iShares Factors US Value Style ETF (STLV) is an exchange-traded fund that seeks to track the investment results of the Russell US Large Cap Factors Value Style Index, which selects U.S. large- and mid-capitalization stocks exhibiting value characteristics based on multiple investment factors including earnings, cash flow, and other financial metrics. The fund provides investors with exposure to a diversified portfolio of equity securities focused on value styles within the large-cap segment of the U.S. equity market; it offers low-cost access to this strategy through shares listed on the Cboe exchange. Managed by BlackRock's iShares brand with an expense ratio of 0.25%, STLV targets institutional and retail investors seeking factor-based value investing in U.S. equities.
Launched on January 14, 2020, and headquartered in New York at BlackRock's global base, the ETF operated primarily in the U.S. market with assets under management peaking at approximately $2.7 million before its closure. iShares, part of BlackRock Inc., specializes in a broad array of ETFs across equity, fixed income, commodities, and multi-asset segments, serving clients worldwide from its operations in over 25 countries.
In a major strategic change announced by BlackRock in August 2023, STLV ceased trading and accepting creation or redemption orders after market close on October 30, 2023, as part of an ongoing product lineup review to align with evolving client needs; the fund liquidated its holdings, distributing cash proceeds to shareholders around November 2, 2023, at a net asset value of approximately $25.69 per share. This closure reflects broader industry consolidation among low-AUM factor ETFs, with no subsequent relaunches or reorganizations reported for STLV. The fund had no notable partnerships, acquisitions, or new product expansions in the 1-2 years prior to its termination.