ILCV vs TMFE: Grades, Fees and Holdings Compared

iShares Morningstar Value ETF

ILCVANYSE Arca

Motley Fool Capital Efficiency 100 Index ETF

TMFECCboe

Overlap

14.9%by weight

Expense ratio

ILCV −0.46pt a year

ILCV0.04%TMFE0.50%

Avg volume · 30D

ILCV 2.4×the volume

ILCV24.4KTMFE9.98K

3Y return · a year

ILCV +3.5pt

ILCV+22.6%TMFE+19.1%

ILCV vs TMFE Performance

Oct 31, 2025 – Oct 30, 2026

+21.0%ILCV+2.9%TMFE

Expense ratio: ILCV 0.04%, better; TMFE 0.50%
Fund size: ILCV $1.37B; TMFE $74M
1Y total return: ILCV +21.0%, better; TMFE +2.9%
Yield (12M): ILCV 1.51%, better; TMFE 0.31%
Holdings: ILCV 375; TMFE 101
Avg volume (30D): ILCV 24.4K sh, better; TMFE 9.98K sh
NAV per share: ILCV $109.27; TMFE $30.26
52W range

ETF.net Grade

Pillar letters and Scores for ILCV, TMFE, with each pillar’s weight
Pillar	ILCV	TMFE
Cost30% weight	A99Higher	D26
Mission25% weight	A82Higher	A71
Risk15% weight	A90Higher	C40
Tradability15% weight	B64Higher	D33
Holdings10% weight	D39Higher	D27
Durability5% weight	A82Higher	D31

Rank among US Multifactor funds

How we build Categories ›

Same Category. ILCV and TMFE are both graded against the same 99 US Multifactor funds, so their Grades compare head to head.

US Multifactor⁠

Category · 99 funds

See all 99 ›

ILCV ranks 2nd and TMFE 84th of 99 funds in the US Multifactor Category.

Rank 1AVONVVanguard Russell 1000 Value ETFScore 85
Rank 2AILCViShares Morningstar Value ETFScore 81
Rank 2AVYMVanguard High Dividend Yield ETFScore 81
Rank 84CHQGOHartford US Quality Growth ETFScore 40
Rank 84CTMFEMotley Fool Capital Efficiency 100 Index ETFScore 40
Rank 86DPALCPacer Lunt Large Cap Multi-Factor Alternator ETFScore 39

Our read on each fund

ETF.net Research

ILCVAiShares Morningstar Value ETF

TMFECMotley Fool Capital Efficiency 100 Index ETF

In short

ILCV Value done the thorough way: roughly 400 large- and mid-cap US stocks screened on five separate value measures, not just cheap book value. Running since 2004 at four basis points, it's one of the cheapest tickets into the value factor.

TMFE Stock-picking research in an index wrapper. TMFE screens The Motley Fool's own recommendation universe down to the 100 most capital-efficient companies, then caps each position at 4.8%.

Stated mandate

ILCV The fund seeks to track an index of U.S. large- and mid-cap stocks selected with value-oriented measures including forward earnings, book value, sales, cash flow, and dividend yield.

TMFE The fund seeks to track, before fees and expenses, the total return performance of the proprietary Capital Efficiency 100 Index.

Why people hold it

ILCV Charges 0.04% a year against a 0.32% median for its factor peer group. Undercuts well-regarded rivals like VONV (0.06%) and FNDX (0.25%).
Value gets defined five ways: forward earnings, book value, sales, cash flow and dividend yield. Wider lens than a single price-to-book screen.ishares.com
Spreads the bet across about 400 large- and mid-cap names and distributes quarterly.
Trading since 2004 and now a multi-billion-dollar fund, it ranks among the strongest implementations in its factor cohort.

TMFE The universe is the twist: eligibility starts with US companies Motley Fool analysts have recommended or rated highly, and a capital-efficiency score picks the 100 that make the cut.fooletfs.com fooletfs.com 2
A 4.8% cap per holding at rebalance keeps one hot name from quietly becoming the whole fund.fooletfs.com
The screen is spelled out in the prospectus: growth and profitability via a named Capital Efficiency Factor Score, run passively against a published US equity index.

Worth knowing

ILCV One of the quieter tickers in its category. Thin volume means spreads matter more here than on a mega-cap index fund, and limit orders are the usual tool.
Value-only by design. It skips the market's priciest growth leaders, so it moves differently from a total-market fund in both directions.ishares.com
Large and mid caps only. Small-cap value sits outside the mandate.

TMFE At 0.50% a year it costs more than the typical multifactor peer, and plain index rivals like IUSG and VONV charge a small fraction of that.
The benchmark is proprietary to The Motley Fool, not an independent index house, and it has only been live since the fund's 2021 launch.usnews.com
A smaller fund that trades lightly, so bid-ask spreads tend to run wider than on mega-cap index ETFs.

