Should iShares Morningstar Mid-Cap Value ETF (IMCV) Be on Your Investing Radar?

Core Viewpoint - The iShares Morningstar Mid-Cap Value ETF (IMCV) is a passively managed fund that aims to provide broad exposure to the Mid Cap Value segment of the US equity market, with assets exceeding $727.04 million, making it an average-sized ETF in this category [1] Group 1: Fund Overview - Launched on June 28, 2004, IMCV is sponsored by Blackrock and focuses on mid-cap companies with market capitalizations between $2 billion and $10 billion, which are seen as having higher growth prospects compared to large-cap companies while being less risky than small-cap firms [1][2] - The ETF has an annual operating expense ratio of 0.06%, making it one of the least expensive options in its category, and it offers a 12-month trailing dividend yield of 2.5% [4] Group 2: Sector Exposure and Holdings - The ETF has a significant allocation to the Financials sector, comprising about 19.8% of the portfolio, followed by Industrials and Utilities [5] - Capital One Financial Corp (COF) is the largest individual holding at approximately 2.41% of total assets, with the top 10 holdings accounting for about 12.21% of total assets under management [6] Group 3: Performance Metrics - IMCV aims to match the performance of the Morningstar US Mid Cap Broad Value Index, with a year-to-date return of approximately 5.32% and a one-year return of about 12.7% as of August 6, 2025 [7] - The ETF has a beta of 0.95 and a standard deviation of 16.7% over the trailing three-year period, indicating effective diversification with around 286 holdings [8] Group 4: Alternatives and Market Position - IMCV carries a Zacks ETF Rank of 3 (Hold), suggesting it is a reasonable option for investors seeking exposure to the Mid Cap Value segment [10] - Other alternatives in the market include the iShares Russell Mid-Cap Value ETF (IWS) with $13.44 billion in assets and an expense ratio of 0.23%, and the Vanguard Mid-Cap Value ETF (VOE) with $18.18 billion in assets and an expense ratio of 0.07% [11]