ETF Evaluator: iShares S&P Mid-Cap 400 Value ETF (IJJ) Follow This ETF

iShares S&P Mid-Cap 400 Value ETF Overview

iShares S&P Mid-Cap 400 Value ETF (IJJ) is a passively managed U.S. Equity Mid-Cap Value exchange-traded fund (ETF). iShares launched the ETF in 2000.

The investment seeks to track the investment results of the S&P MidCap 400 Value IndexTM composed of mid-capitalization U.S. equities that exhibit value characteristics. The index measures the performance of the mid-capitalization value sector of the U.S. equity market. The fund generally will invest at least 80% of its assets in the component securities of its index and in investments that have economic characteristics that are substantially identical to the component securities of its index and may invest up to 20% of its assets in certain futures, options and swap contracts, cash and cash equivalents.

About iShares S&P Mid-Cap 400 Value ETF (IJJ)

There are 4 members of the management team with an average tenure of 4.42 years: Jennifer Hsui (2012), Peter Sietsema (2025), Matt Waldron (2025) and Steven White (2025). Management tenure is more important for actively managed ETFs than passive index ETFs.

The ETF has 2 primary benchmarks: S&P US TMI TR USD index with a weighting of 100% and S&P MidCap 400 Value TR USD index with a weighting of 100%. iShares S&P Mid-Cap 400 Value ETF has 304 securities in its portfolio. The top 10 holdings constitute 10.1% of the ETF’s assets. The ETF meets the SEC requirement of being classified as a diversified fund. The ETF is not considered to have an ESG focus with its investment selection and management.

iShares S&P Mid-Cap 400 Value ETF is part of the Equity global asset class and is within the U.S. Equity ETF group. iShares S&P Mid-Cap 400 Value ETF has 0.7% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 99.1% There is 0.7% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 0.0% (0.0% domestic bond, 0.0% foreign bond and 0.0% convertible bond). iShares S&P Mid-Cap 400 Value ETF has 0.2% of the portfolio in cash.

Assets Under Management

The fund has $8 billion in total assets, which is above the $2 billion average for the Mid-Cap Value category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.

IJJ Performance and Fees

The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The iShares S&P Mid-Cap 400 Value ETF expense ratio is low compared to funds in the Mid-Cap Value category. iShares S&P Mid-Cap 400 Value ETF has an expense ratio of 0.18%, which is 61% lower than its category average, making the fund expense ratio grade a A. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.

High portfolio turnover can translate to higher expenses and lower aftertax returns. iShares S&P Mid-Cap 400 Value ETF has a portfolio turnover rate of 40%, which indicates that it holds its assets around / 0.0 years. By way of comparison, the average portfolio turnover is 73% for the Mid-Cap Value category.

Recently, in the month of June 2026, iShares S&P Mid-Cap 400 Value ETF returned 4.1%, which earned it a grade of A, as the Mid-Cap Value category had an average return of 1.7%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all ETFs in that category.

iShares S&P Mid-Cap 400 Value ETF has a trailing yield of 1.59%, which is below the 2.13% category average. The fund normally distributes its income quarterly and its capital gains annually.

It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.

iShares S&P Mid-Cap 400 Value ETF Grades

Year to date, the ETF has returned 12.9%, 1.4 percentage points better than the category, which translates into a grade of B. The fund has returned 21.5% over the past year (grade of C), 13.3% over the past three years (grade of D) and 9.0% per year over the past five years (grade of D) and 10.7% per year over the past 10 years (grade of D).

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