NEW YORK--(BUSINESS WIRE)--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
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Current Fund Name |
New Fund Name |
Current
|
New
|
Former
|
New
|
Former Expense Ratio |
New Expense Ratio |
Forward Share Split Ratio for
|
JKF |
ILCV |
iShares Morningstar Large-Cap Value ETF
|
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
|
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
|
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
|
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
|
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
|
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
|
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
|
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
|
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.
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1 Based on $8.68 trillion in AUM as of 12/31/20