iShares Morningstar U.S. Equity ETF
JKD
New York Stock Exchange Arca- -
USD
- -
- -
Capital Structure
FRC
•
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
- San Francisco United States of America
- IPO Date
- Jan 2, 2009
- CIK
- 0001100663
- Similar Companies
- Business
- iShares Morningstar U.S. Equity ETF (JKD) is an exchange-traded fund that seeks to track the investment results of an index composed of large- and mid-capitalization U.S. equities exhibiting a blend of growth and value characteristics, as determined by Morningstar, Inc.'s proprietary methodology; the fund generally invests at least 90% of its assets in the securities of the underlying Morningstar US Large-Mid Cap IndexSM or in depositary receipts representing those securities. Launched on June 28, 2004, and sponsored by BlackRock through iShares Trust headquartered in San Francisco, California, the ETF provides investors with exposure to a diversified portfolio of U.S. large- and mid-cap stocks across various sectors, targeting institutional and retail investors seeking core equity market participation. The fund operates primarily in the United States, listing on NYSE Arca, with an expense ratio of 0.03% and assets under management approximating $1.01 billion to $1.11 billion. In a significant strategic update implemented no earlier than March 19, 2021, the ETF transitioned from tracking the Morningstar US Large Core Index—focused exclusively on large-cap core stocks—to the broader Morningstar US Large-Mid Cap Index, incorporating mid-capitalization equities to enhance diversification and align with Morningstar's evolved style box methodology. This index reconstitution and rebalancing, occurring twice annually for reconstitution and quarterly for weights, accompanied a name change from iShares Morningstar Large-Cap ETF to its current designation, while retaining the JKD ticker symbol in some listings despite references to ILCB in others. The ETF maintains a passive management approach, holding component stocks in index proportions without pursuing sustainable, ESG, or impact strategies, and distributes dividends quarterly with a recent yield around 1.16%. It competes within the large-cap blend segment of the U.S. equity ETF market, offering low-cost access to approximately 90%+ index replication for long-term portfolio core holdings.