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Critical Facts You Need to Know About Preferred Stocks
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iShares Factors US Value Style ETF
ETF
STLV
Payout Change
Pending
Price as of:
$25.675
+0.0
+0.0%
primary theme
N/A
STLV (ETF)
iShares Factors US Value Style ETF
Payout Change
Pending
Price as of:
$25.675
+0.0
+0.0%
primary theme
N/A
STLV (ETF)
iShares Factors US Value Style ETF
Payout Change
Pending
Price as of:
$25.675
+0.0
+0.0%
primary theme
N/A
Name
As of 10/30/2023Price
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
Vitals
YTD Return
-1.3%
1 yr return
-0.3%
3 Yr Avg Return
10.4%
5 Yr Avg Return
N/A
Net Assets
$2.86 M
Holdings in Top 10
22.2%
52 WEEK LOW AND HIGH
$25.7
$25.40
$28.71
Expenses
OPERATING FEES
Expense Ratio 0.25%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 104.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
N/A
IRA
N/A
Fund Classification
Fund Type
Exchange Traded Fund
Name
As of 10/30/2023Price
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
STLV - Profile
Distributions
- YTD Total Return -1.3%
- 3 Yr Annualized Total Return 10.4%
- 5 Yr Annualized Total Return N/A
- Capital Gain Distribution Frequency N/A
- Net Income Ratio 2.37%
- Dividend Yield 5.9%
- Dividend Distribution Frequency Quarterly
Fund Details
-
Legal NameiShares Factors US Value Style ETF
-
Fund Family NameBlackRock-advised Funds
-
Inception DateJan 14, 2020
-
Shares Outstanding250000
-
Share ClassN/A
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerJennifer Hsui
Fund Description
The Fund seeks to track the investment results of the Russell US Large Cap Factors Value Style Index (the “Underlying Index”), which is an objective, rules-based equity index provided by FTSE Russell (the “Index Provider” or “Russell”). The Underlying Index is designed to select equity securities from the Russell 1000® Value Index (the “Parent Index”), which in turn is a subset of the Russell 1000 Index (the “Russell 1000”). The Underlying Index is designed to select equity securities from the Parent Index with exposure to five equity style factors (momentum, quality, value, size, and low volatility) while maintaining a level of risk similar to that of the Parent Index. The Parent Index determines value by measuring the performance of equity securities of Russell 1000 issuers with lower price-to-book ratios relative to all issuers within the Russell 1000. The Underlying Index includes large- and mid-capitalization companies, as defined by the Index Provider.
Russell, in selecting equity securities from the Parent Index, assigns a
weighted composite score to each security using a proprietary model based on five commonly-used equity style factors (momentum, quality, value, size, and low volatility). The value score is calculated from the following value factor metrics: 12-month trailing book-to-price, dividend yield, earnings yield and cash flow yield (i.e., cash flow divided by the full market capitalization). The momentum score is calculated from three momentum factor metrics: price momentum, earnings momentum and earnings announcement drift (i.e., the difference between a stock's performance on and immediately following an earnings announcement date). The quality score is calculated from four quality factor metrics: gross profitability, dilution, accruals and changes in net operating assets. The low volatility score is calculated based on a 12-month trailing realized volatility, and the size score seeks to measure the market capitalization of each company as compared to other companies of the Parent Index.
As of March 31, 2023, the Underlying Index consisted of 198 component securities. As of March 31, 2023, a significant portion of the Underlying Index is represented by securities of companies in the financials industry or sector. The components of the Underlying Index are likely to change over time.
The Underlying Index is reviewed monthly using an optimization process designed to maximize, in aggregate, the Underlying Index's exposure to the weighted combination of five target investment style factors while maintaining a total risk similar to that of the Parent Index.
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.
