At a glance
BLCV charges 0.46% a year, below the 0.49% average of the 3 funds most like it (the 2nd cheapest of 4). It has $104.5M in assets, the 3rd largest of that group; it paid 3.52% of its price in distributions over the past 12 months, quarterly. Over the past year it returned +23.5% with distributions reinvested (S&P 500: +11.5%), the best of those 4 funds; over three years it returned +23.6% a year. Its ten largest positions make up 27.5% of the fund, out of 61 in all.
The short version
iShares Large Cap Value Active ETF (BLCV) is a BlackRock fund whose managers pick about 60 large, mostly U.S. value stocks instead of tracking an index. It costs 0.46% a year after a fee waiver, below the 0.49% average of similar funds, and yielded 3.52% over the 12 months to October 27, 2026. It is young and small: it launched in May 2023 and held about $105 million as of January 31, 2026.
Price history
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BLCV +23.5% over the year to Oct 27, 2026, total return with distributions reinvested.
How it has behaved
| YTD | 1 yr | 3 yr | 5 yr | 10 yr | Since start | |
|---|---|---|---|---|---|---|
| BLCV official prospectus, to Dec 31, 2024 | — | +12.51% | — | — | — | +17.50% |
| BLCV price data to Oct 27, 2026 | +16.9% | +23.5% | +23.6% | — | — | +20.1% |
- Over the year to Oct 27, 2026, BLCV returned +23.5%, 1st of 4 among similar funds.
- Its worst full calendar year was 2024 (+12.6%); its best was 2025 (+23.1%).
- The deepest fall in its price history was 13.5% (Nov 29, 2024 to Apr 8, 2025), recovered by May 19, 2025.
Show as a table
| Year | Price data | Prospectus (official) |
|---|---|---|
| 2026 (to date) | +16.9% | — |
| 2025 | +23.1% | — |
| 2024 | +12.6% | +12.51% |
| 2008 financial crisis stocks fell Oct 9, 2007 – Mar 9, 2009 | Before this security existed |
|---|---|
| 2020 COVID crash stocks fell Feb 19, 2020 – Mar 23, 2020 | Before this security existed |
| 2022 bear market stocks fell Jan 3, 2022 – Oct 12, 2022 | Before this security existed |
Dividends and income
Show as a table
| Year | Per share | Change |
|---|---|---|
| 2026 (to date) | $0.3800 | |
| 2025 | $1.4806 | +190.3% |
| 2024 | $0.5100 |
What's inside
As of Jan 31, 2026, the fund held 61 securities; the ten largest made up 27.53% of assets.
| Holding | Weight | |
|---|---|---|
| Amazon.com Inc | 3.05% | |
| Western Digital Corp | 3.03% | |
| WESCO International Inc | 2.98% | |
| Wells Fargo & Co | 2.93% | |
| Dollar General Corp | 2.75% | |
| Intercontinental Exchange Inc | 2.65% | |
| SS&C Technologies Holdings Inc | 2.64% | |
| Becton Dickinson & Co | 2.57% | |
| Medtronic PLC | 2.56% | |
| Alphabet Inc | 2.37% | |
| Cardinal Health Inc | 2.36% | |
| PPG Industries Inc | 2.22% | |
| First Citizens BancShares Inc/NC | 2.15% | |
| Maximus Inc | 2.11% | |
| Fortune Brands Innovations Inc | 2.04% |
By country
United States 90.49%United Kingdom 2.99%Ireland 2.56%Jersey 1.9%Bermuda 1.14%By asset type
Stocks 99.09%By sector
Sectors of the companies held, for the 62.5% of the fund in companies that have a stock page here; other holdings and cash aren't classified. Source: N-PORT holdings report as of Jan 31, 2026. Cash, money-market funds and derivatives are shown separately from the securities list.What changed recently
- Over the three months to Jan 31, 2026, investors added a net $30.7M (creations minus redemptions, per the N-PORT report).
- Monthly total returns reported for that quarter: +2.74%, +1.45%, +3.41%.
How it works
BLCV does not track an index. Its manager, BlackRock Fund Advisors, picks stocks with the goal of maximizing total return, which means price gains plus dividends. Under normal conditions, at least 80% of net assets goes into large cap value stocks, or into derivatives that give similar exposure. BlackRock counts a company if its size falls within the range of the Russell 1000 Value Index and it also appears in a value index BlackRock selects: the Russell 3000 Value, the S&P Composite 1500 Value or the MSCI World Value.
Within that pool, the managers look for stocks priced below what they believe the companies are worth. They favor below-average price/earnings ratios (share price divided by profit per share) and above-average dividends. Up to 25% of the fund may go into foreign companies, including American Depositary Receipts, which are U.S.-traded certificates for foreign shares. As of January 31, 2026, the fund held 61 stocks, about 90% of them U.S. companies. Amazon, Western Digital, WESCO International and Wells Fargo each made up about 3%.
