iShares Focused Value Factor ETF
FOVL
New York Stock Exchange Arca- -
USD
- -
- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
FRC
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 400 Howard Street San Francisco CA United States of America 94105
- IPO Date
- Mar 21, 2019
- CIK
- 0001100663
- Similar Companies
- Business
- iShares Focused Value Factor ETF (FOVL) is an exchange-traded fund that seeks to track the investment results of the Focused Value Select Index, composed of U.S. large- and mid-capitalization stocks exhibiting prominent value characteristics. The Fund employs an objective, rules-based methodology that initially screens out the top 10% of constituents based on 12-month realized volatility and the top 10% with the most leverage; remaining companies are further evaluated to exclude those with negative sentiment scores derived from prospective earnings per share estimates, followed by ranking based on a composite score of four value metrics including price-to-book, price-to-dividend, price-to-earnings, and price-to-cash flow from operations. It provides concentrated exposure to approximately 40 selected value-oriented equities, with historical holdings overweight in financial services and utilities sectors such as First Horizon Corp, Axis Capital Holdings Ltd, and Entergy Corp; the portfolio targets institutional and retail investors seeking cost-efficient access to U.S. value factors via a transparent ETF structure with a 0.25% expense ratio and quarterly distributions. Operated by BlackRock under the iShares brand, FOVL focuses exclusively on U.S. equity markets without pursuing sustainable, impact, or ESG strategies. The Fund was launched on March 19, 2019, and is domiciled in the United States with administrative operations headquartered in New York. It serves as a standalone product within BlackRock's extensive lineup of over 700 U.S.-domiciled mutual funds and ETFs, catering to investors aiming for enhanced value exposure while managing unrewarded risk. In a significant recent development announced by BlackRock on June 13, 2025, the iShares Focused Value Factor ETF is scheduled for closure and liquidation, with trading to cease after market close on August 18, 2025, and proceeds distributed to shareholders on or around August 21, 2025; this move aligns with BlackRock's ongoing portfolio review to better meet evolving client needs amid low assets under management, recently reported at approximately $25.68 million. Prior to liquidation, the Fund continued quarterly distributions, including $0.4005 declared on June 16, 2025. No major partnerships, acquisitions, or new product launches were noted in the last 1-2 years, reflecting a strategic contraction in underutilized factor-based offerings.