- Last Ratings Update:09/30/2014
- Price as of 09/30/2014 :$120.31
- Net Assets:$4,275.8 Million
- Peer Rank:81 of 287
- Investment Rating:B+
We rate iShares S&P Mid Cap 400 Value at B+. This overall rating indicates it is among the top 10% of all closed end funds in its peer group. Positive factors that influence this rating include a well above average total return, low price volatility, low expense structure and long term portfolio management tenure. The fund invests approximately 100% of its assets in stocks and may be considered for investors seeking a Growth - Domestic strategy.
POSITIVES AND RISKS
Total return ranks very high in comparison with peers over the last three years. The iShares S&P Mid Cap 400 Value has returned an annual rate of 10.72% since inception. More recently, the fund has generated a total return of 15.46% in the last five years, 23.13% in the last three years, and 11.66% in the last year. How does that compare to other equity funds? In the last five years, it has outperformed 82% of them. It has also outpaced 89% of its competitors on a three year basis and 61% of them over the last year for the period ending 9/30/2014. On a year to date basis, IJJ has returned 4.13%.
Downside risk has been below average. IJJ has a draw down risk of -7.01%, which is the largest price decline experienced over the last three years. This fund has a three year standard deviation of 13.3%. This fund has had moderate volatility in its monthly performance over the last 36 months. As of 9/30/2014, the fund was trading at a price of $120.31, which is 6.4% below its 52-week high of $128.50 and 0.0% above its 52-week low of $120.31.
Low expense ratio helps performance. On total assets of $4.28 billion, IJJ maintains a low expense ratio compared to its Growth - Domestic peers of just 0.25% to cover all operating costs. Brokerage costs for the fund to buy and sell shares are not included in the expense ratio. As IJJ is an exchange traded fund, it has no front end or back end load.
The iShares S&P Mid Cap 400 Value is managed by Diane Hsiung at BlackRock Fund Advisors. This fund is one of 310 BlackRock Fund Advisors exchange-traded funds launched since 3/12/1996 that we track.
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