iShares S&P 500 Value ETF

iShares S&P 500 Value ETF (IVE) is a BlackRock index fund tracking the S&P 500 Value Index: roughly the half of the S&P 500, by market value, that looks cheapest relative to book value, earnings and sales. It may appeal to investors wanting large U.S. companies with a value tilt. Its main drawback is cost: 0.18% a year, versus 0.04% for SPDR Portfolio S&P 500 Value ETF (SPYV), whose holdings overlapped 100% with IVE's.

• Over the year to Nov 2, 2026, IVE returned +16.7%, 7th 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 36.8% and regained its old high 9.3 months after the low.
• Its worst full calendar year was 2008 (-38.9%); its best was 2019 (+31.6%).
• The deepest fall in its price history was 61.3% (Oct 9, 2007 to Mar 9, 2009), recovered by Mar 8, 2013.

As of Jun 30, 2026, the fund held 438 securities; the ten largest made up 23.8% of assets.

By sector

• Over the three months to Jun 30, 2026, investors withdrew a net $2.41B (creations minus redemptions, per the N-PORT report).
• Monthly total returns reported for that quarter: +5.85%, +1.95%, +0.04%.

IVE tracks the S&P 500 Value Index, built by S&P Dow Jones Indices. The index starts with the S&P 500 and keeps the stocks with the strongest value traits, measured by book value, earnings and sales relative to share price. High scores mean a stock looks cheap compared with what the company owns, earns or sells. As of March 31, 2026, the value index covered about 48% of the S&P 500's market value.

The index rebalances quarterly and caps concentration: no company may exceed 23% of the index, and companies weighing over 4.8% may not total more than 50%. If a company tops 24%, or that group tops 50%, near the end of a quarter, an extra reweighting takes effect at month-end. As of June 30, 2026, the fund held 438 stocks; the 10 largest made up 23.8% of assets, led by Apple (7.3%), Amazon (3.8%) and Intel (2.3%).

BlackRock uses representative sampling: it buys a selection of index stocks meant to match the index's overall profile and may not own every member. It normally keeps at least 80% of net assets in index stocks, and may use futures and other derivatives, hold cash, and lend securities worth up to one-third of its total assets. It does not try to beat the index or turn defensive in falling markets.

• IVE charges 0.18% a year, versus an average of 0.07% for the similar funds below (8th of 9, cheapest first).
• Using the prospectus's standard example, $10,000 invested would cost about $18 in the first year and $230 over 10 years (assuming a 5% annual return).

It spreads money across hundreds of large U.S. companies from the value side of the S&P 500, so it can serve as a main stock holding rather than a narrow bet.

IVE could anchor the U.S. stock part of a portfolio, tilted toward companies that look cheap on earnings, sales and book value. But it is almost entirely stocks. In the 2008 financial crisis it lost 61.3% from October 2007 to March 2009 and did not regain that peak until March 2013. Its worst calendar year was 2008, down 38.9%. It fell 36.8% in the 2020 COVID crash but recovered by year-end, and dropped 18% in 2022 before recovering by February 2023. Selling shares for living costs near those lows would have locked in losses.

Income is modest: the yield over the prior year was 1.5% as of October 27, 2026, paid quarterly. The expense ratio, the yearly fee, is 0.18%, versus 0.04% for the heavily overlapping SPYV and IUSV. Past results don't predict future ones, and a plan should weigh the whole portfolio, not one fund.

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