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Trending ETFs

Name

As of 05/22/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$61.27

$18 M

1.91%

$1.19

0.25%

Vitals

YTD Return

6.9%

1 yr return

27.1%

3 Yr Avg Return

5.5%

5 Yr Avg Return

8.1%

Net Assets

$18 M

Holdings in Top 10

29.3%

52 WEEK LOW AND HIGH

$62.0
$47.31
$63.10

Expenses

OPERATING FEES

Expense Ratio 0.25%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 138.00%

Redemption Fee N/A


Min Investment

Standard (Taxable)

N/A

IRA

N/A


Fund Classification

Fund Type

Exchange Traded Fund


Name

As of 05/22/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$61.27

$18 M

1.91%

$1.19

0.25%

FOVL - Profile

Distributions

  • YTD Total Return 6.9%
  • 3 Yr Annualized Total Return 5.5%
  • 5 Yr Annualized Total Return 8.1%
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio 3.01%
DIVIDENDS
  • Dividend Yield 1.9%
  • Dividend Distribution Frequency Quarterly

Fund Details

  • Legal Name
    iShares Focused Value Factor ETF
  • Fund Family Name
    BlackRock-advised Funds
  • Inception Date
    Mar 19, 2019
  • Shares Outstanding
    500000
  • Share Class
    N/A
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Greg Savage

Fund Description

The Fund seeks to track the investment results of the Focused Value Select Index (the Underlying Index), which is an objective, rules-based, equal-weighted equity index provided by FTSE Russell (the Index Provider or Russell). The Underlying Index measures the performance of large- and mid-capitalization U.S. companies with prominent value factor characteristics, as determined by Russell. The Underlying Index is a subset of the Russell 1000® Index (the Parent Index), which measures the performance of the large- and mid-capitalization sector of the U.S. equity market, as defined by Russell.
The construction of the Underlying Index begins with the Parent Index and excludes companies that are ranked in the top 10% of index constituents based on a 12-month trailing realized volatility. This list is further narrowed to exclude the top 10% of the remaining companies ranked in the Parent Index with the most leverage, which is measured by comparing a company's total debt to its total assets. Following these two initial
screens for companies with these relatively more risky characteristics, the remaining companies are evaluated to exclude companies with a negative sentiment score, which is determined by examining the prospective earnings per share estimates for the current and following fiscal year. The remaining companies are then ranked based on a weighted composite score of four value factor metrics: price-to-book, price-to-dividend, price-to-earnings and price-to-cash flow from operations (the Composite Score). The top 40 ranked stocks are selected and equally weighted to form a baseline or target composition (the Target). The Underlying Index will be reviewed monthly and rebalanced to the Target if any of the following conditions are met: (i) the Underlying Index’s Composite Score is less than 80% of the Target’s Composite Score; (ii) the Underlying Index has fewer than 40 securities; (iii) the Underlying Index includes a security with weight greater than 20% of the Underlying Index; or (iv) the largest five securities by weight included in the Underlying Index have a weight greater than 50% of the Underlying Index. If no rebalance is triggered, the weights and the components securities of the Underlying Index and their weights remain unchanged.
As of March 31, 2023, a significant portion of the Underlying Index is represented by securities of companies in the consumer discretionary and financials industries or sectors. The components of the Underlying Index are likely to change over time.
BFA uses an indexing approach to try to achieve the Fund’s investment objective. Unlike many investment companies, the Fund does not try to beat the index it tracks and does not
seek temporary defensive positions when markets decline or appear overvalued.
Indexing may eliminate the chance that the Fund will substantially outperform the Underlying Index but also may reduce some of the risks of active management, such as poor security selection. Indexing seeks to achieve lower costs and better after-tax performance by aiming to keep portfolio turnover low in comparison to actively managed investment companies.
BFA uses a representative sampling indexing strategy to manage the Fund. Representative sampling is an indexing strategy that involves investing in a representative sample of securities that collectively has an investment profile similar to that of an applicable underlying index. The securities selected are expected to have, in the aggregate, investment characteristics (based on factors such as market capitalization and industry weightings), fundamental characteristics (such as return variability and yield) and liquidity measures similar to those of an applicable underlying index. The Fund may or may not hold all of the securities in the Underlying Index.
The Fund generally will invest at least 80% of its assets in the component securities of its Underlying Index and in investments that have economic characteristics that are substantially identical to the component securities of its Underlying Index (i.e., depositary receipts representing securities of the Underlying Index) and may invest up to 20% of its assets in certain futures, options and swap contracts, cash and cash equivalents, including shares of money market funds advised by BFA or its affiliates, as well as in securities not
included in the Underlying Index, but which BFA believes will help the Fund track the Underlying Index. Cash and cash equivalent investments associated with a derivative position will be treated as part of that position for the purposes of calculating the percentage of investments included in the Underlying Index. The Fund seeks to track the investment results of the Underlying Index before fees and expenses of the Fund.
The Fund may lend securities representing up to one-third of the value of the Fund's total assets (including the value of any collateral received).
The Underlying Index is sponsored by Russell, which is part of the London Stock Exchange Group and is independent of the Fund and BFA. The Index Provider determines the composition and relative weightings of the securities in the Underlying Index and publishes information regarding the market value of the Underlying Index.
Industry Concentration Policy. The Fund will concentrate its investments i.e., hold 25% or more of its total assets) in a particular industry or group of industries to approximately the same extent that the Underlying Index is concentrated. For purposes of this limitation, securities of the U.S. government (including its agencies and instrumentalities) and repurchase agreements collateralized by U.S. government securities are not considered to be issued by members of any industry.
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FOVL - Performance

