twelve months. as of 30-Jun-2017 2.60%
30 Day SEC Yield A standard calculation of yield introduced by the SEC in order to provide fairer comparison among funds. This yield reflects the interest earned after deducting the fund&#39;s expenses during the most recent 30-day period by the average investor in the fund. Negative 30-Day SEC Yield results when accrued expenses of the past 30 days exceed the income collected during the past 30 days. as of 30-Jun-2017 2.52%
This information must be preceded or accompanied by a current prospectus. For standardized performance, please see the Performance section above.

Holdings

Holdings

as of 21-Jul-2017
Ticker Name Sector Shares Market Value Weight (%) Price Exchange Notional Value
XOM EXXON MOBIL CORP Energy 271,576.00 $21,758,669.12 5.87 80.12 New York Stock Exchange Inc. 21,758,669.12
BRKB BERKSHIRE HATHAWAY INC CLASS B Financials 121,742.00 $20,859,274.28 5.62 171.34 New York Stock Exchange Inc. 20,859,274.28
JPM JPMORGAN CHASE & CO Financials 227,707.00 $20,696,289.23 5.58 90.89 New York Stock Exchange Inc. 20,696,289.23
WFC WELLS FARGO Financials 288,262.00 $15,615,152.54 4.21 54.17 New York Stock Exchange Inc. 15,615,152.54
PG PROCTER & GAMBLE Consumer Staples 163,924.00 $14,525,305.64 3.92 88.61 New York Stock Exchange Inc. 14,525,305.64
T AT&T INC Telecommunications 394,039.00 $14,386,363.89 3.88 36.51 New York Stock Exchange Inc. 14,386,363.89
PFE PFIZER INC Health Care 382,492.00 $12,805,832.16 3.45 33.48 New York Stock Exchange Inc. 12,805,832.16
PM PHILIP MORRIS INTERNATIONAL INC Consumer Staples 99,545.00 $11,903,591.10 3.21 119.58 New York Stock Exchange Inc. 11,903,591.10
C CITIGROUP INC Financials 176,463.00 $11,646,558.00 3.14 66.00 New York Stock Exchange Inc. 11,646,558.00
VZ VERIZON COMMUNICATIONS INC Telecommunications 261,457.00 $11,564,243.11 3.12 44.23 New York Stock Exchange Inc. 11,564,243.11
Ticker Name Asset Class Weight (%) Price Shares Market Value Notional Value Sector SEDOL ISIN Exchange
Detailed Holdings and Analytics Detailed portfolio holdings information and select key analytics
Holdings are subject to change.

Exposure Breakdowns

Exposure Breakdowns

as of 21-Jul-2017

% of Market Value

Type Fund
Allocations are subject to change.

Literature

Literature

 

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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 the iShares ETF and BlackRock Fund prospectus pages. Read the prospectus carefully before investing. Investing involves risk, including possible loss of principal.

Before engaging Fidelity or any broker-dealer, you should evaluate the overall fees and charges of the firm as well as the services provided. Fidelity and BlackRock have entered into a long-term marketing program that compensates Fidelity to promote iShares ETFs; as part of this agreement, Fidelity offers 70 iShares ETFs commission-free online for qualified buyers and sellers. Additional information about this arrangement, including any compensation, is contained in the ETF’s registration statement. ETFs are subject to a short–term trading fee by Fidelity, if held less than 30 days. Other conditions and fees may apply. See Fidelity.com/commissions for details. BlackRock is not affiliated with Fidelity or any of their affiliates.

The Funds are distributed by BlackRock Investments, LLC (together with its affiliates, “BlackRock”).

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USR-9694