ILCB ETF — iShares Morningstar U.S. Equity ETF

iShares Morningstar U.S. Equity ETF (ILCB)

ILCB is a low-cost ETF. its distribution rate is 1.05%, its trailing-12-month yield is 0.99%, its expense ratio is 0.03%. Dividend Vision Distribution Safety Score™ is 100/100 (Safe). Total return is 959.8% over the past 22.2 years, 45.3 points ahead of SPY at 914.5%.

At the current 1.05% distribution rate, a $10,000 investment would generate approximately $105 per year, or about $26.25 per quarter if the next payment matches the last regular one.

iShares Morningstar U.S. Equity ETF is an exchange-traded fund that tracks a Morningstar-constructed index of large- and mid-cap U.S. stocks selected for combined growth and value characteristics, holding at least 80% of its assets in index component securities. The fund carries a modest current distribution rate with quarterly payouts and an expense ratio of 0.03%. It appeals to equity investors seeking broad large-cap U.S. exposure with a low-cost, passively managed structure.

ILCB performance versus SPY

Price and return data through 2026-09-18.

Total return is 959.8% over the past 22.2 years, 45.3 points ahead of SPY at 914.5%. Over the past year its total return — price change plus distributions reinvested — is 16.3%. Its deepest 1-year drawdown was 9.1%.

ILCB key facts

Distribution Safety Score™

100 · Safe

Safety-Adjusted Yield

1.05%

Issuer

iShares

Asset type

ETF

Asset class

Equity

Inception date

06/28/2004

Expense ratio

0.03%

Distribution rate

1.05%

Distribution frequency

Quarterly

Trailing yield

0.99%

Last close

$105.55 (as of 2026-09-18)

NAV

$104.25

Premium / discount

1.25% premium

AUM

$1,291,973,198

Average volume

20417.0

Next dividend

$0.278

Last ex-dividend date

09/15/2026 (as of 2026-09-15)

Next payment date

09/18/2026 (as of 2026-09-18)

Beta

1.02

P/E ratio

24.6906

How Dividend Vision calculates yield and returns

Distribution rate (1.05%) is the latest regular payout annualized by the fund's stated frequency, divided by the last close. Issuers often publish this as “Distribution Rate” on the fact sheet. Trailing-12-month yield (0.99%) is the sum of distributions paid in the last 12 months, split-adjusted, divided by the last close. It lags a recent raise or cut. Total return uses split-adjusted close with distributions reinvested on the ex-dividend date (a modeling convention, not the cash-settlement date) from the first stored bar on or after inception through the latest bar, compared with the same window on the benchmark. That is the security's total return, not your personal gain/loss.

Distribution rate methodology · Distribution Safety Score methodology

Sources and review

Primary sources: iShares; prices and distributions from Dividend Vision, derived from vendor EOD data.

Reviewed by Bert Sweet, CEO and Co-owner of Dividend Vision. Methodology: Distribution Safety Score.

ILCB risks and drawbacks

ILCB's current distribution rate is moderate, not a high-yield payout — the strategy is dividend quality more than maximum income. Payments are quarterly, so cash flow is lumpy versus a monthly fund. The deepest 1-year drawdown on record here is 9.1%.

Who may consider ILCB — and who may not

ILCB may suit someone looking for low-cost broad dividend exposure, a high Distribution Safety Score. It is a weaker fit for investors who need monthly cash flow (ILCB pays quarterly); investors hunting double-digit covered-call yields. This is educational context, not a recommendation to buy or sell.

Frequently asked questions

More securities from iShares.