Return Ranking - Trailing

Period FOVL Return Category Return Low Category Return High Rank in Category (%)
YTD 6.9% -1.3% 17.0% 56.25%
1 Yr 27.1% -1.5% 43.2% 14.13%
3 Yr 5.5%* -4.6% 14.7% 52.62%
5 Yr 8.1%* 0.3% 17.3% 79.26%
10 Yr N/A* 1.2% 12.2% 69.03%

* Annualized

Return Ranking - Calendar

Period FOVL Return Category Return Low Category Return High Rank in Category (%)
2023 14.4% -11.3% 33.3% 13.82%
2022 -12.3% -41.6% 2.3% 38.90%
2021 36.1% -41.5% 44.9% 2.47%
2020 -16.4% -29.0% 22.1% 99.16%
2019 N/A -8.1% 31.2% N/A

Total Return Ranking - Trailing

Period FOVL Return Category Return Low Category Return High Rank in Category (%)
YTD 6.9% -1.3% 17.0% 56.25%
1 Yr 27.1% -1.5% 43.2% 14.13%
3 Yr 5.5%* -4.6% 14.7% 52.62%
5 Yr 8.1%* 0.3% 17.3% 79.26%
10 Yr N/A* 1.2% 12.2% N/A

* Annualized

Total Return Ranking - Calendar

Period FOVL Return Category Return Low Category Return High Rank in Category (%)
2023 17.7% -3.7% 36.5% 15.99%
2022 -9.4% -35.0% 2.4% 66.30%
2021 40.1% 6.2% 48.3% 1.65%
2020 -13.2% -22.9% 23.2% 99.44%
2019 N/A -3.0% 35.7% N/A

FOVL - Holdings

Concentration Analysis

FOVL Category Low Category High FOVL % Rank
Net Assets 18 M 991 K 28 B 97.03%
Number of Holdings 44 8 2449 90.00%
Net Assets in Top 10 5.11 M 250 K 4.28 B 97.84%
Weighting of Top 10 29.27% 5.0% 104.2% 25.14%

Top 10 Holdings

  1. PINNACLE FINANCIAL PARTNERS INC 3.49%
  2. FRONTIER COMMUNICATIONS PARENT INC 3.08%
  3. WEBSTER FINANCIAL CORP 3.05%
  4. TOLL BROTHERS INC 2.95%
  5. FIRST HAWAIIAN INC 2.88%
  6. SYNOVUS FINANCIAL CORP 2.82%
  7. BUILDERS FIRSTSOURCE INC 2.78%
  8. CLEVELAND CLIFFS INC 2.76%
  9. FNB CORP PA 2.73%
  10. CAPITAL ONE FINANCIAL CORP 2.72%

Asset Allocation

Weighting Return Low Return High FOVL % Rank
Stocks
99.66% 52.93% 102.65% 16.22%
Cash
2.57% 0.00% 43.04% 30.27%
Other
0.02% -0.08% 8.33% 28.92%
Preferred Stocks
0.00% 0.00% 5.43% 96.76%
Convertible Bonds
0.00% 0.00% 0.02% 96.74%
Bonds
0.00% 0.00% 27.39% 96.76%

