iShares Core S&P U.S. Value ETF

iShares Core S&P U.S. Value ETF (IUSV) is a BlackRock index fund that tracks the S&P 900 Value Index, which picks U.S. companies that look cheap relative to their book value, earnings and sales. Its annual fee of 0.04% of assets matches the lowest among similar funds and is under half their 0.09% average. Unlike S&P 500 value funds, it also draws on mid-sized companies from the S&P MidCap 400.

• Over the year to Nov 2, 2026, IUSV returned +16.8%, 6th of 9 among similar funds.
• Its 5-year annualized return was +11.4% and its 10-year +12.4%.
• In the 2020 COVID crash it fell 37.3% and regained its old high 9.3 months after the low.
• Its worst full calendar year was 2008 (-36.0%); its best was 2013 (+32.2%).
• The deepest fall in its price history was 60.2% (Jun 4, 2007 to Mar 9, 2009), recovered by Jan 29, 2013.

As of Jun 30, 2026, the fund held 738 securities; the ten largest made up 22.44% of assets.

By sector

• Over the three months to Jun 30, 2026, investors added a net $501.1M (creations minus redemptions, per the N-PORT report).
• Monthly total returns reported for that quarter: +5.96%, +1.84%, +0.27%.

IUSV tracks the S&P 900 Value Index from S&P Dow Jones Indices. The S&P 900 combines the S&P 500 and the S&P MidCap 400. From that pool of large and mid-sized U.S. companies, S&P picks those with strong value traits, judged by book value (what a company owns minus what it owes), earnings and sales relative to share price. As of March 31, 2026, the index covered about 48% of the S&P 900's total market value.

At each quarterly rebalance (a scheduled reset of weights), the index caps any one company at 23% and limits companies above 4.8% to 50% combined. If a company tops 24%, or that group tops 50%, near quarter-end, an extra reweighting follows. Apple, the largest holding, was 6.9% of the fund as of June 30, 2026.

BlackRock's fund adviser (BFA) uses representative sampling: it buys a selection of stocks meant to match the index's overall profile, so the fund may not own every index member. Under normal conditions, at least 80% of assets must be in index stocks. It may use derivatives such as futures, hold cash and lend up to a third of its assets to other investors for a fee. The prospectus lists portfolio turnover (the share of holdings replaced in a year) of 28%. The fund doesn't turn defensive when markets fall.

• IUSV charges 0.04% a year, versus an average of 0.09% for the similar funds below (1st of 9, cheapest first).
• Using the prospectus's standard example, $10,000 invested would cost about $4 in the first year and $51 over 10 years (assuming a 5% annual return).

It holds hundreds of large and mid-sized U.S. stocks for 0.04% a year, but covers only the value side of the market, about 48% of the S&P 900's market value as of March 31, 2026.

IUSV could anchor the value side of a stock allocation, but it has fallen hard in crises. Its deepest drop, about 60% from June 2007 to March 2009, took until January 2013 to recover, almost four years after the low. Its worst calendar year, 2008, lost 36%. In the 2020 COVID crash it fell 37% but recovered by December 2020. In 2022 it fell about 18% and recovered by February 2023. Anyone who had to sell shares to cover spending in a slump like 2008 would have locked in deep losses.

Income is modest: the trailing 12-month yield was 1.61% as of October 29, 2026, paid quarterly. The 0.04% expense ratio (annual fee) works out to about $4 in the first year on $10,000, under the SEC's standard example. Past results don't predict future returns, and a retirement plan should look at the whole portfolio, not one fund.

Matched by holdings overlap from the latest N-PORT reports.