Full ILCV profile⁠

Full TMFE profile⁠

ILCV vs TMFE Holdings

How ILCV and TMFE differ

Overlap by weight

14.9%

Shared holdings make up 56.7% of TMFE and 17.3% of ILCV.

Level by level

Holdings28 in both14.9%
Sector11 Sectors78.0%
Countryby domicile99.2%
Asset classEquity100%

Sector

Sector weights in ILCV and TMFE, widest gap first
Sector	More in ILCVMore in TMFE	ILCV	TMFE
Technology	TMFE +13.3 points	23.9%	37.2%
Financials	ILCV +7.8 points	17.7%	9.9%
Energy	ILCV +6.6 points	6.6%	0.0%
Consumer Discretionary	TMFE +4.7 points	8.6%	13.3%
Communication	TMFE +4.0 points	8.8%	12.8%
Utilities	ILCV +3.0 points	3.0%	0.0%
Industrials	ILCV +1.6 points	6.9%	5.3%
Real Estate	ILCV +1.5 points	1.7%	0.1%
Materials	ILCV +0.6 points	2.1%	1.5%
Health Care	ILCV +0.5 points	13.4%	12.9%
Consumer Staples	ILCV +0.4 points	7.3%	6.9%

Country, concentration and asset class

Country by domicile

Country weights in ILCV and TMFE, widest gap first
Country	More in ILCVMore in TMFE	ILCV	TMFE
United States	TMFE +0.8 points	99.2%	100.0%
Other countries (5)	ILCV +0.8 points	0.8%	0.0%

Concentration

Weight in the 10 largest Holdings

ILCV34.4%
TMFE44.6%

Securities held

ILCV372
TMFE100

Asset class

ILCV: Equity
TMFE: Equity

Holdings

Only in ILCV344
In both28
Only in TMFE72

Only in ILCV

344 securities, 82.5% of ILCV by weight

Microsoft8.45%
Amazon.com Inc3.08%
Berkshire Hathaway Inc Class B2.84%
JPMorgan Chase & Co2.60%
Exxonmobil Holdings Corp2.14%
Alphabet Class A2.04%
Johnson & Johnson1.89%
AbbVie1.46%
Micron Technology1.35%
Tesla Inc1.24%
Chevron1.23%
Cisco Systems Inc1.22%
Procter & Gamble1.06%
UnitedHealth Group1.05%
Coca-Cola1.03%
Merck & Co Inc1.03%
Bank of America0.94%
Home Depot0.93%
Philip Morris International0.92%
Walmart0.91%
Goldman Sachs Group0.77%
Rtx0.76%
Thermo Fisher Scientific0.75%
Wells Fargo0.73%
Amgen Inc0.71%
International Business Machines Co0.69%
Linde PLC0.66%
Morgan Stanley0.64%
Citigroup0.60%
Qualcomm0.56%
Walt Disney0.54%
Salesforce0.52%
Pepsico0.52%
Mcdonalds Corp0.52%
Verizon Communications Inc0.52%
Abbott Laboratories0.51%
Conocophillips0.51%
Union Pacific0.51%
Nextera Energy0.49%
Pfizer0.49%
BlackRock0.46%
Texas Instrument0.45%
Danaher0.43%
Accenture PLC Class A0.43%
AT&T0.41%
Caterpillar Inc0.38%
Progressive0.38%
Altria Group Inc0.36%
Chubb0.36%
Capital One Financial Corp0.36%

Only in TMFE

72 securities, 43.1% of TMFE by weight

NVIDIA Corp4.32%
Lam Research Corp3.83%
Crowdstrike Holdings Inc3.82%
Intuitive Surgical Inc2.35%
Fortinet Inc1.75%
Cintas Corp1.74%
ServiceNow Inc1.54%
Airbnb Inc1.52%
Datadog Inc1.47%
Snowflake Inc1.44%
Monster Beverage Corp1.26%
Autodesk Inc0.95%
Everpure Inc0.91%
IDEXX Laboratories Inc0.91%
Chipotle Mexican Grill Inc0.77%
AutoZone Inc0.73%
Comfort Systems USA Inc0.65%
Astera Labs Inc0.65%
Live Nation Entertainment Inc0.60%
Zscaler Inc0.60%
Old Dominion Freight Line Inc0.51%
Dexcom Inc0.48%
Cboe Global Markets Inc0.46%
EMCOR Group Inc0.45%
MongoDB Inc0.42%
Coupang Inc0.40%
Casey's General Stores Inc0.39%
Fair Isaac Corp0.39%
Nutanix Inc0.35%
Rollins Inc0.34%
Medpace Holdings Inc0.33%
Exelixis Inc0.31%
UL Solutions Inc0.30%
Docusign Inc0.30%
Wayfair Inc0.30%
Gartner Inc0.29%
Manhattan Associates Inc0.29%
Hasbro Inc0.26%
HubSpot Inc0.25%
Neurocrine Biosciences Inc0.24%
GoDaddy Inc0.24%
Maplebear Inc0.23%
Corcept Therapeutics Inc0.22%
Five Below Inc0.21%
New York Times Co/The0.20%
Solventum Corp0.20%
RPM International Inc0.19%
Jack Henry & Associates Inc0.18%
Insulet Corp0.18%
Pinterest Inc0.18%

Weight gaps

All 28 Holdings in both funds, largest gap first.

