According to a filing with the Securities and Exchange Commission dated April 8, Sharkey, Howes & Javer reported a new stake of 284,414 shares in iShares Large Cap Core Active ETF (BLCR +1.63%).
What else to know
- This is a new position, now accounting for 1.6% of Sharkey, Howes & Javer’s 13F reportable assets under management as of March 31.
- Top five holdings after the filing:
- NYSEMKT: IVV: $71.0 million (9.6% of AUM)
- NASDAQ: IUSB: $45.4 million (6.1% of AUM)
- NYSEMKT: DYNF: $43.6 million (5.9% of AUM)
- NYSEMKT: IVW: $41.9 million (5.7% of AUM)
- NYSEMKT: IVE: $39.6 million (5.3% of AUM)
ETF overview
| Metric | Value |
|---|---|
| Price (as of market close April 7) | $42.40 |
| 1-year total return | 53.3% |
ETF snapshot
The iShares Large Cap Core Active ETF provides investors with actively managed exposure to large-cap U.S. equities, leveraging both fundamental and quantitative research to inform portfolio construction. The fund aims to deliver enhanced risk-adjusted returns relative to passive benchmarks.
The fund's active management approach offers flexibility to adjust sector and security allocations in response to changing market conditions.
- Seeks to maximize total return by actively investing in large-cap U.S. equities using fundamental and quantitative analysis.
- Portfolio primarily consists of diversified large-capitalization stocks, with holdings selected based on a combination of financial metrics and market signals.
- Structured as an exchange-traded fund targeting institutional and retail investors seeking core U.S. equity exposure.
What this transaction means for investors
Sharkey, Howes & Javer made a fairly aggressive purchase during the first quarter. It quickly ramped up its position, valued at $11.7 million at quarter-end. That represented 1.6% of the reported $742.3 million in AUM.
Although the iShares Large Cap Core Active ETF has an impressive recent record (53.1% one-year return through April 13 versus 30% for the S&P 500 index), it’s important for investors to note that the fund launched in October 2023. That’s less than three years ago. Hence, it hasn’t built a long-term track record.
The fund uses a mix of fundamental analysis and quantitative measures designed to produce outsized total returns. It only has 35 holdings, though.
The ETF does have a fairly low expense ratio, 0.38%, compared to other active funds. That’s important since expenses eat into investors’ returns.