Stock Sector Breakdown

Weighting Return Low Return High FOVL % Rank
Financial Services
60.11% 0.00% 60.11% 0.27%
Consumer Cyclical
11.99% 0.00% 29.62% 36.68%
Basic Materials
9.70% 0.00% 23.88% 7.88%
Energy
6.19% 0.00% 29.17% 63.04%
Utilities
5.25% 0.00% 24.69% 59.78%
Technology
2.45% 0.00% 30.07% 95.11%
Real Estate
2.16% 0.00% 40.74% 85.87%
Consumer Defense
2.15% 0.00% 33.79% 91.03%
Industrials
0.00% 0.00% 29.02% 100.00%
Healthcare
0.00% 0.00% 32.47% 100.00%
Communication Services
0.00% 0.00% 19.80% 99.46%

Stock Geographic Breakdown

Weighting Return Low Return High FOVL % Rank
US
99.66% 52.93% 102.65% 12.70%
Non US
0.00% 0.00% 34.45% 97.03%

FOVL - Expenses

Operational Fees

FOVL Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.25% 0.01% 16.92% 96.22%
Management Fee 0.25% 0.00% 1.20% 4.32%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.01% 0.40% N/A

Sales Fees

FOVL Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 3.50% 5.75% N/A
Deferred Load N/A 1.00% 4.00% N/A

Trading Fees

FOVL Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 2.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

FOVL Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 138.00% 0.00% 227.00% 96.45%

FOVL - Distributions

Dividend Yield Analysis

FOVL Category Low Category High FOVL % Rank
Dividend Yield 1.91% 0.00% 22.79% 36.04%

Dividend Distribution Analysis

FOVL Category Low Category High Category Mod
Dividend Distribution Frequency Quarterly Annual Quarterly Annual

Net Income Ratio Analysis

FOVL Category Low Category High FOVL % Rank
Net Income Ratio 3.01% -1.84% 4.73% 1.36%

Capital Gain Distribution Analysis

FOVL Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Semi-Annually Annually

Distributions History

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FOVL - Fund Manager Analysis

Managers

Greg Savage


Start Date

Tenure

Tenure Rank

Mar 19, 2019

3.2

3.2%

Greg Savage, Managing Director; has been associated with BlackRock Fund Advisors since 2009. Mr. Savage has been a senior portfolio manager for BFA and BTC since 2009. Prior to his employment with BFA and BTC, Mr. Savage was a senior portfolio manager from 2006 to 2009 for BGFA and BGI and a portfolio manager from 2001 to 2006 for BGFA and BGI.

Amy Whitelaw


Start Date

Tenure

Tenure Rank

Mar 19, 2019

3.2

3.2%

Amy Whitelaw is Managing Director of BlackRock, Inc. since 2013 and was Director of the firm from 2009 to 2012. Ms. Whitelaw's service with the firm dates back to 1998, including her years with Barclays Global Investors (BGI), which merged with BlackRock in 2009. Ms. Whitelaw served as Principal of BGI from 2000 to 2009. Previously Ms. Whitelaw worked in the Transition Services group as a transition manager and strategist, and was also an international equity trader on BGI’s trading desk.

Jennifer Hsui


Start Date

Tenure

Tenure Rank

Mar 19, 2019

3.2

3.2%

Jennifer Hsui, Managing Director & Portfolio Manager at BlackRock Investment Management LLC has been employed by BlackRock Fund Advisors as a senior portfolio manager since 2007. Prior to that, Ms. Hsui was a portfolio manager from 2006 to 2007 for BGFA. She was a research analyst for RBC Capital Markets from 2003 to 2006.

Paul Whitehead


Start Date

Tenure

Tenure Rank

Jan 01, 2022

0.41

0.4%

Paul Whitehead is responsible for supporting the day-to-day management of the MML Blend Fund’s portfolio, including setting the Fund’s overall investment strategy and overseeing the management of the Fund. Mr. Whitehead is a Managing Director of BlackRock, Inc., Co-Head of Index Equity, and Co-Head of BlackRock’s ETF and Index Investments business. Mr. Whitehead also oversees the management of BlackRock’s Institutional and iShares funds. Mr. Whitehead was previously the Global Head of Equity Trading and the Global Head of Transition Management within BlackRock’s Global Trading Group. Mr. Whitehead’s service with the firm dates back to 1996, including his years with Barclays Global Investors, which merged with BlackRock in 2009. Prior to his current role, Mr. Whitehead was Head of Americas Equity Trading. Previously, he managed the trading team responsible for all Institutional Index funds, Exchange Traded funds, and Transition Management mandates. Mr. Whitehead represents BlackRock on the board of Luminex, a buy-side owned Alternative Trading System launched in 2015.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.08 35.59 8.28 10.92