Holding weights in ILCV and TMFE, widest gap first
Holding	More in ILCVMore in TMFE	ILCV	TMFE
Mastercard Class AMA	TMFE +4.97 points	0.63%	5.60%
Costco Wholesale CorpCOST	TMFE +4.80 points	0.71%	5.51%
Visa Class AV	TMFE +4.51 points	1.00%	5.51%
TjxTJX	TMFE +2.90 points	0.28%	3.18%
Gilead SciencesGILD	TMFE +2.75 points	0.58%	3.33%
AppleAAPL	ILCV +2.38 points	7.24%	4.86%
Alphabet Class CGOOG	TMFE +2.10 points	1.65%	3.75%
T Mobile Us IncTMUS	TMFE +2.07 points	0.20%	2.27%
Bristol Myers SquibbBMY	TMFE +1.84 points	0.36%	2.20%
Uber TechnologiesUBER	TMFE +1.78 points	0.27%	2.05%
Adobe IncADBE	TMFE +1.73 points	0.28%	2.01%
Hca HealthcareHCA	TMFE +1.68 points	0.20%	1.88%
Booking HoldingsBKNG	TMFE +1.60 points	0.32%	1.92%
Meta Platforms Class AMETA	TMFE +1.55 points	2.50%	4.05%
Sherwin WilliamsSHW	TMFE +1.22 points	0.08%	1.30%
Nike Class BNKE	TMFE +0.84 points	0.13%	0.97%
Fedex CorpFDX	TMFE +0.83 points	0.19%	1.02%
SyscoSYY	TMFE +0.71 points	0.11%	0.82%
EbayEBAY	TMFE +0.69 points	0.09%	0.78%
Ulta Beauty IncULTA	TMFE +0.60 points	0.03%	0.63%
Workday Class AWDAY	TMFE +0.56 points	0.11%	0.67%
ResmedRMD	TMFE +0.43 points	0.05%	0.48%
Williams Sonoma IncWSM	TMFE +0.39 points	0.05%	0.44%
Cognizant Technology Solutions ClaCTSH	TMFE +0.32 points	0.08%	0.40%
Incyte CorpINCY	TMFE +0.31 points	0.03%	0.34%
Wesco InternationalWCC	TMFE +0.23 points	0.03%	0.26%
Tractor SupplyTSCO	TMFE +0.22 points	0.05%	0.27%
NvrNVR	TMFE +0.20 points	0.04%	0.24%

All 372 ILCV holdings⁠All TMFE holdings⁠

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

ILCV vs TMFE Cost

Overpaying TMFE vs ILCV

$9,130

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

ILCV 0.04%
$849
TMFE 0.50%
$9,979

Amount$10,000

Years30 years

Cost over time

ILCV 0.04%
TMFE 0.50%
Overpaying

Year by year

Year	ILCV	TMFE	Overpaying
10	$73	$900	$827
20	$288	$3,460	$3,172
30	$849	$9,979	$9,130

Expense ratio

0.04%ILCV, cheaper
0.50%TMFE

ILCV0.04%TMFE0.50%

0.04%1.01%

Middle half of US Multifactor funds
Median 0.29%

ILCV cheapest of 99 funds

TMFE 75th cheapest of 99 funds

ILCV vs TMFE Dividends

Last 12 months to Oct 30, 2026

Yield (12M): ILCV 1.51%, better; TMFE 0.31%
Payout (12M): ILCV $1.65; TMFE $0.09
Last payment: ILCV $0.42; TMFE $0.09
Ex-dividend: ILCV Sep 15, 2026; TMFE Dec 18, 2025
Paid on: ILCV Sep 18, 2026; TMFE Dec 19, 2025
Frequency: ILCV Quarterly; TMFE Annual

Distribution history

Per share, 2017 to 2026, same scale for both

ILCVQuarterly · 39 paymentsAll ILCV payments⁠

TMFEAnnual · 4 paymentsAll TMFE payments⁠

ILCV vs TMFE Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years: ILCV 10.7%, betterTMFE 13.1%
Return per unit of riskSharpe ratio, 3 years: ILCV 1.57, betterTMFE 1.07
Worst fallMax drawdown, 5 years: ILCV −18.6%TMFE −31.1%since Dec 2021
Market sensitivityBeta, 5 years: ILCV 0.82TMFE 0.94; Market = 1

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