The prospectus sets no rebalancing schedule. Holdings change when the managers' views change, and the fund's portfolio turnover rate was 61%. The fund is non-diversified, so it can hold bigger stakes in fewer companies. It may use derivatives, but it held none as of January 31, 2026.
What it really costs
- BLCV charges 0.46% a year, versus an average of 0.49% for the similar funds below (2nd of 4, cheapest first).
- Of that, 0.55% is the management fee; the rest covers other fund expenses.
- The fee includes a 0.09% waiver from the adviser, which may end.
- Using the prospectus's standard example, $10,000 invested would cost about $47 in the first year and $681 over 10 years (assuming a 5% annual return).
| Cost of $10,000 (SEC example) | 1 yr | 3 yrs | 5 yrs | 10 yrs |
|---|---|---|---|---|
| BLCV | $47 | $167 | $298 | $681 |
In a retirement portfolio
A hand-picked basket of large value stocks can balance a portfolio built around broad, growth-heavy index funds.
BLCV could add a value tilt and quarterly dividends to a stock portfolio. Its trailing yield was 3.52% as of October 27, 2026. Its record is short. The fund launched in May 2023, so it never went through the 2008, 2020 or 2022 downturns. Its weakest full calendar year, 2024, was still a gain of 12.51%, according to its prospectus. Its deepest drop was 13.5%, from November 29, 2024, to April 8, 2025, and it had recovered by May 19, 2025. A longer bear market could bring bigger losses than this history shows. That matters for anyone who may have to sell shares in a bad year. The fund costs 0.46% a year after a fee waiver, or $47 in the first year on $10,000 under the SEC's standard example. Past results don't predict future returns, and a plan should look at the whole portfolio, not one fund.
Who it may suit — and who should look elsewhere
May suit
- Investors who want about 60 manager-picked large value stocks, such as Wells Fargo, Dollar General and Medtronic, instead of owning a whole index.
- Investors who want quarterly dividends along with stock growth. The trailing yield was 3.52% as of October 27, 2026.
- People balancing a growth-heavy index fund with a fund that moved less than the market. Its one-year beta, a measure of market sensitivity, was 0.74.
Look elsewhere if
- Investors who want a long track record. BLCV launched in May 2023 and has not been through a deep bear market like 2008 or 2022.
- Investors focused on cost. At 0.46% after a fee waiver, it costs more than BlackRock's larger BLCR, which charges 0.36%.
- Investors uneasy with concentration and frequent trading. The fund is non-diversified, held 61 stocks as of January 31, 2026, and had 61% portfolio turnover.
Close alternatives
Matched by holdings overlap from the latest N-PORT reports.
Net assets from each fund's latest N-PORT or annual report where available. Returns through Oct 27, 2026.Questions investors ask
Is BLCV good for retirement income?
It pays some income, but it is a stock fund first. BLCV paid about $1.52 per share over the 12 months to October 27, 2026, a trailing yield of 3.52%, and it pays quarterly. The managers favor companies that may pay above-average dividends, but the fund's goal is total return, not income. Dividends aren't guaranteed and share prices can fall. It may suit investors who want some dividends along with growth.
What's the difference between BLCV and BLCR?
Both are actively managed iShares ETFs, but BLCR is a core fund rather than a value fund. About 23% of their holdings overlap. BLCR charges 0.36% against BLCV's 0.46%. It is also much larger: about $6.4 billion as of July 31, 2026, against BLCV's roughly $105 million as of January 31, 2026. As of October 27, 2026, BLCV led over one year, 23.5% to 18.6%. BLCR led over three years, at 26.9% a year against 23.6%.
What is BLCV's expense ratio?
BLCV's expense ratio is 0.46% a year, according to its prospectus filed November 14, 2025. The management fee is 0.55%, but BlackRock waives 0.09% of it. In the SEC's standard example ($10,000 invested, 5% annual return), total costs would be about $47 after one year, $167 after three, $298 after five and $681 after ten. That is slightly below the 0.49% average of the similar funds compared here. If the waiver ended, costs would go up.
What stocks does BLCV hold?
BLCV held 61 stocks as of January 31, 2026. The largest were Amazon, Western Digital, WESCO International, Wells Fargo and Dollar General, each about 2.8% to 3% of assets. The top 10 made up about 28% of the fund. About 90% was in U.S. companies. The rest was in companies based in places such as the United Kingdom, Ireland (Medtronic) and Jersey. Financials were the largest sector that could be classified.
How has BLCV performed since it launched?
BLCV has posted gains in each full calendar year so far. According to its prospectus, it returned 12.51% in 2024 and averaged 17.5% a year from its May 2023 launch through December 31, 2024. Based on share prices, it gained 23.07% in 2025 and 16.9% in 2026 through October 27. Its annualized three-year return was 23.6% as of that date. Its deepest drop was 13.5%, from November 2024 to April 2025.