IMCV ETF — iShares Morningstar Mid-Cap Value ETF

iShares Morningstar Mid-Cap Value ETF (IMCV)

Updated October 16, 2026.

IMCV is a low-cost ETF. its distribution rate is 2.15%, its trailing-12-month yield is 1.89%, its expense ratio is 0.06%. Dividend Vision Distribution Safety Score™ is 95/100 (Safe). Total return is 724.7% over the past 22.3 years, 201.1 points behind SPY at 925.8%.

This ETF tracks a Morningstar index of mid-capitalization U.S. stocks with value characteristics, selecting companies that exhibit low valuations based on metrics such as price-to-earnings, price-to-book, and dividend yield. The fund offers a modest current distribution rate with quarterly distributions and carries a very low expense ratio of 0.06%. It appeals to value-oriented income investors seeking mid-cap exposure with minimal fees.

IMCV performance versus SPY

Price and return data through 2026-10-16.

Total return is 724.7% over the past 22.3 years, 201.1 points behind SPY at 925.8%. Over the past year its total return — price change plus distributions reinvested — is 25.0%. Its deepest 1-year drawdown was 6.9%.

IMCV key facts

Distribution Safety Score™

95 · Safe

Safety-Adjusted Yield

2.04%

Issuer

iShares

Asset type

ETF

Asset class

Equity

Inception date

06/28/2004

Expense ratio

0.06%

Distribution rate

2.15%

Distribution frequency

Quarterly

Trailing yield

1.89%

Last close

$96.44 (as of 2026-10-16)

AUM

$1,148,149,817

Average volume

35782.0

Dividend

$0.518

Ex-dividend date

09/15/2026

Payment date

09/18/2026

Beta

0.74

How Dividend Vision calculates yield and returns

Distribution rate (2.15%) uses calculation basis unavailable. Issuer rates can use a different denominator and date, including ex-date NAV. Trailing-12-month yield (1.89%) is the sum of split-adjusted cash distributions with ex-dates in the last 12 months, divided by the published price. 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.

Yield and safety methodology · 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.

IMCV risks and drawbacks

IMCV'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. Total return has trailed SPY over the available window. The deepest 1-year drawdown on record here is 6.9%.

Who may consider IMCV — and who may not

IMCV may suit someone looking for low-cost broad dividend exposure, a high Distribution Safety Score, moderate current income with a quality tilt. It is a weaker fit for investors who need monthly cash flow (IMCV pays quarterly); investors hunting double-digit covered-call yields; investors whose main goal is matching SPY total return. This is educational context, not a recommendation to buy or sell.

More on IMCV

• All tickers starting with I

Tagged: Value, Mid Cap.

Frequently asked questions

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