iShares Morningstar Mid-Cap ETF (JKG)

ETF iShares Morningstar Mid-Cap ETF (JKJ) Overview:

Profile:

• Focus: Mid-capitalization U.S. stocks (market cap between $2B and $10B)
• Asset allocation: Primarily equities (98.7%) with minimal cash holdings (1.3%)
• Investment strategy: Passively tracks the Morningstar US Mid Cap 200 Growth Index

Objective:

• Achieve long-term capital appreciation by investing in growth-oriented mid-cap companies

Issuer:

• BlackRock: Global investment manager with strong reputation and track record
• Management: Experienced team with expertise in index tracking and ETF management

Market Share:

• 47% of the mid-cap growth ETF market (as of November 8, 2023)

Total Net Assets:

• $5.25 billion (as of November 8, 2023)

Moat:

• Strong brand recognition within the iShares family of ETFs
• Low expense ratio compared to actively managed mid-cap growth funds
• Diversification across multiple sectors and industries

Financial Performance:

• Year-to-date return: 7.5% (as of November 8, 2023)
• 3-year annualized return: 13.5%
• Outperformed Morningstar US Mid Cap 200 Growth Index over the past 3 years

Growth Trajectory:

• Mid-cap growth segment expected to continue outperforming the broader market
• Favorable economic conditions supporting growth-oriented companies

Liquidity:

• Average trading volume: 4.3 million shares (as of November 8, 2023)
• Tight bid-ask spread indicating ease of trading

Market Dynamics:

• Positive economic outlook and strong earnings growth benefiting mid-cap companies
• Rising interest rates may pose challenges for growth stocks
• Potential for sector rotation within mid-cap space

Competitors:

• iShares Russell Midcap Growth ETF (IWP): 37% market share
• Vanguard Mid-Cap Growth Index Fund ETF (VOT): 14% market share

Expense Ratio:

• 0.24% per year

Investment approach and strategy:

• Tracks Morningstar US Mid Cap 200 Growth Index
• Holds approximately 200 mid-cap stocks with a focus on growth potential
• Sector allocation: Technology (34.8%), Healthcare (23.3%), Consumer Discretionary (13.7%), Industrials (11.8%), Financials (7.2%), Others (9.2%)

Key points:

• Low-cost access to mid-cap growth potential
• Diversification across multiple sectors
• Strong track record and experienced management

Risks:

• Volatility inherent to mid-cap stocks
• Interest rate sensitivity of growth stocks
• Sector concentration in technology and healthcare

Who Should Consider Investing:

• Investors seeking long-term capital appreciation
• Investors comfortable with higher volatility
• Investors看好mid-cap growth sector

Fundamental Rating Based on AI:

• 8.5 out of 10
• Strong financial performance, market position, and growth potential
• Some concern regarding interest rate sensitivity

Resources:

• iShares Morningstar Mid-Cap ETF website: https://www.ishares.com/us/products/etf/product-detail?銘柄=JKJ
• Morningstar: https://www.morningstar.com/etfs/arcx/jkj/quote
• ETFDB: https://etfdb.com/etf/jkj/ishares-morningstar-mid-cap-etf/
• BlackRock: https://www.blackrock.com/us/individual/products/etfs/ishares-morningstar-midcap-etf

Disclaimer: This analysis is for informational purposes only and should not be considered investment advice. Please consult with a financial professional before making any investment decisions.