STLV - Performance
Return Ranking - Trailing
| Period | STLV Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | -1.3% | -13.4% | 24.4% | 94.21% |
| 1 Yr | -0.3% | -13.3% | 21.1% | 73.95% |
| 3 Yr | 10.4%* | -0.3% | 20.7% | 27.73% |
| 5 Yr | N/A* | -1.2% | 14.2% | 59.28% |
| 10 Yr | N/A* | -0.4% | 11.3% | 70.15% |
* Annualized
Return Ranking - Calendar
| Period | STLV Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | -11.5% | -41.6% | 2.3% | 32.18% |
| 2022 | 22.4% | -41.5% | 44.9% | 39.73% |
| 2021 | N/A | -29.0% | 22.1% | N/A |
| 2020 | N/A | -8.1% | 32.7% | N/A |
| 2019 | N/A | -36.8% | -7.2% | N/A |
Total Return Ranking - Trailing
| Period | STLV Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | -1.3% | -13.4% | 24.4% | 94.21% |
| 1 Yr | -0.3% | -13.3% | 21.1% | 73.95% |
| 3 Yr | 10.4%* | -0.3% | 20.7% | 27.73% |
| 5 Yr | N/A* | -1.2% | 14.2% | N/A |
| 10 Yr | N/A* | -0.4% | 11.3% | N/A |
* Annualized
Total Return Ranking - Calendar
| Period | STLV Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | -8.6% | -35.0% | 2.4% | 55.59% |
| 2022 | 25.2% | 6.2% | 48.3% | 77.60% |
| 2021 | N/A | -22.9% | 23.2% | N/A |
| 2020 | N/A | 5.5% | 37.0% | N/A |
| 2019 | N/A | -22.3% | -4.1% | N/A |
STLV - Holdings
Concentration Analysis
| STLV | Category Low | Category High | STLV % Rank | |
|---|---|---|---|---|
| Net Assets | 2.86 M | 991 K | 26.1 B | 98.17% |
| Number of Holdings | 172 | 8 | 2525 | 18.59% |
| Net Assets in Top 10 | 925 K | 258 K | 5.04 B | 98.69% |
| Weighting of Top 10 | 22.25% | 5.3% | 100.0% | 45.81% |
Top 10 Holdings
- Johnson Johnson 3.46%
- Merck Co Inc 3.14%
- Evercore Inc 2.40%
- Lazard Ltd 2.19%
- Jefferies Financial Group Inc 2.11%
- Chesapeake Energy Corp 2.00%
- Louisiana-Pacific Corp 1.84%
- Verizon Communications Inc 1.75%
- Pfizer Inc 1.71%
- Otis Worldwide Corp 1.66%
Asset Allocation
| Weighting | Return Low | Return High | STLV % Rank | |
|---|---|---|---|---|
| Stocks | 99.67% | 56.38% | 106.24% | 15.97% |
| Cash | 1.30% | 0.00% | 43.98% | 52.62% |
| Preferred Stocks | 0.00% | 0.00% | 7.89% | 75.13% |
| Other | 0.00% | -1.97% | 6.58% | 84.29% |
| Convertible Bonds | 0.00% | 0.00% | 0.02% | 75.26% |
| Bonds | 0.00% | 0.00% | 33.60% | 75.13% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | STLV % Rank | |
|---|---|---|---|---|
| Financial Services | 23.59% | 0.00% | 60.11% | 13.42% |
| Healthcare | 17.54% | 0.00% | 32.47% | 3.95% |
| Industrials | 11.06% | 0.00% | 29.02% | 78.95% |
| Consumer Defense | 10.35% | 0.00% | 33.79% | 8.95% |
| Technology | 8.93% | 0.00% | 30.07% | 60.53% |
| Consumer Cyclical | 8.08% | 0.00% | 29.62% | 80.26% |
| Energy | 6.27% | 0.00% | 29.17% | 61.58% |
| Utilities | 4.62% | 0.00% | 24.69% | 64.74% |
| Communication Services | 4.60% | 0.00% | 19.80% | 25.53% |
| Real Estate | 2.79% | 0.00% | 40.74% | 81.84% |
| Basic Materials | 2.17% | 0.00% | 23.88% | 89.47% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | STLV % Rank | |
|---|---|---|---|---|
| US | 99.67% | 55.91% | 106.24% | 14.40% |
| Non US | 0.00% | 0.00% | 33.52% | 81.68% |
STLV - Expenses
Operational Fees
| STLV Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 0.25% | 0.01% | 20.26% | 96.07% |
| Management Fee | 0.25% | 0.00% | 1.20% | 4.19% |
| 12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
| Administrative Fee | N/A | 0.01% | 0.40% | N/A |
Sales Fees
| STLV 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
| STLV 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.
| STLV Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 104.00% | 0.00% | 227.00% | 93.95% |
STLV - Distributions
Dividend Yield Analysis
| STLV | Category Low | Category High | STLV % Rank | |
|---|---|---|---|---|
| Dividend Yield | 5.87% | 0.00% | 9.13% | 2.09% |
Dividend Distribution Analysis
| STLV | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Quarterly | Annual | Monthly | Annual |
Net Income Ratio Analysis
| STLV | Category Low | Category High | STLV % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 2.37% | -1.84% | 4.73% | 2.37% |
Capital Gain Distribution Analysis
| STLV | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Semi-Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Oct 02, 2023 | $0.377 | OrdinaryDividend |
| Jun 13, 2023 | $0.136 | OrdinaryDividend |
| Mar 29, 2023 | $0.126 | OrdinaryDividend |
| Dec 19, 2022 | $0.260 | OrdinaryDividend |
| Sep 30, 2022 | $0.302 | OrdinaryDividend |
| Jun 15, 2022 | $0.132 | OrdinaryDividend |
| Mar 30, 2022 | $0.153 | OrdinaryDividend |
| Dec 17, 2021 | $0.146 | OrdinaryDividend |
| Sep 30, 2021 | $0.247 | OrdinaryDividend |
| Jun 16, 2021 | $0.121 | OrdinaryDividend |
| Mar 31, 2021 | $0.140 | OrdinaryDividend |
| Dec 18, 2020 | $0.174 | OrdinaryDividend |
| Sep 29, 2020 | $0.155 | OrdinaryDividend |
| Jun 19, 2020 | $0.113 | OrdinaryDividend |
| Mar 31, 2020 | $0.133 | OrdinaryDividend |
STLV - Fund Manager Analysis
Managers
Jennifer Hsui
Start Date
Tenure
Tenure Rank
Jan 14, 2020
2.38
2.4%
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.
Amy Whitelaw
Start Date
Tenure
Tenure Rank
Jan 14, 2020
2.38
2.4%
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.
Greg Savage
Start Date
Tenure
Tenure Rank
Jan 14, 2020
2.38
2.4%
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.
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 | 8.57 | 10.92 |
