iShares Morningstar Small-Cap Growth ETF (JKK) is an exchange-traded fund that seeks to track the investment results of the Morningstar US Small Cap Broad Growth Extended Index, composed of small-capitalization U.S. equities that exhibit growth characteristics as determined by Morningstar's proprietary methodology; the fund generally invests at least 90% of its assets in securities of the underlying index and depositary receipts representing those securities. It provides investors with exposure to a diversified portfolio of approximately 230 small-cap growth stocks, with top sector allocations including technology services (23.08%), health technology (18.25%), electronic technology (13.01%), and finance (11.28%); the fund emphasizes above-average growth characteristics in companies traded on NYSE, AMEX, or NASDAQ. Launched on June 28, 2004, JKK is issued and managed by BlackRock Fund Advisors, a subsidiary of BlackRock, Inc., and is headquartered in the United States with operations focused on U.S. equity markets.
The ETF targets institutional and retail investors seeking small-cap growth opportunities, offering low-cost access with an expense ratio of 0.06%, a management fee of 0.06%, and no acquired fund fees or other expenses; it distributes dividends quarterly and has demonstrated historical annualized returns such as 11.74% over one year, 17.10% over three years, and 8.87% since inception as of recent data. Assets under management stand at approximately $773 million, with the top 10 holdings comprising 10.36% of assets for balanced diversification.
In recent developments, JKK continues to align with the Morningstar US Small Cap Broad Growth Extended IndexSM without reported changes to its core strategy, partnerships, or acquisitions within the last 1-2 years; the fund maintains its focus on representative sampling to mirror index performance amid ongoing market volatility in small-cap growth segments. No major funding rounds, new product launches, name changes, or operational reorganizations have been announced recently, reflecting stability under BlackRock's management as of late 2025.