# iShares Morningstar Small-Cap Value ETF (JKL): ETF Facts & Distributions > Markdown mirror of https://www.dividenddata.com/funds/jkl for AI agents. Same live data as the HTML page, regenerated on the same refresh cycle. Not investment advice. - Issuer: IShares · Asset class: Equity - Strategy: Passive Index · Inception: 2004-06-27 The iShares Morningstar Small-Cap Value ETF is structured to replicate the financial performance of a specific index. This index is comprised of smaller American companies that are identified by their value investment characteristics. ## Key Facts | Metric | Value | |---|---| | Price | $172.73 | | Expense Ratio | 0.06% | | Assets Under Management | $681.9M | | NAV | $78.38 | | Holdings Count | 1043 | | Distribution Yield (TTM) | 0.84% | | Annual Distribution (TTM) | $1.45 /share | | Distribution Frequency | Quarterly | | 52-Week Range | $80.85 – $177.84 | | Beta | 1.45 | ## Latest Distribution - Amount: $0.3371 /share - Ex-date: 2026-06-15 - Pay date: — ## Frequently Asked Questions ### What does JKL invest in? The iShares Morningstar Small-Cap Value ETF is structured to replicate the financial performance of a specific index. This index is comprised of smaller American companies that are identified by their value investment characteristics. ### What is the expense ratio of JKL? iShares Morningstar Small-Cap Value ETF (JKL) charges an expense ratio of 0.06%. This is the annual fee deducted from fund assets to cover management and operations. ### How big is JKL? iShares Morningstar Small-Cap Value ETF (JKL) manages $681.9M in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure. Funds below ~$50M are at higher risk of liquidation. ### Is JKL actively managed or an index fund? JKL is a passive index fund. It tracks a published benchmark by holding the constituents in their published weights. Index funds typically charge low expense ratios (JKL's is 0.06%) because there's no security selection cost. ### When was JKL launched? iShares Morningstar Small-Cap Value ETF (JKL) launched in June 2004 and is managed by IShares. ### How has JKL performed? JKL's total return (price change plus reinvested distributions) is charted at the top of this page. Switch the price chart to Total Return and pick a 1-year, 3-year, 5-year, or 10-year window to read the compound annual growth rate (CAGR) over each horizon. ### Does JKL pay a dividend? iShares Morningstar Small-Cap Value ETF (JKL) currently distributes little or no income. Trailing-twelve-month yield is 0.84%. Investors looking for income should consider income-focused alternatives. See the Peers tab. ### How often does JKL pay dividends? iShares Morningstar Small-Cap Value ETF pays dividends Quarterly. Each ex-dividend date, record date, and payment date is listed in the dividend history table on this page. ### What is JKL's dividend yield? JKL's trailing-twelve-month yield is 0.84%, calculated from the sum of dividends over the past year divided by the current price. ### When is JKL's next ex-dividend date? The most recently announced ex-dividend date for JKL was 2026-06-15. The next ex-date typically follows Quarterly; once announced it appears at the top of the dividend history table on this page. ### How much will JKL's expense ratio cost me over 30 years? On a $10,000 investment compounding at 7% gross return, a 0.06% expense ratio quietly compounds against your balance every year. The Fee Compounding Forecast card above projects the dollar drag for any holding period and assumption you pick. The typical result for a 1.0% expense ratio on a 30-year hold is roughly 25% of the final balance lost to fees. ### How does JKL charge its expense ratio? The expense ratio is deducted in tiny daily slices from JKL's net asset value (NAV). You never see a bill. The price quoted on every exchange is already net of fees. There's no "fee day" to avoid; the cost is continuous and built into the trading price. ### Why does JKL cost more than a fund like VOO? JKL is a passive index fund (current expense ratio 0.06%). Differences from broad-market ETFs like VOO usually come from index licensing fees, asset class (bond funds typically run cheaper than equity), or fund scale (smaller funds spread fixed operating costs across less AUM). ### Are there cheaper alternatives to JKL? The Lower-Fee Alternatives card above lists ETFs following the same investment strategy as JKL (0.06%) but at a lower expense ratio. Each row shows the fee gap, the peer's AUM as a liquidity sanity-check, and a direct link to that fund's analysis page. Cheaper price doesn't automatically mean better. Verify the peer holds what you actually want. ## More on Dividend Data - Overview (HTML): https://www.dividenddata.com/funds/jkl - Distribution history: https://www.dividenddata.com/funds/jkl/dividend - Holdings & diversification: https://www.dividenddata.com/funds/jkl/diversification - Fees & cheaper alternatives: https://www.dividenddata.com/funds/jkl/expenses - Peer comparison: https://www.dividenddata.com/funds/jkl/peers Data sourced from primary filings and market data providers; see https://www.dividenddata.com/methodology.